Bitcoin Financial News

With major cryptocurrencies flat over the past 24 hours following a choppy day of trade, traders hunting for top crypto gainers today that might deliver them quick gains continue to flock to the highly volatile and illiquid on-chain micro-cap markets.

As the cryptocurrency community anticipates the next Bitcoin halving event, expected around April 19 or 20, speculations about its impact on Bitcoin’s price are intensifying.

Publicly traded Bitcoin mining firm Hut 8 Corp announced on April 16 the initialization of self-mining operations at its new Salt Creek facility, only 78 days after breaking ground in the area.

T h e a v a i l a b l e B i t c o i n s u p p l y o n e x c h a n g e s i s r a p i d l y d i m i n i s h i n g , p o t e n t i a l l y r e a c h i n g d e p l e t i o n w i t h i n t h e n e x t n i n e m o n t h s , a c c o r d i n g t o a Monday a n a l y s i s b y B y b i t .

With cryptocurrency markets a sea of red on Tuesday, the market continues to be on shakey ground due to concerns about Middle Eastern geopolitical tensions and the diminishing likelihood of near-term Fed interest rate cuts. Investors are thus turning to smaller and lesser-known altcoins as they hunt for the best crypto to buy today.

10x Research Founder Markus Thielen who predicted Bitcoin’s recent pre-halving rally to all-time highs has turned bearish on risk assets such as technology stocks and cryptocurrencies.

As Ethereum’s price surges past $3,000 and BNB shows robust growth indicators, investors are closely watching these developments. Meanwhile, BlockDAG captures attention with its imminent presale, priced attractively at $0.006 in its upcoming Batch 10. This marks a significant milestone following a 500% growth since its inception.

Since November, Crypto.com has already brought in 700 people, with plans to add 500 more in customer services roles and 200 in corporate positions, CEO Kris Marszalek tells Bloomberg. The spree comes as the sector rebounds from a crypto winter that saw many major firms take an axe to their workforce amid the FTX collapse fallout and wider economic headwinds. In January 2023, Marszalek singled out the FTX debacle when announcing that Crypto.com would reduce its headcount by 20%.

Bitcoin briefly soared above $67,000 (€61,544) on Thursday morning, before once again settling around $61,544 in the afternoon. This was a considerable rebound following Wednesday’s dampened sentiment.

The central bank of the Pacific island country of Fiji has released a note to the public cautioning that cryptocurrencies and virtual assets such as Bitcoin, Ethereum, and Tether are not recognised as legal tender in the country.

Bitcoin may experience some selling pressure in the lead-up to the highly anticipated halving event, but the long-term outlook remains bullish. 

Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has reported robust revenues despite the highly volatile nature of cryptocurrency prices.

In this latest Bitcoin price prediction, the cryptocurrency is trading at $62,900, a slight decrease of around 0.65%. Recent developments, including the conditional approval of Bitcoin and Ether ETFs in Hong Kong and escalating Middle East tensions, influence market dynamics.

The Mollars ICO is nearing its final days. The initial coin offering will end in just under 30 days [1 month].  Most impressive in this last stage, the token presale has been highly successful with a majority 61% share of the ICO token supply now sold out.

The Bitcoin halving event is fast approaching and investors are bracing themselves for its impact. As of press time, it’s only seven days away. History shows that the aftermath of the halving event is heavily correlated with a rise in Bitcoin prices. Bitcoin’s eminence in the market means that even coins like Cosmos and Bittensor might be affected by the halving event. 

Ethereum has emerged as the leading victim of blockchain hacks in 2024, with 33 reported incidents, according to a recent study.

BlackRock’s Bitcoin exchange-traded fund (ETF) stands out as the sole spot Bitcoin fund in the United States to experience inflows in the first day of the week, while other ETFs have reported either zero inflows or even outflows. 

Bitcoin, a once-every-four-years software update called the «halving» has long been held as one of the keys to propping up its value. This time around, it's also set to trigger multibillion-dollar declines in revenue for the very companies that ensure the digital currency's smooth functioning, right on the heels of a surge in their biggest costs. Around April 20, the halving will cut the amount of Bitcoin that «miners» can earn each day for validating transactions to 450 from 900 now. Based on Bitcoin's current price, it could spell revenue losses of around $10 billion a year for the industry as a whole. Marathon Digital Holdings, CleanSpark, and other miners, which compete for a fixed Bitcoin reward by solving mathematical puzzles using superfast computers, have invested in new equipment and sought to buy smaller rivals in an attempt to cushion the drop-off in revenue.

With the bears back in control of the broader crypto market on Monday amid a continuation of concerns about the tense Iran/Israel situation and the latest strong US economic data, which will likely further deter the Fed from cutting interest rates, crypto traders are now flocking to the on-chain micro-cap markets as they hunt for top crypto gainers today.

Bitcoin (BTCUSD) traded flat while spot bitcoin exchange-traded funds (ETFs), which have been driving up bitcoin demand and consequently its price, experienced a rare week of net outflows as the markets geared up for the halving event later this week.

Political and economic uncertainty may have investors trading cautiously but with Bitcoin’s halving on Friday set to revitalize what has been an already breakout year for crypto, one exciting new presale is getting a look-in: 99Bitcoins.