ChainCatcher news, according to The Block, data shows that following the block reward halving event on April 20, the revenue earned by Bitcoin miners per TH/s (7-day MA) has hit a historic low in the past two months.In addition to the halving, another possible reason for the decline in miner revenue is the reduced number of new wallets entering the Bitcoin ecosystem, which is currently at its lowest level since 2018 (7-day MA).It is worth mentioning that the mining company CleanSpark continues to perform well, with its stock price outperforming Bitcoin so far this year. Additionally, the stock prices of Bitcoin mining companies Bitfarms and Core Scientific have also exceeded that of Bitcoin, although smaller mining companies have been struggling.

ChainCatcher news, The Block Pro data shows that in May, BTC miner revenue (due to the fourth halving event) decreased by 46% month-on-month, reaching $963 million; while ETH staker revenue increased by 4.1%, reaching $267 million.In May, a total of 26,747 ETH were burned, equivalent to approximately $91.7 million. Since the implementation of EIP-1559 in early August 2021, a total of 4.3 million ETH have been burned, equivalent to approximately $12.11 billion.In May, the trading volume on Ethereum NFT platforms decreased by 27.8%, reaching $344 million.In addition, in May, the trading volume of compliant CEX spot trading decreased by 22.5%, reaching $689 billion. Among them, Binance's market share was 79.4%, Coinbase's market share was 10.1%, Kraken's market share was 3.4%, and LMAX Digital's market share was 1.8%.

ChainCatcher news, according to a report by DLNews, Ark Invest's March report indicates that the institution believes Bitcoin's price is still in the early to mid-stage of a bull market compared to past cycles.Additionally, the institution is optimistic about Bitcoin scaling solutions (such as Rollups and sidechains) in this cycle, believing that this sector has shown strong momentum since the second half of 2023. Given factors such as the appreciation of Bitcoin's price, these trends may continue in the current bullish cycle.Regarding CPI data, the institution believes that the current CPI's bearish impact directly affects market liquidity and risk tolerance, which theoretically could limit speculative trading activities in the crypto market. However, factors such as the upcoming halving event and the inflow of funds into U.S. spot Bitcoin ETFs may help support Bitcoin's price in the medium to short term.

ChainCatcher message, the OKX Web3 wallet has officially launched the Bitcoin halving event. Users can experience the Bitcoin halving narrative and emerging ecosystem projects through the event landing page, participate in exclusive benefit activities, and unlock corresponding rewards.In addition, the OKX Web3 wallet will start an airdrop event on March 28 at 18:00. During the event, completing specified tasks will give you a chance to win 1 Bitcoin reward. You can learn more about Bitcoin through OKX Learn.

ChainCatcher news, Matrixport stated in its latest report that the halving event has never been the peak of the cycle, and the Bitcoin rebound may just be beginning.In the report, it stated: "Although the halving is approaching (April 19/20, 2024), the halving has never been the top of the cycle. Instead, the halving means that mining rewards are cut in half, and the Bitcoin bull market is only just past its halfway point. Admittedly, leverage is currently high, and positions and funding rates have grown excessively, but in the short term, the upward trend may continue. We are in a Bitcoin bull market, and the most critical thing now is to maintain exposure (long positions) until this wave of growth ultimately follows a parabolic trend and collapses under its pressure.The overbought condition in the cryptocurrency bull market often lasts longer than traders expect, and when prices should correct, overbought signals tend to attract more buyers rather than presenting mean reversion, leading to a parabolic rise in prices. According to Tether's model on the impact of Bitcoin prices, an estimated inflow of $1-20 billion from ETFs could have a significant impact on Bitcoin prices. It is estimated that for every additional $5 billion in inflows, the price of Bitcoin could rise by 15%. Furthermore, the shift in asset allocation from Bitcoin spot ETFs to gold ETFs may still be in its early stages."

ChainCatcher news, Kevin Kelly, co-founder of Delphi Digital, stated that technical indicators, macroeconomic data, and other factors suggest that the cryptocurrency market is in the early stages of a new cycle. The upcoming Bitcoin halving event in 2024 may indicate that Bitcoin will reach a new all-time high by the end of next year.At the same time, Kevin Kelly warned that there is no guarantee this cycle will play out in the same way, so the market may experience more adjustments. "The crypto market may see another small sell-off or price consolidation period, especially after the strong rebound over the past 9 months (similar to the second half of 2019)."