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BitEagle News
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Bitcoin's on-chain transaction fees have surged to nearly $40, the highest since April 2021, due to Ordinals inscriptions. 📉 This spike could negatively impact Bitcoin's price. High fees may deter casual use and smaller investors, potentially reducing demand for BTC. #Bitcoin #transactionfees  

Bitcoin's on-chain transaction fees have surged to nearly $40, the highest since April 2021, due to Ordinals inscriptions.

📉 This spike could negatively impact Bitcoin's price.

High fees may deter casual use and smaller investors, potentially reducing demand for BTC.

#Bitcoin #transactionfees  

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> Grayscale inflows + 63 million. > Bitcoin above 62k. > Bears still want to short. > Bulls turned to bears at 57k. > Saudi bids. > Hong Kong bids. > Let’s have some fun. What else do you want for a bit of bullish relief? #Bitcoin #BullRun #BitEagleNews
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BREAKING: Grayscale Bitcoin Trust($GBTC) just had $63m INFLOWS for the first time since Bitcoin ETFs were launched on January 11! #etf #Bitcoin #BitEagleNews
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JUST IN: Short-term Bitcoin holders are holding on tight despite price drops, with only 26K BTC sold at a loss on May 1st, which is even lower than the previous day. This suggests a more measured approach from this group compared to past downturns. #Bitcoin #BitEagleNews
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Let me tell you a secret. Do you want to know why I am currently so bullish on crypto? Even thought $BTC is down 20% from all time highs. And Bitcoin halving has happened, Yet all price has done is just DUMP. Is there bull run over? No. Am I buying altcoins? Yes. Let me show you why. It’s simple. I want you to look at this chart below. The vertical lines indicate Bitcoin halving dates. Whenever there’s a halving, look what happens? We have a small correction, followed by a huge pump. That’s why I’m bullish. It can’t be this simple, right? Yes, it is. Look at past data. Look at what it’s showing you. Now, here’s another point. This will be the FINAL cycle, why? Returns diminish each cycle. After each halving, ROI drops roughly 4 times. - First halving, it was 12302%, - Second halving, it was 3243%, - Third halving, it was 764%. Don’t you see a pattern? Now let’s use this pst data to predict 2024/25. Following this trend, Expect post-upcoming halving returns around 191%. Let's be conservative and say 150%. So we’ve pulled back after halving which is normal, Now all is left if for Bitcoin to do is a 100%+ move. I’ve already shared many 10x altcoins I’m buying, Which include: $WEN $JUP $ALT $RAY Like this post and follow me, I’ll start sharing more tips to help you 🫂. #BullRun #BlackRock #BitEagleNews
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JUST IN: 🇮🇷 Iran is mining Bitcoin  and may have earned up to $1 BILLION $BTC in 2021 alone, according to US senator Elizabeth "Karen" Warren Iran is minting... 🤑 #Bitcoin #BitEagleNews
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