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Halving Event

All articles tagged with #halving event

cryptocurrency1 year ago

Bitcoin's Volatile Ride: Dipping Below $60K Before Halving Event

Bitcoin's price dropped below $60,000 ahead of its upcoming "halving" event, causing nervousness among investors. The halving, scheduled for April 19, will cut the current mining rate, potentially impacting the cryptocurrency's price. While historical data suggests that halving events have led to price increases, there are concerns about the current macroeconomic conditions and Bitcoin's recent volatility. Despite short-term uncertainties, some experts remain optimistic about Bitcoin's long-term performance.

via Quartz|
#bitcoin#cryptocurrency#halving-event
cryptocurrency1 year ago

"Bitcoin's Halving Sparks Speculation and Frenzy Among Crypto Miners"

Bitcoin is experiencing volatility as the "halving" event approaches, with its price fluctuating and other cryptocurrencies like Ether, Solana, and Doge also seeing declines. The halving, set for around April 19, will reduce the mining rate, potentially impacting Bitcoin's price. Additionally, Bitcoin ETFs are facing outflows, contributing to the market's uncertainty.

via Quartz|
#bitcoin#bitcoin-etfs#cryptocurrency
cryptocurrency1 year ago

"Bitcoin's Halving Trend Points to Potential Surge to $450,000, Analyst Predicts"

Bitcoin's halving event is expected to occur this week, with analysts predicting a potential surge in price to as high as $450,000 based on previous cycles. However, global instability, such as tensions between Israel and Iran, may hinder a bull run. The halving will reduce miners' rewards and theoretically increase the coin's value. Despite some analysts' assumptions that the halving won't impact Bitcoin's price this time, others argue that the event's effects are not fully priced in.

via DLNews|
#bitcoin#cryptocurrency#cryptocurrency-market
cryptocurrency-market-analysis1 year ago

"Bitcoin Halving: Navigating the Path to Parabolic Breakout Amid Institutional Influence"

Bitcoin experienced a sudden drop to $65,000 amid a short-term market sell-off, encountering resistance at $68,000 just before the halving event. Analyst Rekt Capital identified three stages related to the halving that can help investors maximize profits: the pre-halving retrace, re-accumulation phase, and parabolic uptrend. The pre-halving retrace, already occurred, was a final bargain-buying opportunity. Bitcoin is now in the re-accumulation phase, characterized by sideways movement, setting the stage for future growth. Once Bitcoin breaks out from this phase, it is expected to embark on an accelerated growth trajectory. The timeframe for this cycle could be shorter than historical patterns, potentially influenced by factors such as the recent all-time high and the impact of the US-launched ETF.

via Finbold - Finance in Bold|
#bitcoin#btc#cryptocurrency
cryptocurrency1 year ago

"Bitcoin Halving: Miners Strategize as Difficulty Hits All-Time High"

Bitcoin's mining difficulty has reached an all-time high just over a week before the upcoming halving event, indicating increased network security. The event will reduce miner rewards, leading to greater scarcity of coins and requiring more efficient mining operations. The current price of Bitcoin is just above $70,000 per coin, and the heightened difficulty is seen as a positive sign for the network's strength as more users join.

via Decrypt|
#bitcoin#cryptocurrency#halving-event
cryptocurrency1 year ago

"Bitcoin Halving Sparks Record Mining Difficulty and Investor Interest"

Bitcoin mining difficulty reached a new all-time high of 86.4 trillion in the final adjustment before the upcoming halving event, causing miners to increase their hash rate. The halving, set to occur on April 20, will reduce block subsidy rewards from 6.25 BTC to 3.125 BTC. The total network hash rate has also hit an all-time high, and Bitcoin's price is currently at $70,647, up 67% year-to-date. The halving events will continue until the last bitcoin is expected to be mined around the year 2140, after which miners will only earn from transaction fees.

via The Block|
#bitcoin#cryptocurrency#halving-event
cryptocurrency1 year ago

"Maximizing Gains: Navigating Bitcoin Halving with Alternative Cryptocurrencies"

Traders are anticipating potential gains for ecosystem tokens such as STX, RUNE, and ORDI following Bitcoin's upcoming halving event, which historically precedes a bull market for the token. The halving reduces the rate of new coin creation, leading to a decrease in available supply. With a shift in money narratives, traders may focus on the Bitcoin ecosystem, potentially benefiting tokens like $RUNE, $STX, and $ORDI. Additionally, the upcoming Runes protocol and the surge in interest in Ordinals suggest a growing enthusiasm for Bitcoin-based projects and meme coins within the cryptocurrency market.

via CoinDesk|
#bitcoin#cryptocurrency#ecosystem-tokens
cryptocurrency1 year ago

"Anticipating the Impact: Bitcoin Halving and Institutional Involvement"

The highly-anticipated Bitcoin halving event is just days away, expected to occur between April 18 and April 21, which will cut mining rewards to 3.125 bitcoin per block. Historically, the price of Bitcoin has risen after halving events as the creation of new bitcoins slows. However, the event may lead to a shakeout among Bitcoin miners as profit margins narrow, with some miners disconnecting due to increased costs. Additionally, the launch of spot Bitcoin ETFs in January has democratized access to Bitcoin, leading to significant fund inflows, while Bitcoin mining stocks have seen mixed performance in 2024.

via Investor's Business Daily|
#bitcoin#cryptocurrency#etfs
cryptocurrency1 year ago

Bitcoin Options Traders Eye $100K Cash-In as Analysts Predict $150K Top

Bitcoin's price surge and increased volatility have led to a surge in bullish sentiment, with traders showing confidence in the cryptocurrency's potential to reach or surpass the $100,000 mark through significant block trades of call options. The anticipation of the upcoming halving event further fuels optimism, as Bitcoin's price surpasses $71,000 and sees substantial inflows into spot Bitcoin ETFs, indicating growing interest in the digital asset as an investment avenue.

via Bitcoinist|
#bitcoin#bullish-sentiment#cryptocurrency
cryptocurrency1 year ago

Bitcoin Price Predictions: Experts Forecast Doubling to $170,000

A crypto analyst predicts that Bitcoin's price will double to almost $140,000 by July 2024 based on a rare technical pattern observed in BTC's price movements. The upcoming Bitcoin halving event in April 2024 is generating optimism about a potential increase in the cryptocurrency's value due to a reduction in the rate at which new coins are created. The market's current elevated performance is expected to continue leading up to the halving event, but selling pressures could arise if Bitcoin reaches certain price targets, potentially resulting in significant liquidations across derivatives exchanges.

via Bitcoinist|
#bitcoin#cryptocurrency#halving-event
cryptocurrency1 year ago

Bitcoin's Impending Bull Run: New ATH on the Horizon

Bitcoin is eyeing the $70,000 mark again after a brief correction, with market sentiment indicating a continuing bull run and potential record high, especially with the upcoming halving event. TradingShot suggests that Bitcoin is poised for an unprecedented surge, possibly signaling the onset of its most aggressive bull cycle to date, with the golden ratio indicating at least another 500 days of bullish momentum ahead. Additionally, potential bullish catalysts include BlackRock's spot Bitcoin ETF and indications of interest rate cuts from the Federal Reserve, while Bitcoin is currently trading at around $68,195 with investor focus on key support levels.

via Finbold - Finance in Bold|
#bitcoin#bull-cycle#cryptocurrency
cryptocurrency1 year ago

Bitcoin Plummets: Volatile Market Reacts to Economic Shifts

Bitcoin faces selling pressure as it drops to $65,742 ahead of its upcoming halving event, with analysts expecting a period of correction and consolidation. The broader crypto market also sees losses, with ether, Solana's SOL, and dogecoin registering larger drops. Ethena Labs opens claims for its new governance token, ENA, while Deribit's Dubai-based unit wins a conditional virtual asset provider license, allowing it to operate as a virtual asset exchange for spot and derivatives trading once all conditions are met.

via CoinDesk|
#bitcoin#cryptocurrency#defi
cryptocurrency1 year ago

"Analyzing the Impending End of Bitcoin's Market Cycle with the Halving Event"

As Bitcoin's value surges and the halving event approaches, experts suggest that the traditional four-year market cycle may be disrupted by the entrance of ETFs and institutional investors, potentially leading to a more stable trajectory of growth. The approval of spot bitcoin ETFs in the U.S. and the involvement of major financial institutions like BlackRock have increased Bitcoin's legitimacy and accessibility. This shift, combined with the upcoming halving event and potential political factors, could mark the end of the four-year bull/bear cycle, leading to a more stable market environment and a new era of stability and growth for cryptocurrencies.

via Benzinga|
#bitcoin#cryptocurrency#cryptocurrency-market
cryptocurrency1 year ago

Bitcoin Mining Difficulty Hits All-Time High as Halving Sparks Global Equipment Exodus

The Bitcoin mining difficulty has reached an all-time high as the industry gears up for the upcoming halving event, with the network's hashrate steadily increasing despite recent setbacks. Miners are preparing for a reduction in block rewards, and the resulting supply-demand dynamics are expected to drive up the value of Bitcoin in the long term. Industry experts are making bullish price predictions, with some anticipating a retest of $50,000 and others projecting a potential surge to $300,000 by the end of the year. Meanwhile, well-funded miners are investing in advanced equipment to maintain their competitive edge, while the overall sentiment around the halving event continues to fuel optimism in the market.

via CoinGape|
#bitcoin#btc#cryptocurrency
cryptocurrency1 year ago

Bitcoin's Volatile Ride: From Flash Crash to Overbought Territory

JPMorgan has stated that bitcoin remains overbought despite a recent correction, with spot ETFs experiencing significant outflows in the past week. The bank anticipates that profit-taking in bitcoin could persist into the upcoming halving event, as the cryptocurrency market suffered a sharp correction before rebounding. JPMorgan's analysts highlighted a slowdown in net inflows into spot bitcoin ETFs and suggested that profit-taking is likely to continue, especially given the overbought positioning in the market.

via CoinDesk|
#bitcoin#cryptocurrency#cryptocurrency-markets