Binance Square
BitcoinOurWorld
21,127 views
37 Posts
Hot
Latest
LIVE
LIVE
MILLION780
--
Bullish
BTC Halving Price History 18 days before 2012 halving, BTC was 46% down from ATH. 18 days before 2016 halving, BTC was 41% down from ATH 18 days before 2020 halving, #btc was 62.5% down from ATH. 18 days before 2024 halving, BTC is 10% down from ATH. This time it's different #btc $BTC #BinanceRiskteam #btc #BitcoinOurWorld
BTC Halving Price History
18 days before 2012 halving, BTC was 46% down from ATH.
18 days before 2016 halving, BTC was 41% down from ATH
18 days before 2020 halving, #btc was 62.5% down from ATH.
18 days before 2024 halving, BTC is 10% down from ATH.
This time it's different
#btc $BTC #BinanceRiskteam #btc #BitcoinOurWorld
Why $BTC and other cryptocurrencies have fallen...!❗❗❗ You might think this was a usual decline, as happened recently when BTC failed to break its resistance point. However, the reason behind the market fall is the Pre BTC Halving Effect. Let’s review some data: 1st Bitcoin Halving: Date: November 28, 2012 Reward reduction: 50 BTC to 25 BTC Total Bitcoin supply: About 10.5 million Price 1 day before: Around $11 per BTC 2nd Bitcoin Halving: Date: July 9, 2016 Reward reduction: 25 BTC to 12.5 BTC Total Bitcoin supply: About 15.75 million Price 1 day before: Around $657 per BTC 3rd Bitcoin Halving: Date: May 11, 2020 Reward reduction: 12.5 BTC to 6.25 BTC Total Bitcoin supply: About 18.375 million Price 1 day before: Around $8,600 per BTC 4th Bitcoin Halving (Estimated): Date: April 19, 2024 Reward reduction: Expected from 6.25 BTC to 3.125 BTC Total Bitcoin supply (Estimated): About 19.6875 million Price 1 day before: Cannot be accurately predicted. I understand it might be confusing. Let me explain... How Bitcoin actually works: Bitcoin didn't start like current ETH-based coins where developers mint as many coins as they want and start airdropping. BTC was programmed so that to obtain BTC, you must mine it. Even the founder of Bitcoin mined Bitcoin and stored it in his wallet. The more blocks in the network, the more complicated the mining process becomes. Miners are behind all transaction confirmations. If you haven’t read my post on Halving, I suggest you go and read it. I use simple words to explain. The issue is, the founder knew that as technology would evolve, mining would become easier. So more people would start mining Bitcoin, dramatically increasing market supply. Therefore, he decided to write a function that eventually halves the rewards. Eventually, there will be a point when the total supply decreases instead of increasing. This point is 21 million Bitcoin, which will be the max supply of Bitcoin in its lifetime. #BitcoinOurWorld #BullorBear #SHIB #Memecoins $BTC $ETH
Why $BTC and other cryptocurrencies have fallen...!❗❗❗
You might think this was a usual decline, as happened recently when BTC failed to break its resistance point. However, the reason behind the market fall is the Pre BTC Halving Effect.
Let’s review some data:
1st Bitcoin Halving:
Date: November 28, 2012
Reward reduction: 50 BTC to 25 BTC
Total Bitcoin supply: About 10.5 million
Price 1 day before: Around $11 per BTC
2nd Bitcoin Halving:
Date: July 9, 2016
Reward reduction: 25 BTC to 12.5 BTC
Total Bitcoin supply: About 15.75 million
Price 1 day before: Around $657 per BTC
3rd Bitcoin Halving:
Date: May 11, 2020
Reward reduction: 12.5 BTC to 6.25 BTC
Total Bitcoin supply: About 18.375 million
Price 1 day before: Around $8,600 per BTC
4th Bitcoin Halving (Estimated):
Date: April 19, 2024
Reward reduction: Expected from 6.25 BTC to 3.125 BTC
Total Bitcoin supply (Estimated): About 19.6875 million
Price 1 day before: Cannot be accurately predicted.
I understand it might be confusing. Let me explain...
How Bitcoin actually works:
Bitcoin didn't start like current ETH-based coins where developers mint as many coins as they want and start airdropping. BTC was programmed so that to obtain BTC, you must mine it. Even the founder of Bitcoin mined Bitcoin and stored it in his wallet.
The more blocks in the network, the more complicated the mining process becomes. Miners are behind all transaction confirmations. If you haven’t read my post on Halving, I suggest you go and read it. I use simple words to explain.
The issue is, the founder knew that as technology would evolve, mining would become easier. So more people would start mining Bitcoin, dramatically increasing market supply. Therefore, he decided to write a function that eventually halves the rewards. Eventually, there will be a point when the total supply decreases instead of increasing. This point is 21 million Bitcoin, which will be the max supply of Bitcoin in its lifetime.
#BitcoinOurWorld #BullorBear #SHIB #Memecoins $BTC $ETH
$BTC is the digital Gold now. No matter how many corrections it makes, #Bitcoin will now remain an expensive and valuable asset. All the big firms are now in a race to acquire this asset class; that should tell you something. #BitcoinAwareness #BitcoinOurWorld
$BTC is the digital Gold now.

No matter how many corrections it makes, #Bitcoin will now remain an expensive and valuable asset. All the big firms are now in a race to acquire this asset class; that should tell you something.

#BitcoinAwareness #BitcoinOurWorld
#BitcoinOurWorld #ProShares #ETFsApproval ProShares Introduces Enhanced Bitcoin ETFs The issuer of leveraged funds, ProShares, has launched two increased bitcoin products in response to investors' increasing need for investment vehicles that center around the largest cryptocurrency in the world by market value. The ProShares UltraShort Bitcoin ETF (SBIT), which has a -2x exposure, will take the opposite course from the ProShares Ultra Bitcoin ETF (BITU), which aims to double daily spot bitcoin gains. Two ETFs have a cost ratio of 0.95%, the company announced on Tuesday. According to etf.com analyst Sumit Roy, "many investors in bitcoin are traders looking to make a quick buck by buying and selling bitcoin over short time periods." "Those short-term traders can use leveraged bitcoin ETFs to get more bang for their buck when bitcoin rises." The enhanced funds are making their debut over three months after the Securities and Exchange Commission approved the 10 spot bitcoin ETFs to start trading. With more than $60 billion in assets under management, the ETFs—which include the Fidelity Wise Origin Bitcoin Fund (FBTC) and the iShares Bitcoin Trust (IBIT) by BlackRock Inc.—have been the most successful ETF launches ever. Since early January, the largest, IBIT, has created an astounding $18 billion under management. The ETF launches have contributed significantly to the staggering 57% increase in the price of bitcoin this year. However, over the last seven days, the price of bitcoin has dropped 4%, hovering at $66,000, or roughly where it was ten days ago, according to CoinMarketCap. Visit Bitcoin Mania Spot with leverage One option for investors to wager against or invest in cryptocurrencies is through bitcoin funds. They can increase the volatility of the asset even though they can assist some investors in hedging their exposure to bitcoin. According to ProShares CEO Michael L. Sapir, investors can "target a level of exposure with less money at risk" with BITU and SBIT, but leveraged and short exposure can typically be "onerous and expensive."
#BitcoinOurWorld #ProShares #ETFsApproval

ProShares Introduces Enhanced Bitcoin ETFs

The issuer of leveraged funds, ProShares, has launched two increased bitcoin products in response to investors' increasing need for investment vehicles that center around the largest cryptocurrency in the world by market value.

The ProShares UltraShort Bitcoin ETF (SBIT), which has a -2x exposure, will take the opposite course from the ProShares Ultra Bitcoin ETF (BITU), which aims to double daily spot bitcoin gains. Two ETFs have a cost ratio of 0.95%, the company announced on Tuesday.

According to etf.com analyst Sumit Roy, "many investors in bitcoin are traders looking to make a quick buck by buying and selling bitcoin over short time periods." "Those short-term traders can use leveraged bitcoin ETFs to get more bang for their buck when bitcoin rises."

The enhanced funds are making their debut over three months after the Securities and Exchange Commission approved the 10 spot bitcoin ETFs to start trading. With more than $60 billion in assets under management, the ETFs—which include the Fidelity Wise Origin Bitcoin Fund (FBTC) and the iShares Bitcoin Trust (IBIT) by BlackRock Inc.—have been the most successful ETF launches ever. Since early January, the largest, IBIT, has created an astounding $18 billion under management.

The ETF launches have contributed significantly to the staggering 57% increase in the price of bitcoin this year. However, over the last seven days, the price of bitcoin has dropped 4%, hovering at $66,000, or roughly where it was ten days ago, according to CoinMarketCap.

Visit Bitcoin Mania

Spot with leverage One option for investors to wager against or invest in cryptocurrencies is through bitcoin funds. They can increase the volatility of the asset even though they can assist some investors in hedging their exposure to bitcoin.

According to ProShares CEO Michael L. Sapir, investors can "target a level of exposure with less money at risk" with BITU and SBIT, but leveraged and short exposure can typically be "onerous and expensive."
Bitcoin ranks as the first cryptocurrency ever created, with a maximum supply of 21 million coins. #BTC......... #Cryptocurrency: Currently, over 19.6 million bitcoins are in circulation, with the total supply reaching its cap of 21 million by 2140. #BTC、 #Supply Bitcoin was issued on January 3, 2009, marking the beginning of a revolutionary era in decentralized finance. #BitcoinBirthday #Blockchain Bitcoin's all-time high price soared to over $73,000, attracting global attention and sparking intense market activity. #BitcoinOurWorld #CryptoBasics Despite its highs, Bitcoin's all-time low price stands at $0.04864... as a testament to its volatility, presenting both risks and opportunities for investors. #BitcoinATL #MarketFluctuations
Bitcoin ranks as the first cryptocurrency ever created, with a maximum supply of 21 million coins. #BTC......... #Cryptocurrency:

Currently, over 19.6 million bitcoins are in circulation, with the total supply reaching its cap of 21 million by 2140. #BTC、 #Supply

Bitcoin was issued on January 3, 2009, marking the beginning of a revolutionary era in decentralized finance. #BitcoinBirthday #Blockchain

Bitcoin's all-time high price soared to over $73,000, attracting global attention and sparking intense market activity. #BitcoinOurWorld #CryptoBasics

Despite its highs, Bitcoin's all-time low price stands at $0.04864... as a testament to its volatility, presenting both risks and opportunities for investors. #BitcoinATL #MarketFluctuations
The U.S. government transferred nearly $2 billion in Bitcoin to Coinbase, triggering Selling ConcernMarket participants have been paying attention to the transfer of Bitcoin addresses by the U.S. government, as any sales actions are likely to affect the price of cryptocurrencies. Typically, an increase in the amount of Bitcoin flowing into exchange wallet addresses increases selling pressure on assets and triggers a drop in asset prices. According to Arkham Intelligence, on April 2, 2024, the U.S. government executed a Bitcoin transfer involving nearly $2 billion, transferring tokens to Coinbase Prime addresses in several transactions. The transfer amounted to 30,174.70 BTC and was successfully processed at block height 837,413. In recent years, the U.S. Department of Justice has accumulated a large amount of BTC through crackdowns including Silk Road, Bitfinex hacking, and the James Zhong case. The last confirmed sale was in March 2023, when the government seized approximately 50,000 bitcoins associated with the Silk Road website in late 2022, selling 9,861 bitcoins for $216 million. As of 1:10 p.m. ET on April 2, the U.S. government still holds 215,246 BTC (worth $14 billion) and 50,147 ETH (worth $163 million). Bitcoin had already fallen sharply that day, and after the news came out, Bitcoin fell further, falling below $65,000, and has since rebounded slightly. Crypto analyst and commentator Phyrex commented on the X platform: "I heard that this sale transferred to the exchange has been traded, and now it is delivery. If so, it depends on the delivery price and the choice of the new holder." #BitcoinHalvingDrama #BitcoinOurWorld $BTC

The U.S. government transferred nearly $2 billion in Bitcoin to Coinbase, triggering Selling Concern

Market participants have been paying attention to the transfer of Bitcoin addresses by the U.S. government, as any sales actions are likely to affect the price of cryptocurrencies. Typically, an increase in the amount of Bitcoin flowing into exchange wallet addresses increases selling pressure on assets and triggers a drop in asset prices.

According to Arkham Intelligence, on April 2, 2024, the U.S. government executed a Bitcoin transfer involving nearly $2 billion, transferring tokens to Coinbase Prime addresses in several transactions. The transfer amounted to 30,174.70 BTC and was successfully processed at block height 837,413.

In recent years, the U.S. Department of Justice has accumulated a large amount of BTC through crackdowns including Silk Road, Bitfinex hacking, and the James Zhong case. The last confirmed sale was in March 2023, when the government seized approximately 50,000 bitcoins associated with the Silk Road website in late 2022, selling 9,861 bitcoins for $216 million.

As of 1:10 p.m. ET on April 2, the U.S. government still holds 215,246 BTC (worth $14 billion) and 50,147 ETH (worth $163 million).

Bitcoin had already fallen sharply that day, and after the news came out, Bitcoin fell further, falling below $65,000, and has since rebounded slightly.

Crypto analyst and commentator Phyrex commented on the X platform: "I heard that this sale transferred to the exchange has been traded, and now it is delivery. If so, it depends on the delivery price and the choice of the new holder."
#BitcoinHalvingDrama
#BitcoinOurWorld
$BTC
LIVE
SKALE
--
SKALE has surpassed $6,000,000,000 saved on gas fees! 🚀💸 With 350+ Million transactions, 25 Million UAWs, and over 300 ecosystem partners, SKALE's limitlessly scalable, zero-gas fee infrastructure is reshaping the future of blockchain. ⛓️
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number