Bloomberg: Miner reserves drop ahead of halving, clouding Bitcoin’s outlook
The number of Bitcoins held by miners has dropped recently; falling reserves could signal a fall in Bitcoin prices.
JinseFinanceThe number of Bitcoins held by miners has dropped recently; falling reserves could signal a fall in Bitcoin prices.
JinseFinanceThe Bitcoin mining network has experienced meteoric growth, with hashrate increasing by 104% by 2023. This rapid expansion has raised concerns about its sustainability.
JinseFinanceCipher Mining strategically acquired 16,700 new miners ahead of the Bitcoin halving, aiming to expand their mining capacity in Texas. With a bullish outlook tied to the event's historical impact on Bitcoin prices, Cipher aims to emerge as a major player in the industry.
Joy
BitcoinworldVenture funding for web3 fell 80% in the first quarter of 2023 from the same quarter a year earlier, according to K33 Research.
TheBlockThe event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.
CoindeskThe crypto exchange’s transaction revenue fell 44% from the second quarter.
OthersThe last Bitcoin halving took place on May 11, 2020, and the next bitcoin halving will likely occur in 2024.
CoindeskHash rate on the bitcoin network has hit a new all-time high of 281.79 million TH/s, and its next halving dates is projected to be as early as Q4 2023.
BeincryptoThe Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving.
Cointelegraph