In the run-up to the pivotal halving, Bitcoin miners had hoped for a rapid mining rate. Bitcoin miners have reportedly hit a new monthly energy consumption peak, according to a Bloomberg article. Bitcoin prices have remained high and skyrocketed due to the supply shock and the simultaneous increase in the
With analysts predicting the possibility of a new all-time high before the 2024 halving event, investors are turning their attention to potential altcoin beneficiaries. Among these, Retik Finance and Shiba Inu have emerged as prominent contenders poised to benefit from Bitcoin’s bullish momentum. Retik Finance, a decentralized finance (DeFi) ecosystem,
2024 has kicked off with an electrifying surge, sending shockwaves through the market. Bitcoin, the largest cryptocurrency by market capital, hours ago smashed through its new all-time high, soaring to an impressive $69,170.63, much to the delight of investors worldwide. However, amidst the bull run, it’s the uprising of memecoins
Cryptovsummit, an event organized by DoubleMorgan and led by its founder Mena Botros, has become a cornerstone in the crypto industry, particularly in the Dubai region. With a successful track record of five years, this annual event has consistently drawn investors, fostering crucial long-term business relationships. The upcoming edition on
Bitcoin is expected to undergo its fourth halving in April 2024, which will reduce the block reward from 6.25 BTC to 3.125 BTC, making new coins scarcer and more valuable. Amidst this, JPMorgan said that its upcoming halving in April 2024 is already factored into its price, and that a
The complexity of solving the mathematical equation connected with a block, which is a measure of Bitcoin’s mining difficulty, surpassed 80 trillion on Friday. With the mining difficulty hitting 81.73 trillion, the network hash rate—which measures the total processing power allocated by miners—rose to 562.81 EH/s, a new all-time high,
A lively debate has emerged around whether Cardano can reach $1 before Bitcoin’s upcoming halving event in April 2024. While Bitcoin recently surged to over $52k, Cardano has lagged behind, fueling discussions around the altcoin’s potential. Bitcoin Halving History Points to Price Rallies Bitcoin halving events, which occur about every
In about two months, in the middle of April 2024, Bitcoin will see a significant update that will halve the reward given to miners for successfully completing a block. The occurrence, which is often referred to as a “halving,” is generally seen as positive for Bitcoin’s value because of the
In cryptocurrency investments, predicting trends and identifying potential winners is both an art and a science. As the market continues to mature, seasoned analysts emerge as guiding lights, offering insights that can shape investment strategies and pave the way for significant gains. One such analyst, renowned for their accurate calls
Bitcoin, the pioneer of cryptocurrencies, has experienced its fair share of highs and lows since its inception in 2009. From its record-breaking all-time high of $69,000 in November 2021 to its dip to $22,700 in January 2023 and the retracing to above $40,000 in 2024, Bitcoin’s journey has been a
