Bitcoin Market Insight: Possible Indicators of Post-Halving Hangover.

Quick Summary:

BTC price forecast: Bitcoin has made significant strides since dropping to test support at $56,500 this week.

The sell-off which erased all post-halving gains, affected altcoins in the same way, with Ethereum sliding to seek support at $2,800.

According to the Head of Research at CryptoQuant, Julio Moreno, “Bitcoin miners are extremely underpaid right now as daily revenues have plummeted to the lowest since Nov 2022.

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Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: India

Topics: BTC price Bitcoin price forecast Bitcoin Halving Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-03 @ 22:15:14 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 46 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20863708

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 11 hours ago

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