In the days leading up to the Bitcoin halving, cryptocurrency markets experienced significant declines, raising concerns of a potential bear market. While Bitcoin saw a notable price drop of 19%, altcoins saw much steeper declines, with some plummeting by as much as 70%. This trend has sparked debate among investors about the immediate future of cryptocurrencies as the halving approaches. Bitcoin and altcoins plunge before halving Historically, Bitcoin halvings (reduction in scheduled rewards for mining new blocks) have been a catalyst for optimistic market sentiment. This event effectively reduces the supply of new BTC, which theoretically should cause the price…
Author: Crypto Flexs
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The leveraged spot Bitcoin exchange-traded fund (ETF) aims to multiply returns on Bitcoin’s daily performance. How does it work? Leveraged spot Bitcoin ETFs typically use financial derivatives, such as futures contracts, to multiply the daily returns of Bitcoin.For example, a 2x leveraged ETF seeks to provide returns that are twice the daily return of Bitcoin. If the price of Bitcoin rises 1% on a given day, the ETF targets a 2% rise. If the price of Bitcoin falls 1%, the ETF falls 2%.Leveraged vs. Unleveraged Spot Bitcoin ETFA leveraged spot Bitcoin ETF can amplify investors’ exposure to Bitcoin price fluctuations…
Huge amounts of USDT flowed from Tether to Ethereum exchanges. Network activity remained stable as ETH price fell. Ethereum (ETH) has witnessed tremendous price volatility over the past few days. However, Tether (USDT)’s recent actions may help improve sentiment towards ETH. USDT is in the mix. According to data from Lookonchain, in the past 18 hours, a significant amount of USDT, specifically $318 million worth of USDT, has moved from Tether’s treasury wallets to exchanges on the Ethereum network. These leaks significantly reduced Tether’s Ethereum holdings. At press time, their treasury holdings were only 124 million USDT. To meet potential…
Cryptocurrency Analyst Trend Rider The attention of Cardano (ADA) holders has been focused on the cryptocurrency token’s potential to soon experience significant price appreciation. Based on Trend Rider’s analysis, Cardano If this happens, it could go up to $3. If history repeats itself, Cardano will rise to $3 Trend Rider Mentioned on X (formerly Twitter) post If history repeats itself, Cardano may face the “ultimate test of support” before its parabolic rise. He also suggested that the cryptocurrency token could soar to $3, considering the same thing happened in October 2020 when the price of Cardano fell to $0.10. Soars…
Azuro and deBridge Deliver High-Speed Bridging to On-Chain Prediction Markets – Chainwire housenewsroomAzuro and deBridge deliver high-speed bridging to on-chain prediction markets We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of…
XRP investors are eyeing a potential price surge, with one analyst predicting a bullish outlook for the cryptocurrency. Dark Defender, a prominent figure in the XRP community, drawn parallel lines Between the current market movements and the historic rally of 2017. According to Dark Defender, these similarities suggest a significant upward trajectory for XRP, potentially culminating in what he calls a “god candle.” Market Analysis and Predictions: A Close Look at the Future of XRP Dark Defender’s analysis focuses on the observation that current market dynamics reflect the 2017 cryptocurrency boom, which was characterized by significant changes in digital asset…
Grand Cayman, Cayman Islands, April 18, 2024, Chainwire The annual event is the culmination of Sui’s unconventional debut. More than 1,000 projects, partners, investors and enthusiasts from 65 countries around the world gathered in Paris last week to celebrate Sui at Layer 1’s proudly first global Sui Basecamp conference. At the first annual event held during Paris Blockchain Week, Sui was welcomed by developers and builders from around the world during the two-day event. Speakers at Sui Basecamp covered all aspects of the industry, from payments to gaming, e-commerce, and major league sports, providing commentary in keynotes, panels, and fireside…
Special Offer • April 18, 2024 3:48 PM EDT Posted 1 minute ago In ~ Kraken has acquired the cryptocurrency division of online brokerage TradeStation. News of the acquisition emerged Thursday following a report by CoinDesk, but the closing date is still unclear as Kraken declined to disclose it. TradeStation declined to comment to The Block. The acquisition is part of the exchange’s efforts to expand its services in the U.S., a Kraken spokesperson said in a statement to The Block. Kraken’s growth in the US forms part of the company’s broader expansion strategy, with the exchange acquiring licenses in…
This article is featured in Bitcoin Magazine’s “The Halving Issue” and is sponsored by HIVE Digital Technologies LTD as part of Bitcoin Magazine’s “Buy The Numbers” content series. Click here to get your Annual Bitcoin Magazine Subscription.Calculated probabilities were calculated by Greg @ learnmeabitcoin.comBlock 840,000 is not just another block in the blockchain; it triggers the Bitcoin halving where the block reward is reduced from 6.25 BTC to 3.125 BTC, cutting the amount of BTC mined each day in half. You don’t have to be a Princeton economist to understand the impact this will have on the supply and demand…
Now that Ethereum has launched and is rapidly approaching the homestead phase, over the past few months we at the Ethereum Foundation have finally had the opportunity to take a breather and plan our strategy with a more long-term perspective. From a development perspective, now Development ~ Of tranquility, a major overhaul of the Ethereum protocol that includes powerful software abstraction capabilities, the Casper consensus algorithm, and underlying scaffolding that allows scalability features to be developed over time and with minimal disruption. POC1 has been released, and POC2 is expected to be released in about a month. In parallel, Martin…