Day: April 22, 2024

How the Bitcoin Halving Will Drive Action to Layer 2s

boss

The launch of Runes, a new protocol that enables the creation of meme coins on Bitcoin, coincided with the halving. Already hundreds of tokens have launched, contributing over $80 million in fees to bitcoin miners. This increased trading activity has also driven up the costs associated with sending a transaction on Bitcoin, with the current average price over $70, an increase of 1,395.8% over the trailing 30 day average, according to TokenTerminal. Original

Shiba Inu Whales Move Over 3.19 Trillion SHIB, Where Are They Headed?

boss

Shiba Inu has constantly managed to trade above $0.000021 last week amidst an ongoing tussle between the bulls and bears. On-chain data has indicated some serious whale movements during this period, with trillions of SHIB shuffled in and out of exchanges.  The price of SHIB went through a decline earlier in the week from an extended selloff in the previous week. As the week progressed, things started to change into bullish action during the weekend up until a resistance just below $0.000028. Interestingly, on-chain transaction data from whales shows the…

New York Stock Exchange Considers 24-Hour Trading, Partially Prompted by Crypto: Report

boss

The largest stock exchange in the world is reportedly gauging interest in becoming an around-the-clock operation. According to the Financial Times, the New York Stock Exchange’s (NYSE) analytics team is surveying interest in after-hours trading. FT says the interest is largely driven by the 24/7 world of crypto trading, which saw huge increases in retail investors during the 2020 pandemic. The NYSE evolving into an overnight trading option would represent a huge change for the world’s leading exchange. According to Georgetown University finance professor James Angel, the viability of the change…

Market Expert Predicts New Paradigm For Bitcoin: ‘Days Under $100,000 Numbered’

boss

As the Bitcoin (BTC) Halving event concluded for the fourth time, the cryptocurrency market witnessed notable changes in key metrics.  These developments have led Charles Edwards, a market expert and founder of Capriole Invest, to issue bold predictions that hint at a paradigm shift in the BTC market.  Bitcoin Trading At ‘Deep Discount’ One of the key metrics highlighted by Edwards is the staggering electrical cost associated with mining a single Bitcoin. Edwards reveals that this cost has now reached an astonishing $77,4000. This figure represents the raw electricity expenses…

Standard Chartered doubles down on $150k Bitcoin prediction

boss

Geoff Kendrick, head of digital assets research at Standard Chartered, is still optimistic about Bitcoin, with his firm setting a year-end price target of $150,000. According to Business Insider, “Bitcoin’s price could still more than double this year,” said Kendrick. Speaking on BNN Bloomberg, Kendrick pointed out that Bitcoin (BTC) has recently faced a downturn, sliding 11% from its peak at about $73,000 in March. He noted that “this pullback stems primarily from slowing inflows into Bitcoin ETFs and rising tensions in the Middle East,” which have temporarily overshadowed the…

Analyst Thinks Dream Milestone Could Be Hit In Coming Weeks

boss

An analyst has explained how a pattern forming in the Dogecoin price may suggest a rally to $1, if historical trend repeats this time as well. Dogecoin 1-Week Price Appears To Be Forming A Classic Pattern In a new post on X, analyst Ali has discussed how DOGE seems to have been showing a classic pattern in its weekly price once again. This trend involves a technical analysis (TA) pattern called the “Descending Triangle,” which, as its name suggests, is shaped like a triangle. The pattern involves two trendlines between…

Unstoppable Domains x Bitcoin․com Halving Campaign With .Bitcoin Domains

boss

In celebration of the Bitcoin halving event, Unstoppable Domains partners with Bitcoin.com to offer personalized .bitcoin domain names, enhancing user experience with simplified cryptocurrency transactions within the Bitcoin.com Wallet app. Unstoppable Domains, a leading provider of blockchain-based domain names, together with Bitcoin.com, makers of the prominent Bitcoin.com Wallet App and Bitcoin.com News site, are thrilled […] Original

Bitcoin gas fees drop almost 10x after halving

boss

The cost of sending transactions on Bitcoin declined nearly 10 times after an initial spike following the BTC halving last week.  Days after the Bitcoin (BTC) halving, on-chain analytics provider Mempool.space reported BTC gas fees of around $9.51 for low-priority transactions and $10.07 for medium-priority actions on crypto’s largest decentralized network.   High-priority transactions cost as much as $10.44 per data seen at press time. The figures represented a massive drop compared to fees after last week’s halving. At the time, participants had to pay more than $146 for medium-priority transactions…