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EXCLUSIVE: Runes Could Transform Our Understanding Of Bitcoin, Experts Tell Benzinga
Thursday, May 2, 2024 - 4:48am | 984With the unveiling of the Runes protocol, Bitcoin (CRYPTO: BTC) is set to make a landmark progression in its technological capabilities, particularly in fungible token issuance. This innovative protocol, created by Casey Rodarmor, is strategically launching in conjunction with the recently...
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5 Things To Know In Investing This Week: The Halving Issue
Wednesday, April 24, 2024 - 10:45am | 2633This was an exciting week for Bitcoin (CRYPTO: BTC) holders and hodlers as the fourth-ever halving took place on Friday. The American consumer got back to work spending ever more on goods and services. Some of that was inflation and some was more consumption. That same consumer is a bit...
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Bitcoin Vs. Gold: Hedge Funder Mark Yusko Challenges Peter Schiff To $1M Charity Bet To Settle 'Bitcoin Vs. BoomerRocks'
Tuesday, April 23, 2024 - 11:03am | 802Bitcoin (CRYPTO: BTC) bull and Morgan Creek Capital CEO Mark Yusko is putting his money where his mouth is with a challenge proposed to one of the most notorious Bitcoin bears. What Happened: Gold bull and Bitcoin skeptic Peter Schiff took to X, formerly known as Twitter, on April 19 — after...
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Bitcoin's Demand Set To Outpace Supply By Fivefold After Recent Halving: Bitfinex Analysis
Tuesday, April 23, 2024 - 10:26am | 664Bitcoin’s (CRYPTO: BTC) recent halving event could lead to a scenario where demand for the cryptocurrency surpasses its supply by up to five times, as per a fresh analysis by Bitfinex. What Happened: Bitfinex’s analysts have suggested that the halving of Bitcoin’s mining rewards...
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Spot Bitcoin ETFs Register $35M Net Inflow On First Post-Halving Trading Day
Tuesday, April 23, 2024 - 5:48am | 603Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) continued to attract investor interest on Monday, with $62.09 million in total net inflows. What Happenedb: According to data from SoSoValue, Grayscale's Bitcoin Trust (OTC:GBTC) saw a net outflow of $34.993 million. The Fidelity Wise Origin...
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Bitcoin Miners In For A Rough Ride After Halving: Report
Monday, April 22, 2024 - 3:31pm | 703A new report predicts a substantial rise in production costs due to the halving, with electricity and overall production costs nearly doubling. What Happened: The report by Coinshares estimates the average production cost per Bitcoin (CRYPTO: BTC) among listed mining companies is now approximately...
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Bitcoin 'FOMO' To Push Prices To A 'Different Level': Mark Yusko
Monday, April 22, 2024 - 12:21pm | 596Morgan Creek Capital’s founder Mark Yusko on Monday said a wave of “fear of missing out” (FOMO) is on the horizon for Bitcoin (CRYPTO: BTC). What Happened: Speaking at Bitcoin Investor Day, Yusko pointed out that historically, Bitcoin's fair value has doubled with each halving...
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Bitcoin's Next Move After The Halving? Technical Analysis Foresees These 2 Scenarios
Monday, April 22, 2024 - 10:34am | 625Bitcoin (CRYPTO: BTC) recent consolidation has investors questioning its next move, which could be bullish, according to technical analysis. What Happened: We are currently in a fresh bull market cycle for Bitcoin, indicating a period of sustained price appreciation following the recent market...
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Bitcoin Transaction Fees Dive To 5-Year Low Following Halving
Sunday, April 21, 2024 - 4:53pm | 498Bitcoin (CRYPTO: BTC) transaction fees have significantly decreased, reaching a five-year low, according to CryptoQuant analyst Julio Moreno. The drop comes after increased fees following the Bitcoin halving event and the launch of the Runes token standard, which initially caused a surge in...
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Bitcoin Halving, Elon Musk's Dogecoin Tweet, Solana's Rise And More: This Week In Cryptocurrency
Sunday, April 21, 2024 - 9:02am | 754The weekend was a rollercoaster ride for the cryptocurrency market. Bitcoin’s fourth halving event took place, reducing miner rewards and causing a slight increase in its price. Meanwhile, former Goldman Sachs executive Raoul Pal revealed a significant shift in his crypto portfolio, favoring...
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Cathie Wood's Ark Buys More Of Its In-House Spot Bitcoin ETF Ahead Of Halving, Pauses Tesla Buying
Sunday, April 21, 2024 - 8:43am | 496On Friday, Cathie Wood’s Ark Invest did a pair trade in cryptocurrency exchange-traded funds. The transaction is significant as it came ahead of the much-awaited Bitcoin (CRYPTO: BTC) halving, which has since taken place. Crypto Transactions: Ark’s ARK Next Generation Internet ETF (NYSE...
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Latest Bitcoin Halving Could Cost Miners Billions Of Dollars In Revenue: Report
Saturday, April 20, 2024 - 10:41am | 544On Friday, the Bitcoin (CRYPTO: BTC) network underwent its fourth halving since 2012, a pivotal event that halved the mining reward — the amount of Bitcoin awarded for validating transactions. This reduction from 900 to 450 Bitcoin per day is critical to prevent inflation and maintain Bitcoin...
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If You Invested $1,000 In Bitcoin During The May 2020 Bitcoin Halving, Here's How Much You'd Have Now
Saturday, April 20, 2024 - 9:07am | 526Leading cryptocurrency Bitcoin (CRYPTO: BTC) has had an eventful 2024 year with the approval of Bitcoin ETFs in January. Another exciting catalyst for Bitcoin is the latest Bitcoin halving, which happened last night. Here’s a look at what this means and how investors have profited. What...
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Bitcoin Whales Scoop Up $1.2B Worth Of BTC During Market Dip: Is Potential Rally For King Crypto On The Cards?
Friday, April 19, 2024 - 11:01pm | 616The recent market dip in Bitcoin (CRYPTO: BTC) saw a significant increase in the holdings of large investors, commonly referred to as “whales,” who collectively added over $1.2 billion worth of BTC to their portfolios. What Happened: On Friday, as the price of Bitcoin dropped below $60,...
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Peter Schiff Mocks 'Bitcoiners' After Halving Event, Asks If They're 'Throwing Parties:' 'Hodlers Will Experience A Halving Of Their Net Worths'
Friday, April 19, 2024 - 9:48pm | 533Renowned crypto skeptic Peter Schiff took to X, formerly Twitter, to mock "Bitcoiners" after the recent halving event, suggesting that the "hodlers" will soon experience a halving of their net worth. What Happened: Schiff sarcastically congratulated Bitcoin holders and asked if they were "throwing...