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According to The Block’s halving countdown, Bitcoin’s next halving event, when miners’ block rewards are cut in half, is just a calendar month away. The estimated time remaining would see Bitcoin’s fourth halving arrive on April 20, with the block reward dropping from 6.25 BTC to 3.125 BTC.
Bitcoin price has historically retraced ahead of previous Bitcoin halvings, but when will it bounce back?
The bitcoin price has climbed back above the $63,500 mark.Market volatility over the past day has resulted in the liquidation of over $150 million leveraged bitcoin positions.
The Grayscale Ethereum Trust discount has slid to its lowest level since November 2023.This comes as pundits become more doubtful that a spot Ethereum ETF will find approval by May.
Ethereum Layer 2 Starknet’s 2024 roadmap will see parallel execution introduced in Q2. Cairo Native integration and data availability compression are also among Starknet’s potential updates this year.
- 18:48U.S. Republicans end up with a majority of 220 seats in the House of RepresentativesDecember 5 news, local time on December 4, California's 13th district Republican Congressman John Duarte admitted defeat in the election for the last seat in the House of Representatives. U.S. House of Representatives election to this complete end, the Republican Party finally won 220 seats in the House of Representatives, the Democratic Party won 215 seats.
- 18:08Data: YouTube cryptocurrency-related videos reached 4.72 million views in November, a nearly 12-month highOn 4 December, YouTube's cryptocurrency-related videos reached a 12-month high of 4.72 million views in November, according to data, but were still 50 percent below the all-time peak of 9.3 million views, with Coin Bureau and Crypto Banter each getting more than 1 million views. Notably, Phantom Wallet and Coinbase were both ranked in the top 100 app shops as the price of bitcoin stabilised around $90,000, indicating that retail investors are returning to the market.
- 18:08ECB Governing Council member Negel: no objection to rate cut next weekThe European Central Bank may cut interest rates again next week, but easing should remain gradual and cautious, ECB Governing Council member Negel said on Wednesday. ‘Given that the process of disinflation is proceeding largely in line with current expectations, at this stage I would not object if we went ahead with a reduction in the policy rate,’ Negel said on Wednesday. ‘But I will reserve final judgement and will make a decision after reviewing the new macroeconomic projections for December and considering the risks around the baseline.’
