In the next few days, the Bitcoin (BTC) blockchain is predicted to undergo halving. Some experts believe this could impact Bitcoin’s role as a valuable asset. Around April 19, 2021, approximately 630 more Bitcoin blocks needed to be mined before the halving event took place. This significant occurrence in the cryptocurrency world happened when only … Read more
Bitcoin’s pre-halving volatility questioned post-Hong Kong’s ETF approval, drawing mixed sentiments. Historical data indicates post-halving price surges. During a week when cryptocurrencies experienced substantial drops of over 10%, the announcement of Bitcoin ETF approval in Hong Kong brought renewed optimism to BTC investors. Based on estimates, introducing Bitcoin ETFs might bring about a $25 billion … Read more
Bitcoin (BTC) threatened new local lows on April 16 as large-volume investors held off on selling. BTC price suffers “clear pessimism” During the Asian trading hours, data from CryptoMoon Markets Pro and TradingView indicated two new drops in price, each falling below the $62,000 mark. Anxious markets for risk assets dominated the trading day, causing … Read more
In about nine months, the amount of Bitcoin available on cryptocurrency exchanges is expected to significantly decrease due to this week’s Bitcoin halving event, which reduces the issuance of new Bitcoins by half. If US Bitcoin exchange-traded funds (ETFs) maintain their inflows, Bitcoin’s post-halving supply situation may result in Bitcoin (BTC) reserves being depleted from … Read more
In 2022, the value of cryptocurrencies plummeted by over 70%, marking a significant downturn for the market. This slide occurred amidst a wave of negative global attention towards the industry. Notable events included the bankruptcy of FTX and the imprisonment of Sam Bankman-Fried, as well as the $50 billion crash of Terra Luna’s ecosystem. Inflation … Read more
A $5 billion difference between XRP and USDC could make it difficult for the token to rise back to 6th. Though the exchange outflow was way more than the inflow, the price might see another red. Within a span of two days, the trading activity for XRP decreased dramatically, dropping from a volume of approximately … Read more