Bitcoin whales gobbled up more than $1 billion worth of BTC amid the top crypto asset’s price dip on Thursday, according to the crypto analytics firm IntoTheBlock. IntoTheBlock notes that whales holding more than 0.1% of the total BTC supply collectively accumulated 19,760 Bitcoins worth $1.235 billion, at an average price of $62,500 per coin. […]
The post Whales Gobble Up $1,235,000,000 Worth of Bitcoin Amid BTC’s Price Dip on Thursday: IntoTheBlock appeared first on The Daily Hodl.
Bitcoin (BTC) demand dropped before the halving, according to the crypto analytics firm CryptoQuant. The firm notes that investors took profits ahead of the halving event, which happened on Friday night and slashed Bitcoin’s block rewards from 6.25 BTC ($398,134) to 3.125 BTC ($199,067). “Traders in the perpetual futures market are locking in gains amid […]
The post Bitcoin (BTC) Demand Dropped Prior to Halving, According to Crypto Analytics Firm CryptoQuant – Here’s Why appeared first on The Daily Hodl.
The chief investment officer of crypto fund manager Bitwise says the halving event for Bitcoin (BTC) is a bullish catalyst. In a new interview with CNBC Squawk Box host Andrew Sorkin, Bitwise CIO Matt Hougan says that the April 19th halving, when miners’ rewards are cut in half, could spark a massive rally based on […]
The post Bitcoin Halving a Bullish Event, According to Bitwise CIO Matt Hougan – But There’s a Catch appeared first on The Daily Hodl.
Since the previous halving, the number of crypto users has surged 400%, not including the impact of the spot Bitcoin ETF launch in the United States.
Another Bitcoin halving has come and gone, the fourth so far, and this one was like no other before it, with institutional investment playing a key role for the very first time.
Bitcoin halvings have been historically associated with one essential similarity — a subsequent spike in BTC price, which often occurs some time after the halving.
While the community has yet to find out whether the fourth halving will follow the same path, some things are already different about the Bitcoin halving 2024.
At 8:12 p.m. ET on Friday, April 19, 2024, the Bitcoin network marked its fourth block reward halving at block height 840,000. Block 840,000 was mined by Viabtc, securing the notable ‘epic satoshi’ for the fortunate mining pool and a 3.125 BTC reward. The Halving Is Now Complete Bitcoin’s latest halving event occurred at block […]
Bitcoin has officially executed a systematic, hard-coded and highly anticipated event known as the halving. The event, which happens roughly every four years, essentially cuts the Bitcoin reward that miners receive for powering the network in half, reducing the new supply of BTC entering the market. The reward for mining a block has reduced from […]
The post Bitcoin Halving Executes, Defying Era of Money Printing and Currency Debasement With ‘Quantitative Tightening’ appeared first on The Daily Hodl.
Upcoming Bitcoin halving may lead to mining power centralization and innovation as miners adapt to new profitability challenges.
The post This Bitcoin halving could lead to greater mining power centralization: Bitfinex analyst appeared first on Crypto Briefing.
A widely followed crypto analyst says Bitcoin relief is on the way as the imminent BTC halving draws closer. The BTC halving is a pre-programmed event that occurs every four years, slashing BTC mining rewards in half. Analysts and experts anticipate the next BTC halving should occur in the coming days or even hours. One […]
The post Crypto Analyst Dives Into Altcoin Bear Market As the Bitcoin (BTC) Halving Nears appeared first on The Daily Hodl.
The Bitcoin DeFi ecosystem displayed a stellar growth in 2024, and Mark Hendrickson believes this sector is here to stay.
The post ‘Bitcoin has as many functionalities as other blockchains’: Trust Machines member weights in Bitcoin DeFi appeared first on Crypto Briefing.
One widely followed crypto trader is breaking down Bitcoin (BTC) after a 9% crash over the last week. Pseudonymous crypto analyst Rekt Capital tells his 452,800 followers on the social media platform X that BTC’s current re-accumulation phase may fool some traders into thinking it’s a Bitcoin breakdown. “One of the key things to note about Bitcoin’s […]
The post ‘The Q1 Hype Cycle Is Over’: Crypto Analyst Updates Outlook on Bitcoin (BTC) After Deep Pullback appeared first on The Daily Hodl.
