Global #btc

On Wednesday, investors sold out U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) at the fastest rate possible, despite Jerome Powell, the head of the Federal Reserve (Fed), discounting the likelihood of a rate hike.

As it approaches the event's closeout, Mollars' initial coin offering is experiencing a surge in presales.

The "hash price," a statistic that is crucial to the profitability of Bitcoin mining, has recently fallen to previously unheard-of levels, raising fears among the mining community.

According to new data, mining Bitcoin (BTC) may not be as profitable as it once was. Bloomberg reports that the profitability of mining Bitcoin is getting dangerously close to a record low, not seen since the days after FTX collapsed, which presents serious difficulties for those tasked with maintaining network security.

The cryptocurrency market has seen a significant change as well-funded investors, known as "whales," keep acquiring Bitcoin (BTC), pushing its price to all-time highs. Notably, a well-known Bitcoin whale has amassed 4,380 BTC in the last month, suggesting hope for an impending market recovery.

After breaking over the $66,000 resistance level, the price of bitcoin began to stabilize. Currently, BTC is focusing on the next move over the resistance area of $67,200.

Bitwise CIO Matt Hougan has shared his thoughts on X on the International Monetary Fund's (IMF) research on Bitcoin (BTC) payments, which was released earlier this month.

The range for Bitcoin [BTC] was $73k–$60.7k. At $66.9k, this range's midpoint was located.

With the successful completion of its fourth halving event, miners' block rewards have once again been cut in half, from 6.25 to 3.125 BTC. The Bitcoin halving, sometimes referred to as "the halvening," is scheduled to occur every 210,000 blocks, or roughly every four years.

Bitcoin BTC is on the brink of its fourth halving event, scheduled to occur when Bitcoin’s block height hits 840,000 on April 20.

With just 100 blocks remaining before the incentive for mining the flagship decentralized finance (DeFi) asset is cut in half, the Bitcoin (BTC) halving, one of the most significant events in the cryptocurrency sector, is rapidly approaching. The excitement in the cryptocurrency world is growing.

As the price of Bitcoin dropped below $63,000 earlier this week, ardent Bitcoin holders contributed a record $1.7 billion worth of BTC to "accumulation" wallet addresses in a single day.