Day: May 6, 2025

What is Bitcoin Halving and Why does it Matter?

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Bitcoin halving cuts miner rewards every four years. So, what is Bitcoin halving, and why does it matter in Bitcoin’s principles?

 

Bitcoin halving is a built-in event that occurs approximately every four years in Bitcoin’s blockchain network, where the rewards for mining Bitcoin are slashed by 50%. Traders observe this event to understand BTC’s supply, demand, and price insights. Bitcoin halving defines market dynamics and investor sentiment.

As a result, one ought to understand and mark this key event while planning their long-term BTC investment strategy. BTC halving happens on-chain and is embedded in Bitcoin’s code. This means no single entity can control or tamper with it due to Bitcoin’s decentralized nature.

 

Why does Bitcoin halving matter?

Bitcoin halving is more than a technical update on the blockchain. The most recent event occurred in April 2024, cutting miner rewards from 6.25 to 3.125 BTC per block. Each halving minimizes Bitcoin’s supply amid growing demand. Historically, post-halving events have seen major bull runs for BTC.

Bitcoin’s supply is capped at 21 million coins, and each halving boosts the countdown to the total supply, thus solidifying BTC’s scarcity principle. This is a market-moving event that investors anticipate as Bitcoin ascends to a “digital gold” status fueled by growing adoption.

 

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partyushgoyal

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New Hampshire Becomes First State to Enact BTC Reserve Legislation

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New Hampshire made history as the first U.S state to enact a strategic Bitcoin reserve bill into law.

 

In a historic moment, the U.S. state of New Hampshire has caught global attention following its completion of the strategic Bitcoin reserve legislation process.  After passing the committee stages, the state’s Bitcoin bill, HB302, was passed to Governor Kelly Ayotte for signing. Following her signature on the 6th of May,2025, the legislation is officially a law.

According to her official announcement on X (formerly Twitter):

 

New Hampshire is once again First in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals.

 

This Law makes New Hampshire the first U.S. state to allow its treasury to invest up to 5% of its reserves in Bitcoin, the “digital gold,” and other precious metals. Arizona has been leading the strategic reserve race, but lags following Governor Hobbs’ veto.

This law comes as a bold step to appreciate and advance the role of digital assets in the evolving digital finance and global payments. While other states progress through their committee stages, New Hampshire goes down in history as a champion of digital assets and the financial revolution in the crypto space.

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partyushgoyal

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KULR Technology Group Adds 42 Bitcoins amid Impressive YTD Gains

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Public company, KULR Group, has added 42 bitcoins to its reserves while recording impressive 197.5% gains YTD.

 

KULR Technology Group, the public company that provides energy management solutions for aerospace, space, and defense applications, has revealed surprising returns on BTC investment. According to its latest announcement, KULR Group has accumulated 42 more Bitcoins, bringing its total holding to 716.2 BTC. Per the CEO & Co-founder, Michael MO on x (formerly Twitter);

 

KULR has acquired 42 BTC for ~ 4 million at ~ $94,403 per #bitcoin and has achieved BTC Yield of 197.5% YTD. As of 5/6/25, we hodl 716.2 $BTC acquired for ~ $69million at ~ $96,342 per bitcoin. $KULR

 

With over $69 million worth of BTC in its treasury, KULR has recorded a 197.5% year-to-date (YTD) yield, signaling how strategic BTC investments could shape a company’s revenue. Global Companies are accumulating Bitcoin for their reserves in a bid to leverage the growth of digital assets in the coming years.

Investors are impressed by KULR’s investment strategy as Bitcoin’s bullish momentum gains strength. The yield positions the company among the top bold believers of BTC’s long-term growth and its role in the shifting digital economy.

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partyushgoyal

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BlackRock Weekly Bitcoin Accumulation Hits $2.5 Billion

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Blacrock has been accumulating Bitcoin at a high rate, signaling heightened institutional demand and adoption.

 

BlackRock, the world’s largest asset manager, with around $11.58 trillion in assets under management, has caught the market’s attention following its bold Bitcoin strategy. The institution’s rate of BTC acquisition has raised eyebrows as investors anticipate a bullish rally and potential market supply shock driven by demand.

According to on-chain data, Blacrock has acquired BTC worth $2.5 billion in just one week. In the past 7 days, there have been multiple transactions from Coinbase Prime to the IBIT ETF wallet, suggesting aggressive accumulation.

 

Source :X

 

What does this mean for BTC?

As traditional investors seek exposure to Bitcoin through ETFs, institutional acquisition of BTC is projected to rise in the following months.  With Bitcoin exchange supply draining steadily, the market could see a supply shock triggering a BTC rally towards the $100k mark and beyond.

Additionally, this suggests growing mainstream crypto adoption. Bitcoin is joining traditional balance sheets while positioning itself as a hedge against inflation and economic uncertainity.

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partyushgoyal

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Cardano Faces Price Rejection Signaling Caution Ahead-What’s next for ADA?

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Cardano has faced price rejection around the $0.70 key resistance zone on its descending channel. Technical analysis hints at further downside if the bearish pressure persists.

 

Caradano has been flashing signs of strength in the past week as bulls hold strong in anticipation of ETFs’ approval. However, amid rising odds of ETF approval, Cardano bears could be taking charge as bulls get exhausted at the $0.70 zone. As of this writing, ADA has faced price rejection in this zone following a price uptrend in the past 48 hours.

Source: X

Looking at the 3-day chart, Cardano has tested the $0.68-$0.71 resistance zone on its descending trendline. Following a price exhaustion, the bears are pulling back, changing the coin’s momentum. Technical indicators signal strong bearish momentum, as the MACD (12,26) and moving averages flash a “strong sell”.

With the Relative Strength Index at 43, Cardano is approaching the oversold zone and has potential for price reversal. However, according to crypto analyst Ali Martinez, if the bearish pressure persists, ADA could drop further to $0.63, eyeing the  $0.54 support zone.

One should watch out for ADA’s fundamentals, buying volume, and technical indicators at this level for further insights.

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partyushgoyal

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