Dogecoin price was among the top gainers today as the crypto market witnessed a rebound. Bitcoin price also crossed the brief $64k support, which many experts have attributed to the SpaceX IPO buzz.
In addition, the successful debut of the SpaceX IPO has also crowned “DOGE Father” Elon Musk as the first-ever trillionaire in the world. Having said that, investors are keeping a close track of whether DOGE price can continue its upward momentum ahead.
DOGE Father Elon Musk Becomes First Trillionaire Dogecoin price has recorded a significant jump today as Elon Musk, long dubbed as ‘DOGE Father,’ cemented his place in financial history following the blockbuster public debut of SpaceX. Meanwhile, shares of SpaceX opened at $150, an 11% jump from its IPO price of $135, before climbing further to $163.
Source: Yahoo Finance The rally pushed the company’s valuation beyond $2.1 trillion, marking one of the most significant market debuts in recent history. Besides, the listing instantly elevated Elon Musk to the world’s first trillionaire, underscoring his outsized influence across both traditional markets and digital assets.
The impact of the SpaceX debut in the US market was also felt in the crypto space. The broader crypto market, including Bitcoin price, has wiped off some of its recent losses.
In addition, Dogecoin, which has long traded in tandem with Musk’s public endorsements, spiked as investors reacted to the milestone. Notably, Elon Musk has endorsed the dog-themed meme coin on social media platforms earlier, which has also caused a spike in DOGE price.
Can Dogecoin Rally Sustain? The market pundits remain divided on whether the Dogecoin rally can sustain or is just a hype due to Elon Musk achieving the trillionaire milestone. Some expect the hype to fade gradually, which might turn the investors cautious.
In addition, a flurry of experts have also predicted Bitcoin to further decline ahead, which might also impact the broader crypto market. For context, in a recent report, Galaxy Digital said that BTC price may crash to as low as $30,000, calling that the bottom is far from over currently.
However, despite that, the impact of the SpaceX IPO was seen on Dogecoin price. At the time of writing, DOGE price was up over 5% and traded near $0.089, after touching a daily high of $0.091.
Investors increasingly appear to be willing to prioritize growth opportunities over defensive positioning.
Bitcoin (BTC) and gold are the only two major asset classes in the red so far in 2026, posting year-to-date losses of 27% and 3%, respectively, according to market analyst Charlie Bilello.
What makes it unusual is not just the losses themselves but the combination, with both assets never having finished as the two worst performers among the majors in a calendar year, going back to 2011.
Rotation Showing Up Across Markets The backdrop makes the situation harder to explain, as Bilello pointed out in a recent market report. Data he shared showed the S&P 500 was up around 9% on the year, and small-cap stocks had gained 19% in the same period. Furthermore, he noted that value stocks have jumped 15%, and emerging market equities were outperforming expectations.
Basically, everything is in positive territory except for gold and BTC, the two assets most commonly associated with protection against uncertain times as well as monetary debasement.
The analyst’s chart, which has tracked annual returns for the last 15 years, showed just how out of character this performance is for both assets. Gold posted gains of 63.7% in 2025 and 26.7% in 2024, while Bitcoin returned 121% in 2024 and had one of its best showings in 2013 when total returns hit 5,500%.
Looking at the long-run numbers, they’re also quite impressive, with BTC’s cumulative returns since 2011 sitting at 21,000,000%, annualized at 121.6%, while gold has returned 179% in total over the same period. And while the current drawdown doesn’t erase that history, it’s certainly raising questions about what role these assets are playing in 2026.
According to Bilello, part of what’s happening is down to rotation, with the tech sector seeing a 28% outperformance vs. the S&P 500 off the March lows, which he says is the largest such move ever recorded, being even bigger than the 1999-2000 dot-com run.
You may also like: Bitcoin (BTC) Dips Below $62K, Ethereum (ETH) Plunges 6% Daily: Market Watch Saylor Should Stop Buying Bitcoin, Says CryptoQuant Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha Tech now accounts for close to 40% of the S&P 500, some way above the 35% peak seen at the height of the dot-com bubble, and in such an environment, the market observer says capital has opted to move to assets with earnings momentum rather than staying on stores of value with little to no yield.
Price Action in Gold and BTC At the time of writing, the world’s foremost cryptocurrency was trading above $66,000, having touched $67,000 for the first time in two weeks earlier in the day. That uptick followed news that the United States and Iran were due to sign a peace deal later in the week in Switzerland, which briefly lifted sentiment across risk assets.
Gold, meanwhile, is trading around $4,300 per troy ounce, with a weekly range between $4,025 and $4,340, and a 3% year-to-date dip that looks modest when compared to the cryptocurrency’s, even though it still represents an unusual reversal for an asset that spent much of the last two years at or near record highs.
Bitcoin (BTC) is experiencing headwinds above $65,000 following the Bank of Japan’s rate hike to 1% on Tuesday. Still, Uniswap (UNI) and Worldcoin (WLD) continue to rally amid rising retail interest, while Bitcoin’s recovery grows heavy.
Bitcoin waits above $65,000 as recovery hinders Bitcoin edges higher at press time on Wednesday, inching closer to $66,000 as it maintains a mixed near-term tone following the recent rebound from $60,000. Still, BTC remains below the 50-, 100-, and 200-day Exponential Moving Averages (EMAs), clustered between roughly $70,300 and $78,300.
The loss of the former rising trendline, now acting as resistance around $72,851.77, reinforces a capped structure, while the Relative Strength Index (RSI) at 42 on the daily chart hints at weak but stabilizing downside momentum. At the same time, the Moving Average Convergence Divergence (MACD) remains positive but moderating, suggesting that recent recovery attempts lack decisive follow-through.
On the topside, initial resistance is seen at the 50-day EMA near $70,345, followed by the trendline barrier around $72,852 and the 100-day EMA at $73,045, with the 200-day EMA higher up near $78,333 acting as a broader bearish pivot.
BTC/USDT daily price chart.On the downside, the key structural floor sits at the horizontal support zone around $60,000, where a break would expose further weakness and extend the prevailing corrective phase.
Uniswap prepares for a trendline breakout rallyUniswap trades above $3.00 at press time on Wednesday, extending the recovery run for the seventh consecutive day. This rebound aligns with rising renewed retail interest and Uniswap's collaboration with Arc to provide deep stablecoin liquidity.
The pair has pushed above its 50- and 100-day EMAs and is testing a local resistance trendline near $3.50, hinting at a constructive near-term bias. Momentum is strong, as the RSI at 70 hovers just near the overbought territory while the MACD extends above its signal line, suggesting bullish pressure is still in play.
A decisive close above the trendline near $3.50 would position the 200-day EMA at $4.08 as the next notable resistance. A clear break above this longer-term average would open the door for a more sustained advance.
UNI/USDT daily price chart.Looking down, initial support is seen near the 100-day EMA at $3.37 and the 50-day EMA near $3.07, reinforcing a broader demand zone on pullbacks.
Worldcoin rally gains tractionWorldcoin has been trading in the green over the last five days, inching closer to the $0.70 mark at press time. WLD maintains a clear bullish bias as price holds well above the 50-, 100-, and 200-period EMAs between roughly $0.38 and $0.46.
That said, the RSI at 71 points to overbought conditions on the daily chart that could slow the advance rather than immediately reverse it. Meanwhile, the positive MACD histogram continues to expand as the average line extends higher above the zero line, hinting that upside momentum is stretching.
Looking up, the October 17 low at $0.82, followed by the $1.00 psychological threshold, could serve as overhead barriers.
WLD/USDT daily price chart.A slip below $0.65 could erase some gains from the five-day recovery, risking a reversal to the $0.56 support floor, followed by the $0.50 psychological level.
(The technical analysis of this story was written with the help of an AI tool.)
After smashing the $100k mark, Bitcoin (BTC) managed to maintain its bullish momentum as it is now targeting the $110k resistance level. This might help instill more bullish sentiment in the market that has the potential to allow multiple cryptos turn their charts green. Among them, Nebula Stride (NST) seems to be a strong contender, considering its offerings.
Will Bitcoin cross $110k soon? The Bitcoin price witnessed a more than 16% price hike in the last seven days. Thanks to that, the king of cryptos was trading at $108k with a market capitalization of over $2.14 trillion. IntoTheBlock’s data revealed that 54.17 million BTC addresses were in profit, which accounted for 100% of the total number of BTC addresses. In fact, latest data revealed that the chances of BTC price going further up are high.
The Bitcoin Rainbow Chart pointed out that the coin’s price was in the accumulation zone. This opens up an opportunity for investors to stockpile BTC at an attractive price. In fact, investors took this opportunity to accumulate in the last 24 hours. This was evident from BTC’s dropping exchange reserve—a sign of a possible price hike in the coming days.
Source: CryptoQuant Nebula Stride: A new contender that can explode While BTC inches towards the $110k mark, Nebula Stride (NST) is also making headlines. By creating user-friendly infrastructure and concentrating on the real-world economic front, Nebula Stride allows for fractional ownership of tangible assets, creating access to a multi-trillion-dollar industry that was previously only available to the affluent.
This real-world anchor could drive a substantial price surge and fuel massive investor adoption of NST—allowing the crypto and the blockchain to become one of the pioneers in the industry going forward.
Additionally, NST serves institutional funds and individual investors looking for tangible assets, which are supported by a wide-ranging ecosystem in the Real-World Assets (RWA) sector.
The token’s price, currently $0.02, holds high potential returns as the platform scales and tokenization gains traction, offering a low entry barrier with significant upside.
Key Takeaways! Latest data revealed that Bitcoin is on the right track to cross the $110k mark. In the meantime, Nebula Stride (NST) is also gearing up to become a major player in the crypto space. NST showcases its robust capabilities, which can create buzz soon. Ergo, investors shouldn’t miss out on this token, as the possibility of Nebula Stride (NST) skyrocketing are high.
Links to official resources:
Website: nebula-stride.com Presale: https://presale.nebula-stride.com Telegram: https://t.me/NebulaStrideOfficial Twitter/X: https://x.com/NebulaStridePr Discord: https://discord.com/invite/nebulastride Visit the official presale page and grab Nebula Stride!
Strategy, formerly MicroStrategy (MSTR), has announced plans to issue 2.5 million shares of 10% Series A Perpetual Stride Preferred Stock (STRD) to raise funds to expand its Bitcoin holdings and support working capital.
The company aims to raise approximately $250 million from this initial public offering (IPO), based on an initial liquidation preference of $100 per share. Meanwhile, other firms are also advancing Bitcoin treasury initiatives across the globe.
Strategy Plans Major IPO to Raise Funds for Bitcoin Expansion According to Strategy’s official announcement, the offering targets institutional and select non-institutional investors. Holders are eligible for non-cumulative dividends, paid quarterly if declared, at a 10% annual rate.
“Strategy will have the right, at its election, to redeem all, but not less than all, of the STRD Stock, at any time, for cash if the total number of shares of all STRD Stock then outstanding is less than 25% of the total number of shares of STRD Stock originally issued in the offering and in any future offering, taken together,” the statement read.
The offering plan follows Strategy’s latest acquisition of 705 BTC for around $75.1 million yesterday. SaylorTracker data shows that the firm holds 580,955 BTC, valued at over $60 billion.
Strategy’s move comes amid a wave of corporate cryptocurrency adoption. On June 2, Hong Kong-based Reitar Logtech Holdings Limited (RITR), a logistics solutions provider, revealed that it is in advanced negotiations to create a strategic Bitcoin treasury. The initiative aims to purchase up to 15,000 BTC, valued at approximately $1.5 billion.
“Management believes this treasury diversification could provide several strategic benefits including enhanced financial resilience through allocation to a non-correlated digital asset, increased financial flexibility for future strategic acquisitions in logistics technology and automation platforms, and positioning for expansion in high-growth Asian markets where demand for smart logistics infrastructure continues to increase,” the filing read.
Similarly, the Norwegian Block Exchange (NBX) made history as Norway’s first listed company to adopt Bitcoin as a treasury asset. The company has acquired 6 Bitcoin and aims to raise its holdings to 10 BTC by June.
In Russia, Sberbank, the country’s largest bank, launched structured bonds tied to Bitcoin. This product is available to a limited group of qualified investors in the over-the-counter market.
Beyond Bitcoin, other digital assets are also gaining traction. BTCS, a blockchain tech firm, acquired 1,000 ETH, bringing its Ethereum holdings to 13,500 ETH.
“Ethereum remains at the core of our blockchain infrastructure strategy. Our expanding ETH position is not simply a treasury play-it’s a strategic byproduct of our NodeOps and high-growth Builder+ activities. We are focused on building highly scalable, revenue-generating infrastructure,” CEO Charles Allen said.
Meanwhile, Classover, an edtech company, is focusing on building a Solana (SOL) treasury reserve. The company previously bought 6,472 SOL for approximately $1.05 million.
Now, it has entered into an agreement to issue up to $500 million in senior secured convertible notes, with an initial $11 million funding set to close soon. A significant portion of the proceeds, up to 80%, will be allocated to purchasing SOL.
These developments reflect a broader shift among corporations to diversify treasury assets with cryptocurrencies.
The STRD offering marks the company's third preferred instrument as it continues building a structured and diversified capital stack anchored in Bitcoin exposure.
STRD delivers a fixed 10% dividend with perpetual duration and ranks below Strategy's senior preferred instrument (NASDAQ:STRF), but above the firm's common equity.
It is structured to sit at the riskier end of the firm's yield curve but compensates investors with its highest payout to date among Strategy's preferred options.
Unlike (NASDAQ:STRF), which prioritizes capital preservation and mimics the risk profile of investment-grade fixed income, STRD is intended for investors seeking higher returns despite increased subordination.
Meanwhile, Strategy's other product STRK (NASDAQ:STRK) offers an 8% dividend and the added benefit of convertibility, placing it squarely between STRF and STRD in terms of both yield and risk.
Strategy's common stock MSTR remains the base layer of its capital stack, functioning as the firm's core vehicle for leveraged Bitcoin exposure.
The STRD issuance is non-callable in typical market conditions, though it may be repurchased if certain events occur, such as a major corporate restructuring or tax-related change.
Also Read: Michael Saylor’s Strategy To Outperform Bitcoin? Here’s How It Could Happen
Dividends will be distributed quarterly, in cash, but only at the discretion of the board.
The firm claims STRD compares favorably to other high-yield investment vehicles on the market.
This new product aligns with Strategy's broader push to merge structured financial instruments with crypto exposure.
The goal: deliver yield, diversification and exposure to digital assets in formats that fit traditional investment portfolios.
According to the company, the launch of STRD further extends its commitment to modernizing capital formation strategies using a layered and yield-tiered approach rooted in both crypto conviction and financial discipline.
Read Next:
Ethereum Books Record Institutional Inflows, XRP Sees Outflows: What Is Going On? Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
On June 3, 2025, Strategy (formerly known as MicroStrategy) introduced a new perpetual called Stride (STRD). The stock will allow investors to get a 10% yield from Bitcoin without buying it directly, while Strategy will get cash to buy more Bitcoin. The new stock received a mixed reception from the crypto community.
What is Stride? Following the release of Strife and Strike, Strategy introduced a new preferred stock offering, Series A Preferred Stock Stride (STRD). Stride is a 10% noncallable non-cumulative perpetual. Its fixed dividend of 10% is above Strike’s 8% dividend, but has a lower seniority if compared to Strife, which has a 10% dividend too.
Stride is a significant addition to Strategy’s so-called three-piston Bitcoin engine, conceived of common stock MSTR and two other preferred stocks, Strike (STRK) and Strife (STRF). This engine was supposed to ensure maximizing Strategy’s profits by playing with Bitcoin’s scarcity and volatility. Seemingly, Strategy found a way to improve this engine by supplementing it with a fourth element.
Stride is fee-free and has a higher yield than most ETFs. This makes it attractive for long-term investors. Stride may be repurchased if the fundamental change takes place or for taxes-related purposes. STRD dividends are discretionary and are paid when the Strategy board makes a declaration.
What are the concerns? The new stock offering was perceived as proof of Strategy’s troubled state by some on the Crypto Twitter. Critics believe that the company is running out of cash and trying to find a way to make quick money.
More than that, CEO and co-founder of CoinBureau, Nic Puckrin, took to X to ask questions regarding the Stride offering. He is interested in the origin of the funds needed to pay dividends, assumes that the new perpetual may dilute common stock if the latter is used to fund STRD, and asks if there is a risk that Strategy will have to sell Bitcoin if the equity is not sold. On top of that, while not saying “Ponzi Scheme,” Puckrin questioned whether it is a good idea to pay current investors with funds taken from future investors. A Bitcoin enthusiast, Shanaka Anslem Perera, responding to these questions via an X post, claimed the offering has clear Ponzi vibes.
The $4.22 billion net loss admitted by Strategy in the first quarter of 2025 only fuels skepticism. If Strategy dumps MSTR stock to fund dividends for STRD investors, it creates tension within the Bitcoin engine and potentially hurts MSTR stock investors.
Why do some say Stride is a genius move? At a current Bitcoin price of over $100,000, Strategy’s $8+ billion debt is not considered a problem. According to Goldman Sachs, investors will stop investing in Strategy only if, by 2027, the BTC price declines by half. That’s why there are many optimistic comments from people who don’t see Stride stock offering as a sign of the inability of Strategy to gain cash for purchasing more Bitcoin or pay off its debt.
Adam Livingston, MSTR investor and author of The Bitcoin Age and The Great Harvest, posted a series of tweets explaining the genius behind the new stock. However, it’s notable how he emphasizes how good the move is for Michael Saylor, co-founder and chairman of Strategy. Livingston puts it that way:
“Saylor gets cheap capital, no dilution, optional payments, and can nuke it whenever he wants.”
Livingston claims that yield serves as a disguise for Bitcoin accumulation. He points out that Strategy will not be obliged to pay dividends if things are getting out of hand and argues that STRD doesn’t dilute the float.
According to him, the new stock is not for bitcoiners, but rather for people who feel reluctant to own Bitcoin but want to yield on BTC. Institutional allocators and pension funds may find STRD interesting, too.
Livingston outlines that STRD offering is a 10% yield for the more TradFi people, while the Bitcoin veterans will rather see it as cheap capital to reduce the market supply. Earlier, Livingstone claimed that Strategy is rewriting Bitcoin’s scarcity, creating a synthetic halving. Although these financial equilibristics raise questions about Bitcoin’s decentralization and the original anti-Wallet Street ethos, it seems that from Michael Saylor’s standpoint, Strategy just cemented its status even better.
Strategy raised $979.7M by pricing 11.76M STRD shares at $85 each. STRD offers a fixed 10% non-cumulative dividend with no conversion option. Strategy (formerly MicroStrategy) has expanded its preferred stock offering to raise nearly $1 billion for additional Bitcoin acquisitions. The firm priced 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD) at $85 each, with an estimated $979.7 million in net proceeds.
Initially targeting $250 million, the Strategy significantly increased the offering in response to investor interest. The STRD shares will settle on June 10, pending standard closing conditions. This marks the third preferred stock product from Strategy in 2025, following STRK and STRF.
Unlike STRF, which offers a 10% cumulative dividend, and STRK, which pays 8% with a conversion option, STRD delivers a fixed 10% non-cumulative dividend. Therefore, missed payments on STRD won’t accrue. Also, unlike STRK, STRD cannot convert to common shares.
Strategy’s $1B STRD Move Fuels Bitcoin Push Michael Saylor, Strategy’s executive chairman, described STRD as the “fourth gear” in the company’s “Bitcoin engine.” According to him, the offering adds a high-yield credit product with limited Bitcoin price sensitivity.
The proceeds will fund general corporate activities, primarily Bitcoin purchases. On June 1, Strategy added 705 BTC for around $75.1 million using proceeds from prior STRK and STRF ATM sales. The firm now holds 580,955 BTC, worth over $60 billion, at an average price of $70,023.
Strategy tapped major financial institutions like Morgan Stanley, Barclays, and TD Securities to manage the STRD offering. The stock is listed on the Nasdaq, ensuring public investor access.
Previously, the company has acquired 4,020 BTC for $427.1 million between May 19 and May 25. However, recent activity suggests a slower pace of accumulation. Analysts at K33 noted reduced momentum, citing MSTR’s narrowing premium and increasing competition in Bitcoin treasury strategies.
Strategy’s shares rose 2.6% in early trading, reaching $378.26. Bitcoin currently trades at $104,638, showing signs of stability following a recent dip. With STRD, Strategy aims to maintain its lead in institutional Bitcoin adoption.
Highlighted Crypto News Today
How High Can Shiba Inu Go? Price Forecasts for 2026, 2035 & 2050
Budding crypto writer with a keen interest in providing fresh insights and the latest updates in the crypto space. Enthusiastic about translating complex crypto concepts into clear, actionable information for readers.
The world’s largest corporate Bitcoin (BTC) holder is announcing a new stock offering worth hundreds of millions of dollars as a means of accumulating more of the crypto king.
In a new press release, Strategy, formerly known as MicroStrategy, is announcing the stock offering of 11.764 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD Stock) for $85.00 per share.
[adinserter block="1"]
Strategy estimates that it will acquire about $980 million from the offering, which may give investors quarterly dividends, and intends to use the money for miscellaneous corporate expenses and to acquire more of the top crypto asset by market cap.
Preferred stock offerings, which offer investors higher and more consistent returns as well as stability, are a way for companies to raise funds without weakening their voting rights.
Strategy – which was co-founded by former chief executive and longtime BTC maxi Michael Saylor – currently holds 580,955 Bitcoin worth just over $60.5 billion at time of writing, coming in at an average cost basis of $40,680 per token, according to data from BTC tracking website BitcoinTreasuries.
The data also shows that Strategy currently holds about 2.7% of Bitcoin’s total supply.
Last month, Saylor announced that Strategy doubled the amount of capital it wants to accumulate to purchase more of the flagship digital asset from $42 billion to $84 billion.
Bitcoin is trading for $104,540 at time of writing, a 2.1% rise during the last 24 hours.
Strategy has announced plans to raise up to $4.2 billion through sales of its 10.00% Series A Perpetual Stride Preferred Stock (STRD) to fund additional Bitcoin purchases, marking another major capital raise as institutional Bitcoin adoption accelerates.
According to a company filing on July 7, the at-the-market (ATM) program will allow Strategy to sell STRD shares over an extended period, with proceeds earmarked for Bitcoin acquisition and general corporate purposes. The announcement comes as the firm reported $14.05 billion in unrealized gains for Q2 2025.
“The institutional landscape has fundamentally transformed. From Strategy’s 597,325 BTC holdings to Metaplanet’s 15,555 BTC and Deutsche Bank’s custody plans, we’re seeing unprecedented institutional engagement across markets.
Strategy raised $6.8 billion through various capital markets activities in Q2, including preferred stock offerings and common stock sales. The company maintains significant capacity for future issuances, with $18.1 billion remaining under its 2025 Common ATM, $20.5 billion under STRK ATM, and $1.9 billion under STRF ATM.
The STRD offering represents Strategy’s fourth gear in its Bitcoin acquisition engine, according to Chairman Michael Saylor, targeting yield-focused investors seeking high returns with collateral coverage. The company previously raised nearly $1 billion through STRD sales in early June.
Strategy’s disciplined approach to capital raising has created a blueprint for institutional Bitcoin adoption. Their multi-instrument strategy allows various investor types to gain Bitcoin exposure while funding continued accumulation.
Strategy now holds more than 2.8% of Bitcoin’s total supply, with its holdings valued at approximately $65 billion. The firm’s shares traded down 0.58% while writing this article, as Bitcoin held near $108,000.
Vivek Sen
Vivek has been fascinated by Bitcoin since he discovered it in 2016. He also runs a Bitcoin marketing agency, Bitgrow Lab, and he used to work at a Bitcoin VC fund, Lightning Ventures. He loves growth, marketing, startups, and writing. He is an EU news reporter for Bitcoin Magazine.
Strategy announced on Monday that it entered a $4.2 billion at-the-market (ATM) offering for its Series A Perpetual Stride Preferred Stock (STRD) after breaking its three-month Bitcoin (BTC) accumulation streak last week. This comes at a time when spot BTC demand has dropped despite increasing treasury allocations and continued BTC exchange-traded funds (ETF) inflows.
Strategy paused its nearly three-month Bitcoin buying streak, which began on April 14, as the firm did not announce any new acquisition last week, according to a Monday filing with the SEC. During this period, Strategy purchased over 69,000 BTC for nearly $7 billion, boosting its holdings to 597,325 BTC, valued at over $65 billion. This accounts for more than 2.8% of Bitcoin's total supply of 21 million BTC.
The firm also revealed it entered a sales agreement to issue up to $4.2 billion of its STRD stock, which it intends to use to resume its Bitcoin purchases.
Strategy's newly disclosed acquisition plan comes as Bitcoin ETFs continued their inflow run last week, netting $790 million, according to a report from CoinShares on Monday. However, the figure declined from the prior three weeks' average of $1.5 billion, potentially signaling a slowdown in demand as BTC edged closer to its all-time high price, the report states.
Despite steady Bitcoin ETF inflows and strong buying from treasury companies, spot demand for Bitcoin has slowed in recent weeks. The decline can be traced to a slowdown in market sentiment, keeping BTC caught between bullish speculation and short-term uncertainty, according to Shawn Young, Chief Analyst at crypto exchange MEXC.
"This market dynamics is weighing heavily on market sentiment," Young said in a note, highlighting macroeconomic instability as a major cause for the volatility. He predicts that the upcoming Crypto Week could serve as a catalyst for renewed demand in Bitcoin and potentially trigger a push toward new highs. "Market participants would seek a favorable market vantage position in anticipation of the new policy direction for digital assets," he added.
QCP analysts highlighted that strategic weekend accumulation by firms such as Metaplanet has helped sustain Bitcoin's price despite fears triggered by the sudden activity of eight previously dormant wallets that transferred roughly $8.5 billion worth of BTC on Saturday. However, they anticipate a bullish Q3 based on dynamics from the BTC options market.
"Volumes remain pinned near historical lows, but a decisive breach of the $110k resistance could spark a renewed volatility bid. Some larger players appear to be positioning for just that," wrote QCP analysts. "They are continuing to add exposure to September $130k calls, while steadfastly holding September $115/$140k call spreads, underscoring a structurally bullish Q3 outlook."
Bitcoin is changing hands just above $108,000, down nearly 1% over the past 24 hours at the time of publication.
As fears about the global coronavirus outbreak rock the markets, fueling uncertainty and doubt, Bitcoin investors are hoping BTC shows its strength as an uncorrelated asset.
Meanwhile, a number of crypto analysts are pointing to another move happening behind the scenes that they believe may be equally destructive to the crypto markets.
According to a blockchain researcher known as Ergo, PlusToken scammers are quietly mixing large quantities of stolen Bitcoin to make it harder to trace. The new movement of 13,000 BTC worth $101 million suggests the cyber thieves are not done selling the leading cryptocurrency on the open market.
New mixer deposit via:https://t.co/o7AEPFycAOhttps://t.co/ns9wtHojIT
— ??boxes full of pepe?? (@ErgoBTC) March 6, 2020
Created in 2018 in South Korea, PlusToken was an alleged Ponzi scheme that promised high-yield returns to its investors, produced by “exchange profit, mining income, and referral benefits”. It reportedly drew in three million registered users.
The platform went bust over the summer, with Ciphertrace reporting that investors lost an estimated $2.9 billion when PlusToken’s app and exchange went offline.
Ergo, who has been assessing the total size of the scam, says about 129,000 BTC was already mixed by December. Crypto analyst Kevin Svenson thinks the scammers are currently “slamming the market” with sell orders.
#BTC – this is not your average sell off. Clearly a whale unloading. pic.twitter.com/jCilhe5Ajb
— Kevin Svenson (@KevinSvenson_) March 8, 2020
Though it’s difficult to prove, Ergo and analyst Jacob Canfield also believe the scammers are actively selling BTC. Ergo says he’s convinced the scammers are selling Bitcoin. The question is how much they can offload without getting caught.
“Been looking and theorizing about this for months and I can’t see a scenario where the coins aren’t being sold, at least to some degree. This was likely obvious to the exchanges starting in September. The accounts would have been frozen then.
Why keep sending the other +60k coins over the following 5 months if you weren’t able to actively cash out? Maybe there is a scenario where this is some type of honeypot. Send us the coins, then we catch you when you move to fiat?
Because I can’t imagine scammers keeping over 1$B parked on a few exchanges.”
Never long when plus token moves bitcoin
Never long when plus token moves bitcoin
Never long when plus token moves bitcoin
Never long when plus token moves bitcoin
Never long when plus token moves bitcoin
Never long when plus token moves bitcoin
Bitcoin hasn’t done well in the past two days; since hitting $9,200 on Saturday, the cryptocurrency has plunged as low as $7,600, more than 17% lower than the weekend high, in a move that has liquidated over $200 million worth of BitMEX long positions in the process.
The move undoubtedly caught traders off guard, hence the massive amount of liquidations. But, there are some weighing in on what crashed Bitcoin.
Bitcoin’s Drop May Be Hedge Funds According to Raoul Pal — CEO of finance media startup Real Vision, former Europe hedge fund sales lead at Goldman Sachs, and a long-time Bitcoin adopter (since 2013) — BTC’s weakness may be related to hedge funds. He explained in a tweet published on Monday:
“It feels like any hedge fund that was long bitcoin is having to liquidate. VAR takes no prisoners. (For those new to VAR it is the measure of risk in a portfolio and is connected to volatility, so as vol goes up of all assets, they have to reduce risk).”
It feels like any hedge fund that was long bitcoin is having to liquidate. VAR takes no prisoners. (For those new to VAR it is the measure of risk in a portfolio and is connected to volatility, so as vol goes up of all assets, they have to reduce risk). $BTC #Bitcoin
— Raoul Pal (@RaoulGMI) March 9, 2020
Indeed, BTC’s volatility, per data from Skew, has spiked over the past few days as the market has trended lower, likely shifting allocations.
While Pal sees weakness due to the hedge fund narrative, he did remark that Bitcoin’s drop is a “buying opportunity,” adding that the current situation in the fiat markets is “accelerating the need for a new financial system over time. We know where this is leading to – the digital revolution.”
There Are Other Crypto Catalysts Although this move may partially be hedge funds deleveraging their portfolios, there are other potential catalysts sending Bitcoin lower, as shared by prominent crypto analyst Jacob Canfield.
The COVID-19 outbreak: after an extremely strong rally over the past few months, markets across the board, from American stocks (Dow Jones, S&P 500, etc.) to crypto-assets, were dealt serious blows over the past few weeks. Although some have said that the collapse in the price of Bitcoin is not correlated with the sell-off in other markets, analysts have observed an absence of volume in mainstream crypto markets since the outbreak started. This suggests there is a strong absence of liquidity, increasing the chances of a crash like the one we just saw occurring. Bitcoin miners are hoarding coins: Charlie Morris, founder of a crypto analytics platform, ByteTree, recently suggested that miners hoarding BTC has historically coincided “with negative returns and reflects a weaker market bid.” PlusToken scam moves coins again: Bitcoin blockchain researcher Ergo found that the wallets of PlusToken — the multi-billion-dollar crypto scam that last year folded and purportedly caused the mini bear market — deposited 13,000 BTC (worth over $100 million) into privacy mixers earlier this week. The scammers previously did this prior to sending the mixed funds to exchanges, which were then presumably sold for fiat or a fiat equivalent. Featured Image from Shutterstock
The Bitcoin halving is now less than 46 days away and is the most anticipated one yet. ‘Anticipated’ due to the recent drop in Bitcoin’s price and the sordid state that the miners are in.
Bitcoin Miners are without a doubt the backbone of the community and help keep the network running. For this, the miners are rewarded with Bitcoins which are sold on the open market. Halving is set to take place once every four years, to control the amount of BTC flowing into the market. Hence, every 4 years, the block reward is halved.
Depending on the price, the miners can profit from selling BTC or register a loss. Hence, Bitcoin’s price always plays a crucial role in determining the health of the mining industry. Ergo, in light of the drop in Bitcoin’s price before the halving, it is interesting to see how the miners react. In fact, some argue that miners stood tall and did not falter during the recent dip.
Coup de grâce A study by Blockware Solutions revealed what the next Bitcoin halving could “trigger,” and it is nothing less than a coup. According to the study, the mining network is classified into layers, depending on the electricity costs [since electricity constitutes 95% of the costs miners bear].
At present, miners with lower electricity costs are largely profitable and hence, the need to upgrade to new mining rigs is low. However, miners with higher electricity costs are relatively less profitable.
“For Layers 1 & 2, the opportunity cost of Bitcoin/Balance Sheet depletion in exchange for a lower cost of production by upgrading their mining rigs is not favorable based on the present percentage of old mining equipment still on the network.”
The development of “Next Generation Mining Rigs” like Bitmain’s S17 Pro 50T can give miners in the lower layers an edge, especially since the newer mining rigs produce more hash power while consuming less electricity.
“Each S17 Pro 50T deployed is the equivalent hash power of four S9 13.5T mining rigs.”
Due to the new mining rigs, the advantage of miners with lower electricity costs is reduced. The study concluded by stating that after the halving, “layers 1 & 2 will remain competitive with old mining rigs as long as other layers are using old mining rigs.” However, if other layers move to Next Generation Mining Rigs, then,
“layers 1-2 will then be forced to upgrade… The Halving will likely be the trigger for this event”
Hence, if layers 1-2 slack off, then they might face a coup since mining is about survival and being more competitive than peers.
The Bitcoin halving event is a significant occurrence in the crypto world. It occurs roughly every four years, reducing the Bitcoin mining block reward by half. The history of Bitcoin halvings shows that the event impacts the supply and demand mechanics and price of Bitcoin. Since Bitcoin was created, there have been three halving events, with the fourth expected to occur in April 2024.
Here’s everything you need to know about Bitcoin’s halving history, including what the halving event is, common misconceptions about it, and what to expect in 2024.
Methodology In selecting the best platforms for users to buy Bitcoin BeInCrypto considered factors such as ease of use, security features, trading tools, deposit methods, commissions, and additional features offered by the platforms. BeInCrypto’s product teams tested a number of leading exchanges over a period of six months before narrowing down the top options. Here’s why we chose each.
1. Coinbase:
Coinbase’s user-friendly interface makes it accessible to both beginners and experienced traders. The platform’s intuitive design simplifies the buying process, allowing users to purchase Ethereum with ease.
Coinbase also provides users with advanced trading tools and charts, empowering them to make informed decisions. These tools enable users to analyze market trends and execute trades effectively.
Security is paramount when it comes to purchasing Ethereum and any other crypto. Coinbase employs state-of-the-art encryption protocols to safeguard users’ funds and personal information, providing peace of mind to investors.
2. OKX:
OKX stands out for its support of leverage trades, catering to both casual investors and seasoned traders looking to maximize their returns. This feature enhances the platform’s appeal to a wide range of users.
The global platform also offers multiple deposit methods, providing flexibility and convenience to users worldwide.
OKX also notably offers competitive commissions, allowing users to trade Ethereum cost-effectively. Lower fees translate to higher potential returns for investors, making OKX an attractive choice.
3. BDYFi:
With advanced security measures and an easy to use interface, BYDFi suits crypto traders looking to explore the world of spot markets, derivatives, and leverage. The platform supports over 250 cryptos and allows traders to make transactions without KYC registration, perfect for those looking for privacy.
Whether users prioritize simplicity, trading flexibility, or additional features, these platforms cater to diverse needs, providing a comprehensive solution for Bitcoin investors.
To learn more about BeInCrypto’s verification methodologies, follow this link.
In this guide:
Where to buy Bitcoin before the halving?What is Bitcoin halving?How does the four-year cycle of Bitcoin work?Common misconceptions about Bitcoin halving The history of Bitcoin halvingsOverview of all Bitcoin halvingsBitcoin halving history: Key eventsWhat to expect in 2024’s Bitcoin halving?How many more Bitcoin halvings will there be?What happens after the last Bitcoin halving event in 2140?How to prepare for a halving event How do Bitcoin halvings affect the price of BTC?What can the Bitcoin halving history tell us?Frequently asked questionsWhere to buy Bitcoin before the halving?The Bitcoin halving countdown is on. Before we dive into the history of Bitcoin halving, here are a few recommended platforms where you can pick up BTC ahead of this seminal event.
Coinbase
Platform
Brokerage
Fees
$0.99-$4.19
Availability
100+ countries
• Easy to navigate
• Powerful tools and charts
• Safe and secure
• Regulated
• State-of-art encryption
OKX
Platform
Exchange
Fees
0.08% (maker) | 0.1% (taker)
Availability
160+ countries
• Supports leverage trades
• Supports safe and secure transactions
• Multiple deposit methods
• Competitive commissions
• Low fees
BYDFi
Platform
Exchange
Fees
0.1-0.3%
Availability
170+ countries
• Cross-asset swaps
• Transparent and low fee structure
• One stop easy-to-use trading platform
• Competitive affiliate program
What is Bitcoin halving?The Bitcoin halving event, also called the Bitcoin block reward halving, is a periodic event in which the block rewards are reduced for Bitcoin miners by half.
The halving event occurs once 210,000 blocks have been mined on the Bitcoin blockchain. Each miner receives a specific amount of Bitcoin once they mine a block on the Bitcoin network. When the Bitcoin halving event occurs, this amount is reduced by half.
The Bitcoin halving is an essential part of the Bitcoin ecosystem, so much so that there is an active countdown each time it is expected to occur. Bitcoin was created with a deflationary mechanism and a fixed supply of 21 million coins. This means there can only ever be 21 million Bitcoins. As of mid-April 2024, over 19 million BTC have been mined. The reward halving was programmed into Bitcoin’s code to occur similarly until all 21 million coins were mined.
It’s expected that there will be 32 Bitcoin halving events. To date, there have been three. The first Bitcoin halving event occurred in November 2012, and the block reward was halved from 50 BTC to 25 BTC. In July 2016, the second halving event took place. The block reward was halved from 25 BTC to 12.5 BTC. The third halving event occurred in May 2020, and the block reward was halved from 12.5 BTC to 6.25 BTC.
The fourth Bitcoin halving event is expected to take place in April 2024. The block reward will be halved from 6.25 BTC to 3.125 BTC. The last halving event is scheduled to take place in 2140, the year when the last BTC will be mined. Once the last halving event occurs, Bitcoin miners will exclusively earn transaction fees. BTC users will pay this as an incentive to continue securing the Bitcoin blockchain and validating transactions.
How does the four-year cycle of Bitcoin work?As a potential BTC investor, it’s essential to understand how Bitcoin’s four-year cycle works so that you can choose which Bitcoin halving investment strategies to employ and how to invest in BTC.
Halving cycles began in 2009 when Satoshi Nakamoto, the creator of Bitcoin, mined the first block of Bitcoin. This was known as the Genesis block. In the early days after its launch, bitcoin had no monetary value, and people needed to be motivated to participate in mining. After the Genesis block, early miners were rewarded 50 BTC for every successful Bitcoin block they mined.
It’s important to note that although Bitcoin didn’t really have any value at this point, the launch of the first-ever Bitcoin exchange in March 2010 (BitcoinMarket.com) led to an interest in this new digital currency. The Bitcoin price surpassed $1 in 2011 and experienced an upward trend after that.
With the fourth halving event set to occur this month, the process will continue until all 21 million Bitcoins have been mined. The table below summarizes the Bitcoin halving events so far.
EventDateBlock numberBlock rewardBTC created per dayLaunch of BTCJanuary 2009050 BTC7,200First halvingNovember 2012210,00025 BTC3,600Second halvingJuly 2016420,00012.5 BTC1,800Third halvingMay 2020630,0006.25 BTC900Fourth halving~April 2024840,0003.125 BTC450The halving event creates scarcity, which is supposed to impact the value of Bitcoin, causing it to experience a price increase gradually over time. Its occurrence creates an increased demand for bitcoin despite its diminishing rate of new creation, which results in an upward price increase.
Although the Bitcoin halving history has always shown an increase in the price of Bitcoin around 12 to 18 months after each event, investing in Bitcoin shouldn’t be done mindlessly. An up-to-date Bitcoin technical analysis can help you make an informed buying and selling decision while considering other market drivers.
Common misconceptions about Bitcoin halving Although the Bitcoin halving process is a much-awaited event in the crypto market, it’s also an event that’s shrouded by various misconceptions. Below are some of the more common ones:
Bitcoin halving results in an instant price increase: The halving history has always impacted the price of Bitcoin. However, these price increases have not always been as immediate as many people tend to think. Instead, the gains tend to be influenced by factors beyond the halving event. In addition, the price increase tends to be gradual, spanning several months. Bitcoin halving leads to miner exits: Another big misconception surrounding halving events is that BTC mining will become unprofitable, leading to a mass exit of miners. However, this is not the case. Adjustments in the mining difficulty can help support a miner’s profitability (due to an increasing price) while also maintaining the protocol’s operational stability. Bitcoin halving is specific to Bitcoin: Although the Bitcoin blockchain was the first to implement the halving mechanism, the process is not unique to Bitcoin only. Other digital currencies like Litecoin, Bitcoin Cash and Dash have incorporated similar techniques to regulate their coins’ inflation. Bitcoin halving is priced beforehand: Many believe the halving event is always already priced in. While the anticipation of the event can affect the price of Bitcoin, the intricacy of external factors and market dynamics indicate that the impact of the halving event cannot be fully recorded in advance. Bitcoin halving results in increased transaction fees: Some crypto enthusiasts assume that the halving event leads to increased transaction fees, given that the block rewards diminish. However, this is different, as the available block space and demand influence network fees. Although network fees might surge, the change isn’t entirely dependent on the Bitcoin halving events. Bitcoin halving guarantees BTC’s lasting value: While it would be great to see the value of a digital asset like Bitcoin constantly appreciate, halving does not guarantee this. Several factors influence Bitcoin’s value, such as market sentiments, regulatory changes, and technological advancements. The history of Bitcoin halvingsTo date, three Bitcoin halving events have occurred since the digital asset was launched in 2009. Halving events have gradually impacted the price of Bitcoin, a trend that many BTC holders and investors hope will continue.
Every Bitcoin halving event has led to increased media attention, significant price volatility, and speculative anticipation leading up to and after the event. That said, let’s have a look at the overview of all Bitcoin halvings below.
Overview of all Bitcoin halvingsBelow is a table of all Bitcoin halving events and the year they are expected to occur. Please note that some figures have been rounded off.
Est. YearBlock numberBlock rewardNew BTC minedTotal BTC mined2009050002012210,0002510500000105000002016420,00012.55250000157500002020630,0006.52625000183750002024840,0003.12513125001968750020281,050,0001.56256562502034375020321,260,0000.781253281252067187520361,470,0000.390625164062.520835937.520401,680,0000.195312582031.2520917968.7520441,890,0000.0976562541015.62520958984.3820482,100,0000.04882812520507.812520979492.1920522,310,0000.024414062510253.9062520989746.0920562,520,0000.012207031255126.95312520994873.0520602,730,0000.0061035156252563.47656320997436.5220642,940,0000.0030517578131281.73828120998718.2620683,150,0000.001525878906640.869140620999359.1320723,360,0000.0007629394531320.434570320999679.5720763,570,0000.0003814697265160.217285220999839.7820803,780,0000.000190734863280.1086425820999919.8920843,990,0000.000095367431640.0543212920999959.9520884,200,0000.000047683715820.0271606420999979.9720924,410,0000.000023841857910.0135803220999989.9920964,620,0000.000011920928955.00679016120999994.9921004,830,0000.0000059604644752.50339508120999997.521045,040,0000.0000029802322381.2516975420999998.7521085,250,0000.0000014901161187.50.625848770120999999.3721125,460,0000.0000007450580593.750.312924385120999999.6921165,670,0000.0000003725290296.8750.156462192520999999.8421205,880,0000.0000001862645148.43750.0782310962720999999.9221246,090,0000.0000000931322574.218750.0391155481320999999.9621286,300,0000.0000000465661287.1093750.0195577740720999999.9821326,510,0000.0000000232830643.55468750.00977888703320999999.9921366,720,0000.0000000116415321.77734380.0048894435172100000021406,930,0000.000000058207660.888671880.00488944351721000000Bitcoin halving history: Key eventsNow that you have an overview of all Bitcoin halving events, past and future, let’s discuss the three that have already occurred.
The first Bitcoin halving: November 2012The first ever Bitcoin halving event occurred in November 2012, marking an important part of the digital asset’s history. Let’s take a look at the before and aftermath of the first halving event:
Key data:Date: November 28, 2012
Total supply: Before the first halving event, Bitcoin had a total supply of over 10.5 million coins.
Block rewards: Miners were rewarded 50 BTC for every new Bitcoin block they successfully mined before the halving event.
Price of Bitcoin: Before the event, the price of Bitcoin was at roughly $12.35.
Block number: The halving event occurred after 210,000 blocks of Bitcoin had been mined.
Bitcoin price movements According to data on CoinMarketCap, before the first halving event, the price of BTC was around ~$12. Following the halving, the price of Bitcoin began to increase gradually. By the end of March 2013, it had surged to nearly $90. This first Bitcoin halving event paved the way for an ensuing bull run.
Bitcoin price: CoinMarketCapKey takeaways The event reduced the Bitcoin block reward from 50 BTC to 25 BTC. This led to an adjustment to the difficulty of Bitcoin mining, making Bitcoin scarcer as the rate of new BTC entering circulation was reduced. The first halving event created much anticipation for subsequent ones, as it impacted the price of BTC, gradually increasing it. So, while the increase wasn’t instant, 2013 achieved the highest price of over $1,000 since its launch in 2009. This event also set the pace for future halving events. Since the first halving event, Bitcoin has undergone a significant evolution. This has seen it grow to become the biggest digital currency by market cap and innovate to compete fairly with other cryptocurrencies. The second Bitcoin halving: July 2016Four years later, in July 2016, the Bitcoin network underwent its second halving event. Let’s examine what transpired before and after the event.
Key data:Date: July 9, 2016.
Total supply: Before the second halving event, there were around ~15.7 million coins in circulation.
Block rewards: The block rewards for miners reduced from 25 BTC to 12.5 BTC.
Price of Bitcoin: The Bitcoin price was slightly over $650
Block number: The halving event occurred after 420,000 blocks of Bitcoin had been mined.
Bitcoin price movements The second halving event in Bitcoin’s halving history set the momentum for significant price fluctuations. In early 2017, the price of Bitcoin grew to roughly $1,000. At the end of 2017, Bitcoin’s price had surged to over $17,000 by December 2017. The notable price surge was a result of various factors, including market sentiment and media coverage, among others.
Bitcoin price: CoinMarketCapKey takeaways The second halving event reduced the block rewards from 25 BTC to 12.5 BTC, further emphasizing Bitcoin’s scarce nature. Bitcoin’s price surge also highlighted the impact of the halving events on Bitcoin’s price, making BTC an attractive store of value for BTC holders. In addition to the price increase, the second halving received significant media coverage and sparked conversation on social networks. This contributed to its adoption and continued growth and also shaped the Bitcoin narrative. The third Bitcoin halving: May 2020Four years ago, in May 2020, the third halving event occurred. Let’s dive into the before and after effects of the third event.
Key data Date: May 11, 2020.
Total supply: Bitcoin’s total supply was at roughly 18.35 million coins before the halving event took place.
Block rewards: The block rewards were reduced from 12.5 BTC to 6.25 BTC.
Price of Bitcoin: The price of BTC was slightly over $9,000.
Block number: The halving event occurred after 630,000 blocks of Bitcoin had been mined.
Bitcoin price movements The third halving event significantly impacted the price of Bitcoin. The price of BTC gradually rose from around $9,000 before the halving event to around $27,000 by December 2020. 2021 was a good year for Bitcoin holders as it ushered in a bull run that saw the price of BTC skyrocket to trade at over $64,000 before it started declining as the crypto winter took hold.
Bitcoin price: CoinMarketCapKey takeaways The third halving saw the mining reward reduce from 12.5 BTC to 6.25 BTC. In addition, it also helped to push the widespread adoption of Bitcoin among investors, given the diminishing number of coins entering the market. The price increases experienced after this halving event established the role of halving events to the price of BTC. Increased interest from investors also made Bitcoin trend with the help of various memes. Bitcoin continued to be recognized as an important store of value as it garnered increased attention from the general public, institutional investors, and the media. The May 2020 halving event also reinforced Bitcoin’s importance within the wider financial sector. Bitcoin continued to innovate, introducing a wide variety of financial products such as Bitcoin options and futures. What to expect in 2024’s Bitcoin halving?The fourth Bitcoin event is expected to occur in April 2024. There has been much anticipation leading up to it, with the price of Bitcoin rallying to reach an all-time high of $73,750 on March 14, 2024.
Miners production cost for 1 #Bitcoin right now is approx 50k$
In less than one week after halving, it will be approx 100k$
It means buying bitcoin at 60k$~ today is similar to buying it around 30k$ a few months ago
Maybe we chop few days after halving but it won't take much…
— CryptoVikings.HL (@CryptoVikings07) April 15, 2024 Besides the known drivers that impact the price of Bitcoin, a key development that impacted the price of Bitcoin in the last few months has been the approval of the Bitcoin ETFs by the U.S. Securities Exchange Commission.
“The halving is the ultimate geek event for bitcoiners, but the 2024 iteration takes it up a notch because reduced supply combined with fresh ETF demand creates an explosive cocktail. What makes this halving unique is bitcoin has already surpassed the last cycle’s high — something it’s never done ahead of the quadrennial event — which makes trying to forecast the length and ferocity of this cycle much trickier.”
Antoni Trenchev, co-founder of Nexo: CNBC But even as the crypto community gears up for the fourth halving event, what exactly should you expect from the 2024 Bitcoin halving event?
Potential price volatility: Given Bitcoin’s speculative nature as a digital asset, the period around the halving tends to experience increased price volatility. Ergo, investors need to prepare for potential price swings as the market adjusts to the aftermath of the halved block reward. Reduced block rewards: As with any other halving event, the fourth halving event will see the block reward reduce by half, from the current 6.25 BTC to 3.125 BTC. Speculation and anticipation: The build-up to any Bitcoin halving event is always rife with anticipation and speculation on how the occurrence will impact the price of Bitcoin. If history is anything to go by, Bitcoin’s price has tended to increase in the lead-up to the event. Still, it’s important to note that various factors beyond the halving event influence the crypto market. Investors can use the cup and handle pattern to verify the potential of a price increase. Scarcity and supply: Halving events have always reinforced Bitcoin’s scarcity, attracting many new investors to BTC as “digital gold.” The reduced rate at which new coins enter the market causes an increased demand in BTC. This results in upward pressure on Bitcoin’s price and other digital assets. Nonetheless, this impact is not always instantaneous and tends to unfold over a couple of months and even years after the halving. Heightened institutional interest: The period preceding the event has already experienced growing interest from institutional investors keen on finding suitable Bitcoin and crypto mining stocks to invest in. With the halving, it’s anticipated that the interest will expand and witness increased participation from more established corporations, financial institutions, and investment firms that have adopted BTC as an investment instrument. Regulatory developments: With the hype surrounding halving events, it’s expected that there will be more calls for regulatory developments as BTC continues to experience widespread adoption. How many more Bitcoin halvings will there be?The last Bitcoin halving event is expected to occur in 2140. This is when the last BTC will be mined, and no new BTC will enter the market. In total, there will be 32 halving events. So far, only three halving events have taken place. This means that there are 29 more halving events left.
What happens after the last Bitcoin halving event in 2140?After the last Bitcoin halving in 2140, there won’t be any more Bitcoin that will be mined. It’s anticipated that this will be the year when the 21,000,000th BTC will be mined.
The Bitcoin protocol will transition to fully relying on transaction fees as the rewards that miners will receive. Given that 2140 is still far off, it’s unclear what the long-term impact will be on Bitcoin’s price, security, and overall role in the global financial system. Much of this remains speculative and will depend on various factors, such as broader economic conditions and technological advancements.
How to prepare for a halving event There are various ways that investors can prepare for a halving event. Let’s take a look at some of the ways you can prepare for a Bitcoin halving:
Think long-term: Halving events has always resulted in some price volatility for BTC and other coins in the short term while showing significant growth in the long term. As such, investors need to adopt a long-term investment approach. Research: As always, investors need to do their own research before choosing to invest in a digital asset like Bitcoin. In addition, ensure you do your own analysis on broader economic conditions, investor sentiment, and market trends. This will help you have a clear grasp of past and upcoming halving events and historical price movements. Manage your risk: Different investors have different risk tolerance and appetite. Before investing in crypto, ensure that you establish clear investment goals. Consider incorporating a risk-averse investment strategy such as the dollar-cost averaging or create a defense trading strategy based on various technical indicators such as the RSI indicator combined with Bollinger Bands, MACD, and others. Diversify your portfolio: Investors can diversify their investment portfolio to include various digital assets. This will help to mitigate risks, given that Bitcoin’s price can be quite volatile. Although halving events historically have led to gradual price increases, there are no guarantees, and diversification can aid in protecting your investments. How do Bitcoin halvings affect the price of BTC?Bitcoin halvings have historically been associated with bitcoin price increases. The reduced rate with which new BTC creation is achieved helps to create scarcity as the supply of new coins diminishes. This, in turn, tends to drive up the demand for bitcoin and, by extension, its price.
However, a halving event does not always guarantee that it will immediately impact the price of bitcoin. Diversifying your portfolio and deploying various investment strategies can help protect your investments from volatile price swings in the market.
What can the Bitcoin halving history tell us?This guide to the Bitcoin halving history demonstrates that these events play an important role in the entire crypto market. Although they are subject to much-awaited anticipation and speculation, many savvy investors choose to focus on the coin’s long-term performance.
While the halving events tend to bring with them certain benefits, it’s important to note that as the block reward diminishes, there’s a chance that the changes could impact the protocol security and processing times. With the decreasing supply of new Bitcoin, demand tends to increase, which underscores the scarcity principle of bitcoin as “digital gold” and a store of value. The events have been known to be very pivotal and essential in the ongoing development of Bitcoin and its growth as a digital asset.
Frequently asked questions Is halving good for Bitcoin? Yes, halving is good for Bitcoin. Bitcoin halving events have several benefits to the Bitcoin network. Reducing the rate at which new BTC is mined increase the level of scarcity, which impacts the price of Bitcoin. Moreover, halving events also typically attract new crypto investors, leading to increased trading activities.
Is Bitcoin halving every 4 years? Yes, Bitcoin halving was programmed to automatically self-execute roughly every four years once a set of 210,000 blocks had been mined. This will continue until all the 21,000,000 Bitcoin have been mined.
How many Bitcoin halvings are left? Currently, 29 Bitcoin halving events have been left. So far, three halving events have occurred since BTC’s inception in 2009. The first halving occurred in 2012, and the second and third in 2016 and 2020, respectively.
Will BTC go up after halving? Historically, the price of BTC has tended to go up gradually after a halving event. However, there are no guarantees that this will always be the case as the price of BTC is always influenced by factors like investor sentiment, market demand and supply, and technological advances, among others.
How high will Bitcoin go in 2024? As a digital asset, Bitcoin’s price is susceptible to various market conditions that make it volatile. Although the price of bitcoin reached an all-time high in March 2024, it’s nearly impossible to say how high it will be as various factors influence its price.
How much will 1 Bitcoin be worth in 2030? Several industry experts and crypto analysts speculate that Bitcoin’s price in 2030 will potentially be over $250,000, but there is no guarantee. Investors, therefore, need to tread very lightly and avoid investing using speculative prices only.
How high will Bitcoin go in 5 years? Current predictions suggest that Bitcoin could go as high as $100,000 or higher. However, there are no guarantees that this will happen as the price of Bitcoin is affected by several factors. In addition, there’s no way to know how the market will perform in five years.
Who owns the most Bitcoin? Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoin at around 1.1 million coins spread across various Bitcoin wallet addresses. This is because he not only created BTC but also kickstarted Bitcoin mining.
Charles Hoskinson debunks FUD, confirms active development of Cardano Hydra
Charles Hoskinson, founder of Cardano, has initiated discussions on X about potentially transforming Bitcoin Cash into a “Cardano Partnerchain” with advanced blockchain technologies. Hoskinson’s proposal aims to integrate Bitcoin Cash with Cardano’s technological features to enhance its functionality as a proof of work chain. Alongside exploring partnerships, the Cardano Foundation continues to support blockchain development through initiatives like PRAGMA, promoting collaboration within the blockchain community. Cardano’s founder, Charles Hoskinson, recently posted on the social network X to see if anyone would be interested in collaborating with Bitcoin Cash (BCH).
Hoskinson asked his followers a question on combining Bitcoin Cash with Cardano’s blockchain technologies, such as Useful Proof of Work Leios, Non-Interactive Proofs of Proof-of-Work (NiPoPoWs), and Ergo tech. The proposal he offers is to turn Bitcoin Cash into Cardano Partnerchain, aiming to make it more functional and efficient.
The discussion, provoked by Hoskinson’s posts, represents the interest in the potential combined power of Cardano’s scientific method of blockchain technology and Bitcoin Cash’s current position in the crypto world. This alliance might turn out to be one of the most sophisticated proof-of-work chains in the market.
Hypothetical Poll:
Would you like to see Bitcoin Cash become a Cardano Partnerchain upgraded with Useful Proof of Work Leios, NiPoPoWs, and Ergo tech, thus being the fastest and most useful proof of work chain ever built?
— Charles Hoskinson (@IOHK_Charles) May 4, 2024 The position and community reaction to Bitcoin Cash A fork from the original Bitcoin protocol, Bitcoin Cash, was launched in 2017 to solve some of Bitcoin’s scalability problems by increasing the block size. Over the years, it has formed a unique community and found its place in the digital assets landscape. Not long ago, despite the legal issues suffered by the well-known promoter Roger Ver, the community of Bitcoin Cash has been developing actively, with ongoing projects and enhancements aimed at the network’s usability and adoption.
In another social media post, Hoskinson revealed his curiosity about Bitcoin Cash’s current developments and future roadmap. He asked the community to provide details of these projects and priorities within the BCH ecosystem. This reflects the trend toward greater alliance, as Cardano aims to use its technological advancements in combination with Bitcoin Cash’s well-developed infrastructure.
The persistent attention of Cardano in blockchain development Aside from possible collaborations, Cardano continues to be dedicated to nurturing its ecosystem and promoting blockchain technology usage. The Cardano Foundation recently launched a new not-for-profit association, PRAGMA, to support open-source blockchain endeavors. These activities are one component of Cardano’s wider approach to reaching out to and supporting the developer community in the blockchain sphere, ensuring a platform for cooperation for future technological solutions.
While the discussion between Cardano and Bitcoin Cash is ongoing, both communities are carefully monitoring the potential results of this partnership. Hoskinson’s proactive stance in seeking community input exhibits the role played by transparency and involvement in determining the future of these blockchain platforms.
If you're reading this, you’re already ahead. Stay there with our newsletter.
Share this article
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.
Damilola Lawrence
Damilola Lawrence has covered news on crypto markets and tech for over 5 years. He has previously shared crypto insights and analysis for TheShibMagazine, CryptoMode, Qweens Magazine, and The Recording Academy before pivoting into Web3. At Cryptopolitan, he is a crypto price prediction specialist. After finishing a bachelor’s degree, he has segued into a master’s degree in IT Cybersecurity at Maria Curie-Skłodowska University.
Cardano founder Charles Hoskinson has hinted at teaming up with Bitcoin Cash (BCH).
On May 4, Hoskinson posted a poll on X asking people what they thought about Cardano (ADA) partnering with Bitcoin Cash to boost its performance using technology like proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo technology.
In Hoskinson’s opinion, such upgrades could make BCH “the fastest and most useful” proof of work chain out there.
Hypothetical Poll:
Would you like to see Bitcoin Cash become a Cardano Partnerchain upgraded with Useful Proof of Work Leios, NiPoPoWs, and Ergo tech, thus being the fastest and most useful proof of work chain ever built?
— Charles Hoskinson (@IOHK_Charles) May 4, 2024 At press time, the poll — which still has six days to run — had been voted on more than 11,800 times. Some 66% of the voters want to see the Bitcoin Cash and Cardano partnership become a reality.
A day before putting up the poll, Hoskinson took to X, asking members of the Bitcoin Cash community to clue him in on what was going on on the development side of BCH and what some of the network’s near-term priorities were.
I'm curious about Bitcoin Cash's roadmap. Can anyone from the Bitcoin Cash community point me to what's happening on the Dev side and some of the near-term priorities?
— Charles Hoskinson (@IOHK_Charles) May 3, 2024 Hoskinson’s public interest in BCH comes on the heels of an altercation with MicroStrategy chairman and Bitcoin (BTC) maximalist Michael Saylor.
The difference in opinion cropped up after Saylor stated that altcoins like Cardano, Solana (SOL), Ripple (XRP), and BNB will be classified as unregistered securities by the Securities and Exchange Commission (SEC) in the summer.
Saylor also reportedly claimed that such altcoins will never be accepted by Wall Street in the manner Bitcoin has, following the SEC’s approval of spot Bitcoin ETFs in January.
Hoskinson fired back at Saylor on X, making it clear that Cardano can handle whatever comes its way. With a hint of sarcasm, the Cardano founder suggested Bitcoin maximalists had a tendency to look down on other cryptocurrencies, considering all of them “illegal and a scam.”
Bitcoiners: "Why is Charles attacking Bitcoin? Altcoiners are so Toxic."
Bitcoin Maxi's: "Literally everything but Bitcoin is illegal and a scam" https://t.co/Fd0fYyLWjn
— Charles Hoskinson (@IOHK_Charles) May 3, 2024 Bitcoin Cash came into existence in 2017 following a prolonged and sometimes heated dispute within the Bitcoin community about how to scale the blockchain.
Bitcoin community members consider the cryptocurrency “digital gold” and emphasize its security and decentralization. They are less worried about the potential high fees and the limitations of using Bitcoin for payments.
On the other hand, supporters of Bitcoin Cash perceive their project primarily as digital cash. They believe BCH can compete effectively in payments without compromising its core properties or principles.
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
As the United States approaches its presidential election on Tuesday, November 5, 2024, the Bitcoin market is bracing for significant volatility. In the lead-up to the election, Bitcoin surged to a high of $73,620 on Tuesday, likely reflecting investor optimism over a potential victory for former President Donald Trump. However, by Friday, the BTC price experienced a correction, dipping to $68,830 amid a more cautious, risk-off sentiment as the election looms.
How To Trade Bitcoin During US Election Alex Krüger, an Argentine economist and renowned crypto analyst, shared his strategic framework on how to trade Bitcoin during the US election period via his X account. Krüger outlined scenarios based on possible election outcomes, highlighting that a Trump victory could propel Bitcoin to $90,000 by year-end with a 55% probability, while a win for Vice President Kamala Harris might see Bitcoin settle around $65,000 with a 45% probability. He emphasized that timing will matter: “Expect the move to be fast if Trump wins. Markets rarely waits for laggards on binary events not largely front-run.”
Krüger also noted that the current Bitcoin price, which he anticipated to be in the $65k-68k range leading up to election night, had “overshot” in alignment with the probabilities favoring a Trump victory. He pointed out the uncertainty surrounding the election results, primarily hinging on the Pennsylvania vote count, which could delay the announcement of a clear winner.
“It largely depends on the Pennsylvania count, if it is lopsided or not. It could be as early as Tuesday evening EST, or days later if the count is very tight. The sooner we get clarity, the easier it gets,” Krüger stated.
Regarding market sentiment, Krüger expressed a bullish outlook on equities regardless of the election outcome, unless there is an unexpected “Blue sweep” where Democrats secure both the presidency and congressional majorities. He explained that “equities drag Bitcoin around.”
In his personal investment strategy, Krüger revealed that he is positioned with long spots in Bitcoin and Nvidia, and plans to go long on Solana (SOL) if Trump wins. With this, Krüger is likely betting on a spot Solana Exchange Traded Fund (ETF) approval in the United States.
Krüger’s analysis suggests that the market has partially priced in a Trump victory, anticipating that a Trump administration could bolster the Bitcoin price. “Markets have partially priced a Trump victory in. We (the market, in aggregate) expect Trump to drive crypto prices higher due to increased regulatory clarity and implementation of pro-crypto policies,” the analyst wrote.
Additionally, he expects that Trump’s focus on increased government spending would stimulate short-term economic growth, positively impacting equities—a sector closely linked to Bitcoin’s performance.
Conversely, a Harris victory would likely represent a continuation of existing policies, barring a significant Democratic sweep. Krüger concluded: “Based on betting markets and various election forecasting models, Trump’s probabilities are in the 50% to 63% range. Ergo, it’s “safe” to assume a GOP victory is far from being fully priced in. Such a contested setup is common going into elections. That is why I do not expect ‘sell the news’.”
At press time, BTC traded at $70,402.
Bitcoin price, 1-day chart | Source: BTCUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
CryptoQuant CEO asserts that China might have already disposed of its PlusToken Bitcoin stash.
There have been several scams in crypto’s decade and a half history, but not many as big as PlusToken, a Ponzi scheme that ran between 2018 and 2019 in China and led to the seizure of over $4 billion in crypto, leaving the government with a 194,000 BTC nest egg, or so some have thought.
China Already Sold? According to Ki Young Ju, CEO of leading crypto analytics platform CryptoQuant, the Chinese government might have disposed of the PlusToken Bitcoin stash almost as soon as it got its hands on it.
In a Thursday, January 23 X post, Young Ju asserted that all 194,000 BTC were sent through mixers and offloaded on exchanges like Huobi in 2019, citing a CryptoQuant chart analyzing the flow of the assets.
CryptoQuant chart showing flow of PlusToken Bitcoin to mixers and exchanges. Source: Ki Young Ju “There’s no point in using mixers and multiple exchanges if they didn’t sell it,” Young Ju stressed.
He further supports his view, citing a 2022 Valkyrie report based on data from CryptoQuant and prominent on-chain sleuth “Ergo BTC.”
The report asserted that PlusToken’s Bitcoin stash peaked at an estimated 171,000 BTC around August 2019 but quickly diminished to less than 50,000 BTC by December 2019 amid government selling after the seizure. The authors argue that this dump contributed to a Bitcoin price drop experienced during this period.
Excerpt of Valkyries 2022 Bitcoin report. Source: Valkyrie Specifically, Bitcoin fell from highs above $12,000 in August 2019 to lows near the $6,000 price point in December 2019.
At the time, Valkyrie described it as the first major indirect liquidity attack on Bitcoin by a government.
At its peak price, the 194,000 BTC sold by China would have been worth about $2 billion. At the time of writing, however, it is now worth about ten times that figure, about $20.2 billion.
A Positive for Bitcoin Holders? Some members of the crypto community may see the suggestion that China has already disposed of bitcoins seized from the PlusToken Ponzi as a positive development, eliminating any fear of a looming sell-off driven by the Chinese government in the future.
The government, of course, has yet to issue any official statement to this effect.
The government has adopted a crypto ban in 2021. At the time, some had feared that the move could mean doom for Bitcoin as most miners were domiciled in the Asian economic giant. However, The Bitcoin network proved resilient, with its hash rate quickly bouncing back amid an exodus of miners.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cardano founder Charles Hoskinson has openly supported Ergo (ERG) following news of its potential delisting from HTX.
Earlier this week, Ergo’s official X account reported that its native token was unjustly being delisted from HTX for failing to meet liquidity requirements.
It emphasized that the listing agreement previously signed with HTX did not include minimum volume requirements. However, Ergo claimed HTX added ERG to its ST list without informing the Ergo team of any policy changes or providing adequate response time.
The Ergo team stated that it discovered HTX’s delisting plan a month after the official notification was expected. Upon learning of the move, Ergo said it quickly made the necessary adjustments to comply with the exchange’s liquidity requirements. Despite this, it claims the exchange still intends to proceed with the delisting.
Cardano Founder Reacts Interestingly, Cardano’s founder, Charles Hoskinson, joined several crypto stakeholders to respond to Ergo’s public outcry, advocating for increased liquidity on decentralized exchanges.
In his X post, Hoskinson stated that he is familiar with how centralized exchanges treat smaller crypto projects. He emphasized that decentralization is the only way small projects can end the mistreatment from centralized trading platforms.
Meanwhile, Hoskinson praised Ergo, describing it as a spiritual successor to Bitcoin, the world’s largest cryptocurrency by market cap. He stressed that the project deserves more respect and love than it currently receives.
Furthermore, Hoskinson suggested that Ergo could thrive as a partner chain within the Cardano ecosystem. He noted that it is challenging for the Cardano team to provide support while Ergo remains a standalone Layer-1 (L1) project.
Is Something Big Coming for ERG? While Ergo has yet to comment on the proposal, Edge Capitalism highlighted the significance of Hoskinson’s recent endorsement of ERG. Edge Capitalism finds it surprising that Hoskinson is commenting on a project like Ergo rather than established competitors such as Solana or Ethereum.
They view Hoskinson’s remarks as a strong endorsement of Ergo’s decentralized model and technology, suggesting that such high-profile validation could pave the way for significant development for ERG in the near future.
This has just happened a few hours ago👇
Yes, $ADA Charles Hoskinson from #Cardano is clearly explaining the descentralized nature and technology of #ERGO 🔥🔥🔥
Yes. Of #ERGO not #SOL or #ETH
You better be prepared. Something big can happen any time with $ERG 👀 pic.twitter.com/xSOVDPRyvJ
— EDGE Capitalism (@EDGECapitalism) September 18, 2025
ERG Still on HTX In the meantime, HTX Global has yet to delist ERG. Of the $351,000 total 24-hour trading volume for ERG, $42,561 was transacted on HTX Global.
The token, which plunged to a 30-day low of $0.7712 yesterday, is currently changing hands at $0.8258. It has surged 4.58% over the past 24 hours, but is down 3.67% in the past week. With a valuation of $67.71 million, ERG ranks as the 492nd biggest cryptocurrency by market cap.
Although Ergo is a separate L1 blockchain, it is compatible with the Cardano network. Like Cardano, Ergo uses the same transaction model, allowing decentralized applications to run on both blockchains. Last year, 624,000 ERG coins, or 0.76% of its 81.96 million circulating supply, moved to the Cardano network.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Silver (XAG) is outperforming Bitcoin in terms of retail interest, breaking multi-decade records and prompting investors to explore a new frontier: tokenized silver.
With precious-metal liquidity rising, analysts say digital silver may be the next major on-chain asset class.
Silver’s 46-Year High Changes Market PsychologySilver closed the month at $58, its highest monthly close in 46 years, with retail interest in silver surpassing Bitcoin in global Google Trends.
“Silver just hit $58 and gave its highest monthly close after 46 years. We can see a massive amount of liquidity in US stocks, gold, and now silver. Sooner or later, this will likely flow into riskier assets, such as Bitcoin and cryptocurrencies. The bull market is not over, it’s delayed,” commented analyst Ash Crypto.
Gold, silver, and Bitcoin interest over time. Source: Google TrendsThe surge reflects a broad shift in capital toward hard assets as global inflation, industrial demand, and supply constraints intensify. At the same time, the Silver-to-Bitcoin Ratio has broken a decade-long downtrend.
This signals a notable shift in how retail and institutional investors evaluate store-of-value assets, setting the stage for the rise of tokenized silver.
The Tokenized Silver Market: Early, Small, and GrowingDespite XAG price’s momentum, the tokenized silver sector remains underdeveloped. Only a handful of projects, Kinesis Silver (KAG) and Gram Silver (GRAMS) appear on CoinGecko.
Tokenized Silver. Source: CoinGeckoYet fundamentals are strengthening. According to Commodity Block research, tokenized silver is “quickly redefining how investors access and interact with the precious metals market, offering:
Fractional ownership of silver 24/7 global trading Immutable provenance and traceability Use as collateral in DeFi The report highlights that the tokenized silver market has reached an estimated capitalization of $200 million, while gold-backed tokens dominate at $2.57 billion.
Silver’s accelerating demand suggests a widening appetite for digital commodities, especially as the iShares Silver Trust (SLV) trades at $52.52, reflecting rising global interest. It is up by almost 3% in pre-market trading.
iShares Silver Trust Pre-Market Trading. Source: Google Finance “Tokenized commodities are shattering traditional ownership models by making physical assets accessible to anyone with an internet connection,” read an excerpt in the report.
Why Investors Care NowThe appeal of tokenized silver aligns with a broader trend: the migration of real-world assets (RWAs) onto blockchain.
Silver’s dual role as both an industrial metal (used in electronics, solar, and medical devices) and an investment hedge makes it uniquely positioned for digital adoption.
Key drivers include:
Growing demand for fractional investing DeFi protocols increasingly accepting silver-backed collateral Rising scrutiny over ethical sourcing, which blockchain transparency supports Global interest in alternative stores of value during economic uncertainty Regulatory clarity remains essential. Jurisdictions such as the UAE, Singapore, and parts of the EU are developing frameworks for digital commodities, while global inconsistencies continue to limit cross-border scalability.
On the other side of the fence, the tokenized gold market now exceeds $3 billion, led by Pax Gold (PAXG), Tether Gold (XAUT), and new institutional products like MKS PAMP’s DGLD.
Silver may follow a similar path if infrastructure, custody standards, and exchange listings continue improving.
With silver prices surging, ratios breaking out, and retail interest climbing, tokenized silver may be poised to become crypto’s next major RWA category.
As liquidity rotates across metals and into digital assets, the question for 2025 is no longer if tokenized silver will grow, but how fast.
Some of the most popular companies in the cryptoeconomy have banded together to create an organization that will assess and rate top cryptocurrency projects on the likelihood of these projects being securities per U.S. federal securities laws.
That organization, the Crypto Rating Council (CRC), counts exchange operators like Bittrex, Coinbase, Kraken, and Poloniex-backers Circle among its first members, as well as the firms of Anchorage, DRW Cumberland, Genesis, and Grayscale Investments.
So why the need for such a body?
The so-called Howey Test, which is a test devised by the U.S. Supreme Court to determine if a given asset is a security, commonly leads to “judgment calls, inconsistent results, and … disagreement among legal experts,” the CRC said on the Frequently Asked Questions section of its new website.
Accordingly, the organization’s rating system — which runs from 1 to 5, with 5 indicating an asset bears the hallmarks of a security and 1 meaning the opposite — is being hailed by members as a “compliance tool” that will help bring consistency to their respective asset review processes.
Founded by prominent companies across the crypto industry, our mission is to lead crypto financial services firms committed to practical compliance with the U.S. securities laws. We are the Crypto Rating Council, and we launched today: https://t.co/FbdwfSZN9D
— Crypto Rating Council (@CRC_Crypto) September 30, 2019
“The CRC will publish a simple rating for most assets it reviews to indicate the results of its analysis as a reference for operators, developers, and the public,” the organization said.
With that said, the ratings are utterly non-binding and have been made without involvement from the U.S. Securities and Exchange Commission (SEC). So, while clarity is the professed goal, the only thing the CRC has ultimately made more clear is what its members think about the legal status of top cryptocurrencies in America.
“The score does not reflect a legal conclusion and is no indication of qualitative value of an asset or suitability for investment or any other purpose,” the CRC said of its ratings.
How the First Scores Look Don’t expect any surprises when it comes to bitcoin (BTC). The oldest cryptocurrency, which has long been held up by various stakeholders as a standard for decentralized projects, received a 1 rating from the CRC.
Other projects the body deemed to have “few or no characteristics consistent with treatment as a security” included DeFi’s darling Dai stablecoin, the popular Monero (XMR) privacy cryptocurrency, and Litecoin (LTC).
The 2 rating was given to the next rung of projects that the CRC deemed to seem mostly decentralized according to its framework. These projects included Ethereum (ETH), Zcash (ZEC), Numeraire (NMR), ChainLink (LINK), and the fledgling proof-of-stake project Algorand (ALGO).
Getting on up there according to the group were projects like Augur (3.75), EOS (3.75), Stellar (3.75), Tezos (3.75), and XRP (4). The highest inaugural scores were given to Polymath (4.5) and Maker (4.5).
Notably, the SEC announced just hours after these ratings were released that Block.one, the team behind the EOS launch, had settled charges and would pay a $24 million civil penalty for its year-long ICO being an unregistered security offering.
The Commission said the securities status only applied to the “IOU” ERC20 token that was issued during the sale rather than the current EOS cryptocurrency, which lives on EOS now rather than Ethereum.
Are Exchanges Listing Securities? One question that immediately started buzzing through the ecosystem on the heels of the announcement of the CRC was why would exchanges like Coinbase take chances on assets like XRP that appear to bear considerable resemblances to a security in the U.S.?
One possibility is that the group’s members consider “security status is binary,” according to Jake Chervinsky, the General Counsel of DeFi lending project Compound Finance. In other words, anything less than a 5 rating would be fair game accordingly.
My best guess: they'd say security status is binary and as a matter of law it doesn't make a difference how close a token comes to being a security if it's ultimately not one.
On that logic, though, query the value of publishing the five-point score in the first place.
— Jake Chervinsky (@jchervinsky) September 30, 2019
But even if the already rated cryptocurrencies later end up being cleared as “not securities” per the SEC, the CRC rating system can lead to future conflicts of interest, e.g. member exchanges being charitable in their ratings because they stand to gain from trade volume.
In my opinion, this rating system creates a massive conflict of interest. All of the companies that joined this consortium are massively incentivized to rate the vast majority of tokens as non-securities. Coinbase listed some very questionable tokens including XRP, Tezos, EOS
— Larry Cermak (@lawmaster) September 30, 2019
But there’s a silver lining here, according to Blockchain chief executive officer and president Marco Santori. In a Twitter thread on the CRC announcement, Santori said the effort was suspect in some ways but was also a positive attempt at self-regulation in an industry that needs more regulatory clarity in general.
8/ So why on earth would they publish this? Why on earth should we applaud their effort?
Well, actually we should.
As an industry, this stuff is basically the best we've got.
THAT'S RIGHT ITS A TWIST
wait hear me out.
— Marco Santori (@msantoriESQ) September 30, 2019
William M. Peaster
William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster
The first quarter left bitcoin under stress as it gave up all its early yearly gains to the fast-spreading Coronavirus pandemic. As of March 31, 23:59 UTC, the cryptocurrency was down by 10.53 percent to $6,424.35 on Coinbase crypto exchange.
While bitcoin did not behave like a safe-haven in times of extreme market stress, two underdog tokens emerged as winners. They not only surpassed the top cryptocurrency but outsmarted the global market, including stocks, currencies, and commodities, by returning a combined 450 percent gains to their investors.
Crypto Tokens Beat Coronavirus Fears Streamr, a data-sharing startup, saw the price of its blockchain’s native token DATA exploding by 211 percent in the first quarter. The DATA-to-dollar exchange rate opened the three-month period at approx $0.0137 but closed it at a high of $0.043. At its quarterly top, the pair was trading at $0.049.
DATA/USD rate surged by over 200 percent despite Coronavirus crisis | Source: TradingView.com, Binance DATA also performed exceptionally well against Bitcoin. Its rate against the benchmark cryptocurrency surged by circa 250 percent – from 191 sats to 680 sats – in the first quarter.
The same timeframe saw NMR delivering humongous gains in both the dollar- and bitcoin-enabled markets. The blockchain-based hedge fund crypto closed Q1 at $16.19, up 157 percent from its January 1’s opening rate. Against bitcoin, NMR surged by 196 percent, rising from 87,735 sats to 252,221 sats.
NMR/BTC beats market odds to deliver a spectacular 183 percent return in Q1 | Source: TradingView.com, Binance The gains, nevertheless, accompanied meager daily volumes, suggesting that only a limited number of traders supported the said bull runs. The market caps of both NMR and DATA were also less compared to bitcoin, standing at just $41 million and $31.7 million at their quarterly tops.
Market Fundamentals Despite its lackluster metrics, both NMR and DATA gained momentum owing to strong fundamentals. Data aggregator platform Messari wrote in one of its daily feeds that both the projects were in the middle of major product releases, stating that such events typically have a positive impact on the prices.
“Streamr,” the feed read, “is close to releasing the first stable version of its product, a decentralized marketplace for data streams. “Numerai, the project behind the asset Numeraire, launched its long-awaited marketplace for information, called Erasure Bay, on March 10.”
The Streamr Milestone 2 Trello board is now live. See the next steps for the #StreamrNetwork, tokenomics, Marketplace, and Core app. https://t.co/FBRHtcx4LL pic.twitter.com/4xjmViTzEx
— Streamr Network (@Streamr) March 25, 2020
The feed added that Numeraire is an illiquid token, noting its real 24 volume to be just around $200,000 at the time of publication.
“Therefore, modest market movements can have an outsized impact on price, at least compared to most large and mid-cap crypto assets,” it clarified.
Bitcoin (BTC) holds above $77,000 at press time on Monday, while mid-tier crypto tokens DeXe (DEXE), Stable (STABLE), and Humanity (H) post double-digit gains over the last 24 hours, likely driven by renewed hopes that the Strait of Hormuz will reopen.
Hopes of US-Iran deal ease downside pressure across marketsThe ongoing peace talks between the US and Iran have renewed hopes that the Strait of Hormuz will reopen, as previously reported by FXStreet. West Texas Intermediate (WTI) – the US oil benchmark – opened with a bearish gap below $92 on Monday, while Japan’s Nikkei is up roughly 3% as tensions in the Middle East ease.
Institutional demand for crypto could revive as falling oil prices cap US inflation, boosting risk appetite for Bitcoin and other tokens. SoSoValue data shows Bitcoin and Ethereum (ETH)-focused Exchange Traded Funds (ETFs) recorded roughly $1.26 billion and $216 million in outflows last week, respectively, while Hyperliquid (HYPE) led institutional demand with $72 million in inflows.
Bitcoin and Ethereum ETFs data. Source: SosovalueA potential US-Iran deal could uplift risk-on sentiment across the broader crypto market, driving a rally in Bitcoin and other crypto assets. Over the last 24 hours, mid-tier crypto tokens have been leading the rally.
Technical outlook: Will DeXe, Stable, and Humanity extend the rebound?DEXE trades above $15.00 at the time of writing on Monday, holding steady after a 12% jump the previous day. The token maintains a clear bullish bias, with price holding well above the 50-day Exponential Moving Average (EMA) at $11.78 and the 100- and 200-day EMAs at $9.68 and $8.12, respectively, reinforcing a medium-term uptrend.
Momentum remains constructive, with the Relative Strength Index (RSI) near 68 approaching overbought territory and the Moving Average Convergence Divergence (MACD) line rising in positive territory above its signal line, hinting that buyers still have the upper hand even if upside could become increasingly stretched.
The next notable resistance aligns with the prior cycle high at $16.24 on April 19, where bulls may face a more meaningful test.
DEXE/USDT daily price chart.On the downside, initial support is located at the 78.6% Fibonacci retracement at $14.87, measured from $16.24 to $9.81, followed by a deeper cushion at the 50% retracement around $13.03.
Stable extends gains by over 4% at press time on Monday, following an 8% rise the previous day. The stablecoin protocol token maintains a bullish near-term bias, with price holding well above the 50-day EMA at $0.0327 and the 100-day EMA at $0.0291, reinforcing a constructive underlying trend.
The upward-sloping trendline support connecting the December 24 and April 20 lows near $0.0298 remains comfortably below spot and underpins the broader advance.
Momentum is mixed but broadly supportive: the RSI at 60 hints at sustained buying interest, while the uptick in MACD prepares for a bullish crossover with its signal line, suggesting fresh upside pressure.
STABLE/USD daily price chart.Looking up, the $0.04490 level has capped multiple bullish spikes and serves as the upside resistance.
Humanity token extends its third consecutive day of recovery at press time on Monday. The privacy- and biometric-focused token holds well above the 50-, 100-, and 200-day exponential moving averages (EMAs) at $0.1876, $0.1649, and $0.1551, respectively, keeping the near-term bias constructive despite the recent pullback from the $0.26 area.
The RSI around 55 on the daily chart rebounds from the midline but remains within a broader downtrend, while the MACD prepares for a bullish crossover, suggesting a mild cool-off in downside momentum.
Initial support emerges at the 50-day EMA near $0.1875, where a corrective dip could find buyers on a first test, followed by deeper demand around the 100-day EMA at $0.1649.
H/USD daily price chart.The S2 Pivot Point at $0.2632 served as the upside barrier that capped the recovery earlier this month, followed by the S3 Pivot Point at $0.3352, which is the next key resistance.
(The technical analysis of this story was written with the help of an AI tool.)
SIREN, NEAR, and DeXe follow suit in terms of daily gains, all with double digits.
Likely driven by Trump’s latest promising words about a potential peace deal between the US and Iran to be announced in the next few days, BTC jumped from $62,000 to over $64,000 in minutes earlier today before it was stopped.
Most larger-cap alts have remained relatively sluggish on a daily scale, aside from HYPE, which has reclaimed the $60 support after a 3% increase.
Bitcoin Eyes $64K The previous week was one of the most violent in bitcoin’s recent history. The asset started it at around $73,000, but the bears quickly took control and drove it below $70,000. The key support levels kept falling one after the other, and BTC found itself dropping below $68,000, $65,000, and even $62,000 as the week progressed.
The focus turned to the $60,000 level, which managed to hold the February crash. The bulls managed to defend it at first on Thursday and on Friday morning, but the pressure was too strong on Friday afternoon, and that line finally gave in.
Bitcoin dipped to $59,100 for the first time in almost two years. Nevertheless, it quickly rebounded and reclaimed the $60,000 level by the end of the day, and climbed to $61,000 on Saturday and $62,000 on Sunday. More volatility occurred in the past 12 hours or so after the latest developments on the war front, and BTC surged to $64,200 before it was stopped and driven south by a grand.
Its market cap is up to $1.265 trillion, while its dominance over the alts has increased to 56.3% on CG.
BTCUSD June 8. Source: TradingView BEAT Rockets The altcoin in question that has pumped by 80% in the past 24 hours alone is Audiera (BEAT). The asset is by far the top performer today, surging to a price of $4.30 and becoming the 62nd-largest alt by market cap. SIREN has surged by 32%, followed by NEAR’s 13% jump. DeXe completes the double-digit price gain club, with an 11% increase.
The larger-cap alts are a lot less volatile today. ETH is up to $1,660 after a 1.5% increase, BNB is still close to $600, while SOL is above $66. HYPE has gained 3% and sits well above $60, while ZEC continues on its recovery path with a 6% jump to $425.
The total crypto market cap has added another $20 billion daily and is up to $2.260 trillion on CG.
Cryptocurrency Market Overview June 8. Source: QuantifyCrypto
The broader cryptocurrency market is under pressure with Bitcoin (BTC) slipping below $62,000 on Wednesday amid the US launching its third wave of strikes on Iran. Hyperliquid (HYPE) and DeXe (DEXE) are leading losses over the last 24 hours, risking the prevailing upward trend.
US-Iran stress weighs back on BitcoinBitcoin dropped below $62,000 on Tuesday, failing to extend the clean rebound seen during the previous retest of the $60,000 mark in early February. The recent sell-off triggered by the stronger-than-expected US Jobs data now faces the additional weight of the renewed US-Iran tensions. US Central Command (CENTCOM) launched strikes against Iran in response to the downing of a US Army Apache helicopter.
Bitcoin maintains a bearish near-term bias as price holds well below the 50-, 100-, and 200-day Exponential Moving Averages, which now stack as overhead resistance from around $72,045 up to $79,295. From a technical perspective, the failure above the former rising support trendline, now turned into resistance near $72,163, underscores a broken medium-term uptrend.
That said, the Relative Strength Index (RSI) at roughly 24 sits in oversold territory while the Moving Average Convergence Divergence (MACD) and its signal line remain negative, both hinting that while downside pressure persists, the pace of the decline could start to moderate.
On the downside, the key level to watch is the horizontal support around $60,000, where buyers previously emerged. A clear break and daily close below this floor would open the door to an extension of the current downtrend, whereas sustained defense of 60,000 could allow for a corrective bounce back toward the aforementioned resistance band.
BTC/USDT daily price chart.Looking up, the immediate resistance aligns with the March 29 low at $65,000, followed by the April 12 low of $70,505.
Hyperliquid risks losing the $50 thresholdHyperliquid extends losses toward the $50 mark at press time on Wednesday, following a 9% drop the previous day. HYPE risks losing a constructive bullish bias, which remains supported by a cluster of underlying moving averages, with the 50-day EMA at $53.74, the 100-day EMA at $47.18, and the 200-day EMA at $41.48.
Though the EMAs suggest an intact broader uptrend, momentum has cooled on the daily chart with the recent pullback. The RSI is hovering near a neutral 48, and the MACD and signal lines fall toward the zero line after a bearish crossover on Friday, suggesting waning upside pressure rather than an outright trend reversal.
On the downside, immediate support is seen at the 50-day EMA at $53.74, followed by the 78.6% Fibonacci retracement at $51.11, measured from the $59.45 to $2.51 downswing.
HYPE/USD daily price chart.On the topside, initial resistance is aligned with the 100% Fibonacci retracement at $59.45, where a clear break would reopen the path toward the 127.2% Fibonacci extension level at $70.04.
DeXe's reversal puts a prolonged uptrend at riskDeXe maintains a bullish near-term bias as price holds well above the 50-, 100-, and 200-day EMAs at $15.19, $12.20, and $9.78, respectively, which act as the underlying support structure.
However, the MACD has slipped marginally below the signal line, signaling a bearish crossover and hinting at a potential renewal of bearish momentum. Meanwhile, the RSI near 59 reflects constructive momentum as overbought conditions wane.
On the downside, initial support is seen at the 50-day EMA near $15.19, with deeper downside exposure pointing to the 100-day EMA around $12.20 and then the 200-day EMA near $9.79 if selling pressure accelerates. As long as DEXE/USDT holds above the 50-day EMA, pullbacks are likely to be treated as corrective within the prevailing uptrend, while a daily close below this level would weaken the bullish structure and expose a broader retracement towards the lower moving average supports.
DEXE/USDT daily price chart.A potential rebound in DEXE could test the R1 Pivot Point at $22.41, which capped the bullish recovery attempt on Monday.
(The technical analysis of this story was written with the help of an AI tool.)
