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Bitcoin Miners Are Starting To Dump Their Coins... More than $200 million in BTC were sold by miners on Sunday, a three-month high, according to CryptoQuant. The difficulty for miners to do business has also become undeniable. With the fixed BTC block reward dropping by 50% to 3.125 BTC in April, and network fees staying relatively low, the industry has faced a seismic loss of revenue to which it is still adjusting. Due to the halving, CryptoQuant’s data showed that Bitcoin miners were “extremely underpaid” in May, and have only returned to being “fairly paid” in June. Since the halving, Bitcoin’s total hash rate has only declined by 4%, meaning it remains almost as difficult and costly to mine a Bitcoin block despite the decreased rewards. Despite the performance, many mining stocks have performed well since the halving, with Valkyrie Bitcoin Miner ETF (WGMI) rising 33% since that time.
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Expert Declares "Last Chance" to Buy Cheap Altcoins 📊 Expert Michaël van de Poppe believes now is the perfect time to invest in altcoins, as the market is in a "price vacuum." This is the last chance to buy altcoins at low prices. 🔍 Van de Poppe noted that while Solana is performing well and Bitcoin has reached a record high due to the launch of a spot ETF, altcoins have not yet shown growth. He expects this to change soon. 📉 Positive signals include the ECB's rate cut, potentially followed by the Fed, and the approval of form 19b-1 for Ethereum-ETF, which adds market optimism despite not being fully launched. 📈 The approval of a spot Bitcoin-ETF did not lead to immediate price increases in the past, but Bitcoin's price eventually rose from $40,000 to $73,000. Van de Poppe anticipates Ethereum funds launching soon and believes Ethereum will be classified as a commodity. 💡 He advises focusing on assets that haven't shown significant growth yet and promises to share his positions on social media.
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🐸📈 Meme Coins Brett, Bonk, and Pepe are Winning While the Market Snoozes! 😌 Even when the broader crypto market is having a nap, meme coins are out here throwing a party! Leading the fun are Base chain's Brett, Solana's Bonk, and Ethereum's Pepe. 💥 Brett (BRETT) is dancing at the top with a 7% jump, Pepe ($PEPE) leaping 6%, and Bonk ($BONK) climbing 4%. Brett even surged a massive 51% over the past week! 🏆 While Bitcoin and Ethereum are taking a breather, Brett is living its best life with a $1.7 billion market cap, now eyeing to flip its rival, $BONK. 🕺 Inspired by Matt Furie’s Boy’s Club, Brett is not just Pepe the Frog’s best friend but also a top gainer. Meanwhile, Pepe sits pretty with a $5.6 billion market cap, making it the third largest meme coin. Stay tuned as these meme coins continue their wild ride! 🚀💰
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