News with the tag "HALVING"

JPMorgan's July report highlights a surge in Bitcoin mining profitability, with average daily revenue reaching $57,400 per EH/s, the highest since the April 2024 halving, though still 43% below pre-halving levels.

Bitcoin is showing warning signs of a potential bearish trend as its Relative Strength Index (RSI) exhibits a bearish divergence pattern similar to the post-halving behavior in 2020, indicating weakening momentum despite higher highs.

Litecoin is nearing its third-ever Golden Cross formation, a technical indicator that historically precedes significant price rallies, with analysts predicting potential gains of 200% to 700%.