💰 ViaBTC's 'epic sat' from fourth Bitcoin halving block sells for 33.3 BTC ($2.13 million)

An "epic sat"—an exceptionally rare satoshi, the smallest unit of bitcoin, from Bitcoin's fourth halving block—sold for over $2 million. This milestone not only signifies Bitcoin's fourth halving but also includes a block identified as an epic 'Rare Satoshi' by the Ordinals numbering system," CoinEx Global wrote on the satoshi's auction page, adding on social media, "This auction isn't just a bidding event; it marked the community recognition, media attention and widespread embrace of Bitcoin."

Source

https://t.me/Bitcoin_Magazine

🇭🇰 Spot Bitcoin, Ether ETFs Get Official Approval in Hong Kong; 'Potential Fee War' Unfolding, Says Analyst

Hong Kong’s market regulator has officially approved the first batch of crypto-related spot exchange-traded funds (ETFs), a first for the city and a move that could establish it as Asia’s leading digital-asset hub and unleash further growth in the sector. The funds could start trading on April 30, Bloomberg Intelligence analyst Eric Balchunas said Wednesday, adding that the management fees are lower on average than previously expected.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin options worth over $6.3 billion set to expire this Friday on Deribit

Approximately $9.4 billion in cryptocurrency options are set to expire this Friday on the Deribit derivatives exchange. The majority of the options set to expire are bitcoin contracts, with a notional value of $6.35 billion. The put-call ratio ahead of Friday's end-of-month expiry is elevated at 0.68 — an increase in the amount of puts versus calls when compared to the previous week.

Source

https://t.me/Bitcoin_Magazine

💰 Mining pool ViaBTC auctions rare Bitcoin ‘epic sat’ from recent halving event on CoinEx

ViaBTC, the world’s third-largest mining pool, is initiating an auction for the “epic sat” it uncovered during Bitcoin’s fourth halving event on April 20. “Epic sat” refers to the initial satoshi generated following each halving event, occurring approximately every four years after 210,000 blocks. With just 32 epic sats expected to exist, these units carry exceptional significance within the Bitcoin network. According to the auction page, the highest bid for the asset is 2 BTC, approximately $132,000, as of press time.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin transaction fees surge to make up 75% of miner revenue post-halving

Bitcoin’s fourth halving introduced a long-term and a short-term shift in miner revenue composition as it reduced the amount of BTC rewarded to miners for each mined block by 50% — directly impacting miner incentives and, by extension, the broader Bitcoin economy. On April 19, just before the halving, transaction fees constituted 11% of total.

Source

https://t.me/Bitcoin_Magazine

💰 Pro-Bitcoin presidential candidate RFK Jr. says he will "put the entire US budget on blockchain" if elected in 2024.

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DAVE PORTNOY: 🪙 I wouldn’t buy Bitcoin at these levels. I’m don’t think I can stomach getting back in until it’s in the 40’s again

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💰 The Bitcoin Halving explained.

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💰 Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF

Bitcoin ETF provider Grayscale has provided some details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing. The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing. Shares of the BTC trust are to be issued and distributed automatically to holders of GBTC shares.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin's fourth halving block sees additional $2.4 million reward paid as fee

The fourth-ever Bitcoin halving block has been confirmed. The halving block appears to be from the crypto mining pool ViaBTC with an additional 37.6256 BTC ($2,401,399) "reward paid as fees of the 3,050 transactions which were included in the block," according to a bitcoin blockchain explorer from Blockchain.com. To be sure, it's possible this block can be changed after it's been confirmed.

Source

https://t.me/Bitcoin_Magazine

💰 Scaramucci says Bitcoin is ‘still very young,’ predicts $200k long-term price after halving

SkyBridge Capital founder Anthony Scaramucci said that Bitcoin is “still very young” in terms of adoption and predicted significant long-term growth despite its current volatility and recent price fluctuations influenced by global events. In an interview focused on the flagship crypto’s trajectory, Scaramucci highlighted that Bitcoin is still early in its adoption curve, likening its current stage to the early days of the internet around 1999.

Source

https://t.me/Bitcoin_Magazine

💰 URPD metric indicates a lack of liquidity for Bitcoin below $60,000

Bitcoin experienced a 4% rally on April 18, bouncing back from just below $60,000 on April 17. CryptoSlate has identified $58.8k as a major support level — which is the short-term holder realized price (STH RP) that has previously acted as support during bull runs. If Bitcoin drops below the support level, it could signal a bearish trend, similar to the breach of STH RP in May 2021 that kicked off the bear market.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin's Bullish Trajectory Should Resume After the Halving, Analysts Say

Global asset management firm Alliance Bernstein’s analysts Gautam Chhugani and Mahika Sapra shared their perspectives on the Bitcoin halving in a note to clients on Wednesday. Bernstein predicted in November last year that the price of bitcoin could reach $150,000 by 2025. Chhugani stated at the time that this prediction is driven by optimism of the U.S. Securities and Exchange Commission (SEC) approving spot bitcoin exchange-traded funds (ETFs).

Source

https://t.me/Bitcoin_Magazine

💰 Runes hype pushes transaction fees on Bitcoin higher

The bitcoin halving is almost upon us. While this is mostly exciting since it slows bitcoin's issuance, cutting the block reward down to 3.125 BTC, some people are excited about it because of Runes. Runes is a new protocol from Casey Rodarmor, the Bitcoin developer behind Ordinals. While the primary ideas behind Ordinals focused on bringing non-fungibility to Bitcoin, by differentiating specific satoshis by the order in which they were minted, the BRC-20 token standard also emerged, helping to bring new issuance of fungible tokens to the network.

Source

https://t.me/Bitcoin_Magazine

💰 Funding rate turns negative as Bitcoin drops below $64k

In the volatile world of cryptocurrency, perpetual futures are a go-to for many traders. These contracts don't expire, relying instead on a mechanism called the funding rate to balance market forces. Recently, Bitcoin's perpetual futures saw a dramatic shift. Typically steadied by consistent positive funding rates, a sudden plunge into negative territory coincided with geopolitical turmoil and a significant drop in Bitcoin's price.

Source

https://t.me/Bitcoin_Magazine

💰 Exchanges expected to run out of Bitcoin 9 months after halving – Bybit report

A recent analysis by crypto exchange Bybit has sounded the alarm on a potential shortage of Bitcoin (BTC) on exchanges by the end of 2024 if demand remains at similar levels. The report predicts that reserves could be entirely depleted within the next nine months if current withdrawal rates persist — currently around 7000 BTC per day. The shortage forecast is closely tied to the anticipated halving event in 2024, which will cut the Bitcoin production on each block by half.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord Says

While there has been a lot of noise about how much assets under management (AUM) bitcoin (BTC) exchange-traded funds (ETFs) are attracting, it is now becoming obvious that these ETFs are driving additional demand for the underlying cryptocurrency itself, broker Canaccord Genuity said in a research report on Monday. The broker held its 2024 Digital Assets Symposium last Thursday and hosted leaders from 29 crypto-related companies.

Source

https://t.me/Bitcoin_Magazine