Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. This suggests that miners are still dealing with extremely thin profits. With just nine days left in the month, miners have already earned a hair over 62% of what they brought in during…
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Bitcoin Halving Events No Longer Drive BTC Price, Report Says
Outlier Ventures’ new report claims the four-year Bitcoin halving cycle “is dead,” arguing that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market. The report suggests the influence of halvings diminished after 2016, with recent price movements driven more by Bitcoin ETFs and macroeconomic factors, such as the post-Covid capital…
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Bitcoin Trading Volume Hits Post-Halving High Amid ‘Extreme Fear’
Bitcoin trading volumes reached unprecedented levels amid market turmoil, with the Bitcoin fear and greed index showing the lowest levels since July 2022. Bitcoin transactions on crypto exchanges surged amid turbulent market conditions, marking a new all-time high in trading volume during this fourth Bitcoin-halving cycle. On August 5th, crypto traders suffered significant losses, with…
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Riot Platforms Reports Q2 Loss After Bitcoin Halving
Bitcoin mining firm Riot Platforms reports a total revenue of $70.0 million from the $76.7 million recorded in the same period last year. The drop is due to the Bitcoin halving event in April. This decrease in revenue is also attributed to a $9.7 million drop in engineering revenues. This was somewhat offset by a…
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Post Bitcoin Halving “Bigger Miners” Accumulate More BTC: CryptoQuant
Since the Bitcoin halving event, a noticeable trend has emerged within the mining community: smaller miners are selling their Bitcoin holdings, while larger, publicly traded mining companies are accumulating more Bitcoin, according to Julio Moreno head of research at CryptoQuant. Since the #Bitcoin halving smaller miners are the ones selling; Bigger miners have accumulated. This…
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The Clock Has Ticked on Bitcoin’s Post Halving Surge, 100 Days After the Latest Quadrennial Halving
July 29 marks the 100th day since the Bitcoin blockchain cut per block mining rewards to 3.125 BTC from 6.25 BTC.
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Will Dogecoin’s Post-Halving Wave Drive Prices Higher? Bullish Analysts Weigh In
Dogecoin price movements have sparked interest in its future potential, with many analysts providing optimistic Dogecoin price predictions. Analysts like Rickus note a steeper trend angle in Dogecoin’s chart compared to previous cycles, predicting a breakout in five to six weeks and subsequent resistance retests. This outlook is supported by growing transaction volumes and more…
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Is Altcoin Season Around the Corner? Bitcoin Halving Points to Potential Boom, Analyst Reveals
Although Bitcoin recent price plunge has sent several Altcoins on a free fall, with declines ranging from 30% to 70%, there appears to be a beacon of hope set to shine through the murk. The recent Bitcoin Halving in April is what the altcoin market needs to recover and surge beyond its highest levels. Bitcoin…
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Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies
U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.
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Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving
Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production to “unusually cold temperatures” at its…
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