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Stocks of Bitcoin mining companies decrease before halving event, but miners still hopeful
Bitcoin miners are experiencing a significant drop in stock prices as the upcoming halving is slated for later this week. The fourth Bitcoin halving, around April 20, will slash mining rewards by half to 3.125 BTC, currently valued at approximately $200,000. Bitcoin Miner Stocks Decline The stock prices of Marathon Digital (MARA) and Riot Blockchain (RIOT),…
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Bitcoin Likely to Begin Extended Re-Accumulation Phase after 18% Pullback
Bitcoin has now retreated 18% from its all-time high of $73,737 on March 14, tapping $60,000 during late trading on April 17. Corrections are a healthy part of market cycles, however, and analysts agree that this one may not be over yet despite the halving being just a couple of days away. On April 17,…
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Significant Updates on Ripple vs SEC Case, Bitcoin Price Decline, and More: Overview of Bits News on April 18
TL;DR Bitcoin (BTC) reached a record high of around $73,800 and then experienced a sharp correction to nearly $60,000. The upcoming halving on April 19 could trigger a bull run. Ripple is preparing for a trial against the US SEC on April 23, generating significant attention as updates are expected soon. Despite a recent 22%…
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Top Altcoins Suffer Biggest Losses as Bitcoin (BTC) Falls Below $60K (Market Analysis)
Bitcoin’s price took another sharp turn for the worse yesterday when it dropped below $60,000 for the first time in well over a month. Most altcoins are also deep in the red today, with names such as SOL, DOGE, and TON dumping by more than 5-6%. BTC’s Latest Nosedive It was less than a week…
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This Bitcoin Halving Will be No Different: PlanB
Contrary to the general belief circulating in the crypto community, Bitcoin Stock-to-Flow (S2F) model creator and analyst PlanB thinks this halving will not be different from previous events. According to a tweet, PlanB insists that Bitcoin’s price increases will again be around the halving. This Halving Will Not be Different Over the past weeks, several…
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$1.72 Billion Worth of Bitcoin Transferred to Accumulation Addresses Following Drop Below $63,000: Data
A recurring pattern that has been observed during each Bitcoin halving is volatility. With the following event right around the corner, Bitcoin dumped over 10% in the past week, sliding to $62,778. But despite a series of price corrections, the accumulation game remains strong among Bitcoin holders. Accumulation Addresses See Record Bitcoin Inflows Popular crypto…
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Is Bitcoin Still Bullish? Key Indicators Change as Prices Decline
TL;DR Recent market corrections have led to a decrease in enthusiasm among traders, with discussions shifting from a “bull market” to a “bear market” mindset. However, this sentiment could ironically suggest an impending bullish trend.
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Bearish Warning Issued by JPMorgan and Goldman Sachs Ahead of Bitcoin Halving
Two of America’s largest banks are urging crypto investors to remain cautious around the upcoming Bitcoin halving, which analysts believe may not play out much like prior cycles. In a Wednesday report, JPMorgan predicted that Bitcoin’s price will not rise following the event, and is more likely to resume declines that began earlier this month.…
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‘Bitcoin Halving’ Google Searches Hit All-Time High
Public interest in the ‘Bitcoin halving’ is gaining steam as Google searches for the term have now risen to their highest level in history. According to Google Trends data, interest in the term began steadily ramping up at the start of 2024. Beginning with a score of 9 in January, interest in the “bitcoin halving’…
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Bitcoin Price Drops Below $60,000 Following Reports of Explosions in Iran
The price of Bitcoin (BTC) fell back below $60K on Friday following reports of explosions occurring close to the airport in Isfahan, a city in Iran. SPECIAL OFFER (Sponsored) LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!