Michael Saylor, the founder of MicroStrategy, a leading business intelligence company, has indicated that there could be a significant increase in Bitcoin‘s price following the upcoming halving event. He made this suggestion based on how the market responded after the last halving occurred in 2020. He also published a celebratory tweet once the halving finally … Read more
On Friday, US-listed Bitcoin ETFs experienced inflows totaling approximately $60 million, indicating a potential rebound from this week’s outflows. Notable contributors to these inflows include BlackRock (IBIT) and Fidelity (FBTC), as investors remain optimistic following the fourth successful Bitcoin halving event. Spot Bitcoin ETFs Saw $60 Million Inflows On April 20th, as reported by Bloomberg … Read more
Seven-year veteran and notable Coinbase board member, Kathryn Haun, has shocked the market by announcing her resignation. This news, met with surprise from Coinbase’s CEO Brian Armstrong, is causing ripples in the crypto exchange community. Let’s examine their declarations and the potential impact of Haun’s departure on the cryptocurrency trading platform. Kathryn Haun Bids Farewell … Read more
On April 19, 2023, the unpredictable realm of cryptocurrencies was abuzz once more with the significant surge of Bitcoin meme coin PUPS (Ordinals), which saw a nearly 20% increase. This rally can be attributed to a few optimistic occurrences in the BTC community, such as whale activity and the launch of the new Runes protocol … Read more
Bitcoin experienced its fourth reduction of rewards for miners in its blockchain system. The number of Bitcoins received as a reward for mining a new block has been decreased by half (from 6.25 to 3.125 BTC). This event, known as the “Bitcoin halving” or “the halvening,” is engineered to occur approximately every four years, after … Read more
After the Bitcoin halving occurred at block height 840,000, Bitcoin transaction fees experienced a substantial increase. This surge was primarily due to the introduction of the Runes protocol on the Bitcoin network. Consequently, the typical fee for each block reached a peak of approximately 18.62 Bitcoins. Runes Launch Escalates Bitcoin Transaction Fee Right now, the … Read more
The long-awaited Bitcoin halving occurred, reaching a major moment in the cryptosphere. Happening approximately every four years, this event brought about a decrease in the rate at which new Bitcoins are created. Specifically, at 8:10 p.m. New York time, and with a block height of 840,000, mining rewards for each Bitcoin mined were reduced by … Read more
According to on-chain information, this is the current estimated profit for various large Bitcoin holders (whales) and miners. Bitcoin Whale & Miner Profits Compared Across Cohorts Ki Young Ju, the founder and CEO of CryptoQuant, recently shared on X his insights about the aggregate profits that are yet to be realized by different groups in … Read more
On April 19, the anticipated Bitcoin halving took place, leading to a decrease in the production rate of new Bitcoins. This event occurs approximately every four years and reduces mining rewards by half. The change became effective at around 8:10 p.m. New York time, with the block height reaching 840,000 according to data from sources … Read more
On April 20, 2021, there was significant interest among crypto traders and investors in Shiba Inu, a well-known meme cryptocurrency based on dogs. The coin’s weekly burn rate experienced a notable increase, coinciding with the broader crypto market’s recovery following the halving event. This surge in Shiba Inu’s weekly burn rate brought renewed optimism to … Read more