Gemini’s Post

“It is not surprising that listed U.S miners are investing aggressively to ‘land grab’ a higher share” of the $900 billion bitcoin network, the analysts wrote. The firm added that bitcoin miners are “best positioned to benefit from growing institutionalization and financialization of bitcoin,” including the buildout of the bitcoin-based payment infrastructure called the Lightning Network, as well as the rising popularity of nonfungible tokens and ordinals minted on bitcoin. “We expect 2024 to be a break-out inflection year for crypto,” Bernstein analysts wrote. “We recommend achieving Bitcoin exposure via Bitcoin miners.” The firm said Riot and CleanSpark are its preferred picks. I hope you reach out if you want to learn more about how you can take advantage of these markets. If your’e in oil and gas and do not understand how this is the perfect asset class for you, you should have reached out yesterday.

Bitcoin's 4th Halving is upon us, estimated to occur on April 20th at block 840,000. Many are wondering "what's the impact on BTC’s price?" While we may see diminishing returns, #BTC price has typically reached an ATH ~500 days into each halving. Driven by ETF-induced demand, we've seen BTC reach an ATH of $73k before the halving for the first time. Read more in our latest State of the Network: https://bit.ly/SOTN-255 For a live countdown and other related mining data, you can also check out our dashboard at: https://lnkd.in/dDnW4VGX #PutTruthToWork #FutureOfFinance #BitcoinHalving

We've been publishing a lot of practical content at Glassnode lately, focusing on the impact of the recent and upcoming developments in the digital asset space and the #Bitcoin market such as ETFs and the halving. If you are not sure what Bitcoin halving is, why it is significant, or whether you should account for it in your trading or investing strategies, this article is a great starting point. #btc #bitcoinetf #bitcoinhalving

Bitcoin Miner & HODLer Selling Pressure Drying Up, Data Says https://ift.tt/UwbNXSz On-chain data suggests the selling pressure from the Bitcoin miners and HODLers has been drying up, a sign that could be positive for the asset. Bitcoin LTHs Stop Selling, While Miner Distribution Slows Down As explained by analyst James Van Straten in a post on X, two BTC groups in particular have been a source of major sell-side pressure in the market recently: the long-term holders (LTHs) and miners. The LTHs refer to the investors who have been holding their coins since more than 155 days ago. These holders are considered the resolute side of the sector, as they rarely sell regardless of whatever is going on in the wider market. The rally to the new all-time high this year, however, managed to entice even these HODLers into selling their coins and harvesting the profits that they had earned over their long holding time. According to Straten, though, the selloff from these investors has petered out recently. “LTHs have been relatively flat for the past few weeks, as BTC ranges, which is a good sign that profit-taking is subsiding,” notes the analyst. Unlike the LTHs, however, the miners, which represent the other major source of selling pressure in the market, have still continued to distribute recently. Nonetheless, as the chart below would suggest, the selling from these chain validators has at least been going down in scale. The value of the metric seems to have been becoming less negative in recent days | Source: @jvs_btc on X The graph shows the data for the monthly balance change for the miners as a whole. This cohort had turned into a seller back in November and had kept up the selling at a more or less consistent rate over the next few months, as the monthly balance change had maintained around the same notable red values. Recently, however, the metric has been trending up and although it’s still negative, the latest value has been about the lowest since the selloff began, as the miners sold just 1,300 BTC over the past 30 days. The analyst suggests that this group could even turn into a net accumulator soon, as “the halving forces miners to become more efficient. Weak miners purged, less selling into the market.” The halving here naturally refers to the periodic event on the BTC network where block rewards are permanently slashed in half. The block rewards are what miners receive for solving blocks on the network and serve as the main component of their revenue, so these events have significant consequences for this group. Halvings occur approximately every four years and the latest one took place just a few days back. With selling pressure from these two cohorts, who had been actively distributing recently, now drying up, Bitcoin perhaps may finally be able to regain its bullish push from earlier, at least to some degree. BTC Price Bitcoin has been making some recovery from its recent lows, but the overall picture is that the...

Luxor, Bitnomial Introduce Hashrate Futures The contracts, priced in petahash units and settled using Luxor’s Bitcoin Hashprice Index, offer traders exposure to Bitcoin mining hashrate. A press release states that Luxor Technology Corporation (Luxor) and Bitnomial, Inc. have jointly introduced the initial exchange-traded Hashrate Futures in the United States. These futures contracts, which are slated to make their debut on Bitnomial’s derivatives exchange by the end of this month, are designed to meet the needs of both institutional investors and Bitcoin miners. Matt Williams, head […] Luxor, Bitnomial Introduce Hashrate Futures #BitcoinHalving #Bitnomial #Hashrate

Bitcoin Price Predictions for 2024 https://lnkd.in/ebR2gjyf Carol Alexander: $100,000. Mark Mobius: $60,000. Bit Mining: $75,000. CoinShares: $80,000. Nexo: $100,000 Standard Chartered: $100,000. Matrixport: $125,000. CoinFund: close to $500,000. In 2022, University of Sussex professor of finance Carol Alexander had a fairly successful run of calling bitcoin's future price. She predicted bitcoin would slip to $10,000 in 2022. That year, bitcoin fell as low as around $15,480, according to CoinDesk data. For 2023, Alexander said bitcoin would rally as high as $50,000. Bitcoin reached a yearly high of roughly $44,700 in early December. Alexander told CNBC that during the first quarter of 2024, bitcoin will trade within the $40,000 to $55,000 range, owing to "professional traders creating volatility." The next stage will depend on when the U.S. Securities and Exchange Commission settles charges against Coinbase and Binance, which could be required before approval of a bitcoin ETF, according to Alexander, echoing other commentators. The SEC sued both Coinbase and Binance in 2023. Alexander said settlement of those charges is likely in either the second or third quarter, after which ETFs will be approved and bitcoin's price will rise to $70,000, a new all-time high. The price after that depends on the abilities of the ETF providers, such as Blackrock and Fidelity, "to equip their market makers not only to create the ETFs, but also to defend price manipulations" on exchanges which create "excessive volatility." "Before end of 2024 price could exceed $100k, but only if Blackrock and Fidelity market maker algorithms have the ability to reduce volatility," Alexander concluded.

Top Institutions Holding Maximum Bitcoins in 2024 - Coinpedia Fintech News: You're in the right spot. Our academy article is your gateway to uncovering the essentials of Bitcoin whales, private firms, and mining companies.

Our Daily Market Report is out! Today, we cover: #BTC Trading Volume (24hr): $56.8B / +47% #DigitalAssets: Solana Mobile Surges with 100,000 Pre-Orders for Second Phone #TradFi: U.S. traders are keenly observing the latest Consumer Price Index (#CPI), a pivotal gauge of inflation, scheduled for release on Tuesday morning Every day, the SDM research team summarizes what is happening in crypto. Make sure to follow our page to get tomorrow's market breakdown! More insights: https://lnkd.in/eV8SzCrj 

🚨 Miners, get ready for the Bitcoin halving! 🚨 Our latest blog jumps into the essential preparations every miner should consider as the halving approaches. Read here: 🔗 https://lnkd.in/g-h79Zz2 #BitcoinHalving #ASICMining #Hashbranch

Bitcoin’s price has surged 36% since spot bitcoin ETFs were approved on Jan. 10. But an upcoming event known as halving could that push price growth further. Halving happens automatically when 210,000 “blocks” are created as part of the bitcoin mining process. This happens approximately every four years, and it discourages coin production by reducing the reward for mining new bitcoin by half. The last halving event was in 2020, and the next one is expected sometime in April.