🔸️ Bitcoin News

2024-04-19 08:35:13 Bitcoin Halving: Goldman Sachs Downplays Impact of 'Buy the Rumor, Sell the News'

Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by the supply-demand dynamic and continued demand for spot bitcoin exchange-traded funds (ETFs), “which combined with the self-reflexive nature of crypto markets is the primary determinant for spot price action.”

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2024-04-18 18:39:58 Bitcoin mining firm Foundry plans to redistribute halving 'epic sat' proceeds

Foundry Digital’s USA Pool Team said it will distribute profits to its members if the pool mines the first satoshi in the halving block, according to an email screenshot posted by The Mining Pod host Will Foxley on X. “We’ve taken the steps to isolate the epic sat if Foundry USA Pool does mine this block, and we will make reasonable efforts to monetize it and distribute 100% of the proceeds to our pool members,” the team said in the email.

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2024-04-18 11:00:40 Blackrock Closes in on Grayscale in the Battle for the ‘World’s Largest’ Bitcoin ETF

Grayscale’s GBTC continued to report reductions in its bitcoin (BTC) reserves following two days of significant outflows—a $55.1 million drop on Friday and a $36.7 million decline on Monday. The reduction continued into Tuesday’s session with a $58 million decrease. Trading volume on Tuesday reached $2.45 billion, which was lower than the volumes recorded on Monday and Friday.

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2024-04-17 20:04:58 Buy Bitcoin Miners Ahead of the Halving, Bernstein Says

The “miner fear factor” is at its peak ahead of the imminent halving, and investors should buy outperform-rated Riot Platforms (RIOT) and CleanSpark (CLSK) because the market will reward these companies for their superior execution and for being market leaders by self-mining hashrate, broker Bernstein said in a research report on Wednesday.

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2024-04-17 10:10:19 Umoja Partners With Merlin Chain to Launch Bitcoin's First High-Yield Synthetic Dollar

The smart money protocol Umoja has joined forces with the Bitcoin layer two (L2) initiative, Merlin Chain, to roll out a Bitcoin-based high-yield synthetic dollar. The newly introduced stablecoin is engineered to uphold a self-sustaining peg via transparent, onchain trading techniques developed by Umoja.

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2024-04-16 20:10:28 Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord Says

While there has been a lot of noise about how much assets under management (AUM) bitcoin (BTC) exchange-traded funds (ETFs) are attracting, it is now becoming obvious that these ETFs are driving additional demand for the underlying cryptocurrency itself, broker Canaccord Genuity said in a research report on Monday. The broker held its 2024 Digital Assets Symposium last Thursday and hosted leaders from 29 crypto-related companies.

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2024-04-16 14:22:49 We post daily the best Bitcoin, Altcoin & Blockchain News.

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2024-04-16 11:01:24 German Investors Increasing Crypto Investments Ahead of Bitcoin Halving: KPMG Study

Bitcoin remains dominant in investors’ portfolios (91%), followed by Ethereum (78%), reflecting strong asset preferences. A recent research by KPMG has revealed that after a turbulent year for the cryptocurrency market, investor sentiment appears to be on the rebound. The study, which surveyed approximately 2,400 private crypto investors across Germany, Austria, and Switzerland, sheds light on changing investment behaviors and attitudes in the DACH region.

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2024-04-15 18:50:27 Bitcoin NFTs outperform ETH and SOL combined in trading volume ahead of halving

Bitcoin-based non-fungible tokens (NFTs) in the form of Inscriptions are in the spotlight as the network halving event looms closer. Data from CryptoSlam indicates that Bitcoin NFTs have dominated the market, representing 55% of total NFT trades observed over the past week. The trading volume of Bitcoin NFTs in the past week has outstripped that of Ethereum and Solana combined. Bitcoin NFT sales surged by 96% during this period, reaching $176.8 million.

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2024-04-15 07:55:13 Crypto prices rebound from selloff as Bitcoin dominance hits three-year high

Bitcoin's dominance over all other cryptocurrencies has hit its highest value in three years following crypto's mild recovery from yesterday's sharp selloff, which was sparked by the news of an impending Iranian attack against Israel. Following the recovery, according to The Block's data dashboard, Bitcoin now commands nearly 53% of the crypto market, the most since early April 2021 and more than every other cryptocurrency combined.

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