According to data from CryptoQuant CEO Ki Young Ju, the current cost of mining using Antminer S19 XPs will rise from $40,000 to $80,000 after the Bitcoin halving in mid-April. The Bitcoin halving is a milestone event occurring every 210,000 blocks or roughly every four years. The halving event cuts the block reward earned by miners […]
Cryptocurrency
SEC defers decision on Bitwise, Grayscale Bitcoin ETF options
The United States securities regulator has delayed its decision on whether to allow the New York Stock Exchange to offer options trading on spot Bitcoin (BTC) ETFs. According to the April 8 filing, the Securities and Exchange Commission’s pushback will impact options trading on the Bitwise Bitcoin ETF (BITB), the Grayscale Bitcoin Trust (GBTC) and any other trust […]
Bitcoin Halving: Pile Into Cryptos Now for Unparalleled Gains
Back in 2021, from trough to peak, the top cryptos literally turned $5,000 into more than a million dollars, all in less than 12 months. About once every four years, Bitcoin undergoes a halving event, wherein the number of Bitcoin mined per transaction is cut in half. Around 12 months before a halving event, cryptos begin […]
Bitcoin Tops $71K, Ordinals Bets Rise Ahead of Halving
Bitcoin topped $71,000 in Asian trading hours Monday ahead of the reward halving expected on April 20, giving some Ordinal and BRC-20 ecosystem bets a boost even as the broader crypto market remained little changed. BTC rose 2% in the past 24 hours taking it to the highest since April 1, data from CoinGecko shows. […]
Should You Buy Bitcoin Ahead of the Halving?
In previous halving cycles, the price of Bitcoin has soared. Will it happen again this year? One of the most anticipated events of the year — the upcoming Bitcoin (BTC 4.03%) halving — is now just weeks away. For crypto watchers, this event is just as dazzling and awe-inspiring as a total solar eclipse is for stargazers and astronomers. […]
Crypto Stocks Gain as Bitcoin Tops $72K for First Time Since March
U.S. crypto-related stocks looked set to start the week on a positive note after bitcoin (BTC) climbed through $72,000 for the first time since mid-March as its reward halving draws closer. Coinbase (COIN), the only U.S. traded crypto exchange, added 4.9% in pre-market trading, MicroStrategy (MSTR), the largest corporate holder of bitcoin, rose 10% and BlackRock’s bitcoin exchange-traded fund (IBIT), […]
Bitcoin resets bull market BTC price metrics as April dip passes 7%
Bitcoin is resetting multiple key metrics as the BTC price drop flushes out leverage. BTC/USD 1-hour chart. Source: TradingView Bitcoin RSI returns to key support Data from Cointelegraph Markets Pro and TradingView shows BTC/USD currently acting around $66,000 after falling 5% in a single hourly candle. Bitcoin may be down 7% in April, but a retest of support is […]
Spot Bitcoin ETF trading volume tripled in March to $111 billion
Spot Bitcoin exchange-traded funds witnessed a spike in trading volume in March, reaching $111 billion. This was nearly three times the trading volume recorded in February, as Grayscale and BlackRock ETFs dominated the market. According to data shared by Bloomberg ETF analyst Eric Balchunas, spot Bitcoin ETF trading volume hit $111 billion in March, compared to $42.2 […]
Bitcoin tumbles $5,000 in 24 hours as interest rates jump
Bitcoin fell for a second day to start the new month and quarter amid rising Treasury yields and strength in the U.S. dollar. The flagship cryptocurrency fell more than 4.76% on Tuesday to $66,134.00, bringing its two-day loss to 7%, according to Coin Metrics. At one point it fell as low as $64,572.00. On Monday morning, […]
Bitcoin’s Future as Currency
Bitcoin is a global, decentralized currency that is beyond the control or guarantee of any country. Recent months in the Bitcoin ecosystem have been marked by a fever pitch of optimism based on the approval of Bitcoin spot market exchange-traded funds. These ETFs are driving Bitcoin’s adoption into the mainstream through the retirement accounts of […]
