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Bitcoin’s Average Transaction Fee Dips to $34.8 After Hitting $128.45Bitcoin’s average transaction fee has plummeted to $34.8 following last day’s record high of $128.45. The transaction fee surge is likely due to the community’s rush to create Rune-based meme coins. Bitcoin critic Peter Schiff slammed Bitcoin as a failure when its transaction fee reached historical highs. Bitcoin’s average transaction fee plummeted to $34.8 on April 21, following last day’s record high of $128.45. YCharts data indicated a historical high of Bitcoin transaction fees on the day of the much-hyped Bitcoin Halving from a previous high of $24.51 on April 12. Source: YCharts The average transaction fee refers to the average fee for processing a miner’s Bitcoin transaction. Notably, the surge in Bitcoin transaction fees coincides with the launch of Casey Rodarmor’s Runes protocol, a BRC-20-like token. The transaction fee seems to have increased as a result of the community’s rush to create new rune-based meme coins. Following the hike in Bitcoin transaction fees, Bitcoin critic Peter Schiff chastised the cryptocurrency, discrediting it as a digital asset. His major concerns were centered around the high transaction fees and the longer duration of the process. The cost to complete a #Bitcoin transaction is now $128 and it takes a half hour to process. This is another reason why Bitcoin can't function as a digital currency. The cost to actually use Bitcoin as a currency is prohibitively high for almost all transactions. It's a failure. — Peter Schiff (@PeterSchiff) April 22, 2024 Further, Schiff addressed Bitcoin as an utter “failure” as a digital asset. His post read, “The cost to complete a Bitcoin transaction is now $128 and it takes a half hour to process. This is another reason why Bitcoin can’t function as a digital currency. The cost to actually use Bitcoin as a currency is prohibitively high for almost all transactions. It’s a failure.” Meanwhile, Bitcoin is moving somewhat stable above the $66k level despite the recent lows. Following the Bitcoin halving, BTC is fluctuating between $63k and $66k levels. As of press time, Bitcoin is trading at $66,283. Despite a slight increase of 1.73% in one day, Bitcoin has been experiencing a bearish trend over the month, with marginal dips of 0.11% and 0.33% in the past week and past month, respectively. The post Bitcoin’s Average Transaction Fee Dips to $34.8 After Hitting $128.45 appeared first on Coin Edition.

Bitcoin’s Average Transaction Fee Dips to $34.8 After Hitting $128.45

Bitcoin’s average transaction fee has plummeted to $34.8 following last day’s record high of $128.45.

The transaction fee surge is likely due to the community’s rush to create Rune-based meme coins.

Bitcoin critic Peter Schiff slammed Bitcoin as a failure when its transaction fee reached historical highs.

Bitcoin’s average transaction fee plummeted to $34.8 on April 21, following last day’s record high of $128.45. YCharts data indicated a historical high of Bitcoin transaction fees on the day of the much-hyped Bitcoin Halving from a previous high of $24.51 on April 12.

Source: YCharts

The average transaction fee refers to the average fee for processing a miner’s Bitcoin transaction. Notably, the surge in Bitcoin transaction fees coincides with the launch of Casey Rodarmor’s Runes protocol, a BRC-20-like token. The transaction fee seems to have increased as a result of the community’s rush to create new rune-based meme coins.

Following the hike in Bitcoin transaction fees, Bitcoin critic Peter Schiff chastised the cryptocurrency, discrediting it as a digital asset. His major concerns were centered around the high transaction fees and the longer duration of the process.

The cost to complete a #Bitcoin transaction is now $128 and it takes a half hour to process. This is another reason why Bitcoin can't function as a digital currency. The cost to actually use Bitcoin as a currency is prohibitively high for almost all transactions. It's a failure.

— Peter Schiff (@PeterSchiff) April 22, 2024

Further, Schiff addressed Bitcoin as an utter “failure” as a digital asset. His post read,

“The cost to complete a Bitcoin transaction is now $128 and it takes a half hour to process. This is another reason why Bitcoin can’t function as a digital currency. The cost to actually use Bitcoin as a currency is prohibitively high for almost all transactions. It’s a failure.”

Meanwhile, Bitcoin is moving somewhat stable above the $66k level despite the recent lows. Following the Bitcoin halving, BTC is fluctuating between $63k and $66k levels. As of press time, Bitcoin is trading at $66,283. Despite a slight increase of 1.73% in one day, Bitcoin has been experiencing a bearish trend over the month, with marginal dips of 0.11% and 0.33% in the past week and past month, respectively.

The post Bitcoin’s Average Transaction Fee Dips to $34.8 After Hitting $128.45 appeared first on Coin Edition.
Base Network Sets Record High in Contract Deployers, Reaches 21.7KThe Base network has seen a major surge in contract deployers, setting record highs. On April 20, the number of contract deployers reached a staggering 21,700.  The active users on the Base network have surged by 63% in the last month, reaching 3.8 million. The Base network has recently set a record high of contract deployers. Chinese crypto reporter Colin Wu shared an X post on his Wu Blockchain page, shedding light on Base’s 21,700 contract deployers marked on April 20, with a fee of $164.618K. According to Token Terminal, the number of contract deployers on the Base network in a single day recently reached 21,700, setting a record high. Contract deployers refer to the number of EOAs for transactions that initiate smart contract creation. Previously, Base protocol head… — Wu Blockchain (@WuBlockchain) April 22, 2024 In a recent X post, Token Terminal reflected on Base protocol head Jesse Pollak’s previous public statement hinting at Base’s vision of 1 million developers. While Token Terminal reiterated Pollak’s words that echoed “one million developers,” “one billion users,” and “onchain,” Pollak reposted the thread. Token Terminal further posited that just after 10 months of launch, the Base network boasts 22,000 developers launching apps daily. BUILDERS, BUILDERS, BUILDERS@jessepollak's publicly stated goal for @base is to bring:1. one million developers, and2. one billion users3. onchainWhere is Base today?~10 months from launch, ~22K developers* launch apps on Base each day. pic.twitter.com/MlJaLIkvmL — Token Terminal (@tokenterminal) April 21, 2024 The term ‘contract deployers’ is used to refer to “the number of EOAs for transactions that initiate smart contract creation.” Token Terminal’s contract deployers’ chart shows a substantial hike in the number over the past week, especially on April 20, which marked a historical high. Source: Token Terminal Previously, during the launch of the Ethereum Layer 2 network, Base, the protocol head Jesse Pollak publicly declared that Base’s ultimate aim is to attract 1 billion users into the economy. His words read, Our goal with Base is to make onchain the next online and onboard one billion users into the cryptoeconomy. In pursuit of this goal, Base will serve as both a home for Coinbase’s onchain products and an open ecosystem where anyone can build. According to Token Terminal, the active daily users of the network also exhibit a positive pattern. The daily active users have surged by more than 45%, reaching 352.70K, while the monthly active users have reached 3.8 million with a 63.1% hike. The post Base Network Sets Record High in Contract Deployers, Reaches 21.7K appeared first on Coin Edition.

Base Network Sets Record High in Contract Deployers, Reaches 21.7K

The Base network has seen a major surge in contract deployers, setting record highs.

On April 20, the number of contract deployers reached a staggering 21,700. 

The active users on the Base network have surged by 63% in the last month, reaching 3.8 million.

The Base network has recently set a record high of contract deployers. Chinese crypto reporter Colin Wu shared an X post on his Wu Blockchain page, shedding light on Base’s 21,700 contract deployers marked on April 20, with a fee of $164.618K.

According to Token Terminal, the number of contract deployers on the Base network in a single day recently reached 21,700, setting a record high. Contract deployers refer to the number of EOAs for transactions that initiate smart contract creation. Previously, Base protocol head…

— Wu Blockchain (@WuBlockchain) April 22, 2024

In a recent X post, Token Terminal reflected on Base protocol head Jesse Pollak’s previous public statement hinting at Base’s vision of 1 million developers. While Token Terminal reiterated Pollak’s words that echoed “one million developers,” “one billion users,” and “onchain,” Pollak reposted the thread. Token Terminal further posited that just after 10 months of launch, the Base network boasts 22,000 developers launching apps daily.

BUILDERS, BUILDERS, BUILDERS@jessepollak's publicly stated goal for @base is to bring:1. one million developers, and2. one billion users3. onchainWhere is Base today?~10 months from launch, ~22K developers* launch apps on Base each day. pic.twitter.com/MlJaLIkvmL

— Token Terminal (@tokenterminal) April 21, 2024

The term ‘contract deployers’ is used to refer to “the number of EOAs for transactions that initiate smart contract creation.” Token Terminal’s contract deployers’ chart shows a substantial hike in the number over the past week, especially on April 20, which marked a historical high.

Source: Token Terminal

Previously, during the launch of the Ethereum Layer 2 network, Base, the protocol head Jesse Pollak publicly declared that Base’s ultimate aim is to attract 1 billion users into the economy. His words read,

Our goal with Base is to make onchain the next online and onboard one billion users into the cryptoeconomy. In pursuit of this goal, Base will serve as both a home for Coinbase’s onchain products and an open ecosystem where anyone can build.

According to Token Terminal, the active daily users of the network also exhibit a positive pattern. The daily active users have surged by more than 45%, reaching 352.70K, while the monthly active users have reached 3.8 million with a 63.1% hike.

The post Base Network Sets Record High in Contract Deployers, Reaches 21.7K appeared first on Coin Edition.
Base Network Sets Record High in Contract Deployers, Reaches 21.7KThe Base network has seen a major surge in contract deployers, setting record highs. On April 20, the number of contract deployers reached a staggering 21,700.  The active users on the Base network have surged by 63% in the last month, reaching 3.8 million.  The Base network has recently set a record high of contract deployers. Chinese crypto reporter Colin Wu shared an X post on his Wu Blockchain page, shedding light on Base’s 21,700 contract deployers marked on April 20, with a fee of $164.618K. According to Token Terminal, the number of contract deployers on the Base network in a single day recently reached 21,700, setting a record high. Contract deployers refer to the number of EOAs for transactions that initiate smart contract creation. Previously, Base protocol head… — Wu Blockchain (@WuBlockchain) April 22, 2024 In a recent X post, Token Terminal reflected on Base protocol head Jesse Pollak’s previous public statement hinting at Base’s vision of 1 million developers. While Token Terminal reiterated Pollak’s words that echoed “one million developers,” “one billion users,” and “onchain,” Pollak reposted the thread. Token Terminal further posited that just after 10 months of launch, the Base network boasts 22,000 developers launching apps daily. BUILDERS, BUILDERS, BUILDERS@jessepollak's publicly stated goal for @base is to bring:1. one million developers, and2. one billion users3. onchainWhere is Base today?~10 months from launch, ~22K developers* launch apps on Base each day. pic.twitter.com/MlJaLIkvmL — Token Terminal (@tokenterminal) April 21, 2024 The term ‘contract deployers’ is used to refer to “the number of EOAs for transactions that initiate smart contract creation.” Token Terminal’s contract deployers’ chart shows a substantial hike in the number over the past week, especially on April 20, which marked a historical high. Source: Token Terminal Previously, during the launch of the Ethereum Layer 2 network, Base, the protocol head Jesse Pollak publicly declared that Base’s ultimate aim is to attract 1 billion users into the economy. His words read, “Our goal with Base is to make onchain the next online and onboard one billion users into the cryptoeconomy. In pursuit of this goal, Base will serve as both a home for Coinbase’s onchain products and an open ecosystem where anyone can build.” According to Token Terminal, the active daily users of the network also exhibit a positive pattern. The daily active users have surged by more than 45%, reaching 352.70K, while the monthly active users have reached 3.8 million with a 63.1% hike. The post Base Network Sets Record High in Contract Deployers, Reaches 21.7K appeared first on Coin Edition.

Base Network Sets Record High in Contract Deployers, Reaches 21.7K

The Base network has seen a major surge in contract deployers, setting record highs.

On April 20, the number of contract deployers reached a staggering 21,700. 

The active users on the Base network have surged by 63% in the last month, reaching 3.8 million. 

The Base network has recently set a record high of contract deployers. Chinese crypto reporter Colin Wu shared an X post on his Wu Blockchain page, shedding light on Base’s 21,700 contract deployers marked on April 20, with a fee of $164.618K.

According to Token Terminal, the number of contract deployers on the Base network in a single day recently reached 21,700, setting a record high. Contract deployers refer to the number of EOAs for transactions that initiate smart contract creation. Previously, Base protocol head…

— Wu Blockchain (@WuBlockchain) April 22, 2024

In a recent X post, Token Terminal reflected on Base protocol head Jesse Pollak’s previous public statement hinting at Base’s vision of 1 million developers. While Token Terminal reiterated Pollak’s words that echoed “one million developers,” “one billion users,” and “onchain,” Pollak reposted the thread. Token Terminal further posited that just after 10 months of launch, the Base network boasts 22,000 developers launching apps daily.

BUILDERS, BUILDERS, BUILDERS@jessepollak's publicly stated goal for @base is to bring:1. one million developers, and2. one billion users3. onchainWhere is Base today?~10 months from launch, ~22K developers* launch apps on Base each day. pic.twitter.com/MlJaLIkvmL

— Token Terminal (@tokenterminal) April 21, 2024

The term ‘contract deployers’ is used to refer to “the number of EOAs for transactions that initiate smart contract creation.” Token Terminal’s contract deployers’ chart shows a substantial hike in the number over the past week, especially on April 20, which marked a historical high.

Source: Token Terminal

Previously, during the launch of the Ethereum Layer 2 network, Base, the protocol head Jesse Pollak publicly declared that Base’s ultimate aim is to attract 1 billion users into the economy. His words read,

“Our goal with Base is to make onchain the next online and onboard one billion users into the cryptoeconomy. In pursuit of this goal, Base will serve as both a home for Coinbase’s onchain products and an open ecosystem where anyone can build.”

According to Token Terminal, the active daily users of the network also exhibit a positive pattern. The daily active users have surged by more than 45%, reaching 352.70K, while the monthly active users have reached 3.8 million with a 63.1% hike.

The post Base Network Sets Record High in Contract Deployers, Reaches 21.7K appeared first on Coin Edition.
FTX Estate to Proceed With the Sale of Locked Solana Tokens Via AuctionFTX is set to sell another batch of its SOL holdings via an auction.  The sale will not happen at a set price like the previous ones. The firm recently sold $1.9 billion and $2.6 billion worth of SOL tokens. Bankrupt digital asset trading platform, FTX, is set to offload its locked Solana (SOL) bag via an auction, confirmed by Mike Cagney, the co-founder and CEO of Figure Markets, a decentralized platform built for traders and investors.  The crypto space has set its eyes on the next sale of the locked SOL tokens, and Cagney confirmed that the sale will not happen at a fixed price for the entire holding but will take place via an auction.  Further, Cagney’s Figure Markets intends to create a Special Purpose Vehicle (SPV) to compete in upcoming SOL auctions from the FTX estate. The SPV will be available to any non-US investor (subject to KYC) and to accredited US investors. The FTX estate recently carried out the sale of $1.9 billion worth of SOL tokens, which were bought by leading crypto-focused firms such as Mike Novogratz’s Galaxy Digital and Pantera Capital.  The stash of locked Solana tokens, which formed the bulk of FTX’s digital assets before its collapse, has stirred keen interest among buyers ready to gamble on a discounted purchase. These tokens can’t be sold by the buyers until a future date.The recent sale of roughly two-thirds of FTX’s holdings raked in $2.6 billion at a rate of approximately $60 per token. With Solana’s current value sitting at around $150, the decision to buy seems promising. However, the volatile nature of cryptocurrency means the price could shift dramatically before the tokens are unlocked for sale. The post FTX Estate to Proceed With the Sale of Locked Solana Tokens via Auction appeared first on Coin Edition.

FTX Estate to Proceed With the Sale of Locked Solana Tokens Via Auction

FTX is set to sell another batch of its SOL holdings via an auction. 

The sale will not happen at a set price like the previous ones.

The firm recently sold $1.9 billion and $2.6 billion worth of SOL tokens.

Bankrupt digital asset trading platform, FTX, is set to offload its locked Solana (SOL) bag via an auction, confirmed by Mike Cagney, the co-founder and CEO of Figure Markets, a decentralized platform built for traders and investors. 

The crypto space has set its eyes on the next sale of the locked SOL tokens, and Cagney confirmed that the sale will not happen at a fixed price for the entire holding but will take place via an auction. 

Further, Cagney’s Figure Markets intends to create a Special Purpose Vehicle (SPV) to compete in upcoming SOL auctions from the FTX estate. The SPV will be available to any non-US investor (subject to KYC) and to accredited US investors.

The FTX estate recently carried out the sale of $1.9 billion worth of SOL tokens, which were bought by leading crypto-focused firms such as Mike Novogratz’s Galaxy Digital and Pantera Capital. 

The stash of locked Solana tokens, which formed the bulk of FTX’s digital assets before its collapse, has stirred keen interest among buyers ready to gamble on a discounted purchase. These tokens can’t be sold by the buyers until a future date.The recent sale of roughly two-thirds of FTX’s holdings raked in $2.6 billion at a rate of approximately $60 per token. With Solana’s current value sitting at around $150, the decision to buy seems promising. However, the volatile nature of cryptocurrency means the price could shift dramatically before the tokens are unlocked for sale.

The post FTX Estate to Proceed With the Sale of Locked Solana Tokens via Auction appeared first on Coin Edition.
Runestone NFT Floor Price Crashes to 0.03 BTC After Meme Coin AirdropThe floor price of the Runestone NFT collection dropped 55% to 0.033 BTC. On April 11, the floor price hit an all-time high of 0.095114 BTC. The holders of the NFTs are eligible for three airdrops, one of which is complete. The floor price of Runestone non-fungible token (NFT) collection dropped significantly over the past 24 hours following the snapshot taken at Bitcoin block 840,269 for the airdrop of a meme coin to Runestone holders.  According to the data from CoinGecko, the floor price of the NFT collection dipped almost 55% in 24 hours, currently amounting to 0.033 BTC (around $2,168). Additionally, the 24-hour trading volume of the collection also dipped by 55% to 2.63 BTC. The all-time high floor price for Runestone was witnessed on April 11 when the Bitcoin-based NFT collection hit the price tag of 0.095114 BTC (approximately $6,250). CoinGecko also confirmed that as of April 22, there are a total of 112,400 Runestone NFTs minted, held by 75,540 unique owners, and the collection has a total market cap of $244,562,012. The creator of Runestone, Leonidas, on social media platform X, addressed the concerns of the digital asset community surrounding the crash of the floor price of the NFTs post snapshot, stating: ”Inevitably some low IQ folks will complain that the floor of Runestone drops after this snapshot. This is obviously an irrational take. You should think of the value of a Runestone as the total value you received from it after the moment you were airdropped it or bought it.” Leonidas stated that holders must consider the fact that, in total, the holders of the Runestone NFTs will be eligible for three airdrops, one of which is complete. The creator noted that one should “look back at the total value of DOG and all other airdrops to Runestone holders when calculating the total value of the original Runestone airdrop.” The post Runestone NFT Floor Price Crashes to 0.03 BTC After Meme Coin Airdrop appeared first on Coin Edition.

Runestone NFT Floor Price Crashes to 0.03 BTC After Meme Coin Airdrop

The floor price of the Runestone NFT collection dropped 55% to 0.033 BTC.

On April 11, the floor price hit an all-time high of 0.095114 BTC.

The holders of the NFTs are eligible for three airdrops, one of which is complete.

The floor price of Runestone non-fungible token (NFT) collection dropped significantly over the past 24 hours following the snapshot taken at Bitcoin block 840,269 for the airdrop of a meme coin to Runestone holders. 

According to the data from CoinGecko, the floor price of the NFT collection dipped almost 55% in 24 hours, currently amounting to 0.033 BTC (around $2,168). Additionally, the 24-hour trading volume of the collection also dipped by 55% to 2.63 BTC.

The all-time high floor price for Runestone was witnessed on April 11 when the Bitcoin-based NFT collection hit the price tag of 0.095114 BTC (approximately $6,250). CoinGecko also confirmed that as of April 22, there are a total of 112,400 Runestone NFTs minted, held by 75,540 unique owners, and the collection has a total market cap of $244,562,012.

The creator of Runestone, Leonidas, on social media platform X, addressed the concerns of the digital asset community surrounding the crash of the floor price of the NFTs post snapshot, stating:

”Inevitably some low IQ folks will complain that the floor of Runestone drops after this snapshot. This is obviously an irrational take. You should think of the value of a Runestone as the total value you received from it after the moment you were airdropped it or bought it.”

Leonidas stated that holders must consider the fact that, in total, the holders of the Runestone NFTs will be eligible for three airdrops, one of which is complete. The creator noted that one should “look back at the total value of DOG and all other airdrops to Runestone holders when calculating the total value of the original Runestone airdrop.”

The post Runestone NFT Floor Price Crashes to 0.03 BTC After Meme Coin Airdrop appeared first on Coin Edition.
Grayscale’s Latest Filing Will Introduce a Mini ETF With 0.15% FeesGrayscale is doubling down in its pursuit of a Grayscale Bitcoin Mini Trust ETF. According to its filing, the firm set the Mini ETF management fees at 0.15%. Nate Geraci thinks Grayscale could consider further reducing the fees to 0.10%. Grayscale is doubling down in its pursuit of a Grayscale Bitcoin Mini Trust ETF. In a recent filing, the renowned investment firm revealed its intention to set the management fee for the proposed product at 0.15%. That would make it the lowest management fee in the ETF market and provide more opportunities for investors. Following the filing, Nate Geraci, the president of The ETF Store, termed Grayscale’s move a positive. According to Geraci, the investment firm could reduce the fees to 0.10%. Posting on X, the ETF Chief noted that Grayscale can subsidize w/GBTC revenue and pressure competitors.  If mini-GBTC launches at 15bps, it would be lowest cost spot btc ETF…Think correct move by Grayscale & should even consider pricing at 10bps.They can subsidize w/ GBTC revenue & pressure competitors.Remember, idea is GBTC = trading vehicle, while BTC = buy & hold vehicle. pic.twitter.com/RMXbwK1f0Y — Nate Geraci (@NateGeraci) April 20, 2024 According to reports, the recent Grayscale filing with the U.S. Securities and Exchange Commission (SEC) will provide investors with a lower cost structure than the existing Grayscale Bitcoin Trust (GBTC). That would address one of the pain points voiced by GBTC investors who think the product’s current fees are high compared with the recently launched ETFs. As a subject for comparison, investors consider GBTC’s current fee of 1.5% too high when other competitors, like Bitwise Bitcoin ETF and the Franklin Templeton Digital Holdings Trust, charge as low as 0.2% and 0.19%, respectively. Hence, a 0.15% fee would make the Grayscale Bitcoin Mini Trust ETF the most affordable product among the lot. It is essential to note that Grayscale is taking this crucial step at a time when the ETF industry is undergoing rapid expansion with an influx of new players. Users believe the move is deliberate and aimed at drawing in investors, especially with the growing competition from the newly launched ETFs. With the latest strategy, Grayscale aims to keep its GBTC fund competitive without significantly changing its schedule. The post Grayscale’s Latest Filing Will Introduce a Mini ETF With 0.15% Fees appeared first on Coin Edition.

Grayscale’s Latest Filing Will Introduce a Mini ETF With 0.15% Fees

Grayscale is doubling down in its pursuit of a Grayscale Bitcoin Mini Trust ETF.

According to its filing, the firm set the Mini ETF management fees at 0.15%.

Nate Geraci thinks Grayscale could consider further reducing the fees to 0.10%.

Grayscale is doubling down in its pursuit of a Grayscale Bitcoin Mini Trust ETF. In a recent filing, the renowned investment firm revealed its intention to set the management fee for the proposed product at 0.15%. That would make it the lowest management fee in the ETF market and provide more opportunities for investors.

Following the filing, Nate Geraci, the president of The ETF Store, termed Grayscale’s move a positive. According to Geraci, the investment firm could reduce the fees to 0.10%. Posting on X, the ETF Chief noted that Grayscale can subsidize w/GBTC revenue and pressure competitors. 

If mini-GBTC launches at 15bps, it would be lowest cost spot btc ETF…Think correct move by Grayscale & should even consider pricing at 10bps.They can subsidize w/ GBTC revenue & pressure competitors.Remember, idea is GBTC = trading vehicle, while BTC = buy & hold vehicle. pic.twitter.com/RMXbwK1f0Y

— Nate Geraci (@NateGeraci) April 20, 2024

According to reports, the recent Grayscale filing with the U.S. Securities and Exchange Commission (SEC) will provide investors with a lower cost structure than the existing Grayscale Bitcoin Trust (GBTC). That would address one of the pain points voiced by GBTC investors who think the product’s current fees are high compared with the recently launched ETFs.

As a subject for comparison, investors consider GBTC’s current fee of 1.5% too high when other competitors, like Bitwise Bitcoin ETF and the Franklin Templeton Digital Holdings Trust, charge as low as 0.2% and 0.19%, respectively. Hence, a 0.15% fee would make the Grayscale Bitcoin Mini Trust ETF the most affordable product among the lot.

It is essential to note that Grayscale is taking this crucial step at a time when the ETF industry is undergoing rapid expansion with an influx of new players. Users believe the move is deliberate and aimed at drawing in investors, especially with the growing competition from the newly launched ETFs.

With the latest strategy, Grayscale aims to keep its GBTC fund competitive without significantly changing its schedule.

The post Grayscale’s Latest Filing Will Introduce a Mini ETF With 0.15% Fees appeared first on Coin Edition.
XRP Advances By 22.86% Amid Bull Comeback Post-HalvingXRP soars to $0.534, reflecting a 22.86% growth from the pre-halving bottom of $0.4351. An analyst expects XRP to surge 845% to $5 by September 2025. Ripple’s CLO Stuart Alderoty crushes rumor of potential settlement in the SEC lawsuit. In the last 24 hours, XRP has been one of the gainers among the most prominent cryptocurrencies. At press time, XRP registered an intraday high of $0.5346, a substantial 13.84% gain from the 24-hour low of $0.4696. Furthermore, XRP’s new value reflects a more substantial growth of 22.86% from the bottom of $0.4351 witnessed on April 13. This new commendable trajectory follows the emerging optimism in the market after the Bitcoin network has undergone the much-awaited halving.  Before the Bitcoin halving, multiple online pundits projected various values XRP may attain in the altcoin season expected to follow. For instance, an analyst on X using the pseudonym Ash Crypto proclaimed that XRP would rally by 460% to $3 by next year. Moreover, this analyst set a higher target of an 845% surge to take XRP to $5 by September 2025. Meanwhile, other commentators, like Mikybull, suggested a $3 price point would be a near-term gain for XRP rather than next year. Notably, many of these analysts base their conclusions on established patterns observed on XRP’s chart.  On the other hand, some pundits forecasted potential values for XRP based on non-technical factors such as developments in the SEC vs. Ripple lawsuit. Recently, Ripple’s CLO Stuart Alderoty addressed the growing rumors surrounding a pre-trial conference in the SEC lawsuit. Many members of the XRP community speculated the development could lead to a settlement, potentially impacting the XRP price. Alderoty clarified that a final pretrial conference would not be held anymore as the SEC had already dropped its charges against Ripple CEO Brad Garlinghouse and Chainman Chris Larsen. In the meantime, Ripple is set to submit its response to the SEC’s remedies-related brief on April 22, 2024, which sought nearly $2 billion in penalties. However, this motion will be submitted under seal, with a redacted version anticipated to be filed by April 24, 2024. The post XRP Advances by 22.86% Amid Bull Comeback Post-Halving appeared first on Coin Edition.

XRP Advances By 22.86% Amid Bull Comeback Post-Halving

XRP soars to $0.534, reflecting a 22.86% growth from the pre-halving bottom of $0.4351.

An analyst expects XRP to surge 845% to $5 by September 2025.

Ripple’s CLO Stuart Alderoty crushes rumor of potential settlement in the SEC lawsuit.

In the last 24 hours, XRP has been one of the gainers among the most prominent cryptocurrencies. At press time, XRP registered an intraday high of $0.5346, a substantial 13.84% gain from the 24-hour low of $0.4696.

Furthermore, XRP’s new value reflects a more substantial growth of 22.86% from the bottom of $0.4351 witnessed on April 13. This new commendable trajectory follows the emerging optimism in the market after the Bitcoin network has undergone the much-awaited halving. 

Before the Bitcoin halving, multiple online pundits projected various values XRP may attain in the altcoin season expected to follow. For instance, an analyst on X using the pseudonym Ash Crypto proclaimed that XRP would rally by 460% to $3 by next year. Moreover, this analyst set a higher target of an 845% surge to take XRP to $5 by September 2025.

Meanwhile, other commentators, like Mikybull, suggested a $3 price point would be a near-term gain for XRP rather than next year. Notably, many of these analysts base their conclusions on established patterns observed on XRP’s chart. 

On the other hand, some pundits forecasted potential values for XRP based on non-technical factors such as developments in the SEC vs. Ripple lawsuit.

Recently, Ripple’s CLO Stuart Alderoty addressed the growing rumors surrounding a pre-trial conference in the SEC lawsuit. Many members of the XRP community speculated the development could lead to a settlement, potentially impacting the XRP price.

Alderoty clarified that a final pretrial conference would not be held anymore as the SEC had already dropped its charges against Ripple CEO Brad Garlinghouse and Chainman Chris Larsen.

In the meantime, Ripple is set to submit its response to the SEC’s remedies-related brief on April 22, 2024, which sought nearly $2 billion in penalties. However, this motion will be submitted under seal, with a redacted version anticipated to be filed by April 24, 2024.

The post XRP Advances by 22.86% Amid Bull Comeback Post-Halving appeared first on Coin Edition.
Bitcoin’s Top Most Valuable Blocks Are Mined After Halving Event: ReportClark Moody shares insights on the 9 top most valuable blocks that were mined following the Bitcoin Halving. The most valuable block was mined last November as a result of an accident $3 million overpayment. Miners of the first block after halving are known as epic sats and are 100x times rarer than the rarer sats. A prominent X user, Clark Moody, recently shared insights on Bitcoin’s top most valuable blocks, which were mined following the much-awaited Bitcoin Halving event. While nine of the 10 most valuable blocks in Bitcoin history were mined after the halving event, one was the result of an accident $3 million overpayment last November. Nine of the top 10 most valuable blocks have been mined today pic.twitter.com/0W5zbLOHx0 — Clark Moody (@clarkmoody) April 20, 2024 The Bitcoin halving was successfully completed late on April 19, 2024, significantly impacting the whole crypto market. Chinese crypto journalist Colin Wu’s X post revealed that the Runes minting has resulted in the average revenue per block on the network reaching 21.74 BTC. Also, the transaction fee reward per block rose as high as 18.62 BTC. Reportedly, the first halving block captured a total fee and block rewards of $2.6 million.  Meanwhile, other blocks were worth $1.3 million to $2 million. However, the $3 million accident overpayment still remains the most valuable block. In November 2023, a BTC user accidentally paid 83.65 BTC worth more than $3.1 million to transfer 55.77 BTC ($2.1 million). The pre-transaction balance was 139.42 BTC ($5.2 million), and the user overpaid by 120,528 times, surpassing the previous high fee of $500k by more than 6 times. Usually, one who mines the first block at the halving is entitled as one of the four “epic sats.” These epic sats, or satoshis created during every Bitcoin halving, are 100x rarer than the “rare sats.” Meanwhile, Bitcoin remains relatively stable following the halving event. It is currently trading at $65,166, an increase of 1.61%. Over the past seven days, the cryptocurrency has experienced a slight increase of 0.70% despite a 2.73% decline in one month. The post Bitcoin’s Top Most Valuable Blocks Are Mined After Halving Event: Report appeared first on Coin Edition.

Bitcoin’s Top Most Valuable Blocks Are Mined After Halving Event: Report

Clark Moody shares insights on the 9 top most valuable blocks that were mined following the Bitcoin Halving.

The most valuable block was mined last November as a result of an accident $3 million overpayment.

Miners of the first block after halving are known as epic sats and are 100x times rarer than the rarer sats.

A prominent X user, Clark Moody, recently shared insights on Bitcoin’s top most valuable blocks, which were mined following the much-awaited Bitcoin Halving event. While nine of the 10 most valuable blocks in Bitcoin history were mined after the halving event, one was the result of an accident $3 million overpayment last November.

Nine of the top 10 most valuable blocks have been mined today pic.twitter.com/0W5zbLOHx0

— Clark Moody (@clarkmoody) April 20, 2024

The Bitcoin halving was successfully completed late on April 19, 2024, significantly impacting the whole crypto market. Chinese crypto journalist Colin Wu’s X post revealed that the Runes minting has resulted in the average revenue per block on the network reaching 21.74 BTC. Also, the transaction fee reward per block rose as high as 18.62 BTC.

Reportedly, the first halving block captured a total fee and block rewards of $2.6 million.  Meanwhile, other blocks were worth $1.3 million to $2 million.

However, the $3 million accident overpayment still remains the most valuable block. In November 2023, a BTC user accidentally paid 83.65 BTC worth more than $3.1 million to transfer 55.77 BTC ($2.1 million). The pre-transaction balance was 139.42 BTC ($5.2 million), and the user overpaid by 120,528 times, surpassing the previous high fee of $500k by more than 6 times.

Usually, one who mines the first block at the halving is entitled as one of the four “epic sats.” These epic sats, or satoshis created during every Bitcoin halving, are 100x rarer than the “rare sats.”

Meanwhile, Bitcoin remains relatively stable following the halving event. It is currently trading at $65,166, an increase of 1.61%. Over the past seven days, the cryptocurrency has experienced a slight increase of 0.70% despite a 2.73% decline in one month.

The post Bitcoin’s Top Most Valuable Blocks Are Mined After Halving Event: Report appeared first on Coin Edition.
Bitcoin Miner Revenue Soars to Record-breaking $107M Post-HalvingBitcoin miners hit a record-breaking revenue of $107 million on April 20, the second day of halving. Up to 75.44% of the revenue came from Bitcoin network transaction fees.  Mining activities of the newly launched Rune protocol influenced the record-high revenue. Bitcoin miners have attained a new milestone regarding revenue generated from validating transactions, coming just after the 2024 halving. Colin Wu’s media called attention to this development in a recent post in X.  According to statistics from Blockchain Explorer, Bitcoin miners’ revenue clocked $107.7 million on April 20. Up to 75.44% of the revenue reportedly came from network transaction fees. Notably, the generated revenue and the network transactions of April 20 were unprecedented figures. Chart of Bitcoin Miner’s revenue | Blockchain Explorer It is worth mentioning that on April 19, Bitcoin miners’ review was approximately $71 million. While miners’ revenue mirrored the path of Bitcoin’s price in the last few months, the new record high revenue of $107.7 million broke out of the pattern. Meanwhile, Colin Wu highlighted that the new record was influenced by the mining activities of the newly launched Rune protocol. Notably, the Runes protocol commenced alongside Bitcoin’s halving on April 19.  It brings to life a surge of fresh tokens and inaugurates a new era for the Bitcoin network.  The first iteration of the Bitcoin network, the Ordinals protocol, debuted in December 2022. It enabled users to integrate diverse content such as images, audio, and code files onto the Bitcoin blockchain.  Now, following Ordinals’ triumph, developer Casey Rodarmor introduced the concept of the Runes token protocol. This protocol seeks to streamline the generation of fungible tokens on the Bitcoin network. As the Runes token protocol kicked off with the 2024 halving, it sparked intense competition for block space, with participants striving to be the first to generate tokens. This mining activity led to Bitcoin miners generating a record-high one-day revenue of $106.7 million on April 20. The post Bitcoin Miner Revenue Soars to Record-breaking $107M Post-Halving appeared first on Coin Edition.

Bitcoin Miner Revenue Soars to Record-breaking $107M Post-Halving

Bitcoin miners hit a record-breaking revenue of $107 million on April 20, the second day of halving.

Up to 75.44% of the revenue came from Bitcoin network transaction fees. 

Mining activities of the newly launched Rune protocol influenced the record-high revenue.

Bitcoin miners have attained a new milestone regarding revenue generated from validating transactions, coming just after the 2024 halving. Colin Wu’s media called attention to this development in a recent post in X. 

According to statistics from Blockchain Explorer, Bitcoin miners’ revenue clocked $107.7 million on April 20. Up to 75.44% of the revenue reportedly came from network transaction fees. Notably, the generated revenue and the network transactions of April 20 were unprecedented figures.

Chart of Bitcoin Miner’s revenue | Blockchain Explorer

It is worth mentioning that on April 19, Bitcoin miners’ review was approximately $71 million. While miners’ revenue mirrored the path of Bitcoin’s price in the last few months, the new record high revenue of $107.7 million broke out of the pattern.

Meanwhile, Colin Wu highlighted that the new record was influenced by the mining activities of the newly launched Rune protocol. Notably, the Runes protocol commenced alongside Bitcoin’s halving on April 19.  It brings to life a surge of fresh tokens and inaugurates a new era for the Bitcoin network. 

The first iteration of the Bitcoin network, the Ordinals protocol, debuted in December 2022. It enabled users to integrate diverse content such as images, audio, and code files onto the Bitcoin blockchain. 

Now, following Ordinals’ triumph, developer Casey Rodarmor introduced the concept of the Runes token protocol. This protocol seeks to streamline the generation of fungible tokens on the Bitcoin network.

As the Runes token protocol kicked off with the 2024 halving, it sparked intense competition for block space, with participants striving to be the first to generate tokens. This mining activity led to Bitcoin miners generating a record-high one-day revenue of $106.7 million on April 20.

The post Bitcoin Miner Revenue Soars to Record-breaking $107M Post-Halving appeared first on Coin Edition.
Is Meme Coin Mania Back: BONK, SHIB, PEPE, DOGE Prices SurgeBONK was overbought, suggesting that the price could retrace below $0.000020. The AO on the SHIB chart indicated an upward momentum while predicting a rise to $0.000032. PEPE’s price might experience a decline but DOGE’s extension to $0.24 could be valid. After facing an extended drawdown season, meme coins seem to be back and better as prices jumped in the last 24 hours. According to CoinMarketCap, Bonk (BONK) skyrocketed by an incredible 39.99% within the last day. This upswing places its price at $0.000021. Shiba Inu (SHIB) followed with a 17.50% and hit $0.000027 as Coin Edition initially predicted. Pepe’s (PEPE) rose by 19.72% while Dogecoin (DOGE) had a minimal increase of 5.17%. Bonk (BONK) BONK broke out of its consolidation phase after trading around the same region since April 13, Meanwhile, the Bollinger Bands (BB) showed increasing volatility around the token. With the widening bands, BONK is expected to undergo significant price fluctuations. However, the upper band of the BB had touched the token at $0.000021, indicating that it was overbought. This was also reinforced by the Relative Strength Index (RSI) which was 82.56 at press time. BONK/USD 4-Hour Chart (Source: TradingView) Thus, BONK might experience a notable retracement. In a highly bearish case, the value of the token might drop to $0.000015. However, if bulls keep up with the momentum, the value could key into the resistance at $0.000024. Shiba Inu (SHIB)  The Chaikin Money Flow (CMF) on the 4-hour SHIB/USD chart displayed signals similar to that of BONK. At press time, the CMF was 0.25, indicating that there was a positive money flow for the token. But the reading had crossed 0.20, suggesting that SHIB  was overbought. As such, SHIB could experience a retracement which could send the price back to $0.000023. However, the Awesome Oscillator (AO) was positive, with rising green histogram bars. SHIB/USD 4-Hour Chart (Source: TradingView) If SHIB bulls maintain the momentum, the price of the token could rise as high as $0.000030. Should this be the case, the stage could be set for the meme coin to revisit $0.000032. Pepe (PEPE)  PEPE has been able to reclaim $0.0000061 with no resistance in sight. Sustaining this uptrend could drive the value of the token higher, and a surge to $0.0000067 might be possible. But the 20 EMA (blue) on the 4-hour chart crossed below the 50 EMA (yellow), suggesting that the bullish trend has not yet been validated. However, since PEPE rose above the EMAs, bulls might prevent the price from retracing.  On the other hand, if traders decide to book some of the recent gains, PEPE’s price might drop to $0.0000052 in the short term. PEPE/USE 4-Hour Chart (Source: TradingView) Dogecoin (DOGE) At press time, DOGE’s price was $0.16 with the MACD suggesting that the price might rise higher. From the chart below, the MACD was positive, suggesting that the coin might continue to build on the recent bullish momentum. Should this be the case, the price of DOGE might rally up to $0.18. However, traders might need to watch out for bearish action which could halt the uptrend.  DOGE/USD 4-Hour Chart (Source: TradingView) In addition, the Fibonacci extension showed that DOGE might climb higher provided the value does not undergo a significant correction. In this instance, the price of the cryptocurrency might extend toward $0.24 within a few months. The post Is Meme Coin Mania Back: BONK, SHIB, PEPE, DOGE Prices Surge appeared first on Coin Edition.

Is Meme Coin Mania Back: BONK, SHIB, PEPE, DOGE Prices Surge

BONK was overbought, suggesting that the price could retrace below $0.000020.

The AO on the SHIB chart indicated an upward momentum while predicting a rise to $0.000032.

PEPE’s price might experience a decline but DOGE’s extension to $0.24 could be valid.

After facing an extended drawdown season, meme coins seem to be back and better as prices jumped in the last 24 hours. According to CoinMarketCap, Bonk (BONK) skyrocketed by an incredible 39.99% within the last day.

This upswing places its price at $0.000021. Shiba Inu (SHIB) followed with a 17.50% and hit $0.000027 as Coin Edition initially predicted. Pepe’s (PEPE) rose by 19.72% while Dogecoin (DOGE) had a minimal increase of 5.17%.

Bonk (BONK)

BONK broke out of its consolidation phase after trading around the same region since April 13, Meanwhile, the Bollinger Bands (BB) showed increasing volatility around the token. With the widening bands, BONK is expected to undergo significant price fluctuations.

However, the upper band of the BB had touched the token at $0.000021, indicating that it was overbought. This was also reinforced by the Relative Strength Index (RSI) which was 82.56 at press time.

BONK/USD 4-Hour Chart (Source: TradingView)

Thus, BONK might experience a notable retracement. In a highly bearish case, the value of the token might drop to $0.000015. However, if bulls keep up with the momentum, the value could key into the resistance at $0.000024.

Shiba Inu (SHIB) 

The Chaikin Money Flow (CMF) on the 4-hour SHIB/USD chart displayed signals similar to that of BONK. At press time, the CMF was 0.25, indicating that there was a positive money flow for the token.

But the reading had crossed 0.20, suggesting that SHIB  was overbought. As such, SHIB could experience a retracement which could send the price back to $0.000023. However, the Awesome Oscillator (AO) was positive, with rising green histogram bars.

SHIB/USD 4-Hour Chart (Source: TradingView)

If SHIB bulls maintain the momentum, the price of the token could rise as high as $0.000030. Should this be the case, the stage could be set for the meme coin to revisit $0.000032.

Pepe (PEPE) 

PEPE has been able to reclaim $0.0000061 with no resistance in sight. Sustaining this uptrend could drive the value of the token higher, and a surge to $0.0000067 might be possible.

But the 20 EMA (blue) on the 4-hour chart crossed below the 50 EMA (yellow), suggesting that the bullish trend has not yet been validated. However, since PEPE rose above the EMAs, bulls might prevent the price from retracing. 

On the other hand, if traders decide to book some of the recent gains, PEPE’s price might drop to $0.0000052 in the short term.

PEPE/USE 4-Hour Chart (Source: TradingView) Dogecoin (DOGE)

At press time, DOGE’s price was $0.16 with the MACD suggesting that the price might rise higher. From the chart below, the MACD was positive, suggesting that the coin might continue to build on the recent bullish momentum.

Should this be the case, the price of DOGE might rally up to $0.18. However, traders might need to watch out for bearish action which could halt the uptrend. 

DOGE/USD 4-Hour Chart (Source: TradingView)

In addition, the Fibonacci extension showed that DOGE might climb higher provided the value does not undergo a significant correction. In this instance, the price of the cryptocurrency might extend toward $0.24 within a few months.

The post Is Meme Coin Mania Back: BONK, SHIB, PEPE, DOGE Prices Surge appeared first on Coin Edition.
Kathryn Haun to Step Down From Coinbase Board Later This YearKathryn Haun has announced she will be stepping down from the Coinbase board later this year. Haun has served as a Coinbase board member for more than seven years. According to Haun, she will leave Coinbase to double down her efforts on Haun Ventures. Kathryn Haun, a long-serving board member at Coinbase, has announced she will be stepping down from the position later this year. In a post on X, Haun, who has served for more than seven years, noted she will be leaving the position to enable her focus on Haun Ventures, a crypto stack-supporting platform. I’ll be stepping off the @Coinbase board later this year at the end of my third term, after 7+ years. Crypto is in a remarkable expansion state, and Coinbase is well-positioned to thrive. @HaunVentures is similarly expanding, and this feels like the right time for me to… — Kathryn Haun (@katie_haun) April 20, 2024 Haun highlighted that crypto is remarkably expanding, with Coinbase well-positioned to thrive. She also acknowledged the expanding situation of Haun Ventures, noting that this is the right time for her to double down on supporting the platform’s growing portfolio of founders. Haun also thinks it is the right time for Haun Ventures to work towards building a lasting venture franchise. Meanwhile, the outgoing board member appreciated her time at Coinbase, describing it as an “incredible journey.” Haun joined the Coinbase team in 2017 and has served through the company’s growth processes and that of cryptocurrency. According to her, she was there when Coinbase became the first publicly traded crypto company, leading the fight for global regulatory clarity. She also played a role when the crypto exchange launched many pieces of market and technology infrastructure, most recently Base. Haun appreciated Coinbase founder Brian Armstrong, other board members, and the entire Coinbase leadership in her post. She considers herself lucky to have several Coinbase alums on the Haun Ventures team and as portfolio founders, noting that Coinbase is an extraordinary incubator for entrepreneurial talent. In conclusion, Haun noted that she will always support Coinbase and remain close to the Company’s leadership even after leaving the company. She appreciated her time at the company, describing it as an “amazing ride.” The post Kathryn Haun to Step Down From Coinbase Board Later This Year appeared first on Coin Edition.

Kathryn Haun to Step Down From Coinbase Board Later This Year

Kathryn Haun has announced she will be stepping down from the Coinbase board later this year.

Haun has served as a Coinbase board member for more than seven years.

According to Haun, she will leave Coinbase to double down her efforts on Haun Ventures.

Kathryn Haun, a long-serving board member at Coinbase, has announced she will be stepping down from the position later this year. In a post on X, Haun, who has served for more than seven years, noted she will be leaving the position to enable her focus on Haun Ventures, a crypto stack-supporting platform.

I’ll be stepping off the @Coinbase board later this year at the end of my third term, after 7+ years. Crypto is in a remarkable expansion state, and Coinbase is well-positioned to thrive. @HaunVentures is similarly expanding, and this feels like the right time for me to…

— Kathryn Haun (@katie_haun) April 20, 2024

Haun highlighted that crypto is remarkably expanding, with Coinbase well-positioned to thrive. She also acknowledged the expanding situation of Haun Ventures, noting that this is the right time for her to double down on supporting the platform’s growing portfolio of founders. Haun also thinks it is the right time for Haun Ventures to work towards building a lasting venture franchise.

Meanwhile, the outgoing board member appreciated her time at Coinbase, describing it as an “incredible journey.” Haun joined the Coinbase team in 2017 and has served through the company’s growth processes and that of cryptocurrency. According to her, she was there when Coinbase became the first publicly traded crypto company, leading the fight for global regulatory clarity. She also played a role when the crypto exchange launched many pieces of market and technology infrastructure, most recently Base.

Haun appreciated Coinbase founder Brian Armstrong, other board members, and the entire Coinbase leadership in her post. She considers herself lucky to have several Coinbase alums on the Haun Ventures team and as portfolio founders, noting that Coinbase is an extraordinary incubator for entrepreneurial talent.

In conclusion, Haun noted that she will always support Coinbase and remain close to the Company’s leadership even after leaving the company. She appreciated her time at the company, describing it as an “amazing ride.”

The post Kathryn Haun to Step Down From Coinbase Board Later This Year appeared first on Coin Edition.
Bitcoin (BTC) Regains $65,000: What’s Next for the Coin Post-Halving?Bitcoin jumped above $65,000 one day after an uneventful halving. The 4-hour chart showed that the loss of the $60,266 support could lead to a correction. In the long term, the price of the coin might head toward $85,000. Less than 24 hours after the 4th Bitcoin (BTC) halving took place, the price climbed above $65,000. The event took place on April 20 as miners’ rewards were cut from 6.25 BTC to 3.125 BTC. It is important to note that this happened as Bitcoin produced block number 840,000. Before the event, market participants expected the halving to cause high volatility with prices swinging very high or very low. However, that was not the case as BTC moved sideways between $63,000 and $64,000. But with the halving done and dusted, how will Bitcoin fare in the coming months? Here, Coin Edition analyzes the price to see if the cryptocurrency would hit the astronomical values many traders have set for it this cycle. BTC/USD 4-Hour Analysis Since facing rejection at $71,030, BTC has been moving between $60,000 and $68,000. However, there was solid support at $60,266 on the 4-hour chart,  A breakdown between this price could send Bitcoin correcting to much lower levels like $56,000. However, the Relative Strength Index (RSI) suggested otherwise as the reading increased. The rise in the RSI was a signal that momentum was bullish and this could foreshadow a higher price in the short term. BTC/USD 4-Hour Chart (Source: TradingView) However, the Money Flow Index (MFI) turned downward after an earlier surge, indicating that increasing capital in the market has decreased. Should this remain the case going forward, BTC might find it hard to cross the $73,000 region. BTC Daily Chart Analysis Looking at the daily chart, it was evident that Bitcoin’s price could decrease further before it goes on a rally. At press time, the Moving Average Convergence Divergence (MACD) was negative, suggesting a bearish momentum. Furthermore, the 26 EMA (orange) was above the 12 EMA (blue), indicating that sellers were in place to outpace buying dominance. This trend, if validated, could capitulate the price of the coin.  Possible targets if this happens might be between $53,000 and $58,000. However, in the mid to long term, the price of Bitcoin is expected to surpass its all-time high. According to signals from the Fibonacci indicator, BTC might hit $73,246 after the correction is over. BTC/USD Daily Chart (Source: TradingView) This was where the 0.786 Fib level was positioned. Afterward, a surge in the $85,000 direction could be next for the coin. However, it remains uncertain if BTC will hit six figures before the year ends. The post Bitcoin (BTC) Regains $65,000: What’s Next for the Coin Post-Halving? appeared first on Coin Edition.

Bitcoin (BTC) Regains $65,000: What’s Next for the Coin Post-Halving?

Bitcoin jumped above $65,000 one day after an uneventful halving.

The 4-hour chart showed that the loss of the $60,266 support could lead to a correction.

In the long term, the price of the coin might head toward $85,000.

Less than 24 hours after the 4th Bitcoin (BTC) halving took place, the price climbed above $65,000. The event took place on April 20 as miners’ rewards were cut from 6.25 BTC to 3.125 BTC.

It is important to note that this happened as Bitcoin produced block number 840,000. Before the event, market participants expected the halving to cause high volatility with prices swinging very high or very low.

However, that was not the case as BTC moved sideways between $63,000 and $64,000. But with the halving done and dusted, how will Bitcoin fare in the coming months? Here, Coin Edition analyzes the price to see if the cryptocurrency would hit the astronomical values many traders have set for it this cycle.

BTC/USD 4-Hour Analysis

Since facing rejection at $71,030, BTC has been moving between $60,000 and $68,000. However, there was solid support at $60,266 on the 4-hour chart,  A breakdown between this price could send Bitcoin correcting to much lower levels like $56,000.

However, the Relative Strength Index (RSI) suggested otherwise as the reading increased. The rise in the RSI was a signal that momentum was bullish and this could foreshadow a higher price in the short term.

BTC/USD 4-Hour Chart (Source: TradingView)

However, the Money Flow Index (MFI) turned downward after an earlier surge, indicating that increasing capital in the market has decreased. Should this remain the case going forward, BTC might find it hard to cross the $73,000 region.

BTC Daily Chart Analysis

Looking at the daily chart, it was evident that Bitcoin’s price could decrease further before it goes on a rally. At press time, the Moving Average Convergence Divergence (MACD) was negative, suggesting a bearish momentum.

Furthermore, the 26 EMA (orange) was above the 12 EMA (blue), indicating that sellers were in place to outpace buying dominance. This trend, if validated, could capitulate the price of the coin. 

Possible targets if this happens might be between $53,000 and $58,000. However, in the mid to long term, the price of Bitcoin is expected to surpass its all-time high. According to signals from the Fibonacci indicator, BTC might hit $73,246 after the correction is over.

BTC/USD Daily Chart (Source: TradingView)

This was where the 0.786 Fib level was positioned. Afterward, a surge in the $85,000 direction could be next for the coin. However, it remains uncertain if BTC will hit six figures before the year ends.

The post Bitcoin (BTC) Regains $65,000: What’s Next for the Coin Post-Halving? appeared first on Coin Edition.
Satoshi Nakamoto Was Concerned Over Bitcoin As an Investment: Report Satoshi Nakamoto’s earlier collaborator, Martti Malmi, previously shared a 120-page email correspondence between the two. Colin Wu highlights Nakamoto’s concerns over identifying Bitcoin as an investment. The emails suggest that Nakamoto preferred not to promote anonymity. Amidst controversies regarding the identity of Bitcoin’s pseudonymous founder, Satoshi Nakamoto, 120-page email correspondence between Nakamoto and his earlier collaborator, Martti Malmi, shed light on the early days of Bitcoin creation. Recently, Chinese crypto journalist Colin Wu, on his official page known on X as Wu Blockchain, shared insights on the emails shared by Malmi earlier this year, initially produced as evidence against Craig Wright’s claim to be the original Bitcoin founder. Satoshi Nakamoto’s first collaborator, sophomore Martti Malmi, disclosed his emails with Satoshi. Satoshi mentioned that there is no need to promote "anonymity" and Bitcoin as an investment. Bitcoin POW consumes less energy than the traditional banking system. POW is the only… — Wu Blockchain (@WuBlockchain) April 21, 2024 As per Colin Wu’s X post, the conversation between Nakamoto and Malmi indicated Nakamoto’s concerns over identifying  Bitcoin as an investment. In a previous X post, Wu highlighted Nakamoto’s earlier warning against Bitcoin’s significant energy consumption. In addition, Nakamoto’s concern over “labeling Bitcoin as an investment” also gained traction at the time. His recent post further stated, Bitcoin POW consumes less energy than the traditional banking system. POW is the only solution that can make a P2P electronic cash system work without a trusted third party. Further, Wu pinpointed Nakamoto’s insistence on not promoting “anonymity.” Nakamoto’s email read, I think we should de-emphasize the anonymous angle. With the popularity of bitcoin addresses instead of sending by IP, we can’t give the impression it’s automatically anonymous. It’s possible to be pseudonymous, but you have to be careful. On February 23, Martti Malmi took to X to draw the community’s attention to the 2009-2011 email correspondence between Malmi and Nakamoto. He added that he wasn’t initially “comfortable” with making the emails public, but Wright’s trial has forced him to produce it as evidence. My email correspondence with Satoshi in 2009-2011: https://t.co/jyoX8gXckp — Martti Malmi (@marttimalmi) February 23, 2024 However, the emails do not stand as significant evidence to prove Satoshi Nakamoto’s real identity. But, the conversation could significantly provide insights into Bitcoin creator’s vision and concerns. The post Satoshi Nakamoto Was Concerned Over Bitcoin as an Investment: Report  appeared first on Coin Edition.

Satoshi Nakamoto Was Concerned Over Bitcoin As an Investment: Report 

Satoshi Nakamoto’s earlier collaborator, Martti Malmi, previously shared a 120-page email correspondence between the two.

Colin Wu highlights Nakamoto’s concerns over identifying Bitcoin as an investment.

The emails suggest that Nakamoto preferred not to promote anonymity.

Amidst controversies regarding the identity of Bitcoin’s pseudonymous founder, Satoshi Nakamoto, 120-page email correspondence between Nakamoto and his earlier collaborator, Martti Malmi, shed light on the early days of Bitcoin creation.

Recently, Chinese crypto journalist Colin Wu, on his official page known on X as Wu Blockchain, shared insights on the emails shared by Malmi earlier this year, initially produced as evidence against Craig Wright’s claim to be the original Bitcoin founder.

Satoshi Nakamoto’s first collaborator, sophomore Martti Malmi, disclosed his emails with Satoshi. Satoshi mentioned that there is no need to promote "anonymity" and Bitcoin as an investment. Bitcoin POW consumes less energy than the traditional banking system. POW is the only…

— Wu Blockchain (@WuBlockchain) April 21, 2024

As per Colin Wu’s X post, the conversation between Nakamoto and Malmi indicated Nakamoto’s concerns over identifying  Bitcoin as an investment. In a previous X post, Wu highlighted Nakamoto’s earlier warning against Bitcoin’s significant energy consumption. In addition, Nakamoto’s concern over “labeling Bitcoin as an investment” also gained traction at the time. His recent post further stated,

Bitcoin POW consumes less energy than the traditional banking system. POW is the only solution that can make a P2P electronic cash system work without a trusted third party.

Further, Wu pinpointed Nakamoto’s insistence on not promoting “anonymity.” Nakamoto’s email read,

I think we should de-emphasize the anonymous angle. With the popularity of bitcoin addresses instead of sending by IP, we can’t give the impression it’s automatically anonymous. It’s possible to be pseudonymous, but you have to be careful.

On February 23, Martti Malmi took to X to draw the community’s attention to the 2009-2011 email correspondence between Malmi and Nakamoto. He added that he wasn’t initially “comfortable” with making the emails public, but Wright’s trial has forced him to produce it as evidence.

My email correspondence with Satoshi in 2009-2011: https://t.co/jyoX8gXckp

— Martti Malmi (@marttimalmi) February 23, 2024

However, the emails do not stand as significant evidence to prove Satoshi Nakamoto’s real identity. But, the conversation could significantly provide insights into Bitcoin creator’s vision and concerns.

The post Satoshi Nakamoto Was Concerned Over Bitcoin as an Investment: Report  appeared first on Coin Edition.
FTX Bankman-Fried Strikes Deal to Pursue Celeb Promoters for $1.3MFTX investors dropped claims against SBF for cooperation in pursuing celebrity promoters. SBF will assist in targeting Tom Brady and Shaquille O’Neal, who are accused of promoting FTX. The settlement is valued at $1.3 million and includes disclosing SBF’s assets and involvement in the Anthropic AI startup. A group of investors and customers has reached a new agreement with the disgraced FTX co-founder Sam Bankman-Fried (SBF) to pursue celebrities and promoters. The deal entails dropping claims against Bankman-Fried in exchange for his cooperation against other defendants involved in the lawsuits of FTX’s downfall. This settlement, subject to judicial approval, would absolve Bankman-Fried of civil liability. It comes just weeks after he received a 25-year prison sentence for fraud related to the misappropriation of billions of dollars from FTX. As part of the agreement filed in federal court in Miami, plaintiffs in the multi-district litigation have agreed to resolve all claims against him now and in the future. Other FTX insiders have also agreed to settle and provide information to support the plaintiffs’ case. It includes former executives Gary Wang, Caroline Ellison, and Nishad Singh, who testified against Bankman-Fried. Meanwhile, the focus now shifts to celebrities, sports stars, and social media influencers who promoted FTX to investors and customers. Bankman-Fried has agreed to assist plaintiffs’ attorneys in pursuing the remaining FTX endorsers. As part of the proposed settlement, SBF will provide all non-privileged documents disclosing his assets and stake in the artificial intelligence startup Anthropic. He will also reveal an affidavit affirming his negative net worth and documents regarding other defendants in the broad civil litigation. Notably, the plaintiffs are targeting financiers and celebrity endorsers, including Tom Brady, Shaquille O’Neal, and Gisele Bundchen, for allegedly promoting FTX and enticing investors into what is claimed to be a Ponzi scheme.  The settlements with promoters in this agreement are valued at approximately $1.3 million. Notably, the settlement includes football quarterback Trevor Lawrence, who received  $500,000 for endorsing FTX in 2022.  The post FTX Bankman-Fried Strikes Deal to Pursue Celeb Promoters for $1.3M appeared first on Coin Edition.

FTX Bankman-Fried Strikes Deal to Pursue Celeb Promoters for $1.3M

FTX investors dropped claims against SBF for cooperation in pursuing celebrity promoters.

SBF will assist in targeting Tom Brady and Shaquille O’Neal, who are accused of promoting FTX.

The settlement is valued at $1.3 million and includes disclosing SBF’s assets and involvement in the Anthropic AI startup.

A group of investors and customers has reached a new agreement with the disgraced FTX co-founder Sam Bankman-Fried (SBF) to pursue celebrities and promoters. The deal entails dropping claims against Bankman-Fried in exchange for his cooperation against other defendants involved in the lawsuits of FTX’s downfall.

This settlement, subject to judicial approval, would absolve Bankman-Fried of civil liability. It comes just weeks after he received a 25-year prison sentence for fraud related to the misappropriation of billions of dollars from FTX. As part of the agreement filed in federal court in Miami, plaintiffs in the multi-district litigation have agreed to resolve all claims against him now and in the future.

Other FTX insiders have also agreed to settle and provide information to support the plaintiffs’ case. It includes former executives Gary Wang, Caroline Ellison, and Nishad Singh, who testified against Bankman-Fried. Meanwhile, the focus now shifts to celebrities, sports stars, and social media influencers who promoted FTX to investors and customers.

Bankman-Fried has agreed to assist plaintiffs’ attorneys in pursuing the remaining FTX endorsers. As part of the proposed settlement, SBF will provide all non-privileged documents disclosing his assets and stake in the artificial intelligence startup Anthropic. He will also reveal an affidavit affirming his negative net worth and documents regarding other defendants in the broad civil litigation.

Notably, the plaintiffs are targeting financiers and celebrity endorsers, including Tom Brady, Shaquille O’Neal, and Gisele Bundchen, for allegedly promoting FTX and enticing investors into what is claimed to be a Ponzi scheme. 

The settlements with promoters in this agreement are valued at approximately $1.3 million. Notably, the settlement includes football quarterback Trevor Lawrence, who received  $500,000 for endorsing FTX in 2022. 

The post FTX Bankman-Fried Strikes Deal to Pursue Celeb Promoters for $1.3M appeared first on Coin Edition.
XRP Surges Amid Middle East Tension and SEC Vs Ripple Case UpdateXRP saw modest gains on Friday amid geopolitical strains in the Middle East. The SEC vs Ripple case update also triggered a potential resurgence for XRP. Ripple has until April 22 to file an opposition brief in ongoing litigation. XRP saw modest gains on Friday amid geopolitical strains in the Middle East and updates in the case between the Securities and Exchange Commission (SEC). The embattled cryptocurrency rebounded from an early drop to close the day in profit. TradingView data reveal that XRP started the day at $0.50237, and dropped to $0.46700, before rebounding to close the day at $0.50358. Notably, XRP’s initial slump on Friday followed the news of Israel retaliating against the Iran attack of April 13. However, Iran downplayed the missile attack, the result of which led to a calming market sentiment.  Although many risk assets investors focused on the geopolitical tensions in the Middle East, the SEC vs Ripple case remained XRP’s most significant determining factor. There are three remaining filings before Judge Analisa Torres would give a final ruling on how much fine Ripple would pay for breaching U.S. Securities laws. One of the remaining filings is Ripple’s opposition brief, which the court mandated the establishment to file by Monday, April 22, and a redacted version by April 24. The court expects Ripple’s opposition brief to address the allegations made by the SEC from the opening brief. If Ripple succeeds in addressing the SEC’s claims, it could lead to a significant reduction in the penalties Ripple must pay. Hence, the coming days could be significant in the life of XRP, considering how long the case has lasted and the impact it has had on the crypto token’s development. XRP continued to surge in the early hours of Saturday following relaxed geopolitical tension and a potential end in sight for its legal battles. The top altcoin traded for $0.51407 at the time of writing, gaining 2.17% from its opening price, according to data from TradingView. The post XRP Surges Amid Middle East Tension and SEC vs Ripple Case Update appeared first on Coin Edition.

XRP Surges Amid Middle East Tension and SEC Vs Ripple Case Update

XRP saw modest gains on Friday amid geopolitical strains in the Middle East.

The SEC vs Ripple case update also triggered a potential resurgence for XRP.

Ripple has until April 22 to file an opposition brief in ongoing litigation.

XRP saw modest gains on Friday amid geopolitical strains in the Middle East and updates in the case between the Securities and Exchange Commission (SEC). The embattled cryptocurrency rebounded from an early drop to close the day in profit. TradingView data reveal that XRP started the day at $0.50237, and dropped to $0.46700, before rebounding to close the day at $0.50358.

Notably, XRP’s initial slump on Friday followed the news of Israel retaliating against the Iran attack of April 13. However, Iran downplayed the missile attack, the result of which led to a calming market sentiment. 

Although many risk assets investors focused on the geopolitical tensions in the Middle East, the SEC vs Ripple case remained XRP’s most significant determining factor. There are three remaining filings before Judge Analisa Torres would give a final ruling on how much fine Ripple would pay for breaching U.S. Securities laws.

One of the remaining filings is Ripple’s opposition brief, which the court mandated the establishment to file by Monday, April 22, and a redacted version by April 24. The court expects Ripple’s opposition brief to address the allegations made by the SEC from the opening brief.

If Ripple succeeds in addressing the SEC’s claims, it could lead to a significant reduction in the penalties Ripple must pay. Hence, the coming days could be significant in the life of XRP, considering how long the case has lasted and the impact it has had on the crypto token’s development.

XRP continued to surge in the early hours of Saturday following relaxed geopolitical tension and a potential end in sight for its legal battles. The top altcoin traded for $0.51407 at the time of writing, gaining 2.17% from its opening price, according to data from TradingView.

The post XRP Surges Amid Middle East Tension and SEC vs Ripple Case Update appeared first on Coin Edition.
Bitcoin Sold $8K Last Halving, Soared 721% After: Will History Repeat?Michael Saylor called attention to the $8K price Bitcoin sold during 2020 halving. In this year’s halving event, Bitcoin registered an intraday low of $59,651. If Bitcoin replicates the 721% post-2020 rally in this cycle, it could reach $489K by next year. Renowned Bitcoin bull Michael Saylor, chairman of MicroStrategy, has called attention to the price Bitcoin sold when it underwent its third halving cycle. In a recent post on X, Saylor highlighted that Bitcoin traded at $8,618 on May 11, 2020, when it halved. This spotlight comes amid Bitcoin undergoing its fourth halving cycle yesterday night, April 19. $BTC was $8,618 on the day of the last #BitcoinHalving. — Michael Saylor⚡️ (@saylor) April 19, 2024 Notably, Saylor sought to draw public attention to how high Bitcoin has grown since May 2020 amid the emergence of the new event to give investors confidence in the asset considering recent market bearish volatility. As the Bitcoin bull rightly pointed out, Bitcoin opened for trading on May 11, four years ago, at $8,755.54. Despite dipping to a low of $8,374 that day, it subsequently surged to an intraday high of $9,033. Meanwhile, Bitcoin remained below $10K in the months following the halving. It stayed within that range for five months until a burst in late October. By January 2021, eight months post-halving, BTC had surged threefold, breaching the $30,000 mark for the first time. The upward momentum persisted as Bitcoin surpassed $60K by April 2021. However, it faced a downturn this month, returning to the $30K range in May, marking a year since the halving. Significantly, from October 31, 2020, when BTC surpassed $14K again, to April 14, 2021, when it peaked at $64,863 before undergoing a substantial correction, the asset experienced a remarkable growth of 363%. Upon recommencing the bull rally, Bitcoin peaked at $68,789 on November 10, 2021, marking a 721.46% surge from its low of $8,374 on the 2020 halving. For this year,  Bitcoin registered an intraday low of $59,651 on April 19, coinciding with the 2024 halving event. Saylor’s emphasis on Bitcoin’s $8K range of 2020 implies his anticipation of a historical recurrence, where Bitcoin could potentially surpass several new highs following a halving event. If Bitcoin replicates the 721.46% post-2020 rally in this cycle, it could reach a value exceeding $489K by next year. The post Bitcoin Sold $8K Last Halving, Soared 721% After: Will History Repeat? appeared first on Coin Edition.

Bitcoin Sold $8K Last Halving, Soared 721% After: Will History Repeat?

Michael Saylor called attention to the $8K price Bitcoin sold during 2020 halving.

In this year’s halving event, Bitcoin registered an intraday low of $59,651.

If Bitcoin replicates the 721% post-2020 rally in this cycle, it could reach $489K by next year.

Renowned Bitcoin bull Michael Saylor, chairman of MicroStrategy, has called attention to the price Bitcoin sold when it underwent its third halving cycle. In a recent post on X, Saylor highlighted that Bitcoin traded at $8,618 on May 11, 2020, when it halved. This spotlight comes amid Bitcoin undergoing its fourth halving cycle yesterday night, April 19.

$BTC was $8,618 on the day of the last #BitcoinHalving.

— Michael Saylor⚡️ (@saylor) April 19, 2024

Notably, Saylor sought to draw public attention to how high Bitcoin has grown since May 2020 amid the emergence of the new event to give investors confidence in the asset considering recent market bearish volatility.

As the Bitcoin bull rightly pointed out, Bitcoin opened for trading on May 11, four years ago, at $8,755.54. Despite dipping to a low of $8,374 that day, it subsequently surged to an intraday high of $9,033.

Meanwhile, Bitcoin remained below $10K in the months following the halving. It stayed within that range for five months until a burst in late October. By January 2021, eight months post-halving, BTC had surged threefold, breaching the $30,000 mark for the first time.

The upward momentum persisted as Bitcoin surpassed $60K by April 2021. However, it faced a downturn this month, returning to the $30K range in May, marking a year since the halving.

Significantly, from October 31, 2020, when BTC surpassed $14K again, to April 14, 2021, when it peaked at $64,863 before undergoing a substantial correction, the asset experienced a remarkable growth of 363%.

Upon recommencing the bull rally, Bitcoin peaked at $68,789 on November 10, 2021, marking a 721.46% surge from its low of $8,374 on the 2020 halving.

For this year,  Bitcoin registered an intraday low of $59,651 on April 19, coinciding with the 2024 halving event. Saylor’s emphasis on Bitcoin’s $8K range of 2020 implies his anticipation of a historical recurrence, where Bitcoin could potentially surpass several new highs following a halving event.

If Bitcoin replicates the 721.46% post-2020 rally in this cycle, it could reach a value exceeding $489K by next year.

The post Bitcoin Sold $8K Last Halving, Soared 721% After: Will History Repeat? appeared first on Coin Edition.
Crypto Price Analysis- April 20: SHIB, DOGE, and XRPThe MACD and RSI on the 4-hour chart suggested SHIB’s rise to $0.000027. A weak directional movement could push DOGE to swing between $0.14 and $0.16. XRP formed a golden cross, indicating a possible rise to $0.56. Several cryptocurrencies experienced relief in the last 24 hours despite a week full of ups and downs. Out of the many that stabilized, Shiba Inu (SHIB), Dogecoin (DOGE), and Ripple (XRP) were part. However, it is expected that the broader market will experience a high level of volatility in the coming weeks. Will these cryptocurrencies survive the expected fluctuations? Let’s find out in this analysis. Shiba Inu (SHIB) At press time, SHIB was finding it difficult to rise beyond $0.000023.This was because bears had found a way to halt its earlier rising momentum. But press time data from the Relative Strength Index (RSI) showed that bulls were not having it as the buying momentum continued to increase. If bulls take bears out of the way, the rise in momentum could key SHIB toward the $0.000027 resistance. On the other hand, an unsuccessful attempt might drive the token down to $0.000020. SHIB/USD 4-Hour Chart (Source: TradingView) Meanwhile, the Moving Average Convergence Divergence (MACD) crossed above the zero midpoint, reinforcing the signals shown by the RSI. Dogecoin (DOGE) DOGE changed hands at $0.15 according to the 4-hour chart. Like SHIB, DOGE has not been able to break out after its recent downturn. However, the coin’s structure differed from the other meme coin with indications shown by the Elder Force Index (EFI). As of this writing, the EFI has flatlined, confirming that Dogecoin’s price might evade a notable increase in the short-term DOGE/USD 4-Hour Chart (Source: TradingView) Should this be the case, the price of the cryptocurrency might swing between $0.14 and $0.16. Furthermore, the Directional Movement Index (DMI) aligned with the viewpoint as the +DMI (green) remained below the -DMI (red). Ripple (XRP) As of this writing, the Exponential Moving Average (EMA) on the 4-hour chart displayed a bullish bias for XRP. Previously, the 9 EMA (blue) crossed below the 20 EMA yellow). But on April 19, that position changed as the EMAs formed a golden cross. XRP/USD 4-Hour Chart (Source: TradingView) This flipping was vital to the token’s price action which was XRP rise to $0.51. Despite the trend, XRP risked a possible decline as the price was still close to both EMAs. Should the price fall below the 9 and 20 EMA, the value could drop as low as $0.46. But a further extension could drag XRP higher, and an increase toward $0.56 could be an option within a few days. The post Crypto Price Analysis- April 20: SHIB, DOGE, and XRP appeared first on Coin Edition.

Crypto Price Analysis- April 20: SHIB, DOGE, and XRP

The MACD and RSI on the 4-hour chart suggested SHIB’s rise to $0.000027.

A weak directional movement could push DOGE to swing between $0.14 and $0.16.

XRP formed a golden cross, indicating a possible rise to $0.56.

Several cryptocurrencies experienced relief in the last 24 hours despite a week full of ups and downs. Out of the many that stabilized, Shiba Inu (SHIB), Dogecoin (DOGE), and Ripple (XRP) were part.

However, it is expected that the broader market will experience a high level of volatility in the coming weeks. Will these cryptocurrencies survive the expected fluctuations? Let’s find out in this analysis.

Shiba Inu (SHIB)

At press time, SHIB was finding it difficult to rise beyond $0.000023.This was because bears had found a way to halt its earlier rising momentum. But press time data from the Relative Strength Index (RSI) showed that bulls were not having it as the buying momentum continued to increase.

If bulls take bears out of the way, the rise in momentum could key SHIB toward the $0.000027 resistance. On the other hand, an unsuccessful attempt might drive the token down to $0.000020.

SHIB/USD 4-Hour Chart (Source: TradingView)

Meanwhile, the Moving Average Convergence Divergence (MACD) crossed above the zero midpoint, reinforcing the signals shown by the RSI.

Dogecoin (DOGE)

DOGE changed hands at $0.15 according to the 4-hour chart. Like SHIB, DOGE has not been able to break out after its recent downturn.

However, the coin’s structure differed from the other meme coin with indications shown by the Elder Force Index (EFI). As of this writing, the EFI has flatlined, confirming that Dogecoin’s price might evade a notable increase in the short-term

DOGE/USD 4-Hour Chart (Source: TradingView)

Should this be the case, the price of the cryptocurrency might swing between $0.14 and $0.16. Furthermore, the Directional Movement Index (DMI) aligned with the viewpoint as the +DMI (green) remained below the -DMI (red).

Ripple (XRP)

As of this writing, the Exponential Moving Average (EMA) on the 4-hour chart displayed a bullish bias for XRP. Previously, the 9 EMA (blue) crossed below the 20 EMA yellow). But on April 19, that position changed as the EMAs formed a golden cross.

XRP/USD 4-Hour Chart (Source: TradingView)

This flipping was vital to the token’s price action which was XRP rise to $0.51. Despite the trend, XRP risked a possible decline as the price was still close to both EMAs. Should the price fall below the 9 and 20 EMA, the value could drop as low as $0.46.

But a further extension could drag XRP higher, and an increase toward $0.56 could be an option within a few days.

The post Crypto Price Analysis- April 20: SHIB, DOGE, and XRP appeared first on Coin Edition.
Runes Minting Dominates Initial Bitcoin Halving FalloutsRunes minting dominated the initial phase of reactions following the recently completed Bitcoin halving. The novel protocol attracted 78.6 BTC in fees just nine blocks after the Bitcoin halving. Runes creator, Rodamor, minted the first project on the protocol, UNCOMMON•GOODS. Runes minting has dominated the initial phase of reactions following the recently completed Bitcoin halving. According to reports, the novel protocol on the Bitcoin network attracted 78.6 BTC in fees, equivalent to $4.95 million just nine blocks after the Bitcoin halving. As a relatively new creation in the crypto space, Runes is similar to Ordinals, allowing people to “etch” and mint tokens on-chain. It is the brainchild of Casey Rodamor, the creator of Ordinals. The difference between both protocols is that Ordinals are non-fungible, while Runes will function more like memecoins. With the timely explosion of Runes and how it exploded into the Bitcoin ecosystem, many crypto users already think it could become a boon to Bitcoin’s burgeoning fee economy. Most of such users already discussed which Runes to mint and trading ticker names before mining the halving block. They carried out the discussion in an X space hosted by Leonidas, a well-known Ordinals collector. Runes creator Rodamor minted the first project on the protocol, UNCOMMON•GOODS. Like many other projects looking to etch themselves on the novel protocol, Rodamor announced the UNCOMMON•GOODS project long before the completion of the Bitcoin halving. Hence, even before the landmark halving took place, Runes’ awareness skyrocketed and perhaps led to the extraordinary results experienced shortly after the Bitcoin halving. Notably, Runes’ arrival into the crypto space coincides with the growing awareness and unprecedented adoption of memecoins. Such a development has led to increased competition for scarce Satoshis among intending projects wanting to mint on the Runes protocol.  Crypto community members anticipate that users will mint more Runes over time. One highly anticipated project is Taproot Wizards, the Ordinals project co-created by Bitcoin OG influencers Eric Wall and Udi Wertheimer. Users also look forward to the creation of Satoshi Nakamoto, named after Bitcoin’s creator. The post Runes Minting Dominates Initial Bitcoin Halving Fallouts appeared first on Coin Edition.

Runes Minting Dominates Initial Bitcoin Halving Fallouts

Runes minting dominated the initial phase of reactions following the recently completed Bitcoin halving.

The novel protocol attracted 78.6 BTC in fees just nine blocks after the Bitcoin halving.

Runes creator, Rodamor, minted the first project on the protocol, UNCOMMON•GOODS.

Runes minting has dominated the initial phase of reactions following the recently completed Bitcoin halving. According to reports, the novel protocol on the Bitcoin network attracted 78.6 BTC in fees, equivalent to $4.95 million just nine blocks after the Bitcoin halving.

As a relatively new creation in the crypto space, Runes is similar to Ordinals, allowing people to “etch” and mint tokens on-chain. It is the brainchild of Casey Rodamor, the creator of Ordinals. The difference between both protocols is that Ordinals are non-fungible, while Runes will function more like memecoins.

With the timely explosion of Runes and how it exploded into the Bitcoin ecosystem, many crypto users already think it could become a boon to Bitcoin’s burgeoning fee economy. Most of such users already discussed which Runes to mint and trading ticker names before mining the halving block. They carried out the discussion in an X space hosted by Leonidas, a well-known Ordinals collector.

Runes creator Rodamor minted the first project on the protocol, UNCOMMON•GOODS. Like many other projects looking to etch themselves on the novel protocol, Rodamor announced the UNCOMMON•GOODS project long before the completion of the Bitcoin halving. Hence, even before the landmark halving took place, Runes’ awareness skyrocketed and perhaps led to the extraordinary results experienced shortly after the Bitcoin halving.

Notably, Runes’ arrival into the crypto space coincides with the growing awareness and unprecedented adoption of memecoins. Such a development has led to increased competition for scarce Satoshis among intending projects wanting to mint on the Runes protocol. 

Crypto community members anticipate that users will mint more Runes over time. One highly anticipated project is Taproot Wizards, the Ordinals project co-created by Bitcoin OG influencers Eric Wall and Udi Wertheimer. Users also look forward to the creation of Satoshi Nakamoto, named after Bitcoin’s creator.

The post Runes Minting Dominates Initial Bitcoin Halving Fallouts appeared first on Coin Edition.
WIF, ICP, ADA Price Analysis As Bitcoin Completes 4th HalvingWIF was overbought, indicating that the price might drop below $2.70. With increasing volatility, the price of ICP could rise to $15 in the short term. ADA might retrace as the short-term EMAs suggested a bearish trend. After the completion of the 4th Bitcoin (BTC) halving, the price of several cryptocurrencies spiked. However, there were a few that made double-digit increases in the last 24 hours. These include dogwifhat (WIF), whose value jumped by 11.83%, Internet Computer (ICP) which recorded a 14.48% increase, and Cardano (ADA) with a 10.55% rise. However, it remains uncertain if these tokens would be able to sustain the hike. Here, Coin Edition looks at the possibility and how their respective prices might fare over the weekend and the coming days. dogwifhat (WIF) At press time, WIF changed hands at $.2.83. From the 4-hour chart, the price had initially dropped to $2.28 on April 18. But bulls found support at the same spot and helped the meme coin rally even though there was resistance at $2.70. Meanwhile, the Relative Strength Index (RSI) which faced the upside earlier had turned down. This was a sign that WIF’s momentum was losing its bullish strength. Hence, a decline could be next. If this is the case, the price of WIF could fall below $2.70 again.  However, if bulls return to save the situation, the meme coin might target $3 next. This could be validated considering that the Money Flow Index (MFI) reading increased. But if the MFI hits a reading of 80.00, the token might be overbought, and WIF might retrace further. WIF/USD 4-Hour Chart (Source: TradingView) Internet Computer (ICP)  The ICP/USD 4-hour chart displayed a downtrend from April 8 to 18. However, it seemed that sellers got exhausted moments after the price hit $11.87. Thereafter, the direction reversed to the upside. At press time, ICP changed hands at $14.48. Furthermore, the Bollinger Bands (BB) expanded, indicating increasing volatility around the token. However, the upper band of the BB tapped ICP above $14, indicating that the token was overbought. As such, a potential decline could be imminent. The RSI reading was close to 70.00, reinforcing the BB indications. While ICP’s price has the potential to hit $15, a retest of $13.14 could also be possible. ICP/USD 4-Hour Chart (Source: TradingView) Cardano (ADA) ADA bounced off the $0.44 support and broke the $0.47 resistance as its price almost hit the $0.50 psychological zone. If ADA hits $0.50, it could rally to $0.56. However, an overhead resistance at $0.51 might hinder the potential. ADA/USD 4-Hour Chart (Source: TradingView) In the meantime, the 20 EMA  was below the 50 EMA on the charts. This indicates that ADA’s uptrend might not last. Furthermore, the fact that 50 EMA was also ahead of the 100 EMA suggested a bearish performance in the coming weeks. Hence, traders might need to watch out. The post WIF, ICP, ADA Price Analysis as Bitcoin Completes 4th Halving appeared first on Coin Edition.

WIF, ICP, ADA Price Analysis As Bitcoin Completes 4th Halving

WIF was overbought, indicating that the price might drop below $2.70.

With increasing volatility, the price of ICP could rise to $15 in the short term.

ADA might retrace as the short-term EMAs suggested a bearish trend.

After the completion of the 4th Bitcoin (BTC) halving, the price of several cryptocurrencies spiked. However, there were a few that made double-digit increases in the last 24 hours. These include dogwifhat (WIF), whose value jumped by 11.83%, Internet Computer (ICP) which recorded a 14.48% increase, and Cardano (ADA) with a 10.55% rise.

However, it remains uncertain if these tokens would be able to sustain the hike. Here, Coin Edition looks at the possibility and how their respective prices might fare over the weekend and the coming days.

dogwifhat (WIF)

At press time, WIF changed hands at $.2.83. From the 4-hour chart, the price had initially dropped to $2.28 on April 18. But bulls found support at the same spot and helped the meme coin rally even though there was resistance at $2.70.

Meanwhile, the Relative Strength Index (RSI) which faced the upside earlier had turned down. This was a sign that WIF’s momentum was losing its bullish strength. Hence, a decline could be next. If this is the case, the price of WIF could fall below $2.70 again. 

However, if bulls return to save the situation, the meme coin might target $3 next. This could be validated considering that the Money Flow Index (MFI) reading increased. But if the MFI hits a reading of 80.00, the token might be overbought, and WIF might retrace further.

WIF/USD 4-Hour Chart (Source: TradingView) Internet Computer (ICP) 

The ICP/USD 4-hour chart displayed a downtrend from April 8 to 18. However, it seemed that sellers got exhausted moments after the price hit $11.87. Thereafter, the direction reversed to the upside.

At press time, ICP changed hands at $14.48. Furthermore, the Bollinger Bands (BB) expanded, indicating increasing volatility around the token. However, the upper band of the BB tapped ICP above $14, indicating that the token was overbought.

As such, a potential decline could be imminent. The RSI reading was close to 70.00, reinforcing the BB indications. While ICP’s price has the potential to hit $15, a retest of $13.14 could also be possible.

ICP/USD 4-Hour Chart (Source: TradingView) Cardano (ADA)

ADA bounced off the $0.44 support and broke the $0.47 resistance as its price almost hit the $0.50 psychological zone. If ADA hits $0.50, it could rally to $0.56. However, an overhead resistance at $0.51 might hinder the potential.

ADA/USD 4-Hour Chart (Source: TradingView)

In the meantime, the 20 EMA  was below the 50 EMA on the charts. This indicates that ADA’s uptrend might not last. Furthermore, the fact that 50 EMA was also ahead of the 100 EMA suggested a bearish performance in the coming weeks. Hence, traders might need to watch out.

The post WIF, ICP, ADA Price Analysis as Bitcoin Completes 4th Halving appeared first on Coin Edition.
What’s Next for Bitcoin Price As It Officially Completes the 2024 Halving?Bitcoin’s fourth halving event slashes miner rewards from 6.25 to 3.125 BTC per block. Industry experts are divided on the long-term impact, with projections suggesting potential new highs of $250K. The reduction in block rewards aims to decrease the Bitcoin supply, which currently stands at 19.6 million.  On Friday night, the Bitcoin network implemented its fourth halving event, reducing the incentives for miners by half. Specifically, as of April 18, miners earned 6.25 BTC tokens, equivalent to about $400,000, to validate a block of transactions. Following yesterday’s halving, miners now earn 3.125 BTC. This event occurs approximately every four years, as the Bitcoin code dictates. The aim is to moderate the issuance of Bitcoins and foster scarcity. Industry pundits are divided over the implications of this year’s halving on Bitcoin’s long-term value.  JPMorgan anticipates a potential downside for Bitcoin following the halving, while Deutsche Bank suggests limited expectations for price escalation. Nonetheless, the actual ramifications may unfold in the months ahead. Emphatically, the price of Bitcoin has historically clinched multiple new all-time highs following a halving event.  For instance, after the first halving cycle, Bitcoin saw a staggering 9,300% gain in value, rallying from about $12.5 to $1,163 a year later. Also, a similar trend repeated in the second and third cycles, as illustrated in the image below. Popular projections from industry pundits suggest Bitcoin could set a new high at $250K for this fourth cycle. However, considering BTC rallied by about 700% in the third cycle, a repeat of this history suggests a potential $500K per Bitcoin. Notably, the mining reward of 3.125 BTC now equates to approximately $200,000 as of Friday evening. The mining rewards were 50 Bitcoins at inception, though it wielded a monetary value of about $625.  The reduction in block rewards decreases the supply of Bitcoin by slowing down the creation of new coins. As stipulated in the Bitcoin code, the total number of Bitcoins in circulation is set to max out at 21 million, with approximately 19.6 million already in circulation today. The post What’s Next for Bitcoin Price as it Officially Completes the 2024 Halving? appeared first on Coin Edition.

What’s Next for Bitcoin Price As It Officially Completes the 2024 Halving?

Bitcoin’s fourth halving event slashes miner rewards from 6.25 to 3.125 BTC per block.

Industry experts are divided on the long-term impact, with projections suggesting potential new highs of $250K.

The reduction in block rewards aims to decrease the Bitcoin supply, which currently stands at 19.6 million. 

On Friday night, the Bitcoin network implemented its fourth halving event, reducing the incentives for miners by half. Specifically, as of April 18, miners earned 6.25 BTC tokens, equivalent to about $400,000, to validate a block of transactions. Following yesterday’s halving, miners now earn 3.125 BTC.

This event occurs approximately every four years, as the Bitcoin code dictates. The aim is to moderate the issuance of Bitcoins and foster scarcity. Industry pundits are divided over the implications of this year’s halving on Bitcoin’s long-term value. 

JPMorgan anticipates a potential downside for Bitcoin following the halving, while Deutsche Bank suggests limited expectations for price escalation. Nonetheless, the actual ramifications may unfold in the months ahead. Emphatically, the price of Bitcoin has historically clinched multiple new all-time highs following a halving event. 

For instance, after the first halving cycle, Bitcoin saw a staggering 9,300% gain in value, rallying from about $12.5 to $1,163 a year later. Also, a similar trend repeated in the second and third cycles, as illustrated in the image below.

Popular projections from industry pundits suggest Bitcoin could set a new high at $250K for this fourth cycle. However, considering BTC rallied by about 700% in the third cycle, a repeat of this history suggests a potential $500K per Bitcoin.

Notably, the mining reward of 3.125 BTC now equates to approximately $200,000 as of Friday evening. The mining rewards were 50 Bitcoins at inception, though it wielded a monetary value of about $625. 

The reduction in block rewards decreases the supply of Bitcoin by slowing down the creation of new coins. As stipulated in the Bitcoin code, the total number of Bitcoins in circulation is set to max out at 21 million, with approximately 19.6 million already in circulation today.

The post What’s Next for Bitcoin Price as it Officially Completes the 2024 Halving? appeared first on Coin Edition.
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