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Search Results for: halving

Can Cardano and 1000x Token O2T Hit an ATH Before BTC Halving?

The cryptocurrency market is rife with speculation as investors and enthusiasts alike ponder the potential for Cardano (ADA) and the promising 1000x token, Option2Trade (O2T), to reach new all-time highs (ATH) before the forthcoming Bitcoin halving. The anticipation of this event has historically stirred significant market activity, often resulting in

April 5, 2024 4 mins read

Bitcoin Reserves on Crypto Exchanges Hit Record Lows Ahead of Halving

Bitcoin reserves held by crypto exchanges have hit record lows, according to data from CryptoQuant that goes all the way back to the beginning of 2021. Over the previous month, leading cryptocurrency exchanges have seen withdrawals totaling over 90,700 bitcoin, according to statistics compiled by CryptoQuant. Investors are removing their

April 5, 2024 2 mins read

Is Ethereum (ETH) Price Volatility Subsiding Before Bitcoin Halving?

Ethereum (ETH), the world’s second dominantly valued cryptocurrency, fumbles down to its lowest point of $3,202 in a fortnight. At the moment, the question, “Will ETH slide further to $3K?” still hangs in the air. As per the price chart, ETH/USDT is trapped in a downtrend with a bearish MA

April 3, 2024 2 mins read

Bitfarms Buys 87,796 New Miners Ahead of Bitcoin Halving

In order to increase output and efficiency in preparation for the halving event, Bitcoin miner Bitfarms has purchased 87,796 miners. Bitfarms revealed their ambitions to expand their farm in the future, acquire more miners, and increase their capacity this year in a social media post on X on April 2.

April 3, 2024 1 min read

Halving Hype: Bitcoin Mining Revenue Hits $2B, What’s Next?

In March 2024, the Bitcoin mining industry witnessed remarkable growth as cryptocurrency prices surged to new ATHs, propelling mining profitability to new heights. According to recent data, bitcoin miners generated a staggering $2.01 billion in revenue from rewards and transfer fees, marking a significant milestone in the network’s history. Of

April 2, 2024 1 min read

Few Weeks to Bitcoin’s 2024 Halving Event: Watch These 3 Altcoins Set to Go Parabolic Post-Halving: Ethereum (ETH), Solana (SOL), and Retik Finance (RETIK)

With just five weeks remaining until Bitcoin’s highly anticipated halving event on April 20th, 2024, investors are eagerly eyeing alternative cryptocurrencies poised for significant growth. Ethereum (ETH), Solana (SOL), and Retik Finance (RETIK) have emerged as top contenders expected to go parabolic post-halving, offering investors lucrative opportunities in the evolving

March 25, 2024 4 mins read

JPMorgan Warns of Bitcoin’s Overbought Status Ahead of Halving

This past week, Bitcoin’s inherent volatility was on full display, thrusting it back into the spotlight. With all the ups and downs, Bitcoin’s price dropped 9% in the last week. At the time of writing, it is trading at $65,472. Despite Bitcoin’s slight recovery this week, the biggest cryptocurrency by

March 22, 2024 2 mins read

Bitcoin Mining Revenue Peaks Ahead of Halving as BTC Price Soars 

With the value of Bitcoin continuing to soar over the weekend, mining revenue for BTC reached an all-time high. On March 9, the seven-day moving average of miner profits reached $68.28 million, according to statistics from The Block. This surpassed the previous record of $67.15 million, set in May 2021.

March 12, 2024 1 min read