Tag: Bitcoins

Bitcoin’s halving unlikely to affect price in next 18 months, Kaiko says

Bitcoin’s halving won’t spark a lasting bull run over the next 12-18 months, relying on new investors through spot ETFs in the U.S. and in Hong Kong. The highly anticipated fourth Bitcoin halving is expected to have a less significant impact on the cryptocurrency’s trajectory over the next 12-18 months, according to analysts at Kaiko. Contrary to earlier expectations, the decrease in miners’ rewards from 6.25 BTC to 3.125 BTC may not serve as the primary catalyst for Bitcoin‘s growth, according to a recent research report from the Paris-based blockchain…

Bitcoin’s First Post-Halving Adjustment Raises Mining Difficulty to Record High

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Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from 86.39 trillion to a new level of 88.10 trillion. Bitcoin Miners’ Strength Tested as Mining Difficulty Jumps 2% Post-Halving As of block 840,672, which occurred […] Original

Bitcoin’s issuance rate sinks lower than gold’s after fourth halving

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Bitcoin’s fourth halving event has drawn significant attention to its comparison with gold regarding scarcity, as highlighted by Glassnode analysts. According to Glassnode, this event marked a historic moment where Bitcoin’s (BTC) issuance rate fell below that of gold for the first time, emphasizing a pivotal shift in the narrative surrounding the two assets. As reported, the halving event on Saturday reduced block subsidies, with the issuance dropping from 6.25 BTC to 3.125 BTC per block. This translates to an issuance of approximately 450 bitcoin per day, further underlining the…

Controversy Swirls Around Bitcoin’s BIP-420: Push Behind Opcode ‘Isn’t in Good Faith,’ Says Developer

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On Monday evening, Taproot Wizards co-founder Udi Wertheimer unveiled a Bitcoin Improvement Proposal (BIP) that reintroduces the OP_CAT opcode to Bitcoin. This opcode could facilitate more streamlined and efficient decentralized file hosting systems, payment channels, and sophisticated Bitcoin smart contracts by minimizing reliance on intricate cryptographic techniques. However, Bitcoin developer Luke Dashjr has labeled the […] Original

Will Bitcoin’s New BIP Editors Streamline Development?

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“One of the big frustrations is that Luke would comment, like, hey, you need to fix this thing, and the author will fix it in like a few hours. But then we wouldn’t see Luke again on that PR [pull request] for another month or two. Which is really frustrating because like, well, I did exactly what you wanted me to do,” Chow, who has at least four open BIPs, explained. Original

Altcoin season approaching? Insights from experts amid Bitcoin’s halving aftermath

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Can altcoins rebound? Analyzing expert predictions and key indicators following Bitcoin’s recent halving. In the wake of Bitcoin’s (BTC) recent halving event, the crypto market has been anything but predictable.  While many anticipated a surge in Bitcoin’s value, the reality has been a bit more subdued. In fact, the market remains relatively flat, lingering below the record-breaking highs witnessed in March 2024. Throughout this period of anticipation and adjustment, altcoins have taken a hit.  Investors seemed to have favored Bitcoin over its alternatives, causing a noticeable bleed in the altcoin…

Bitcoin’s post-halving behavior: trends and analysis

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Will Bitcoin’s price rally in the aftermath of the halving, or are there factors that could potentially impede its upward momentum? The much-anticipated event, the fourth Bitcoin (BTC) halving, has finally taken place, marking a new milestone in BTC’s journey.  A halving event occurs approximately every four years, resulting in a 50% reduction in the number of Bitcoins awarded to miners for validating transactions.  With this recent halving, the reward has reduced from 6.25 BTC to 3.125 BTC per block. Following this latest halving, Bitcoin is trading relatively flat. As…

Bitcoin’s Post-Halving Supply to Be 5x Lower Than Demand, Bitfinex Estimates

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“With the daily issuance rate declining post-halving, we estimate that the new supply added to the market (new BTC mined) would amount to approximately $40-$50 million in USD-notional terms based on issuance trends. It is expected that this could possibly drop over time to $30 million per day, including active and dormant supply as well as miner selling, especially as smaller miner operations are forced to shut down shop,” analysts at Bitfinex said in a report shared with CoinDesk. Original