- Bitcoin’s 2024 Rally Isn’t Over, Expect Sluggish Price in Short Term
by Blockchain Lab
Recent data and analyses confirm Bitcoin’s ongoing 2024 rally will persist, with predictions of recovery beyond $60k towards $90k. Factors including funding rates, macro-diagonal theory, and halving effects.
- Bitcoin ETFs Break 7 Day Outflow Streak, Net Inflows on 3 May at $378 million
by Blockchain Lab
On May 3, 2024, all major spot Bitcoin ETFs recorded their first significant inflows in eight days, totaling $378 million, reversing a previous outflow streak caused by short-term investor volatility.
- Bitcoin’s Selling Pressure Ends as Short Term Investors Exit Markets
by Dhirendra Das
Severe selling ends in Bitcoin markets that was driven by short-term investors capitalizing on pre-halving bull runs and bullish analyst predictions.
- Bitcoin Below $60k, Might Fall to $50k Soon
by Blockchain Lab
In the past 24 hours, Bitcoin’s price dropped from $63,200 to $57,165 due to ETF outflows, a disappointing Hong Kong ETF debut, miner sales, and overall market bearishness. Analysis of on-chain data, fundamental metrics, and technical charts suggests a bearish trend might continue, exacerbated by negative sentiment and external market pressures.
- Altcoins Expecting a Super Rally Led by Bitcoin in 2024
by Blockchain Lab
A post-halving rally in Bitcoin is expected to spur similar growth in major altcoins between August and October 2024. Factors like miners’ BTC holdings and US monetary policies may initially delay this rally.
- Bitcoin Runes Might Outperform Bitcoin Ordinals in 2024
by Blockchain Lab
We expect Bitcoin Runes to have a similar or even much stronger performance as compared to Ordinals because of demand in the Memecoin markets.
- The 4th Bitcoin Halving Completes, What Now?
by Blockchain Lab
On April 20, 2024, the fourth Bitcoin Halving cut block rewards to 3.125 BTC, amidst challenging macroeconomic conditions and future event uncertainties.
- Is Bitcoin Mining Still Profitable in 2024? India-based Case Study
by Blockchain Lab
Although the halving will reduce block rewards to 3.125 BTC, still with the expected rise in price, Bitcoin Mining would still be profitable.
- Bitcoin Falls Due to $1.6bn GBTC Selling by FTX
by Blockchain Lab
FTX sold nearly $1.6 billion worth of Grayscale Bitcoin Trust (GBTC) shares which led to the fall in Bitcoin prices.
Recent data and analyses confirm Bitcoin’s ongoing 2024 rally will persist, with predictions of recovery beyond $60k towards $90k. Factors including funding rates, macro-diagonal theory, and halving effects.
On May 3, 2024, all major spot Bitcoin ETFs recorded their first significant inflows in eight days, totaling $378 million, reversing a previous outflow streak caused by short-term investor volatility.
Severe selling ends in Bitcoin markets that was driven by short-term investors capitalizing on pre-halving bull runs and bullish analyst predictions.
In the past 24 hours, Bitcoin’s price dropped from $63,200 to $57,165 due to ETF outflows, a disappointing Hong Kong ETF debut, miner sales, and overall market bearishness. Analysis of on-chain data, fundamental metrics, and technical charts suggests a bearish trend might continue, exacerbated by negative sentiment and external market pressures.
A post-halving rally in Bitcoin is expected to spur similar growth in major altcoins between August and October 2024. Factors like miners’ BTC holdings and US monetary policies may initially delay this rally.
We expect Bitcoin Runes to have a similar or even much stronger performance as compared to Ordinals because of demand in the Memecoin markets.
On April 20, 2024, the fourth Bitcoin Halving cut block rewards to 3.125 BTC, amidst challenging macroeconomic conditions and future event uncertainties.
Although the halving will reduce block rewards to 3.125 BTC, still with the expected rise in price, Bitcoin Mining would still be profitable.
FTX sold nearly $1.6 billion worth of Grayscale Bitcoin Trust (GBTC) shares which led to the fall in Bitcoin prices.
Bitcoin Runes, launched with Bitcoin’s 840,000th block, are a new token standard improving upon BRC-20. The token standard was developed by Casey Rodarmor.
Smart Contracts are pieces of codes that automatically execute blockchain transactions based on a set of inputs given.
Halving means a phenomenon in blockchains by which block rewards are reduced to half of their previous value.
Tokens are those cryptocurrencies which exist on other blockchains; and might or might not have their own blockchain. Understand the difference of coins vs tokens.
In Ethereum, Gas War means a competitive situation where senders compete for gas fee to get their transactions executed in priority.
Gas fee is the transaction fee charged in the Ethereum blockchain. The fee is paid to Ethereum validators for verifying transactions and adding blocks to the blockchain.
Block Headers are the meta data of each block on a blockchain. They contain details such as nonce value, hash of previous block, timestamp, difficulty target, etc.
A Merkle Root is the hash of all the transactions in a block by hashing transactions till the time there exists only a single hash result for the entire block.
Consensus Mechanisms are different ways to verify blockchain transactions by running it through multiple validators each of whom verifies them individually.
Shiba Inu is a meme coin created by the pseudonymous developer Ryoshi as a response to Dogecoin.