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Today marks the last day before the 4th Bitcoin halving, which will cut the block reward from 6.25 to 3.125 BTC. As predicted by many, the crypto market has already gone through a correction zone. As a result, the majority of cryptocurrencies lost their current gains and entered a downward trend. However, today, the crypto The post 4 Top Most Profiting Solana Meme Coins During This Halving appeared first on CoinGape .

4 Top Most Profiting Solana Meme Coins During This Halving

The countdown to Bitcoin’s 4th halving has begun. Tune in to the Bitcoin Halving Livestream powered by Kraken.

WATCH: The 2024 Bitcoin Halving Livestream

Bitcoin holders have again reaffirmed their faith in the flagship crypto despite its recent price declines. This follows recent data showing that Bitcoin accumulation addresses recorded a new all-time high (ATH) amidst the current market downward trend. Accumulation Addresses Record New All-Time High Of Bitcoin Inflows Data from the on-chain analytics platform CryptoQuant shows that over 27,700 BTC was transferred into accumulation addresses between April 16 and 17. This is a new all-time high (ATH) for these addresses in terms of their daily Bitcoin inflows. Related Reading: Crypto Analyst Predicts Cardano Rally To $3 As Price Reaches ‘Ultimate Support Test’ Before now, the highest amount of BTC sent to these addresses in a day stood at 25,500, recorded on March 23 earlier this year. Interestingly, the March 23 record came just about a month after Bitcoin inflows into accumulation addresses hit an all-time high (ATH) of 25,300 BTC on February 21. Accumulation addresses are wallets with no outgoing transactions and have a balance of over 10 BTC. Accounts belonging to centralized exchanges and Bitcoin Miners are excluded from this category. Meanwhile, these addresses must have received two incoming transactions, with the most recent occurring within the last seven years. These addresses can be considered the most bullish on Bitcoin, and the growing accumulation trend from these wallets shows how much faith these long-term holders have in the flagship crypto. Furthermore, they are also believed to be positioning themselves ahead of the bull run, as BTC may never drop to these price levels once it comes into full force. Meanwhile, CryptoQuant’s CEO, Ki Young Ju, also highlighted the significance of this development, noting that on-chain accumulation has remained “very active” even as the demand for Spot Bitcoin ETFs has stagnated for four weeks. This suggests that Bitcoin bulls could help shore up the demand gap left open by these ETFs. BTC Price Shows Strength Bitcoin dropped below the $60,000 support level following reports about Israel’s retaliatory attack on Iran. However, the flagship crypto showed strength as it quickly rebounded above the $60,000 price mark. This is significant considering how much Bitcoin and the broader crypto market declined rapidly following Iran’s attack against Israel on April 13. Related Reading: XRP Whales Are On The Move Again, But Are They Bullish Or Bearish? Furthermore, the quick price recovery also suggests that Bitcoin has established strong support around the $60,000 price range and could be set for a parabolic move to the upside once this period of consolidation is over. Crypto analyst Crypto Rover also recently commented on Bitcoin’s future trajectory, stating that the crypto token will come out with a “banger” soon enough. At the time of writing, Bitcoin is trading at around $62,000, up in the last 24 hours according to data from CoinMarketCap. BTC price recovers above $64,000 | Source: BTCUSD on Tradingview.com Featured image from Crypto News, chart from Tradingview.com

Bitcoin Accumulation: You Won’t Believe How Much BTC Holders Have Bought Since The Crash

Trader analysis suggests the current bull market could be shorter, with the first peak scenario set for December 2024. The post Bitcoin price could peak in December 2024, highlights trader appeared first on Crypto Briefing .

Bitcoin price could peak in December 2024, highlights trader

Michael Saylor, the Executive Chairman of MicroStrategy (MSTR) has sold 370,000 shares of the business intelligence firm, according to recent filings. The sale amounts to over $370 million and the executive’s Class A holdings are now down to 30,000 shares, as on Thursday. Saylor offloads MSTR, market participants speculate it is for Bitcoin purchases In

Bitcoin halving: Is Michael Saylor offloading MicroStrategy shares to buy BTC?

What is the main factor that has increased Bitcoin and gold prices in recent months? Two experts explained the detail that increased the price of assets. Continue Reading: Is This the Main Event Driving the Price of Bitcoin and Gold? Expert Reveals the Unknown Reason

Is This the Main Event Driving the Price of Bitcoin and Gold? Expert Reveals the Unknown Reason

Bitcoin price has started to gain its tempo back, slowly moving towards the $70K mark as the price surged 4.76% in just a day. At the moment of writing, Bitcoin is trading at $64,662 with a market capitalization of $1,273,395,007,595 while maintaining the surging momentum. Based on today’s price surge, many believe Bitcoin might reach The post Bitcoin Price Rally to $100K after BTC Halving, Said Bitwise CEO And More appeared first on CoinGape .

Bitcoin Price Rally to $100K after BTC Halving, Said Bitwise CEO And More

LUNC price analysis: Terra Classic investors are beaming with hope of a potentially larger bullish breakout on Friday ahead of Bitcoin Halving. The outlook of the entire crypto market has also changed alongside Bitcoin price move on the day, which recouped earlier losses peaking at $65,000. If LUNC price sustains the improving technical structure bolstered The post LUNC Price Analysis: Terra Classic Flashes Unique Buy Signal On Bitcoin Halving Eve appeared first on CoinGape .

LUNC Price Analysis: Terra Classic Flashes Unique Buy Signal On Bitcoin Halving Eve

The pre-halving consolidation in Bitcoin continues to drive a sideways action in top altcoins including Cardano. The daily chart projecting candles with short-bodied and higher wicks indicates no clear dominance from buyers or sellers. However, the ADA price hovering above the confluence of key support indicates the asset is well positioned for a bullish bounce. The post Cardano Price Eyes $0.81 High as MVRV Ratio Signals Potential Rebound appeared first on CoinGape .

Cardano Price Eyes $0.81 High as MVRV Ratio Signals Potential Rebound

Gala price forecast: Gala, the cryptocurrency that powers Gala Games, has experienced a significant increase in value over the last day. This rise saw the token surpass the $0.044 mark, with an increase exceeding 8%. Currently, the Gala price is at $0.04476, indicating a strong upward trend on the chart. Gala Price Forecast: Resistance Break The post Gala Price Forecast: $1 Milestone In Sight After Bitcoin Halving? appeared first on CoinGape .

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