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Post ​​Bitcoin Halving Miners See Temporarily Higher Fees: CryptoQuant


Since the fourth Bitcoin halving took place resulting in Bitcoin issuance dropping from 900 to 450 per day miners have seen daily revenue hit a record high of over $100 million, said CryptoQuant the on-chain data analytics firm based in South Korea. The post Post ​​Bitcoin Halving Miners...

Spot Bitcoin exchange traded funds rake in $31.64M


In the US, spot Bitcoin traded funds experienced three continuous days of net inflows, raking $31.64 million. This is as per SosoValue data. This fortunate increase in Bitcoin funds came five days after the outflow, which paved the way for Bitccoin’s activity.  According to the observations made...

The IMF Is “Waking Up” To Bitcoin, Says Bitwise CIO


A new report from the IMF suggests that the global financial body is recognizing Bitcoin as a useful cross-border transfer tool. The post The IMF Is “Waking Up” To Bitcoin, Says Bitwise CIO appeared first on Cryptonews

Bitcoin’s ‘DeFi Summer’ surge mimics Ethereum’s 2020 boom


In a seismic development within the cryptocurrency sphere, Bitcoin is currently basking in what analysts describe as a “DeFi summer” moment, akin to the surge witnessed by Ethereum in 2020. Analysts at Bernstein have highlighted this phenomenon, attributing it to the launch of a...

Michael Sullivan predicts Bitcoin to reach $245,000 in 5 years


In a recent post on X, leading financial expert Michael R Sullivan predicted that Bitcoin’s price would soar to a whopping $245,000 in the next five years. Ten years from now, it will be worth $909,000; by 2039, the value of every coin in circulation will reach an incredible $3.37 million....

Ali Charts shares his opinion on Bitcoin Halving


Bitcoin is rallying above the mark of $66,000 as the article is being drafted. There is speculation that it could go as high as $100k by the end of this year. Alternate speculation suggests that the token could even surpass the mark of $150,000 before entering the next year. Some of it is linked...

Bitcoin breaks $66k resistance, making short-term losses appealing


Bitcoin began its fresh increase around the 64,500 and 65,000 dollar resistance levels. The world’s largest cryptocurrency even pushed past the 66,000-dollar resistance mark. BTC managed to hit its weekly high of 67,200 dollars and is trying to consolidate its gains. Its price is gradually...

Bitcoin rises once again, sets a bullish tone for $100k milestone


The RSI demonstrates that Bitcoin is dancing to the bullish tunes. This is evident because BTC has reclaimed the mark of $66,000. While it happened briefly, it has set the stage for a resistance at $63,800. The formation of the triple-top pattern has further contributed to this factor. Thereby...

Bitcoin fees sink after a record $128 daily average on halving day


Within twenty-four hours of the fourth Bitcoin halving on April 20, the average fees paid on the platform witnessed a substantial drop. According to mempool.space, as of April 21, Bitcoin rates for medium-priority transactions have dropped to an average of $8–$10. According to Crypto Fees, Bitcoin...

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