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Bitcoin Halving Event Reduces Mining Rewards, Impacts Miners More Than Market Prices According to Bloomberg, the much-anticipated Bitcoin halving event took place recently, reducing the mining reward by half. This event, which occurs every four years, is designed to limit the number of Bitcoins in circulation to a maximum of 21 million, as per the original cryptocurrency's code. The halving mechanism was introduced by Bitcoin's anonymous creator, Satoshi Nakamoto, to prevent inflation. The halving event, which was the fourth since 2012, reduced the daily reward for miners from 900 to 450 Bitcoins. Despite the reduction, Bitcoin advocates remain optimistic about the cryptocurrency's future. However, market watchers have noted that the halving was already factored into the price, resulting in limited price movement. The impact of Bitcoin mining on the total number of tokens in circulation decreases with each halving. For instance, the number of tokens mined after the first halving represented 50% of the total Bitcoins at the time, while the new supply in the upcoming cycle will only account for 3.3%. #bitcoinhalving #btchalvingcarnival #HotTrendsView #BinanceNews #TrendingTopic:

Mysterious 'Mr.100' Acquires Large Amounts of Bitcoin Ahead of Halving According to BlockBeats, a mysterious entity known as 'Mr.100' has been significantly increasing their Bitcoin holdings as the Bitcoin halving approaches. Over the past three days, 'Mr.100' has purchased nearly all newly mined Bitcoin. On April 15, they bought 800 BTC, followed by 600 BTC on April 16, and 400 BTC on April 17. The total amount of Bitcoin purchased by 'Mr.100' has now surpassed the combined purchases of BlackRock and Fidelity. The Bitcoin halving, a pre-scheduled event that reduces the number of new Bitcoins created and earned by miners, is seen as a significant event in the cryptocurrency market. It is often associated with a surge in the price of Bitcoin, as the reduced supply of new coins can lead to increased demand. The actions of 'Mr.100' suggest that they are anticipating a similar surge following the upcoming halving. #hottrendingtopics #BinanceNews #TrendingTopic:

Bitcoin Recovers After $10,000 Drop, Shiba Inu's Shibarium Network Sees Increased Activity, XRP Predicted to Rise According to CryptoPotato, Bitcoin's price experienced a significant drop of $10,000, potentially due to the prospect of US rate hikes and geopolitical tensions. However, the cryptocurrency is showing signs of recovery, with an expected boost from the upcoming halving event. Meanwhile, Shiba Inu's Shibarium network has seen a substantial increase in daily transactions, indicating increased activity and potential for future growth. Despite a recent price drop, analysts remain optimistic about XRP, viewing the current situation as a buying opportunity with expectations for an upward trend. Bitcoin was valued at over $72K last week, but over the weekend, it fell below the $63K mark. This severe correction may have been triggered by external events impacting traditional finance. For instance, the US Federal Reserve hinted at a potential rate hike due to persistent inflation in the world's largest economy. Additionally, geopolitical tensions increased following Iran's launch of over 300 drones and missiles at Israel. Bitcoin's price was negatively affected by geopolitical concerns earlier in 2022 when Russia invaded Ukraine. However, the asset recovered all losses within days, raising hopes for a similar recovery soon. As of April 15, Bitcoin has risen by 3% and crossed the $66,000 level. The upcoming halving event, which occurs approximately every four years and halves the rewards distributed to miners for validating blocks on the Bitcoin blockchain, could potentially lead to a more significant uptick. Shiba Inu's valuation has also significantly dropped in recent days, but metrics related to its ecosystem have increased. Daily transactions on the layer-2 blockchain solution, Shibarium, surpassed 200,000 at the end of last week, a 4,000% spike compared to the previous day. The figure stands at over 400,000 as of April 15, indicating increased activity on the network. #ShibaInu: #BTC🔥🔥🔥🔥🔥🔥 #Memecoins #etf #TrendingTopic:

Bitcoin's Scarcity Debunked: A Look at the Cryptocurrency's Divisibility According to Blockworks, despite the common belief that Bitcoin is scarce due to its supply limit of 21 million $BTC , the reality is different. The scarcity notion is challenged by the fact that each Bitcoin is highly divisible, up to eight decimal places, resulting in 100 million satoshis (sats) per Bitcoin. This divisibility makes Bitcoin far from scarce. The current circulating supply of Bitcoin, which is 19.68 million, translates to 1.968 quadrillion sats. By 2140, there will be 2.1 quadrillion sats. To put this into perspective, the base money supply of the US dollar is currently less than $5.9 trillion, and the broader M3 is under $20.8 trillion. If Bitcoin is considered scarce, then so should the US dollar. While it's true that only 21 million people can ever own one Bitcoin each, the number of Bitcoin addresses with at least one Bitcoin is slowly growing. Currently, around 1 million addresses have at least 1 BTC. However, it's not clear how many of these addresses are owned by the same person or how many exchange accounts have million-dollar Bitcoin balances. There are also 53 million Bitcoin addresses that have one satoshi or more. If the current supply were suddenly distributed to these addresses, each would receive more than 37 million sats, equivalent to $25,500. This further challenges the notion of Bitcoin's scarcity. The perception of scarcity is attributed to the 'fiat brain', which automatically considers the largest unit when thinking about Bitcoin as a currency. However, sats are incredibly cheap right now, priced at $0.00069 each, and are often overlooked. If every sat were worth the current price of a whole Bitcoin, an even distribution would give every human alive $16.7 billion BTC. #HotTrends #BinanceNews #bitcoinhalvingn

Bitcoin Bull Market May Just Be Beginning, Suggests Glassnode Report According to BlockBeats, a report released by cryptocurrency data analysis firm Glassnode on April 12 suggests that the current frenzy phase of the Bitcoin bull market, also known as the price discovery phase, may just be beginning. Glassnode pointed out that in previous frenzy phases, Bitcoin's price experienced multiple retractions of more than 10%, with most retractions being even larger, and retractions of 25% or more being quite common. However, in this cycle, since Bitcoin broke its historical high, there have only been two corrections of approximately 10%. Glassnode's analysis provides a fresh perspective on the current state of the Bitcoin market. The report's findings suggest that the current bull market may still be in its early stages, despite Bitcoin's recent record-breaking performance. This could indicate that there is still significant potential for further growth in the Bitcoin market. The report also highlights the relative stability of the current Bitcoin market, with fewer large-scale price retractions compared to previous cycles. This could be a sign of increasing maturity and stability in the Bitcoin market, which could potentially attract more investors and further fuel the ongoing bull market. #hottrendingtopics #BinanceNews #TrendingTopic:

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