Crypto Miners Still Selling Their Bitcoin as Reward Halving Looms, Blockchain Data Show

Crypto Miners Still Selling Their Bitcoin as Reward Halving Looms, Blockchain Data Show

[ad_1] Currently, the miners receive 6.25 BTC per block. The halving, a quadrennial event due in April, will reduce that figure to 3.125 BTC, cutting per-block revenue by 50%. To improve profitability, miners may be using their stored BTC to buy more efficient equipment so that running costs drop, said FRNT Financial, a crypto platform … Read more

Where Are We In This Bitcoin Cycle? Galaxy Lead Researcher Answers

Where Are We In This Bitcoin Cycle? Galaxy Lead Researcher Answers

[ad_1] In a comprehensive analysis shared via X (formerly Twitter), Alex Thorn, the Head of Firmwide Research at Galaxy, delved into the intricacies of the current Bitcoin market cycle, answering the question “Where Are We In This Bitcoin Cycle?” As Bitcoin trades robustly around $62,000, with a notable spike to $64.000 yesterday, the crypto landscape … Read more

Bitcoin Ascent To $64,000 Causes Coinbase To Crash – Here’s What Happened

Bitcoin Ascent To $64,000 Causes Coinbase To Crash – Here’s What Happened

[ad_1] Not long after the value of Bitcoin surpassed $62,000, its highest level since 2021, Coinbase had severe disruptions and issues on Wednesday afternoon, preventing some customers from signing in at all and causing some user accounts to reflect a $0 balance. Crypto aficionados were furious on social media because they are unable to access … Read more

Bitcoin Logs Biggest Single-Day Gain Since October, Market-Neutral Bets Yield 3x U.S. Treasury Notes

Bitcoin Logs Biggest Single-Day Gain Since October, Market-Neutral Bets Yield 3x U.S. Treasury Notes

[ad_1] Cash and carry arbitrage is a market-neutral strategy that seeks to profit from price discrepancies in spot and futures markets. The arbitrageur combines a long position in the spot market with a short position in futures when futures trade at a premium to spot prices. As futures expiry nears, the premium evaporates, and on … Read more