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Author: Admin | 2025-04-28
Join Our Telegram channel to stay up to date on breaking news coverageThe Bitcoin price is massively bullish, trading at $35,265 as of 11:28 p,m. EST, recording a 40% increase in trading volume over the last 24 hours.The bullishness comes as excitement over spot Bitcoin exchange-traded funds (ETFs) continues to grow. It underlines the massive potential gains for two BTC alternatives, BTCMTX and BTCETF, still in their presale and offering traders easy entry.Besides the ETF, investors’ eyes are also trained on the Bitcoin halving slated for April 2024. For traders and investors, a fresh start to a new bull mark seems likely.https://twitter.com/aniyatradee/status/1722110692889698479For miners, however, their mining rewards will be cut in half, moving from 6.125 to 3.125 block rewards. This means a 50% revenue slash.You are right, the miner's revenue is slashed (unless they double up on their production capacity). But miners selling less has zero impact on Bitcoin supply when there is already a sea of 19.5M bitcoins floating around. After the last halving event, Bitcoin supply went from… pic.twitter.com/EAYhzyp00v— Alby (@albyva) November 6, 2023While a 50% deduction seems like a worthwhile trade considering Bitcoin price will increase significantly, miners have a different view on the matter. This comes as the operating expenses needed for mining Bitcoin have increased over time. These include mining infrastructure costing more, electricity rates skyrocketing, and the plans for a 30% mining tax imposed on US miners.Bitcoin Price Is Giga Bullish, Analysts Says, As BTC Price Holds Above $34,000With Bitcoin price holding steady above the $35,000 psychological level, one trader, renowned for predicting the early 2023 rally, says BTC is giga bullish. In a post to his 507.7K followers on Crypto X, DonAlt noted that the market range for the king of crypto is wide, spanning from $32,000 to $60,000.According to DonAlt, the mere
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