Tags: halving

Despite mining fewer Bitcoin, Riot’s holdings reportedly surged 141% to 17,722 BTC following strategic acquisitions and fundraising efforts.

Market experts reveal that Bitcoin’s ongoing slump aligns with historical patterns seen in previous post-halving years.

Riot produced 1,104 Bitcoin in Q3 2024, maintaining last year’s production level despite challenges from the halving event.

Bitcoin’s “boring” price action could signal market maturity.

Bitcoin miner holdings have plummeted by 50% from the peak, marking the lowest level in over 5,000 days, or 14 years.

Trader Brandt suggests that Bitcoin’s current bull run resembles past post-halving cycles, potentially leading to a $150K by September 2025.

Despite occasional peaks, Runes’ fee revenue shows a declining trend post-launch, signaling a shift from initial high activity levels.

BitMEX’s Arthur Hayes said that the recent bitcoin slump was a “well-needed market cleansing.”

According to Bitfinex analysts, the benefits of the Bitcoin halving will start to show only after consolidation which could last two months.

PlanB’s S2F model predicts bitcoin hitting around $500K during the 2024-2028 period.

Bitcoin daily transaction fees have fallen from $80 million on the halving day to $3.4 million as of April 28.