The Clock Has Ticked on Bitcoin’s Post Halving Surge, 100 Days After the Latest Quadrennial Halving
July 29 marks the 100th day since the Bitcoin blockchain cut per block mining rewards to 3.125 BTC from 6.25 BTC.
Binary trading platforms with better performance and payouts
Halving
July 29 marks the 100th day since the Bitcoin blockchain cut per block mining rewards to 3.125 BTC from 6.25 BTC.
Following the recent Bitcoin (BTC) halving, the cryptocurrency landscape is focused on the asset’s future price trajectory. As Bitcoin struggles … Continue reading
The post Bitcoin in ‘post-halving danger zone’; Here’s what it means for BTC appeared first on Finbold.
An “epic sat,” mined from the fourth Bitcoin (BTC) halving block, fetched an impressive $2.1 million at a recent auction … Continue reading
The post ‘Epic Sat’: Bitcoin halving’s rare BTC unit sells for $2.1 million appeared first on Finbold.
The spike in network fees was driven by speculative activity to mint new meme tokens following the launch of the Runes protocol, the report said.
The Bitcoin “halving” was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor’s Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees.
Soccer has the World Cup. Athletics and many other sports have the Olympics. Crypto has the halving. The milestone in the blockchain’s 15-year history technically means a cut in rewards for crypto miners with each block – a feature designed to minimize inflation.
Bearish signals are looming over the crypto market these days and will almost certainly push prices down in the short term, well-known research analyst Markus Thielen said.
Crypto prices are likely to stay high in anticipation of spot ether ETF approvals, central bank rate cuts, and regulatory changes, the report said.
BTC dominance is creeping upwards as Layer-1s and Artificial Intelligence tokens had a rough week, while Google search interest in the halving skyrockets.
“There exists a large, untapped pool of capital within the Bitcoin ecosystem that remains dormant,” Wintermute’s OTC desk told CoinDesk.