Bitcoin traders set $50K price target after BTC falls below key support level
Bitcoin’s prolonged correction is driven by a sharp decrease in demand for nearly all investor cohorts. Go to Source
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Bitcoin down 20%+ from all-time highs — Is BTC price headed to $50K?
While the current correction remains in line with historical price corrections, Bitcoin could briefly fall to the $50,000 mark after losing the average ETF inflow mark of $59,000. Go to Source
The reasons Bitcoin price is down 11% since the halving
Bitcoin’s current price action is “hardly a surprise” given the extraordinary bullish action leading up to the fourth halving. Go to Source
Bitcoin’s ‘euphoria phase’ cools, but a BTC bottom could be near — Glassnode
Data suggests that newer investors are behind Bitcoin’s sell-off, but sell-side exhaustion will eventually mark BTC’s price bottom. Go to Source
Bitcoin DeFi ecosystem thrives despite market correction
The Bitcoin DApp ecosystem has been reinvigorated by the invention of native protocols such as Ordinals and Inscriptions last year. Go to Source
Bitcoin Starts The Week With 3% Loss As Market Correction Events Trigger Realized Losses
The new trading week commenced with Bitcoin, the leading cryptocurrency, experiencing a 3% decline in its value. This downturn comes amid a broader trend of market correction events impacting the cryptocurrency landscape. Glassnode data has provided insights into the realized losses among Bitcoin short-term holder constituent cohorts, spanning various timeframes from 1 day to 6 … Read more
Weekend Wrap: Bitcoin Hilton opens next year, BlackRock ETF 3 days of nil and more
The 80-room Hampton by Hilton hotel in El Salvador — funded with Bitcoin layer-2 tokenized bonds — will be fully operational by mid-2025. Go to Source
South African BTC Ponzi Scheme Mastermind Succumbs to Heart Attack While Detained in Brazil
Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, recently died of a heart attack while under house arrest on a farm in Brazil. According to his Brazilian wife, Steynberg left no will and had no assets that could be inventoried. South African Police Investigate Steynberg’s Reported Death Johann Steynberg, a South African … Read more
Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs
According to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per second (TH/s) per day. On April 25, Luxor Technologies reported a significant decline in the prices of application-specific integrated circuit (ASIC) bitcoin mining rigs, highlighting … Read more
Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC
In the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant low. Just five days ago, miners were harvesting an average of 5.105 BTC per block, between a blend of new BTC and transaction fees, following a peak in the hashprice. However, the average yield per … Read more