btc – Page 79 – BitcoTasks BLOG

Is The Bitcoin Bloodbath Over? Analysts Say $60,000 Is The Cycle’s Bottom

April 22, 2024

Bitcoin enthusiasts around the globe can now breathe a collective sigh of relief as the world’s premier cryptocurrency, Bitcoin, rebounds from a recent downturn. Last week witnessed Bitcoin, akin to the broader market, sliding below the $60,000 mark, primarily due to risk aversion, the US tax season, and escalating geopolitical tensions in the Middle East.…

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Brazil Wants BTC: 7,400 Bitcoin Futures Contracts Created On First Day Of Trading

April 22, 2024

Bitcoin

After announcing in March its plans to include Bitcoin futures in its offerings, B3, a Brazilian stock exchange, has officially opened up trades, achieving a significant milestone on its very first day of trading Bitcoin futures. B3 Bitcoin Futures Sees Surge In Demand Following its launch of Bitcoin futures on April 17, B3 experienced a…

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Bitcoin Miners Strike Gold: $107 Million Profit From Runes-Fueled Minting Spree

April 22, 2024

Cryptocurrency Market News

Bitcoin miners have struck a proverbial goldmine, reaping an astonishing $107 million in profits, according to data from Glassnode, a leading analytics platform. This unprecedented windfall, amassed on April 20th, underscores a significant shift in the revenue dynamics of Bitcoin mining operations. The meteoric rise in transaction fees serves as a bellwether for the evolving…

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Bitcoin Price Approaches Breakout, Can BTC Pump Above $66K?

April 22, 2024

Btc

Bitcoin price recovered and climbed above the $64,000 resistance zone. BTC is now facing hurdles near the $65,500 and $66,000 levels. Bitcoin is now struggling to gain pace for a move above the $65,500 resistance zone. The price is trading above $64,000 and the 100 hourly Simple moving average. There is a key contracting triangle…

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Were Bitcoin Miners Behind The BTC Price Crash Below $60,000?

April 21, 2024

Bitcoin

The price of Bitcoin fell drastically towards the $60,000 mark in the days leading up to the just concluded halving. On-chain data has shed light on what could very well be the reason for this price dip in the middle of all the excitement around the halving. Particularly, data has revealed that some miners have…

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Battle For The Halving Block: Bitcoin Users Spend Record $2.4 Million On Block 840,000

April 20, 2024

Bitcoin

With Bitcoin finally completing its fourth-year halving cycle, many users are aggressively competing for halving blocks, paying exorbitant amounts of fees to mine a single block. Bitcoin Mining Pool Pays Over $2.4 Million In Block Fees Earlier today, the 840,000th block was added to the Bitcoin blockchain, triggering the onslaught of the highly anticipated halving…

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Fourth Bitcoin Halving Completed – Here Are The Implications

April 20, 2024

Bitcoin

The long-awaited fourth Bitcoin halving finally occurred after BTC posted its 840,000th block. This event is significant as it is expected to have several implications for the Bitcoin ecosystem and the crypto market going forward. What To Expect Following The Bitcoin Halving The Bitcoin halving slashed reported that they could lose a whopping $10 billion…

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Analyst Reveals Bitcoin’s Bull Market Breakthrough: Here’s What You Need To Know

April 20, 2024

Bitcoin

In a recent tweet, well-known crypto analyst Rekt Capital delved into the potential timeline for the next Bitcoin market peak, emphasizing the Halving cycle’s significant impact on building BTC’s market path. As the Bitcoin Halving is set to occur between today and tomorrow, April 20, Bitcoin has shown less significant market movement. At the time…

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Bitcoin Mega Whales Are Buying, Time For Rally To Return?

April 20, 2024

Bitcoin News

On-chain data shows that the largest number of investors in the Bitcoin market are finally buying, which could be bullish for the asset’s value. Bitcoin Mega Whales Have Shown Net Inflows In The Past Day In the past few weeks, the Bitcoin price has struggled to mount any significant bullish momentum as it has been…

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Bitcoin Trader Selling Pressure Declining, CryptoQuant Head Explains Why

April 20, 2024

Bitcoin News

The head of research at the on-chain analytics firm CryptoQuant has explained why selling pressure from Bitcoin traders may be declining. Bitcoin Short-Term Holder Realized Price Has Risen To $60,000 In a new short-term holders” (STHs) refer to the Bitcoin investors who have been holding onto their coins since less than 155 days ago. The…

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Bitcoin Accumulation: You Won’t Believe How Much BTC Holders Have Bought Since The Crash

April 19, 2024

Bitcoin

Bitcoin holders have again reaffirmed their faith in the flagship crypto despite its recent price declines. This follows recent data showing that Bitcoin accumulation addresses recorded a new all-time high (ATH) amidst the current market downward trend. Accumulation Addresses Record New All-Time High Of Bitcoin Inflows accumulation addresses between April 16 and 17. This is…

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