News list for " halved"
Gold Ten Futures Special CITIC Futures Comments: After the Spring Festival, the supply and demand of downstream building materials will rebound seasonally. At that time, silicon manganese is likely to follow the resumption of production, but the upward potential for production may not be as high as the previous round of production. The current too fast rise may overdraw some of the future "positive feedback on production". In addition, market rumors that Gabon's shipment volume to China in Febru...
On October 8th, Matrixport released a chart saying that since the halving in April 2024, the daily income of bitcoin mining has dropped sharply from $70 million to $31 million. However, mining stocks have performed relatively well. Although slightly worse than bitcoin, the overall performance has been better than expected. Mining stocks are poised to rebound as earnings bottom out. Many mining companies have chosen to hold bitcoin inventory and reduce selling on exchanges, thus easing the market...
The Federal Reserve will halve the increase in capital base requirements for large banks to 9% from 19% previously.
Veteran trader Peter Brandt said that Bitcoin's decline since its halving in April 2024 is beginning to resemble the market's movements before the 2016 bull market. In an Aug. 5 article, Brandt said that "the decline since the bitcoin halving is now similar to the 2015-2017 halving bull cycle." It compared the depth of the market correction since the halving date, noting that the two are very similar. In 2016, the bitcoin halving took place on July 9, when the asset price was...
Market news: The European Central Bank is considering halving the demand for leverage provisions to about 7 billion euros.
Digital wealth firm StashAway halves losses to $10.90 million in 2023, with sales up 10%.
CryptoQuant data shows that miners' daily earnings have fallen 75% to $26.50 million since the April halving. The transaction fees earned by miners have fallen to 3.7% of total revenue after jumping to a high of 75% earlier that month. Le Shi, head of trading at market-making and algorithmic trading firm Auros, said the $51,000-52,000 range is crucial because many bitcoin miners are reaching the break-even point of profitable mining.
QCP Capital said that miners are under tremendous selling pressure due to the rise in break-even prices after the halving. Miners' BTC holdings have fallen to the lowest level in the past 14 years, with total reserves down 50,000 from the beginning of the year. The market is also spooked by the emergence of a large amount of new supply. The German government is said to have sold around 3,000 bitcoins in the past few days and will sell 47,000 more in the future.
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