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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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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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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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Rising Halving Expectations Cause Bitcoin Transaction Fees to Surpass Ethereum’s
For the past four days, fees paid by users on Bitcoin have exceeded those on Ethereum, according to data from Cryptofees, a data analytics platform. This surge in Bitcoin transaction fees has been associated with the growing anticipation surrounding the upcoming halving event and the Runes upgrade. Bitcoin Fees Surpasses Ethereum for 4 Consecutive Days…
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Bitcoin Traders Decrease Risks Before Halving: CryptoQuant
Bitcoin’s drop to $61,000 during the weekend was a result of traders reducing their exposure to the digital asset ahead of the halving scheduled for April 20, as per the latest CryptoQuant weekly report. Analysts noted that traders closed their long positions to lock in profits, leading to a dominance of sell orders over buy…
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Bitwise CIO Explains Why Pricing in The Halving is Impossible
With the Bitcoin (BTC) halving only hours away, analysts are at odds over whether the one-in-four-years event is already “priced in” to the crypto market. According to Bitwise CIO Matt Hougan, the answer is yes – but it comes with some important nuance. The Bitcoin Halving And Efficient Markets In a Twitter thread posted on…
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Details on the Completion of Bitcoin’s Fourth Halving
Bitcoin’s fourth halving, a highly anticipated event occurring every four years in the cryptocurrency realm, has finally occurred. This event, reducing the Bitcoin block reward from 6.25 BTC to 3.125 BTC, marks a crucial moment in the industry. As a result, the daily issuance of Bitcoin has been slashed in half, now standing at around…