Bitwise: Bitcoin Halving Is a ‘Sell the News’ Event, Market Underestimates Long-Term Impact

Share This Post

Bitwise: Bitcoin Halving Is a 'Sell the News' Event, Market Underestimates Long-Term ImpactAsset management firm Bitwise has cautioned that data suggests the upcoming Bitcoin halving is a “sell the news” event. However, the firm explained that the market likely “prices in the short-term impact of the halving but underestimates the long-term impact,” emphasizing that the data “also suggests that, long-term, the halving may be conducive to price […]

Read Entire Article
spot_img

Related Posts

Bitcoin Is Fine As Long As It Holds Above $49,000: Analyst

Despite Bitcoin’s 13% drop in the past week, which saw it break below the psychological $60,000 level and drop 20% from its all-time highs, one analyst on X remains resolute Drawing from the

Bitcoin fights to get above $58,000 as Fed maintains unchanged rates

Quick Take The Federal Reserve has opted to maintain the fed funds rate within the range of 525% to 550% Preceding this decision, Bitcoin experienced a decline from approximately $64,000 to a low of

$354 Million Crypto Longs Squeezed As Bitcoin Crashes To $57,000

Data shows the cryptocurrency derivative market has observed mass liquidations following the crash of Bitcoin and other assets Bitcoin Has Seen Bears Winning As Price Has Plunged 6% Over The Past Day

Tether reports record $4.52 billion profit in Q1 despite shrinking market share

Stablecoin issuer Tether (USDT) achieved a historic net profit of $452 billion in the first quarter despite facing a significant drop in market share Record net profit According to the attestation

NFT Sales Dip Over 31% in April; Ethereum, Solana Experience Sharp Declines

Sales of non-fungible tokens (NFTs) experienced a 3126% decline in April from the revenues recorded in March Last month, statistics show that NFT transactions across several markets totaled

Bitcoin Euphoria Cools Off As BTC Distribution Enters Fear Zone

Bitcoin has finally broken below the $60,000 support level for the first time in two months The world’s largest digital asset has largely been in a euphoria phase since the beginning of the
- Advertisement -spot_img