Expert predicts Bitcoin to float between $45,000-$50,000 pre-halving
Crypto analyst Michaël van de Poppe forecasts Bitcoin to maintain a price range of $45,000 to $50,000 before its upcoming halving event in April 2024. The prediction comes as Bitcoin enters a new phase, with the world’s largest crypto bidding farewell to its period of accumulation. Van de Poppe also anticipates a correction following this […]
Bitcoin soars to 18-month high, triggers $140 Million in liquidations
Bitcoin (BTC) has skyrocketed to nearly $37,000, marking its highest level since May 2022. This surge has triggered over $140 million in liquidations. Leading cryptocurrencies such as Ether (ETH), Binance Coin (BNB), Cardano (ADA), Polygon (MATIC), and Polkadot (DOT) have also seen significant upticks. The recent surge in Bitcoin’s price has led to millions of […]
Bitcoin’s hash rate to drop by 20% post halving in 2024, predicts JPMorgan
In a recent report, JPMorgan forecasted a 20% drop in the Bitcoin Network Hash Rate following the Bitcoin halving slated for April 2024. According to the report, released, it states, “We estimate as much as 80 EH/s (or 20% of the network hashrate) could be removed at the next halving (April ‘24) as less-efficient hardware […]
Analyst firm says Bitcoin 2024 halving will send king crypto surging 47%
Bitcoin’s halvings, which reduce the production of new Bitcoins, have a significant impact on the cryptocurrency’s supply dynamics. Pantera’s recent newsletter highlighted how each halving has successively constricted the new supply percentage of outstanding Bitcoin. The first halving led to a 17% reduction, setting a trend. The 2016 halving saw a one-third reduction compared to […]