Bitcoin Halving: Miners rake in a record $107M in revenues! 🚀
Bitcoin Halving: Miners rake in a record $107M in revenues! 🚀
Welcome to the Daily Tribune, Tuesday, April 23, 2024 ☕️
Hello Cointribe! 🚀
Today is Tuesday, April 23, 2024, and like every day from Tuesday to Saturday, we summarize the news of the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partly sunny 🌤️
24-hour crypto summary ! ⏱️
🚀 After the Halving, Bitcoin Miners Rake in $107 Million in Revenues
Following the recent halving in 2024, Bitcoin miners saw their revenues soar to $107 million in just one day, surpassing all predictions. This historic peak in revenues is mainly attributed to the introduction of the Runes protocol, an innovation that allows for the issuance of fungible tokens directly on the Bitcoin blockchain for the first time. This considerable increase in revenues, up 75.44% from the previous day, not only beat previous records but also exceeded the most optimistic estimates of analysts. Read the full article here.
🚀 Impact of Halving on Shiba Inu and Bonk Coin
In the wake of the latest Bitcoin halving, meme coins such as Shiba Inu and Bonk Coin have experienced a spectacular increase in value. For example, Shiba Inu saw its trading volume reach $1.193 billion in 24 hours, with a price increase of 2.23%, trading at $0.000024. Experts believe that this rally could continue. Likewise, Bonk Coin also benefited from this optimistic climate, recording an increase of over 8% in its price. These impressive gains are seen as the beginning of a broader bullish trend that could benefit all altcoins, a sign of increased risk appetite among investors. To delve into these market dynamics in more detail, read the complete article.
🔧 Binance Seeks to Optimize Trading-Related Transactions
Binance has recently announced a series of technical changes aimed at improving trading conditions for its users. These adjustments mainly concern step sizes for various highly sought-after trading pairs, including FET, INJ, SOL, and TIA tokens. Starting on April 29, these modifications will enable traders to set their orders with increased precision. For example, the FET pairs will see their step sizes reduced from 1 to 0.1, and similar adjustments will be applied to the INJ and SOL pairs. These modifications aim to reduce market inefficiencies and facilitate the management of complex orders without disrupting fundamental trading operations. For more details on these improvements, consult the full article here.
🇨🇭 Bitcoin and the Swiss National Bank: A Referendum for History
Swiss Bitcoin supporters are mobilizing for a new attempt to integrate the cryptocurrency into the Swiss National Bank's (SNB) national reserves. After a failed attempt in 2021 due to a lack of signatures to trigger a referendum, advocates, led by Yves Bennaïm from 2B4CH and supported by figures like Luzius Meisser from Bitcoin Suisse, are launching a new campaign. They argue that adopting Bitcoin would strengthen Switzerland's financial neutrality and sovereignty by limiting exposure to fiat currency fluctuations and foreign central bank policies. The campaign requires the support of over 100,000 citizens to succeed. To better understand the stakes involved in this initiative, read the full article.
Coin of the Day: Ontology (ONT)
Ontology is an innovative blockchain focused on identity and data. It stands out for its ability to enable businesses of all sizes to adopt blockchain technology without completely changing their existing systems. This hybrid approach allows for smoother integration and provides significant added value in terms of security and personal and corporate data management.
Ontology's native cryptocurrency, ONT, is primarily used to facilitate these services on the platform, including payment for transactions and specific network services. ONT was initially distributed through a series of airdrops and private sales, avoiding a traditional initial coin offering (ICO). This allowed for a broader and fairer distribution of the currency. ONT holders enjoy several benefits, such as governance rights on the platform, staking rewards, and cost-effective transactions. ONT can be used to participate in network security through staking, as well as to pay for services on the platform, strengthening its utility and demand.
Recent Performance
Current Price: Approximately $0.4951 USD (converted to € based on the current exchange rate)
Percentage Increase/Decrease: 9.53% increase over one day
Market Cap: Approximately $434,602,265 USD (converted to € based on the current exchange rate)
Rank on CoinMarketCap: #165
Today's Technical Analysis: Bitcoin (BTC)
After the halving, Bitcoin recorded an impressive rebound of 6.5%, pushing its price to around $67,000, following a period of decline where it had fallen just below $60,000. This rebound suggests renewed buyer interest at this price level, which had been anticipated as a major resistance zone. Currently, Bitcoin is stabilizing around $66,150, indicating that buyers are starting to hesitate, although the support at $60,000 remains strong. The continuation of this bullish trend will depend on Bitcoin's ability to hold above this critical threshold and a potential rebound above the 50-day moving average.
