NFT News by Thebittimes.Com

Bitcoin (BTC) completed its fourth halving event, leaving the market anticipating whether this milestone will live up to its historical significance as a bullish anchor moment. To gain insights into how Bitcoin is likely to trade post-halving, Finbold consulted the Claude 3 Opus artificial intelligence (AI) model from Anthropic, which is viewed as a superior tool compared to OpenAI’s ChatGPT. Drawing from historical data and the observed effects of previous halving s, Claude AI’s Analysis suggested that Bitcoin is poised for substantial price appreciation in the aftermath of this latest event. Picks for you Controversial stablecoin regulation aims to bolster U.S. Dollar dominance 13 mins ago Commodity investors eye Copper price amid supply shortage breakout 26 mins ago 'Bitcoin fees' keyword trends on Google and social aggregators 27 mins ago Dogecoin prediction; DOGE paints classic pattern ahead of breakout 3 hours ago F...

Bitcoin experienced its first-ever halving 11 years ago today, and since then, its price has soared from $12 to its current price of $37,000. Bitcoin (BTC), the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving , it’s timely to revisit some of Bitcoin's historical milestones ahead of the next halving expected in April 2024. The first Bitcoin transaction occurred nearly 15 years ago on Jan. 3, 2009, a few months after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, published the Bitcoin white paper in October 2008. On Nov. 28, 2012, or three years and ten months after Bitcoin’s initial block was mined, the first-ever halving event took place. At the time, BTC traded at just around $12, according to data from StatMuse, or 308,200% below Bitcoin's current price, according to data from CoinGecko. Though Bitcoin halving — as well as the digital currency...

A popular Bitcoin price model returns to center stage as BTC’s next halving approaches. Bitcoin is struggling to reclaim its psychologically important level of $30,000 as analysts predict that choppy accumulation may last for months. Bitcoin (BTC) soared to a new yearly high of over $31,800 on July 13, driven by optimism surrounding the potential approval of exchange-traded funds (ETFs) in the United States and Ripple’s landmark legal victory in its case against the U.S. Securities and Exchange Commission regarding the classification of XRP (XRP) as a security. However, five days after the pump, BTC closed below $30,000 as buyers struggled to push the price back above the crucial support level. Despite Bitcoin’s price showing weakness in the short term, historical on-chain movements and empirical data suggest that the worst days of the bear market are likely over. Long-term holders are unmoved, but short-term investors could sell Glassnode’s latest report shows that Bitcoin’s price ac...