Bitcoin's price fell below $58,000 after the block reward halving, also causing altcoins to lose value.
Bitcoin remains above $60,000, but miner selling following the halving, which cut block rewards from 6.25 to 3.125 BTC, could threaten this level.
Bitcoin maintains its position above $60,000 despite concerns that miners, affected by the block reward halving from 6.25 to 3.125 BTC, may start selling their holdings, potentially impacting the market stability.
CryptoQuant CEO Ki Young Ju reports that Bitcoin miners persist despite lowered mining revenues from block reward halving and market fluctuations, maintaining stable operations.
Spot bitcoin ETFs have bounced back with net inflows after experiencing outflows in the week before Bitcoin's block-reward halving.
AI-driven altcoins are experiencing a surge, propelled by investor interest post-Bitcoin's fourth block reward halving, with a focus on those benefiting from AI advancements.
This article examines the fluctuations in cryptocurrency markets, focusing on the potential impact of the Bitcoin block reward halving on the value of Bitcoin and altcoins.
Broker Benchmark's study shows bitcoin miners are well-prepared for the block reward halving, citing a significant Bitcoin price increase bolstering their resilience despite a predicted 50% reward cut.
Bitcoin's market dominance rises to 55.41% despite its price drop below $61,400 and the impending block reward halving, while altcoins experience significant declines amid tough macroeconomic conditions.
Global interest spikes as the fourth Bitcoin halving approaches, with search popularity for ‘Bitcoin halving’ reaching historical highs, exceeding past events.
The Bitcoin community awaits its fourth block reward halving around April 19-20, which will decrease mining rewards from 6.25 to 3.125 BTC, effectively halving the creation rate of new bitcoins.