Fourth Bitcoin Halving Activated: What’s Next?

Audy Castañeda
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Fourth Bitcoin Halving Activated: What’s Next?

The Bitcoin halving was completed on April 20, 2024 (00:09 UTC). It consisted of halving BTC mining rewards. While for some the reduction in the supply of Bitcoin could lead to an increase in its price, for others, the halving is instead perceived as an opportunity for the network to become more efficient and sustainable.

This Saturday, shortly after midnight (GMT time), block number 840,000 was processed in the blockchain of the largest cryptocurrency. With this, the historic fourth Bitcoin halving was activated automatically and a new stage begins for the crypto market.

The block was mined by the ViaBTC pool, being the first time that this company writes its name on the halving block (in 2012 it was Slush Pool; in 2016 it was F2Pool; and in 2020 it was mined by Antpool).

Consequently, ViaBTC Pool takes over the coveted epic sat, named after the Theory of Ordinals, which classifies sats according to their level of rarity. In the case of epic sats, there will only be 32, corresponding to the number of halvings in history.

Bullish Expert Positions

Various personalities and organizations have not missed the opportunity to share their predictions about the future trend of BTC. Among them, David Battaglia highlighted that “BTC does not stop gaining value and preserving wealth over time.”

On the other hand, Stockmoney Lizards does not rule out a medium-term correction to $50,000. However, he shares a bullish prediction that Bitcoin could reach six figures in the last quarter of the year.

The renowned trader SantinoCripto also echoed the bullish position and points out that, if no “black swan” emerges, Bitcoin could reach $70,000 in the coming days. He even predicts that BTC could touch $80,000 before May.

Finally, BeInCrypto analyst and trader, Benjamín Isaza, highlighted that Bitcoin’s bullish momentum has been formed since September 2023 with an angle greater than 60°.

Isaza pointed out that “if there is a macro decline like the one experienced in 2020, it could return to $37,000 and $27,000.”

Fourth Bitcoin Halving a Reality: What Will Happen Next?

With this fourth halving, a new era of digital scarcity begins for Bitcoin. It will be the first time that, during the cycle of 210,000 blocks between one halving and another, less than 1 million BTC will be issued as a subsidy to miners, adding only 656,250 BTC to the supply in the next 4 years.

Analysts and investors are waiting for what may happen. Some probable scenarios are foreseen, such as the one related to Bitcoin mining. Since large mining companies suffer a strong impact on their income, they would have to liquidate part of their funds to cover operating expenses.

Such liquidation implies that liquidity in the market would experience a palpable increase and with it strong selling pressure. The result is an expected downward trend in the price of BTC, which would continue for several months while the mining industry is reorganized and companies adapt to the new stage.

If the cycle theory is fulfilled in this fourth Bitcoin halving, the price improvement would take several months and the peak would be in 2025. Some warnings must be taken into account that rule out any other improvement in the price of the currency, such as the premature death of the BTC rally with the recent declines, as expressed by Santiment.

By Audy Castaneda

BNB Price May Have Another Chance at a Bullish Run

Leonardo Perez
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BNB Price May Have Another Chance at a Bullish Run

There was a break above a key bearish trend line with resistance at $540 on the 4-hour chart of the BNB/USD pair (data feed from Binance). The pair could gain bullish momentum if it breaks the $572 resistance zone.

The BNB price is attempting a fresh rise from the $515 zone. The price could gain bullish momentum if it breaks the $572 resistance zone.

The BNB price started a fresh rise after finding support near the $515 zone. The price is now trading below $555 and the 100 simple moving average (4-hours).

BNB Price Faces Obstacles

After a downward correction below $550, BNB price found support near the $515 zone. A low was formed at $513.6 and the price started a recovery wave, like Ethereum and Bitcoin. There was a move above the $525 and $530 resistance levels.

The bulls pushed the price above the $540 pivot level and the 23.6% Fibonacci retracement level of the downward move from the high of $630 to the low of $513. There was also a break above a key downtrend line with resistance at $540 on the 4-hour chart of the BNB/USD pair.

The price is still trading below $550 and the 100 simple moving average (4-hours). The immediate resistance is near the $555 level. The next resistance lies near the $572 level or the 50% Fibonacci retracement level of the downward move from the high of $630 to the low of $513.

A clear move above the $572 zone could push the price up further. In the indicated case, the BNB price could test $600. A close above the $600 resistance could set the pace for a further rise towards the $630 resistance. Any further gains could require a test of the $650 level in the coming days.

BNB Price Loses Key Support as Market Falls

Since surpassing $600 for the first time earlier this year, this zone has acted as a legal support for the BNB token.

However, the BNB price first fell below it on March 20, when it reached $507.09. Then, the BNB price showed strength and rose to $625.06 on April 12, an increase of 23.2%.

Since then, the BNB token has fallen with the market and lost the $600 support level. As of April 13, the price of BNB dropped 4.8% to trade at $594.70. Amid the turbulent price action, BNB announced the BSC Testnet Tycho hard fork on April 11.

Despite this and other similar developments, the BNB token has a bearish outlook. Experts predict that the BNB price will fall below $580 in the coming months.

Another Decline?

If BNB fails to overcome the $572 resistance, it could start another decline. The initial support on the downside is near the $532 level. The next major support is near the $520 level. The main support is located at $515.

If there is a downside break below the $515 support, the price could fall towards the $500 support. Any further losses could start a further decline towards the $465 level.

4-Hour MACD Technical Indicators. The MACD for BNB/USD is losing pace in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level.

Major Support Levels. $532, $520, and $515.

Main resistance levels. $555, $572 and $600.

The real-time price of BNB is $302.15 per (BNB/USD) with a current market cap of $45.83B USD. The 24-hour trading volume is $793.64M USD. The BNB price in USD is updated in real time. BNB has changed by +2.54% in the last 24 hours, with a circulating supply of 151.69M.

By Leonardo Perez

Stacks and Bittensor Investors Are Turning to DTX Exchange Pre-Sale, Anticipating 3000% Gains

Audy Castañeda
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Stacks and Bittensor Investors Are Turning to DTX Exchange Pre-Sale, Anticipating 3000% Gains

Amid the market crash, the Bittensor token, TAO, faced a substantial drop and investors suffered significant losses.

Bittensor (TAO) and Stacks (STX) have led the declines in the cryptocurrency market. crash after a drop in the American stock market and conflicts in the Middle East.

Due to rapid price declines, its investors are shifting to new prominent investment avenues for potential profits and sustainable growth in the upcoming bull market after the halving.

Bittensor (TAO) Price Retreats to $466 Level After Reaching ATH

Bittensor (TAO) stands as a leading project in the crypto AI space. The token saw a notable rise reaching an all-time high of $776 on April 11 after its listing on Binance.

Investors are speculating on TAO’s trajectory as the token is currently trading at $466, up 22.9%. reject on the weekly chart. Despite the optimistic long-term trends, investors are hesitant to invest in TAO at current price levels. The new lows may provide a good entry point, but for now investors are shifting to new investment avenues to capture potential gains and mitigate potential losses from the TAO.

Stacks (TAO) Nakamoto Upgrade Fails to Drive Price Rally

Stacks (STX) is a small-cap crypto with huge potential to be a major player in the cryptocurrency sector. Although Nakamoto Improvement announced that it aims to improve the Stacks platform by making it accessible and faster, the news seems to have failed to push the price towards recovery as further declines are seen on the STX chart.

Last week, STX saw a 24% drop, reflecting a persistent downward trajectory. Affected by the recent market decline, the STX’s trajectory remains highly speculative and a further decline is expected in the coming days. Due to high volatility and huge selling pressures, STX investors are abandoning their tokens for potential new DeFi projects.

Due to these uncertain trend lines for Stacks (STX) and Bittensor (TAO), investors are taking positions on the DTX Exchange, which provides a once-in-a-lifetime opportunity to be part of a project that aims to transform the DeFi space with its unprecedented commercial characteristics.

DTX Exchange Presale Moves with $230k Raised and Promises 3000% Profits

DTX Exchange (DTX) is revolutionizing the trading sector through its hybrid platform, which includes the best features of both centralized and decentralized markets. The project aims to provide traders with unique market insights and unprecedented growth prospects to navigate various financial markets, including stocks, cryptocurrencies, forex and equities.

By utilizing distributive liquidity pools, traders can optimize their digital assets while enjoying affordable trading and reduced slippage. The platform obtains real-time market information with over 120,000 digital assets to trade, offering traders an exceptional and comprehensive trading experience with a 1000x leverage feature to help them bid on higher positions.

DTX prioritizes user security and leverages blockchain technology to offer non-custodial wallets and multi-level accounts for efficient asset management. Community members have governance rights and access to potential mega airdrops, providing a unique opportunity for early adopters to become part of DTX.

The DTX Exchange pre-sale is in high demand, as the project has raised a groundbreaking $230,000 in a matter of days. With over 50% of the tokens sold, investors are urged to participate in the pre-sale at $0.02 before it rises to $0.075 in the next stage. Analysts predict that when DTX tokens are introduced on major CEX exchanges, they will skyrocket 25x to $2.

By Audy Castaneda

$1.4 Billion in Bitcoin Options Expire Today: The Latest Pre-Halving Expiration

Leonardo Perez
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$1.4 Billion in Bitcoin Options Expire Today: The Latest Pre-Halving Expiration

Today is the options expiration day prior to the fourth halving of the leading cryptocurrency. The crypto market has recently experienced a notable correction. Will this expiration event and halving manage to boost the price of BTC?

Today is the expiration day of Bitcoin options, and there is one particular element to this event: within a few hours the fourth halving of the leading cryptocurrency will occur. The crypto market has recently experienced a notable correction, but will this expiration event and halving be able to boost the price of BTC?

Approximately $1.4 billion in Bitcoin options contracts will expire today. The tranche is very similar to the 21,000 contracts settled last week.

Bitcoin Options Expiration

The face value of the 21,564 Bitcoin contracts and 298,415 Ethereum contracts expiring today is $1.4 billion and $930 million, respectively.

According to information provided by Greeks.Live, Bitcoin’s put/call ratio stands at 0.64. The maximum pain point, that is, the price at which the asset will cause financial losses to the greatest number of holders, is $65,000.

Greeks.Live also highlighted the market volatility experienced this week in the wake of the panic, when BTC fell below $60,000:

“IVs across all major terms saw a sustained decline, mainly due to a sharp drop in call option prices, with Saturday’s halving expectations no longer able to support the market.”

In addition to Bitcoin options, around 298,415 Ethereum contracts will also expire today. These have a face value of $932 million, a put/call ratio of 0.42, and a pain high of $3,125.

Comparatively, there is very little interest in ETH contracts, with all eyes focused on BTC and the premise of the Bitcoin halving.

Geopolitical Tensions Affect the Cryptocurrency Market

Bitcoin (BTC) briefly dipped below $60,000 on Friday morning Asian market time following news that Israel had launched retaliatory missile strikes against Iran.

Israel’s missile strikes come in response to an Iranian attack last Saturday, in which Iran apparently launched more than 300 drones and missiles at targets in Israel.

Israeli officials say all but a few were successfully intercepted by Israel and its allies, including the United States.

The recent evolution of the conflict between Israel and Iran caused a momentary drop in the price of Bitcoin, which fell to $60,000. However, at the time of writing, BTC has recovered and is now valued at $62,500.

Along with Bitcoin, Ethereum (ETH), the second largest cryptocurrency, experienced a momentary drop in value, reaching $2,876. However, like Bitcoin, ETH has also recovered and is currently trading at $3,000.

Furthermore, according to data from Coinglass, the total amount of cryptocurrency liquidation in the last hour is a modest $49.35 million, coming mainly from long positions. However, in the last 24 hours more than $250 million has been liquidated.

Crypto Market Analysis: Evolution of BTC and ETH prices

Despite the volatility, the global cryptocurrency market has seen a slight drop in the last 24 hours, bringing its total global capitalization to $2.37 trillion, according to CoinGecko.

Bitcoin has remained in a sideways range, consolidating its price above $60,000. For its part, Ethereum has seen a 15% drop in the last week to currently trade at $3,006.

Most major altcoins have seen steeper declines over the past 7 days. Among them, Solana (-21%), XRP (-20%) and Dogecoin (-26%).

By Leonardo Perez

Solana’s Bitcoin, Ethereum and Memecoin Spot ETF Boost Ecosystem, CoinGecko Says

Audy Castañeda
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Solana’s Bitcoin, Ethereum and Memecoin Spot ETF Boost Ecosystem, CoinGecko Says

Bitcoin gained significant traction due to the approval of ETFs, driving market growth in the first quarter of 2024. Ethereum recorded astonishing achievements through its L2s and restaking in the reporting period. Solana delivered impressive results in the quarter, thanks to the rise of meme coins in its ecosystem.

The cryptocurrency market soared in the first quarter of 2024, with the total market capitalization soaring 64.5%. Amid this surge, detailed in CoinGecko’s “Q1 2024 Cryptocurrency Industry Report,” some altcoins spectacularly outperformed Bitcoin (BTC).

While Bitcoin set a new all-time high of $73,737 in March, some popular altcoins posted even more impressive gains. This insight and other cryptocurrency market developments reveal potential hidden gems for investors looking for dynamic opportunities.

Hype for Altcoins and Frenzy for Memecoins Grow

The approval of spot Bitcoin exchange-traded funds (ETFs) in the United States in January ignited the market. As of April 2, these ETFs had accumulated more than $55 billion in assets under management (AUM).

Despite the push from ETFs, the price of Bitcoin only rose 69% during the first quarter. However, Solana (SOL) and Maker (MKR) managed to steal the show, rising 100% and 132%, respectively.

Ethereum (ETH), the second largest cryptocurrency, also saw a relatively moderate price increase compared to Solana. In the previous quarter, ETH only managed to register a rise of 60%.

However, its Layer 2 (L2) networks flourished thanks to the gas rate reductions implemented by EIP-4844. As a result, these L2s processed more than $900 million in transactions during the reporting period.

In addition to the L2 boom, Ethereum also recorded amazing achievements in its reset sector. In the first quarter of 2024, resettlement on EigenLayer saw a 36% increase, with a total of 4.3 million ETH resettled.

The bulk of the re-statized ETH was held by liquid re-statization (LRT) protocols, which amounted to 2.28 million ETH. EtherFi was the top LRT protocol in the first quarter, with a 21% market share. It experienced a massive 2,616% growth throughout the quarter and at the end of March it had 910,000 ETH.

On the other hand, the rise of memecoins affected Solana’s performance. During the first quarter, the market capitalization of Solana’s top 10 memecoins skyrocketed more than 800%. At the end of March, these assets reached a staggering total market capitalization of $9.36 billion.

Cryptocurrency Market Expands in the First Quarter of 2024, According to CoinGecko

In addition to the cryptocurrency market, the non-fungible token (NFT) sector recovered in the previous quarter, driven by renewed attention paid to Bitcoin and Solana NFTs. Ethereum regained its position as the largest NFT chain, with more than $2.2 billion in trading during that period.

However, increased interest within the Bitcoin and Solana ecosystems challenged Ethereum’s dominance. Previously, an outlet media reported that by April 2024, Bitcoin ordinals, NFTs on the Bitcoin blockchain, had surpassed Ethereum NFTs several times in terms of sales value.

The upcoming Bitcoin halving and the launch of the new Runes token standard could increase competition. Investor enthusiasm was also reflected in the spot trading volume of centralized exchanges (CEX), which reached $4.29 trillion in the first quarter of 2024.

This is the highest level recorded since the end of 2021. However, decentralized exchanges (DEXs) saw Ethereum’s share of trading volume decline, with chains such as Arbitrum and Solana gaining attention.

By Audy Castaneda

Google Searches for “Bitcoin Halving” Skyrocket

Leonardo Perez
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Google Searches for “Bitcoin Halving” Skyrocket

The term “Bitcoin halving” went from 20% (in the approval period of Bitcoin spot ETFs) to 72% between the week of April 7 and 13. Google Trends showed that the top 5 countries that lead searches for “Bitcoin halving” are: El Salvador, Venezuela, Cuba, Argentina and Spain. Latin America is the region most interested in the details of the “Bitcoin halving”, although it did not generate enough interest in countries in Asia or Africa.

The Bitcoin halving adds to the latest positive developments on BTC in recent months, such as the cryptocurrency market rally or the approval of spot Bitcoin exchange-traded funds (ETFs). The term “Bitcoin halving” has become an Internet trend, even in Google searches.

This important event will take place on April 19 or 20, 2024 and in the last month, searches for the term “Bitcoin halving” on Google have skyrocketed to levels never seen before, going from 20% (in the period of approval of Bitcoin spot ETFs) to 72% between April 7 and April 13.

“Bitcoin Halving” Beats the Olympic Games in Google Searches

Bitcoin is a trend throughout the world, as if it were the Paris 2024 Olympic Games, whose global interest has gone from 11%, at the beginning of the year, to 57%, between April 7 and April 13.

The term “Bitcoin halving” has a clear tendency to reach 100%, that is, searches skyrocket enough to go from 72% to 100%, which could happen on the same day as the halving, scheduled for April 19.

The top 5 countries that lead the searches for the “Bitcoin halving” are: El Salvador, Venezuela, Cuba, Argentina and Spain, with 100% in the first two countries, 85%, 71% and 57%, respectively. They are followed by Uruguay, Panama, Puerto Rico, Colombia and Chile (between 28% and 42%).

“Bitcoin Halving” Generates Expectations Around the World

Countries such as Ecuador, Netherlands, Peru, Mexico, Dominican Republic, Bolivia, Guatemala, Costa Rica, Brazil, Portugal are added to the top 30. These last Latin American countries (except Portugal and the Netherlands) have a Google search percentage of between 14% and 28%.

Meanwhile, the countries with the least interest in searches for the “Bitcoin halving” on Google are: Belgium, France, Switzerland, Romania, Canada, Turkey, United States, Germany, United Kingdom and Italy. The latter have a search percentage that ranges between 1% and 14%.

“Bitcoin Halving” Could Increase Google Searches by 100%

The hype that Bitcoin has generated has occurred since the recent cryptocurrency rally, accompanied by the FOMO generated by memecoins, altcoins and the Bitcoin spot ETF. However, BTC operates with losses of 13.19% in the last week, at 61.097%, according to data from CoinMarketCap.

A few days ago, media outlet reported that El Salvador, Nigeria, Switzerland, Liechtenstein and Austria are the nations with the greatest interest and searches for “Bitcoin” on Google. In the last 15 years, cryptocurrency has come a long way: from being described as a financial pyramid, to being declared “dead” hundreds of times.

In the early hours of April 18, the halving clock marked 1 day and 23 hours until it happens, while it adjusted the date again to April 20. The halving reduces the amount of new BTC generated per block, as detailed by BiTBO:

“In 2012, the number of new bitcoins issued every 10 minutes fell from 50 bitcoins to 25. In 2016, it fell from 25 to 12.5. Now, at the 2020 halving, it will fall from 12.5 to 6.25.”

By Leonardo Perez

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