Bitcoin (BTC) set to outpace altcoins in upcoming breakout: Peter Brandt BTC $BTC PeterBrandt
Predicting that Bitcoin would outperform alternative cryptocurrencies, he wrote,"My bias is that Bitcoin will bury all pretenders. Eventually there will be only one 'King of the Hill,' and it will be Bitcoin.", the Bitcoin dominance rate, which is its market value's share of the total crypto market, reached a 10-month high of 48.90% on April 12 before declining.
notes that Bitcoin block 787,500 will be mined shortly, which means the halving event is about a year away. Bitcoin halving events are autonomous and preprogrammed every 210,000 blocks. Glassnode added that a 14-day average of mean block time estimates that we are 367 days away from the next halving event, given that hash rate is volatile and finding blocks is probabilistic. This gives the estimated date as April 30, 2024.
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