Bitcoin (BTC) set to outpace altcoins in upcoming breakout: Peter Brandt BTC $BTC PeterBrandt
Predicting that Bitcoin would outperform alternative cryptocurrencies, he wrote,"My bias is that Bitcoin will bury all pretenders. Eventually there will be only one 'King of the Hill,' and it will be Bitcoin.", the Bitcoin dominance rate, which is its market value's share of the total crypto market, reached a 10-month high of 48.90% on April 12 before declining.
notes that Bitcoin block 787,500 will be mined shortly, which means the halving event is about a year away. Bitcoin halving events are autonomous and preprogrammed every 210,000 blocks. Glassnode added that a 14-day average of mean block time estimates that we are 367 days away from the next halving event, given that hash rate is volatile and finding blocks is probabilistic. This gives the estimated date as April 30, 2024.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Injective (INJ) Up 17% Weekly, Bitcoin (BTC) Stable Above $29K: Weekend WatchICP keeps surging, with yet another 6% daily increase that drove it to well above $6.
Read more »
64,000 BTC Added by Bitcoin Whales to Holdings as Price Seeks to Reclaim $30KBitcoin whales increase holdings with 64,000 BTC as price aims for $30K $BTC
Read more »
'Good luck bears' — Bitcoin traders closely watch April close with BTC price at $29KReady for Bitcoin's monthly close? BTC price is doing nothing but flatlining.
Read more »
Bitcoin Extends Dominance Over Alts as BTC Stable Above $29K: Market WatchAs the week and the month come to an end, BTC stands above $29,000, while ETH is at $1,900.
Read more »
Bitcoin price holds $29K as US PCE data sparks 90% Fed rate hike betsBitcoin avoids a strong PCE data reaction with BTC price centering on $29,000.
Read more »
Bitcoin Blockchain Surpasses 2 Million Ordinal Inscriptions Milestone in Just Over 4 Months – Bitcoin NewsAs of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million inscriptions.
Read more »