The most interestingly is "Yet to be mined BTC." 93.4% of Bitcoins have already been mined, so its price will grow and grow and someday will reach $1 million, or even more! đ„
On May 22nd, the Bitcoin spot ETF saw a total net inflow of $306 million, marking the 7th day in a row with positive net inflows.
The Grayscale Bitcoin Trust (GBTC) ETF had no net outflows for the day, while the BlackRock Bitcoin Trust (IBIT) ETF had a single-day inflow of $290 million.
The total net asset value of the Bitcoin spot ETF reached $58.910 billion.
Every four years or after every 210,000 blocks are mined, the Bitcoin protocol undergoes a significant event known as the Bitcoin halving. This event reduces the rewards miners receive for validating transactions on the network by half. The most recent Bitcoin halving occurred in May 2020, and the next one is expected around 2024.
Bitcoin halving is significant due to its impact on the supply dynamics of the cryptocurrency. By reducing the rate of new Bitcoin creation, halvings play a crucial role in controlling Bitcoin's inflation. This scarcity model is essential to Bitcoin's value proposition, resembling the characteristics of precious metals like gold, which are also finite in supply and highly valued.
Increased market speculation, volatility, and trading activity characterize the anticipation and aftermath of Bitcoin halving events, historically associated with significant price movements in the cryptocurrency market. As block rewards decrease, miners undergo changes in profitability, prompting adaptations in mining operations and adjustments to network difficulty levels.
In the grand theater of the financial markets, a dramatic shift has taken center stage. The bears, once growling in the spotlight, have retreated to the shadows, succumbing to slumber as the indomitable bulls seize the stage with a flourish. Amidst thunderous applause from investors, Bitcoin pirouettes into the limelight, boasting a 3.16% leap in value, now trading at a majestic $71,000. Whispers turn to roars as the bulls, emboldened by their recent victories, set their sights on the horizon, their eyes sparkling with a vision of Bitcoin reaching the illustrious milestone of $100,000. With the halving day approaching like the rising sun of opportunity, it seems the stage is set for the bulls to turn their eager dreams into a glittering reality. let's see if my $75,000 prediction for BTC would happen $BTC
It looks like the bears huddling around $69k have officially declared, 'No bulls allowed!' in their quest to keep the price from charging ahead. So, what's the forecast? A record-shattering high today, or is the bear blockade unbreakable? Cast your vote in our poll and predict the new ceiling after BTC gives the $69k speed bump a bullish leapfrog. Will it be a moonshot or a modest hop? Your guess is as good as mine!#Btc-halving
On March 10, 2024, at the crack of 08:57 AM (UTC), Binance's number-crunchers confirmed that BNB boldly leaped over the 510 USDT hedge, landing gracefully at 514.099976 USDT. It's not just a hop; it's a 5.83% high jump within a day. Looks like BNB has been hitting the gym hard, flexing its gains for all the market to see!
Do you think we would see a new all-time high this year $BNB
In a recent televised interview, BlackRock's CEO, Larry Fink, made a compelling case for Bitcoin, asserting its significance as a potential long-term store of value and a premier cross-border asset. Amidst increasing global financial uncertainty, Fink's comments have sparked discussions on cryptocurrency's role in the future of finance.
"Bitcoin could be a great long-term store of value," Fink stated, emphasizing its utility for those who harbor concerns about their government's stability or policies. He further elaborated on Bitcoin's unique position in the financial world, describing it as "better than any government" when it comes to offering a secure digital store of wealth. The acknowledgment of Bitcoin's value by the CEO of the world's largest asset manager is a significant indicator of changing perceptions towards cryptocurrency within the traditional financial sector. BlackRock's interest in Bitcoin also reflects a broader institutional acceptance of crypto assets, a trend that could potentially lead to increased investment and integration into conventional financial portfolios $BTC $SOL $ETH
#TrendingTopic $SOL $BTC $ETH It seems the meme coins are partying like itâs 2024, catching a ride on the Bitcoin bull express this week. But while theyâre living it up, the major altcoins are acting like wallflowers, seemingly immune to the market's dance beats. Which altcoin, in your opinion, is just waiting for the right song to jump into the crypto conga line? Drop your forecasts, inklings, or crypto crystal ball readings in the comments below! Letâs get the speculative symphony started.