The cryptocurrency market experienced a lackluster April following a strong rally in the first quarter that led Bitcoin (BTC) to a new all-time high of $73,750.Over the past month (as of May 9, 2024), Bitcoin slumped about 11%. The rise in geopolitical crisis can also be held responsible for this crash. The decentralized nature of cryptocurrencies enables quick reactions to geopolitical events, even quicker than stocks. April’s slump is perha...
The first wave of spot Bitcoin and Ether exchange-traded funds (ETFs) have been officially approved to start trading in Hong Kong on April 30. Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), declared the official approval of the first batch of Bitcoin and Ether ETFs on April 24, according to a press release shared with Cointelegraph. The first batch of approved Hong Kong-based ETFs also...
We have the first weekend after the halving, and the block reward halving forces miners to reassess their operational strategies to maintain profitability in an environment of reduced block rewards. Those who choose to continue with energy-intensive mining practices face the risk of reduced profits, necessitating operational adjustments. In order for miners to continue their survival, there are option presented to either expand their...
What is a Bitcoin block halving event? Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code. Estimated Halving Countdown Date/Time It is estimated to see the Bitcoi...
Today I wanna try to read a different asset class, the$比特幣(BTC.CC)$in a naked chart as I found a potential bearish reversal pattern in making During post covid, bitcoin reached its peak on Nov 2021, followed by around 1 year bearish trend till the bottom during Nov 2022. A strong bullish trend began since then, from around 15000 level to above 70000 this year, wrote a nearly 400% gains just within 2 years! $比特幣(BTC.CC)$Daily Chart From the dail...
BeautyWolf : 非常有價值的分析!
AlinaMlakam樓主 BeautyWolf: 我希望您在加密貨幣市場中獲得更多利潤。