“The boost from Runes proves short-lived, however, with users’ activity and fees dropping dramatically over the past week or two,” the authors wrote, noting that “this highlights the ongoing challenge faced by bitcoin miners to maintain a sustainable source of revenue in particular in the post halving environment.” Source
The post-halving world of Bitcoin continues to throw curveballs. After a hashrate surge to celebrate the block reward reduction in April, Bitcoin’s computational power has taken a nosedive, dropping 20% in recent weeks. Related Reading This unexpected decline has ignited a debate among analysts, with some sniffing out a fire sale and others urging caution. Source: BitInfoCharts Bitcoin: Hashrate Hiccup Or Miner Exodus? Hashrate, a measure of the combined processing power dedicated to securing the Bitcoin network, typically climbs after a halving event as miners invest in more powerful rigs…
Bitcoin recorded one of its best trading days in nearly two months, galvanizing market sentiment and capital deployments. According to CoinMarketCap, six cryptocurrencies posted double-digit price gains as Bitcoin (BTC) zoomed past $66,000 in the last 24 hours and grew over 6% on May 15. At press time, data showed that Fantom (FTM), Sei (SEI), Immutable (IMX), Core (CORE), THORChain (RUNE), and Sui (SUI) each boasted increases of more than 10% in token price. May 16 top gainers | Source: CoinMarketCap QCP Capital: Bullish Bitcoin signs afoot Following Bitcoin’s break…
Coinbase has added a new Solana (SOL)-based decentralized exchange (DEX) altcoin to its listing roadmap. On Tuesday, the top US crypto exchange put Drift Protocol (DRIFT) on the path towards being tradeable on its platform in the future. Drift is an open-source DEX that enables transparent and non-custodial trading. Explains the project, “Drift was designed with a goal to be capital-efficient but also protective of your assets. We achieved that by setting up sophisticated cross-margined risk engine – a system of tools with an extensive protection from over-extending risk. For…
U.S. spot bitcoin exchange-traded funds (ETFs) performed well on Wednesday, completing a three-day streak of inflows and accumulating $303 million in gains on May 15. Data indicates Blackrock’s IBIT inflows have been minimal, recording zero inflows over the past few trading sessions. In contrast, Grayscale’s Bitcoin Trust (GBTC) saw inflows of approximately $27 million during […] Source BitcoincryptoexchangeExchanges CryptoX Portal
“Behind the scenes, I think a lot of investment committees at these bigger institutions are working through getting approvals for allocating funds to bitcoin. This sort of approval process doesn’t happen overnight, however, meaning that it will take months and possibly years for this sort of institutional adoption of bitcoin to fully play out, but it’s clearly happening,” said Stephanie Vaughan, chief operating officer at Seven Seas Capital. Original
Bitcoin recently rose above $66,000 for the first time since April. This recent price rally from the flagship crypto is believed to be due to several factors, including the recently released inflation data. Inflation Data Comes In Lower Than Expectations The Consumer Price Index (CPI) inflation data was announced on May 15 and came in lower than expected. The CPI rose by 0.3% in April, against forecasts of 0.4%. The CPI data was also lower than those recorded in March and February, when inflation rose by 0.4%. Related Reading Therefore,…
The miner’s bitcoin stash is a protective feature for investors and opportunistic capital for the business to use for growth, the report said. Original
On May 15, Thomas Massie, a Republican member of the United States House of Representatives, posted on X, inquiring whether he should introduce legislation to abolish the U.S. Federal Reserve. The poll garnered over 115,000 votes, with a significant 86% majority opting to “end the Fed.” Rep. Thomas Massie Questions Introducing Bill to Abolish U.S. […] Source CryptoX Portal
Notcoin, a gaming token that has more than 35 million users, has began trading at a $TKTK fully diluted value (FDV), according to TradingView. Source