News list for "halving"
James Check, principal analyst at Glassnode, said the Bitcoin market cycle was not anchored to the halving event, as is commonly believed, but was driven by other factors, such as bull and bear cycles. "In my opinion, Bitcoin has gone through three cycles, but they are not centered around halving," Check said on Wednesday, referring to the blockchain's cut in mining rewards every four years...
Wall Street bank JPMorgan Chase released a report revealing that the profitability of bitcoin miners hit the highest level since the last halving event in July, with daily block reward revenue averaging $57,400/EH/s, an increase of 4% from June. In terms of stock performance, ten of the US-listed miners outperformed bitcoin in July. Argo Blockchain (ARBK) performed well, rising 66%, while Core Scientific (CORZ) underperformed, falling 21%.
According to Coinglass data, bitcoin has historically performed well in the first quarter of the second year after the halving, with specific data being: 539.96% in the first quarter of 2013; 11.89% in the first quarter of 2017; and 103.17% in the first quarter of 2021.
Bitcoin's "halving", the approval of Bitcoin and Ethereum spot ETFs in the United States, and Trump's victory have driven the market value of cryptocurrencies to soar. According to Coingecko data, the total market value of cryptocurrencies has risen from about $1.60 trillion at the beginning of the year to a peak near $4 trillion. Among them, the price of bitcoin rose by 120.88% throughout the year. It broke through the 80,000, 90,000 and 100,000 dollar mark within a month after Trump's victory,...
Gold Ten Futures, December 27th, Dashang: From January 1, 2025 to December 31, 2025, our firm will implement the following fee reduction measures, except for high-frequency traders identified by the exchange, and will be exempt from futures delivery fees. Exemption of standard warehouse receipt transfer payment collection and payment fees. Exemption of standard warehouse receipt as margin handling fees. Exemption of period cashback handling fees. Halving of hedging transaction fees.
CICC: From January 1, 2025 to December 31, 2025, the stock index futures and government bond futures delivery fees, stock index option call-over (performance) fees will be charged by half, except for high-frequency traders identified by the exchange.
Public chain Zilliqa tweeted that the proposal to halve mining rewards has been approved, and starting from October, monthly mining rewards will be reduced by 50% each month.
Rekt Capital compared Bitcoin's post-halving period in 2020 and 2024 and found a high degree of similarity. After both halving events, Bitcoin entered a phase of re-accumulation that lasted about 161 days. In 2020, the period ended in a parabolic rally as Bitcoin broke through its repeatedly tested resistance level. The support and resistance levels in both periods show continued testing and retesting for possible upward momentum.
The halving impact led to a decrease in fee income, and block subsidies became the main source of income for bitcoin miners. Of the $25.35 million miners earned per day on September 13, only $398,860 came from transaction fees, or just 1.6% of total revenue. This is a significant change from the previous period, when transaction fees topped out at more than 40% of miners' revenue. Analysts say that with block subsidies halved every four years, transaction fees will only grow in importance in cyb...
In the wake of Bitcoin's halving, publicly traded mining companies are turning to debt financing to increase their cash flow. According to BlocksBridge Consulting, which is based on earnings reports, nine of the 13 publicly traded U.S. companies raised a combined $1.25 billion through equity offerings in the second quarter of 2024. These include Bitdeer, Bitfarms, Cipher, CleanSpark, Core, HIVE, Marathon, Riot, and Terawulf. In addition, Iris Energy raised $458 million in the last quarter, bring...
