China News Daily TheBitTimes.com

Bitcoin’s (BTC) price shambled post-halving, with consecutive losses and the first “red month” in April, after a 7 -month green streak. In this context, the Bitcoin miners ’ revenue in USD dropped to a 6-month low, slightly above $30 million. Finbold retrieved data from Blockchain.com on May 1, showing $30.17 million of miners’ revenue collected on April 30. Moreover, the 1-year chart illustrates this as the lowest revenue for Bitcoin miners in the past six months. Notably, the most significant drop occurred after Bitcoin’s fourth halving, when the block subsidy reward changed from 6.25 BTC to 3.125 BTC per mined block, drastically affecting the activity’s profitability. Picks for you Gold vs. Bitcoin: Expert predicts May prices for top assets 58 mins ago Tokenized real-world assets nears $8 billion in value as demand grows 1 hour ago Why you can't bank on single stock to make you a millionaire  2 hours ago ...

BTC and altcoin prices succumbed to this week’s negative newsflow, but sentiment analysis and on-chain data point to the possibility of a short-term bounce. March started off on a low due to a resurrection of inflationary fears. On March 7, hawkish comments from U.S. Federal Reserve chairman Jerome Powell amplified the market's expectation of a 50-basis point hike in the upcoming policy rate meeting on March 22 to March 23.  On March 8, the U.S. government's $1 billion Bitcoin (BTC) transfer of assets seized from Silk Road sparked fears of a sell-off. Later on the same day, the largest crypto-friendly bank confirmed its collapse and planned to liquidate its crypto positions voluntarily. The week's events sent Bitcoin's price to a two-week low of $20,050. A spike in negative sentiment may preclude a bounce The flurry of bad news and price drops caused a significant dip in CryptoQuant's Coinbase premium index, which measures the difference in trading prices on Coinb...