Bitcoin’s Selling Pressure Ends as Short Term Investors Exit Markets
Severe selling ends in Bitcoin markets that was driven by short-term investors capitalizing on pre-halving bull runs and bullish analyst predictions.
Dhirendra
Dhirendra Chandra Das has been working in finance since 2015 and in crypto markets since 2021. His work primarily revolves around enabling crypto companies scale in terms of user growth and sales. He holds a Bachelor of Technology from Veer Surendra Sai University of Technology and dual MBA in Finance and Marketing from Jain University.
Bitcoin Below $60k, Might Fall to $50k Soon
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
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
We expect Bitcoin Runes to have a similar or even much stronger performance as compared to Ordinals because of demand in the Memecoin markets.
What are Bitcoin Runes? How Do They Work?
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.
The Fourth Bitcoin Halving, April 21, 2024
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
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
FTX sold nearly $1.6 billion worth of Grayscale Bitcoin Trust (GBTC) shares which led to the fall in Bitcoin prices.
What are Smart Contracts?
Smart Contracts are pieces of codes that automatically execute blockchain transactions based on a set of inputs given.
What is a Halving? Meaning with Bitcoin as an Example
Halving means a phenomenon in blockchains by which block rewards are reduced to half of their previous value.
Coins vs Tokens in Cryptocurrency
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.
What is a Gas War?
In Ethereum, Gas War means a competitive situation where senders compete for gas fee to get their transactions executed in priority.