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Tag Archives: Bitcoin-Halving

Bitcoin (BTC) Volatility Dwindles: ‘Boring’ Price Action Explained

Bitcoin has become significantly less volatile in recent times. This is evidenced by the absence of any extreme spikes in price movements in either direction since the completion of the fourth halving. Such a trend of dwindling volatility signals maturity, according to experts. Bitcoin Sees Signs of Maturity Over the past week, bitcoin saw a modest decline of a little over 3%, with selling activity outweighing buying across almost all exchanges. According to Kaiko’s latest...

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Miners’ Bitcoin (BTC) Stash Dwindles to Levels Unseen Since Satoshi Era

The supply of bitcoin held by miners has dwindled to levels not seen in over 14 years. This massive decline in miner reserves comes at a time when the broader cryptocurrency market is witnessing a surge in institutional interest and growing mainstream adoption. Bitcoin Miner Reserves Hit 14-Year Low According to on-chain analysis firm CryptoQuant’s latest analysis, the last time miner reserves were this low, bitcoin was still in its infancy. Bitcoin creator Satoshi Nakamoto...

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3 Week Post-Launch: Runes Protocol’s Activity Sees Substantial Decrease

Since its much-hyped debut during the latest Bitcoin halving, activity on the Runes protocol has experienced a significant downturn. The protocol, which allows users to create fungible tokens on the Bitcoin blockchain, saw a surge in transactions initially but has since declined in activity, particularly on May 10. Runes Protocol Decline According to data from a Dune Analytics dashboard, the protocol’s fee revenue has steadily decreased following its launch. While Runes...

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BitMEX Founder Arthur Hayes Sees Bitcoin’s Price Slump as Market Cleansing

Experts now suggest that bitcoin may have reached a local bottom and will gradually recover over the coming months. BitMEX founder Arthur Hayes, for one, noted that the leading cryptocurrency might see a surge in value if, as he predicts, liquidity increases in the economy next week due to Janet Yellen’s policies. Bitcoin May Have Hit a Local Bottom In his latest blog post, Hayes said bitcoin’s latest slump has “played out” as he anticipated, attributing it to various factors...

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Runes Daily Tx Fees Drop by 98.4% to $1.03 Million Post-Halving: Glassnode

According to Glassnode data, Runes transactions generated $117 million in cumulative Bitcoin network fee revenue post-halving, with $62.4 million amassed on the day of the halving itself. However, this rise proved to be short-lived, recent data reveals that on April 28, Runes transactions only contributed $1.03 million in fees. Runes Dominates Bitcoin Network Post-Halving On April 20, the day of the halving, transaction fees within the Bitcoin network saw a notable spike....

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Rare ‘Epic Sat’ from Bitcoin’s Fourth Halving Block Sold for Over $2 Million

An “epic sat,” an extremely rare satoshi (the smallest unit of Bitcoin) from the network’s fourth halving block, was recently sold for over $2 million. On April 25, the crypto mining pool ViaBTC successfully auctioned off “Sat 1,968,750,000,000,000” for 33.3 BTC, approximately $2.13 million, on the cryptocurrency exchange CoinEx Global. ViaBTC’s Rare Satoshi Auctioned CoinEx Global announced that its partner, the ViaBTC mining pool, successfully mined the 840,000th block....

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Major XRP Metric Surges Touches an ATH: Details

TL;DR The number of XRP wallets holding at least 1 million tokens is nearing an all-time high, reflecting increased investor interest despite recent value fluctuations. Ripple’s final trial phase with the SEC and the Bitcoin halving are anticipated to significantly influence the asset’s price movement. XRP Investors on the Move Over the past several months, the price of Ripple’s XRP has been far from its glory days, hovering in the $0.45-$0.70 range. However, many investors...

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