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Over the past 24 hours, Stellar's (CRYPTO: XLM) price has risen 3.26% to $0.11. This is contrary to its negative trend over the past week where it has experienced a 20.0% loss, moving from $0.13 to its current price. As it stands right now, the coin's all-time high is $0.88.

The chart below compares the price movement and volatility for Stellar over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has risen 3.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.18%. This brings the circulating supply to 28.88 billion, which makes up an estimated 57.75% of its max supply of 50.00 billion. According to our data, the current market cap ranking for XLM is #36 at $3.12 billion.

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Cryptocurrency Stellar's Price Increased More Than 3% Within 24 hours - Investing.com UK

In an imminent event poised to upturn the world of cryptocurrency, this week will see the next Bitcoin Halving. This event will see Bitcoin miners rewards cut in half, from an existing 6.25 BTC to 3.125 BTC. As the pulse of the crypto-world quickens in anticipation, miners around the globe are bracing for a substantial loss of revenue following this halving event.

A report from Bloomberg paints a vivid picture of the potential losses. Bitcoin miners, who currently earn approximately 900 BTC daily from validating transactions, could stand to lose up to $10 billion annually. Once the Halving occurs, their daily income would dramatically plunge to 450 BTC. It is important to contextualize these staggering figures by acknowledging their projection is based on the current market rate of Bitcoin.

Although this loss of revenue could be softened if Bitcoins price experiences a sharp upturn following the Halving, miners understand that this is not a strategy on which to build long-term sustainability since they are likely to face subsequent bear markets. Such market downturns would inevitably lead to a decline in the price of Bitcoin.

This understanding has influenced larger mining operatives, such as Marathon Digital and CleanSpark, to take proactive steps to weather the upcoming upheaval. These miners reportedly have been investing in new equipment while simultaneously trying to edge out competition by purchasing smaller mining operations. This strategy could theoretically decrease the number of miners fighting for block rewards, and in doing so, soften the blow of losses in daily revenue.

Previous reports have also highlighted efforts amongst Bitcoin miners to diversify their range of operations, thereby enhancing revenue streams and creating additional income to buffer the impacts of the Halving. One promising avenue is the artificial intelligence sectoran industry well-suited to utilize the existing Bitcoin mining infrastructureand Bitcoin miners are eagerly seizing these opportunities.

The twists and turns of the crypto-sphere do not end there, however. The Bloomberg report also unveiled that US Bitcoin miners are grappling with unexpected competition in the fight for energy. Some of the worlds largest tech companies are vying for the same source of electricity to power their data centers, pitting these tech giants against Bitcoin miners.

Against the backdrop of these competitive pressures, there is a surge in electricity rates, further fueled by energy constraints within the US. Consequently, its becoming increasingly arduous for Bitcoin miners to maintain smooth operations within the country. Major tech companies often have the upper hand over Bitcoin miners in securing power due to their more consistent revenue streams compared to the volatile price-dependent success of Bitcoin miners.

In conclusion, casting our eyes to the Bitcoin price chart, it appears that many cryptocurrency enthusiasts are bullish about reclaiming control. Of course, like any form of investing, the crypto-world is not without its risks, and its essential that individuals do their homework and invest wisely. As with everything, the outcomes reside in the hands of the market and time itselfits a fascinating ride, indeed.

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Bitcoin Halving Set to Shake Cryptocurrency World, Miners Brace for Massive Revenue Drop - West Island Blog

The Bitcoin (BTC) Halving Phenomenon

Bitcoin (BTC) halving is a predefined event that reduces the reward for mining new blocks by half, occurring approximately every four years. This mechanism, part of Bitcoins (BTC) original design, aims to control inflation and extend the currencys issuance over a longer period. As the rewards decrease, the scarcity of Bitcoin (BTC) increases, which historically has led to significant price fluctuations and increased market volatility.

Implications for Bitcoin (BTC) and Broader Market

The halving event is often associated with bullish runs for Bitcoin (BTC), as reduced supply tends to push prices up if demand remains steady or increases. However, the uncertainty surrounding these periods can cause ripple effects across the entire cryptocurrency landscape, influencing other major cryptocurrencies like Cardano (ADA) and nascent tokens such as Option2Trade (O2T).

Cardano (ADA) in the Face of Bitcoin (BTC) Halving

Cardano (ADA), known for its robust technology and scientific approach to blockchain development, might experience indirect impacts from the Bitcoin (BTC) halving. Investors might shift their strategies, pulling resources from Cardano (ADA) to position in Bitcoin (BTC) or alternative investments like Option2Trade (O2T) that could capitalize on the markets movements. The anticipation and speculative nature surrounding the halving often lead to increased volatility, where Cardano (ADA) could either benefit from capital rotations or suffer temporary setbacks as funds flow into Bitcoin (BTC).

Option2Trade (O2T): A Rising Star Amidst Uncertainty

Amidst this backdrop, Option2Trade (O2T) presents itself as a compelling investment alternative. With its innovative approach to decentralized finance, blending AI-driven trading solutions with robust community governance, Option2Trade (O2T) is positioned to attract attention from both Bitcoin (BTC) and Cardano (ADA) investors looking for diversified exposure in the crypto market. The unique value proposition of Option2Trade (O2T), especially during times of uncertainty like the Bitcoin (BTC) halving, highlights its potential for exponential growth.

Why Option2Trade (O2T) Could Outshine Bitcoin (BTC) and Cardano (ADA)

As Bitcoin (BTC) undergoes its halving, and Cardano (ADA) navigates the resultant market dynamics, Option2Trade (O2T) could emerge as a more stable and promising option due to its innovative features and potential for high returns. The platforms commitment to leveraging advanced technology to enhance trading efficiency and profitability makes Option2Trade (O2T) an attractive alternative for those concerned about the post-halving volatility of traditional cryptocurrencies like Bitcoin (BTC) and Cardano (ADA).

Strategic Moves for Cardano (ADA) and Option2Trade (O2T) Investors

For investors holding Cardano (ADA) or contemplating an entry into Option2Trade (O2T), the Bitcoin (BTC) halving presents a strategic inflection point. Diversifying into Option2Trade (O2T) could provide a hedge against the volatility while offering the potential for significant gains. Similarly, maintaining a position in Cardano (ADA) might benefit those looking for stability and long-term growth in a project backed by a strong scientific and technological foundation.

Conclusion: A New Chapter for Crypto Investments

As the Bitcoin (BTC) halving approaches, the cryptocurrency market is on the cusp of another transformative period. For Cardano (ADA) and Option2Trade (O2T) alike, this event will test their resilience and adaptability. While Bitcoin (BTC) remains a key player, the innovative solutions offered by Option2Trade (O2T) place it as a potential leader in the next wave of cryptocurrency investments, promising both stability and high-yield opportunities in a fluctuating market. As investors continue to evaluate their portfolios, Option2Trade (O2T) stands out as a beacon of potential in a sea of uncertainty.

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Bitcoin (BTC) Halving Creates Uncertainty In the Cryptocurrency Market, How will This Affet Cardano (ADA) and 2000x ... - The Portugal News

Enlarge / Look, a generic render that looks vaguely like every other Steam Deck clone.

Playtron

Remember when "web3 gaming" was the hot new thing in the game industry? In 2022, it seemed like every other game maker was flirting with "NFT integration" or "blockchain support" or some other crypto-adjacent buzzword in one form or another. Then, throughout 2023, the whole idea quickly faded away as generative AI became the latest Silicon Valley obsession.

But some are apparently not willing to give up on the crypto gaming dream. Playtron and Mysten Labs have announced the SuiPlay0X1, a new Steam Deck-alike that is being billed as "the world's first blockchain native handheld games console."

Currently, the device seems to exist only as a few concept renders and vague promises about finally making "web3 gaming" accessible to the ignorant masses who don't even know how much they need crypto features integrated into their gaming portable. But even if those promises all pan out (a very big if), it's hard to see any real value that the 0X1 would provide over the current slate of gaming handhelds.

Very briefly, for those who have blessedly been able to ignore it, "web3 gaming" is an amorphous concept that captures pretty much any game that has some sort of connection to blockchain technology and/or cryptocurrency. For the SuiPlay 0X1, that means tight integration with the Sui blockchain, which claims lower fees, faster transaction speeds, and easier scalability than some other crypto coins.

By using Sui, the 0X1's makers promise the portable will have "the simplicity of being able to set up a [crypto] wallet like signing up with your Google account," a comparison that makes us wonder why they didn't just make an Android-based system that integrates with our existing Google accounts.

Web3 gaming advocates would claim that having these in-game assets tracked on a blockchain, rather than through some centralized game publisher's database, means you have fuller control over your "unique" gaming items. But any continuing value of these items still relies on them being usable in a gaming context, as owners of Ubisoft's Ghost Recon Breakpoint NFTs found once Ubisoft quickly ended support for the game itself.

In an interview with Decrypt, Mysten Labs Chief Product Officer Adeniyi Abiodun said that the 0X1's crypto integration will let game makers offer free tokens, assets, and other on-chain rewards and discounts to lure players to try out new games. They also nodded toward the possibility for some sort of token drop for all 0X1 owners that would help "subsidize" the cost of the device itself.

Playtron

Speaking of games store, Playtron boldly claims that the 0X1 will be able to "play everything from every store" through a "single launcher" in the upcoming Linux-based PlaytronOS. Playtron is "attempting to extract the PC gaming ecosystem from Windows and recontextualize in our own operating system," CEO Kirt McMaster told VentureBeat.

As for Playtron's promise that 0X1 users can "buy any game with your digital currency" using "payments that aren't encumbered with traditional payment rails," we'll just note that Valve stopped accepting bitcoin for payments in 2017 because price volatility and transaction fees made it unworkable. Maybe Sui has fixed these problems, but so far, evidence suggests that cryptocurrency is still more useful as a speculative asset than an everyday payment option.

Without even vague gestures toward key details like specs, price, or planned release date (beyond "2025"), it's hard to even evaluate how the 0X1 would work as a gaming device. When it comes to the supposedly revolutionary promise of web3 gaming, though, it's very hard to see the new features appealing to anyone but the most diehard of crypto fanatics.

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No one needs this cryptocurrency-powered Steam Deck competitor - Ars Technica

Satoshi Nakamoto, a person or group whose identity remains unknown to this day, created the digital currency Bitcoin on Jan. 3, 2009. A whole cryptocurrency industry was born out of it, one that has become increasingly mainstream.

Is Bitcoin too speculative?

Bitcoin prices have been on a roller-coaster ride over the past few months. But something coming soon thats known as a Bitcoin halving event could shoot them to new highs throughout the year. Bitcoin halving, a technical event that occurs every four years and cuts the reward for mining new Bitcoin by half. The feature is important to understand how Bitcoin functions.

In mid-April, the reward miners get for minting new Bitcoin will be cut in half, from 6.25 bitcoin to 3.125. This happens every four years and will continue until all 21 million Bitcoin are mined. While the exact date of the halving event remains unclear, its set to take place on or before April 19.

Halving was written into Bitcoins code from the beginning to ensure scarcity and safeguard against inflation. Previous halving events coincided with huge Bitcoin price increases.

Heres what to know about the coming Bitcoin halving, as well as what it will mean for Bitcoins price and more.

Bitcoin is generated by miners who use computer hardware to solve complex mathematical problems and verify transactions on the blockchain network. In return, miners receive a predetermined amount of Bitcoin for each block of transactions they process.

The reward, which is given to miners who verify the transaction, is a way to create more Bitcoin. The first Bitcoin block, also known as the Genesis Block, was created by Nakamoto in 2009 and was rewarded with 50 Bitcoin.

Bitcoins supply is limited to a maximum of 21 million coins. This means no additional coins will be generated or created after reaching that 21 million limit. Nakamoto introduced the concept of Bitcoin halving to limit the quantity of the cryptocurrency and make it more valuable to combat inflation. Thats why Bitcoin halving is important, as it prevents the uncontrolled creation of Bitcoin.

The Bitcoin blockchain creates 210,000 new blocks in about four years, which is the standard established by its creators. The first reward was 50 bitcoin in 2009, when Bitcoins price was almost 0.

Bitcoins next halving is expected to take place on or before April 19, reducing the mining reward to 3.125 Bitcoin. The process will continue until roughly 2140. This means that after the 2024 halving, 29 more halving events will occur before the final reward of just one satoshi (the smallest unit of the Bitcoin) is granted.

Bitcoin halving has historically boosted the price of the cryptocurrency.

For instance, after the first Bitcoin halving in 2012, the price was $12. It went up to $44 in 100 days, and then $135 in 300 days.

Similarly, after the 2016 halving event, the flagship cryptocurrency went from $658 to $1,551 in 300 days.

And in the most recent halving of 2020, the price of $8,601 went to $50,941 within 300 days.

CoinGecko, a crypto tracking website, finds that Bitcoins price has increased by 103,877% since 2013. Bitcoin was trading at about $70,000 in mid-April, just 4.4% off its all-time high reached on March 14, 2024.

The upcoming Bitcoin halving event and the inflows into the spot Bitcoin ETF market have spread excitement among investors, and some key figures in the crypto industry believe Bitcoins price can go to $100,000.

Satoshi Nakamoto set a cap on the supply of Bitcoin at 21 million, which limits the number of Bitcoin that can ever exist. As of March 2024, there were approximately 19.65 million Bitcoin in circulation, with only about 1.35 million left to be released through mining rewards. It is estimated that by 2140, when all 21 million Bitcoin will be mined, that the network will stop creating new bitcoins.

Bitcoin miners generate revenue through block rewards and transaction fees. Once all 21 million Bitcoin have been mined, the block reward will decrease to zero. But miners could continue to earn an increasing portion of their income from transaction fees.

After the Bitcoin halving, the block reward for miners is reduced by half. This year, it will be reduced from 6.25 Bitcoin to 3.125 Bitcoin.

In the short run, the reduction in block rewards could potentially impact miners, requiring them to invest in more advanced mining equipment to remain competitive. That said, Bitcoins price will likely rise, as it always has after previous halvings. So that means miners may earn enough profit even with a reduced Bitcoin reward.

Bitcoin mining is notorious for consuming energy, leading to concerns among climate activists seeking to ban it. An online tool from the University of Cambridge says that Bitcoins annual energy consumption is equivalent to that of Switzerland.

Experts have tried to find more eco-friendly ways to make Bitcoin, and there are concerns about how halving will impact electricity consumption.

With every Bitcoin halving, the competition to verify transactions increases. This forces miners to upgrade to advanced ASIC miner rigs that maximize productivity and minimize power consumption. So Bitcoin halving can help a little but its definitely not a greener way for generating Bitcoin.

Excerpt from:

What is Bitcoin halving and is it a good time to buy? - Quartz