Find out the exciting details behind Bitcoin halving and its impact on the cryptocurrency market!
Bitcoin enthusiasts are gearing up for the highly-anticipated event known as 'halving' - a significant milestone that occurs every four years in the world of cryptocurrency. This event, which reduces the supply of new Bitcoins, has sparked excitement and speculation among investors. With Bitcoin hitting a record high earlier this year, all eyes are on how the halving will turbocharge the cryptocurrency. Analysts predict that while the halving is already priced in, it could still have a notable effect on Bitcoin's price.
As the countdown to the halving continues, bettors are placing their wagers on the future price of Bitcoin. With only 14% predicting Bitcoin to surpass its record high and another bet hinting at a price above $60,000 by the end of the month, the stakes are high. Crypto investors are closely observing previous halving events to gauge how this one might impact the market.
The upcoming Bitcoin halving is expected to not only affect the price of Bitcoin but also potentially lead to a surge in other stocks and tokens. As Bitcoin experiences a 44% increase so far this year, the halving could act as a catalyst for further gains and could present challenges for crypto miners as they navigate the changing landscape.
Despite differing opinions in the crypto community, analysts and experts share their insights on the future of Bitcoin post-halving. Some predict a drop in Bitcoin's price, citing overbought conditions, while others believe that this halving event will follow a similar pattern to previous ones. As the market sentiment shifts and leveraged positions are flushed out, the crypto landscape is poised for potential changes with the approaching halving.
Bitcoin hit a record high in March, fueled partly by investors geeking out over the halving. Dado Ruvic/Reuters/File. Editor's Note: A ...
Bitcoin could soon be turbocharged, thanks to an event that happens every four years.I n broad terms, the halving effectively reduces the supply of new ...
There will not be a kneejerk reaction to the event as most of it is already priced in, some analysts predict.
Only 14% of bettors on Polymarket see Bitcoin surpassing its record. Another bet suggests a 68% chance of Bitcoin above $60000 by month's end.
Apr 18, 2024. With the fourth bitcoin halving just weeks away, crypto investors are looking to previous halvings to consider how it could affect the price.
Bitcoin is up 44% so far this year. Its halving could accelerate this trend and spread the gains to other stocks and tokens. Some crypto miners may face a ...
The bank's analysis of open interest in bitcoin futures shows that the cryptocurrency is still considered overbought.
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 ...
Analytics firm Santiment's social-media metrics suggest the crypto crowd is beginning to lean bearish.
Bitcoin's recent drop to $61000 has flushed out leveraged positions in the market, leading to a significant decline in the total value of futures contracts ...
The Bitcoin halving of 2024 is set to fundamentally transform the mining industry, challenging profitability and prompting a strategic reevaluation of ...
Investing.com-- Bitcoin price fell on Thursday, extending recent declines as cryptocurrency markets saw little relief in the face of higher-for-longer U.S. ...
and other cryptocurrencies fell Thursday, weakening further since a selloff that rocked digital assets and stocks alike a week ago. Traders are bracing for ...
An electronic signboard shows the Bitcoin price at the Bithumb customer center in southern Seoul on Thursday. The price of Bitcoin fell below the $60000 ...
During the past decade, the S&P 500 and the Nasdaq Composite Index have returned 231% and 335%, respectively, including dividends (as of April 15).
Just hours away from the much-anticipated bitcoin halving set for April 19, it's fair to say that the asset has been on a roll lately despite some ...
and other cryptocurrencies fell Thursday, weakening further since a selloff that rocked digital assets and stocks alike a week ago. Traders are bracing for ...
JPMorgan CEO Jamie Dimon just launched another scathing attack on the biggest crypto and said bitcoin cannot serve as a currency.
The role of halving events in Bitcoin's scarcity mechanism and inflation control · The Bitcoin money supply equation · The math behind the Bitcoin halving · How to ...
However, this sentiment could ironically suggest an impending bullish trend. Enthusiasm Goes Down. The latest cryptocurrency market correction, which saw ...
Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into circulation will cause the price of the cryptocurrency to ...
With just a day or so to go, JPMorgan Chase & Co and Deutsche Bank AG say that the once-every-four-years Bitcoin software update called the “halving” that ...
Most apparent is profit-taking by long-term holders. Data from the blockchain analytics platform Glassnode shows that after Bitcoin surged to its all-time high ...
Bitcoin's next halving event is expected to take place Friday or Saturday. The event will halve the current bitcoin block subsidy from 6.25 to 3.125 bitcoin ...
Dogecoin, Ether and other cryptocurrencies investors should keep an eye on as the mining reward for Bitcoin gets cut in half.
Institutions launching bitcoin ETFs this year have buoyed the bitcoin price to record levels. Does that mean the impact of the halving — the four-year ...
Northeastern professor of international business and strategy Ravi Sarathy breaks down what the quadrennial “halving” event means for crypto enthusiasts, ...
Iran's first strike on Israel pushed down crypto and risk assets, while leading to a spike in gold.
(Bloomberg) -- Bitcoin sank as part of a wider retreat in cryptocurrencies amid a wave of caution across global markets sparked by Middle East tension.
Cryptocurrencies fell heavily and bitcoin broke below $60000 on Friday in a rush out of risky assets following reports of an Israeli missile strike on Iran.
Sometime in the next few days or even hours, the “miners” who chisel bitcoins out of complex mathematics are going to take a 50% pay cut — effectively ...
Bitcoin fell below its critical $60000 support level for a brief moment on Thursday amid reports of escalating conflict in the Middle East.