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💰 #MANA/USDT formed a falling wedge on weekly timeframe and now testing the resistance of the pattern🧐 Bull if breaks out✈️ Update soon, my friends 💫 #Bitcoin #trading #MANA #cryptocurrency #futures

💰 #MANA /USDT formed a falling wedge on weekly timeframe and now testing the resistance of the pattern🧐
Bull if breaks out✈️
Update soon, my friends 💫
#Bitcoin     #trading      #MANA     #cryptocurrency     #futures   

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Bitcoin Miners Reserves Plunge to 12-Year Low as BTC Halving Approaches Per data provided by IntoTheBlock, bitcoin reserves held by miners have considerably decreased. These reserves are standing at their lowest level in the past 12 years as the market eagerly awaits the upcoming Bitcoin halving event. Currently, 1.92 million BTC are held by leading mining pools represented by Viabtc, Bitfury, and Antpool. In the same period, the reserve has been falling, and miner outflows have grown by 52%. The Bitcoin network hashrate globally is currently lower than it used to be. It is currently at a level of 624 EH/s, having previously been at a maximum of 714.89 EH/s on March 24. Analysts believe that this will make the drop even more crucial. This is especially so for the problems that less mining efficiency operations will be likely to deal with when the block reward reduces. The scheduled Bitcoin halving will cut rewards in half, and this past week will amount to $445 million. As a result, miners’ profit from block rewards will be affected, having a considerable decrease. Experts predict a loss of about $10 billion for miners will occur with the change. Looking back to historical instances, we see that periods after halving normally entail price surges that often help restoration. However, this particular bull course does not use regular mechanisms, namely a pre-halving rise that may have been caused by Bitcoin ETF launches and may, therefore, produce different results. Transaction fees, which used to be miners’ main revenue stream, are now part of their income share. In this case, transaction fees contributed only $11 million, and block rewards contributed the bulk of earnings. The proportion of on-chain miner rewards fell to an all-time low of 0.08% and is forecasted to dip further from the onset of halving. Don’t miss updates, my friends 💫 #HotTrends #Halving #BTC #ETF #AltSeason

✅ Every 210,000 blocks the #Bitcoin block reward gets cut in half That is called the #Bitcoin halving We started with 50 $BTC reward 2012 halving ➡️ 25 $BTC 2016 halving ➡️ 12.5 $BTC 2020 halving ➡️ 6.25 $BTC 2024 halving ➡️ 3.125 $BTC And it will keep going down until all 21,000,000 #Bitcoin will be mined around the year 2140 #HotTrends #Halving #BTC #ETF #AltSeason

#ALTS MARKET CAP ANALYSIS The altcoins market cap is currently holding above the historical trendline and the MA 100 support on the 1D timeframe. The RSI is in the oversold region and has formed a hidden bullish divergence. A bullish rally is expected as long as it continues trading above the historical trendline, while a sustained breakdown would signify a bearish trend for altcoins. Update soon, my friends 💫 #TrendingTopic #crypto2024 #Launchpool #TradeNTell #dyor

#RNDR/USDT ANALYSIS RNDR is moving in a falling wedge followed by a bullish rally. It bounced from the MA 200 support with decent volume. We have to keep an eye on a solid breakout of the falling wedge for bullish confirmation. Wait for updates, my friends 💫 #Bitcoin #RNDR #Altcoins #cryptocurrency #futures

🚨What happened in Crypto in the last 12h?🚨 • Israel officially launches attack on Iran. #BRICSinfo • Coinbase International has announced the listing of $WIF perpetual futures on April 25. • $APT - Aptos Labs collaborates with Microsoft, Brevan Howard and SK Telecom to build out institutional platform Aptos Ascend. • $AMB - Airdao reveals the 'Star Fleet' initiative, long-term strategic plan to launch new products in 2024. • $ASM - Assemble Protocol has announced that it will be rebranding in May. • $BNB - Binance is launching Binance Megadrop, a new token launch platform. The first project will be Bouncebit $BB, a BTC restaking chain.- • $INJ - Injective is collaboration with Jambo, a Web3 mobile infrastructure company. • $LSK - Lisk has teased that plan is to announce snapshot height next week. • $NTRN - #astroport_fi migration to Neutron has been completed. • $NIBI - Nibiru Chain launches $15M Nibiru Builder Grants Program. • $STX - Binance will support the Stack's Nakamoto upgrade. The network upgrade and hard fork will take place on April 22. • $XCH - Chia project has made progress toward an IPO, according to coindesk. Don’t miss updates, my friends 💫 #Bitcoin #etf #Altcoins #cryptocurrency #Ethereum

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