Bitcoin
2024 - 4 - 14Bitcoin Rollercoaster: From Tumble to Rebound Amid Global Tensions
Bitcoin - Cryptocurrency - Halving event - Market volatility - Middle East tensionsBitcoin's wild ride! Dive into the ups and downs of the cryptocurrency market as it weathers geopolitical storms.
Bitcoin, the king of cryptocurrencies, recently experienced a rollercoaster ride amid escalating tensions in the Middle East. After plummeting in response to geopolitical conflicts, Bitcoin saw a significant rebound, trading above $64,000 by Sunday morning. The same trend was observed with other major coins like ether, which also faced heavy selling but managed to recover slightly. The upcoming 'halving' event, set to reduce miners' daily earnings, adds another layer of complexity to Bitcoin's price movements, with predictions suggesting a potential value increase to $150,000 in the near future.
As Iran's missile and drone attack on Israel triggered a selloff in the crypto market, Bitcoin and other cryptocurrencies clawed back some territory in the following days. Despite the volatility, Bitcoin managed to bounce back from its steepest selloff in over a year, indicating potential market-wide turbulence on the horizon. The recent volatility underscores the importance of geopolitical events on the cryptocurrency market, showcasing how external factors can influence digital asset prices to a significant degree.
Amid the market fluctuations, one narrative stands out - Bitcoin as a potential solution to modern-day feudalism. With wealth consolidating in the hands of a few, some experts see Bitcoin as a way to break free from traditional power structures. The upcoming halving event, slated to impact miners by reducing their earnings, further emphasizes Bitcoin's unique ecosystem and its resilience to economic challenges.
In the midst of geopolitical tensions, Bitcoin continues to be a hot topic for investors and enthusiasts. As the market braces for potential pre-crash scenarios and post-halving dynamics, the cryptocurrency landscape remains an unpredictable yet intriguing space for both seasoned traders and newcomers. The halving event, a major milestone in Bitcoin's ecosystem, is expected to reshape the market dynamics, potentially propelling the cryptocurrency to new heights.
Bitcoin and other cryptocurrencies tumble amid Middle East tensions (CNBC)
By Sunday morning it had rebounded to trade above $64000. Other coins like ether also saw heavy selling, down by up 10% in some cases.
Bitcoin 'halving' will cost crypto miners $10 billion a year in lost ... (Fortune)
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.
Could Bitcoin Really Gain Another $1 Trillion in Value After the ... (Motley Fool)
The much-anticipated halving event could send Bitcoin soaring to a new all-time high of $150000.
Bitcoin and other cryptos rebound, but remain lower after Iran ... (MarketWatch)
Cryptocurrencies were clawing back some territory on Sunday, the day after a selloff following Iran's missile and drone attack on Israel.
Bitcoin (BTC) Price Rebounds After Iran's Attack on Israel (Bloomberg)
Bitcoin recovered from the steepest selloff in more than a year, an early indication of impending volatility across asset markets as investors digest the ...
Bitcoin recovers some of steep losses after Iran strikes Israel (DL News)
Bitcoin rebounds a bit after plunging on reports of Iran missile strikes against Israel. Binance executive who escaped custody in Nigeria is found in Kenya.
Bitcoin is the only way out of feudalism (CryptoSlate)
The following is a guest post by Kadan Stadelmann, the CTO of Komodo Blockchain. The US has undergone an immense consolidation of wealth and power in recent ...
Bitcoin Bonanza Before The Halving? Analyst Sees Pre-Crash ... (newsbtc.com)
Bitcoin, the pioneer and flagbearer of the digital currency realm, has once again captured the attention of investors. Recent market dynamics have.
Bitcoin nosedives as political tensions escalate in the Middle East (Cointelegraph)
Bitcoin price plummeted over 8.4% on April 13 after Iran launched an attack on Israel, escalating geopolitical conflicts in the Middle East.
Bitcoin 'Halving' Will Deal a $10 Billion Blow to Crypto Miners (Bloomberg Law)
For enthusiasts of 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.
Crypto Advocates Weigh in on Bitcoin's Sudden Drop Amid Middle ... (Bitcoin News)
On April 13, Iran initiated a drone strike on Israel followed by reports that unmanned aerial vehicles (UAVs) were intercepted by Israeli, U.S., and other ...
Bitcoin miners could dump $5B in BTC after halving: 10x Research (Cointelegraph)
Bitcoin miners are likely to start selling their holdings after the halving resulting in more pain for altcoins and the crypto markets trading sideways for ...
Bitcoin Halving Can Cost Crypto Miners $10 Billion In Losses (Coingape)
Many traders have started shorting mining stocks ahead of Bitcoin halving as the landscape continues to get capital intensive going ahead.
What does bitcoin's upcoming halving mean for prices? (CNBCAfrica.com)
Bitcoin's upcoming halving and its current bull run may not be a coincidence - the price of the cryptocurrency has often risen around the time of the event, ...
Bitcoin Rebounds From Slump Triggered by Iran's Attack on Israel (Yahoo Finance)
(Bloomberg) -- Bitcoin recovered from the steepest selloff in more than a year, an early indication of impending volatility across asset markets as ...
Bitcoin, crypto market tumbles as Iran-Israel tensions escalate (Yahoo Movies)
Middle East conflict triggers a sharp decline in Bitcoin and other cryptocurrencies, with significant market liquidations.
Only 6 altcoins in the top 50 have outperformed Bitcoin this year (Cointelegraph)
Only six altcoins of the top 50 largest tokens by market cap; Dogecoin, Shiba Inu, Stacks, BNB, Mantle, and Render, have outperformed Bitcoin so far this ...
This Is Why Bitcoin's Halving Could Trigger a $5 Billion Sell-Off (BeInCrypto)
Bitcoin halving to cut mining rewards to 3.125 BTC, affecting profitability. $5 billion Bitcoin sell-off expected as miners adjust to reduced rewards. $122,000 ...
Bitcoin Miners to Face $10 Billion Blow from Halving (U.Today)
Bitcoin miners will have to deal with the double-whammy of block reward reduction and growing competition from AI companies.
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