The U.S. Federal Reserve is set to convene its monthly Federal Open Market Committee (FOMC) meeting to evaluate the state of the economy and determine if the central bank should adjust the federal funds rate. The prevailing market sentiment suggests that the FOMC members are likely to maintain the current rate this week, with a […]
On July 1, 2024, at 8 a.m. EDT, ethereum is trading for $ 3,457, with an intraday price range between $ 3,374 and $ 3,514. The 24-hour trading volume reached $ 10.35 billion, contributing to a market capitalization of $ 415 billion on Monday morning. Ethereum The ETH/USD 1-hour chart …
Although Bitcoin’s halving is expected to result in reduced block rewards for miners, several CEOs of bitcoin mining firms maintain a bullish outlook. In addition to investing in more efficient equipment, miners believe spot bitcoin exchange-traded funds (ETFs) will continue to drive up the value of the cryptocurrency. Bitcoin Halving to Cost Miners Billions in […]
Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following this adjustment, there will be 1,344 blocks remaining until the reward is halved. Estimated Increase in Difficulty Precedes Halving In April, bitcoin (BTC) miners face […]
Global investment bank JPMorgan has warned of additional outflow from Grayscale’s bitcoin fund, cautioning that it will put “further pressure on bitcoin prices over the coming weeks.” The bank’s analyst also explained that the $ 3 billion inflow into new spot bitcoin exchange-traded funds (ETFs) “reflects a rotation from existing bitcoin vehicles” or “from …