Tag Archives: Bitcoin-Halving

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – has shot up to just under $9,900. About $100 more to go and bitcoin will have again struck the $10,000 mark this year.The Bitcoin Price is ExplodingIt’s hard to say whether the asset – should it hit the five-figure range – will remain above $10,000 for the rest of the year. To be perfectly fair, the jump to $10K has been relatively slow and steady this time around, and it’s taken much of last week to hit...

It looks like interest in bitcoin may be on the lower end of the spectrum, which is likely giving the world’s number one digital currency by market cap an opportunity to edge its way into bullish territory according to some analysts.Affection for Bitcoin Appears to Be SlippingThe third bitcoin halving took place during the first half of May, and despite all the hype and hoopla surrounding the event, it really didn’t amount to much. In fact, more occurred during the actual leadup of the event...

The continuous rise of institutional interest towards the cryptocurrency industry is exemplified by Grayscale Investments’ record Q2 2020 earnings report. The large digital asset management company announced today that it had received total investments in Q2 of over $900 million – $400 million more than its previous record.Grayscale’s Best Quarter To dateThe company, primarily oriented towards institutional investors, published its Q2 2020 results earlier today. It indicates that Grayscale...

There has been very little action on crypto markets over the past 24 hours. The majority of high cap coins are cooling off again following minor movements over the weekend.Bitcoin is no exception, remaining range-bound as the tedium continues. BTC managed to top $9,300 again a few hours ago but has since declined back below $9,180, which is still within its channel of consolidation.The longer-term support zone is at the $8,800 level, so a break below this could see things go south very...

Cryptocurrency appears to be garnering more and more attention as the coronavirus spreads. According to crypto lending platform Block Fi, the company’s monthly revenue has doubled since cases began to spike, suggesting that more people are beginning to see BTC and other forms of crypto as the ultimate way of hedging their wealth against inflation and other economic problems.Block Fi Is Heading for the TopHowever, in a blog post, the company suggests that the bitcoin halving that occurred at...

Investing is a serious endeavor that requires comprehensive research, experience, and reasons behind each decision. Popular cryptocurrency proponent Brandon Quittem recently decided to list 12 reasons people should buy Bitcoin.Performance, Chaos, CuriosityQuittem firstly outlined Bitcoin’s past performance. More specifically, he referred to the last decade, where the primary cryptocurrency became the best performing asset. As CryptoPotato reported earlier, BTC marked ROI of nearly 8,900,000%,...

Canaan Creative has some monster-sized decisions to make if it wants to stay in business and compete with the likes of Bitmain and other mega mining ventures.Canaan Creative Isn’t Where It Needs to BeCanaan Creative is arguably the second-largest crypto mining firm in China after Bitmain, and yet the company isn’t doing so hot since the halving. Stock shares in the company have fallen well below the two-dollar mark, suggesting that people just aren’t interested in the company’s equipment – or...

The average time required to confirm a Bitcoin transaction has plunged significantly in the past month. Simultaneously, the average transaction fees continue to drop after reaching yearly-high following the 2020 halving.BTC Average Transaction Time PlungesData provided by Blockchain.com shows that the average time needed for a BTC transaction to be included in a mined block and added to the public ledger has experienced a massive decrease since mid-May.BTC Transactions Average Confirmation...

Recent data indicates that the number of Bitcoin whales (containing more than 1,000 BTC) has grown by nearly 9% in the past year. Interestingly, even after the completion of the third halving, whales continue to accumulate, which contradicts with their past performance.BTC Whales On A Shopping SpreeData provided by the monitoring company Glassnode displays the yearly performance of Bitcoin whales.Bitcoin Whales (Addresses With Over 1,000 BTC). Source: GlassnodeThe number of BTC addresses...

Recent data indicates that Bitcoin transaction fees have been decreasing after the post-halving peak, while Ethereum fees are on the rise. As such, the total amount in fees spent on the Ethereum network has surpassed Bitcoin’s, and the gap continues to grow.The “Feepening” Ethereum Vs. BitcoinAccording to information from the cryptocurrency data company Glassnode, the daily Ethereum network fees surpassed Bitcoin’s on June 5th for just the second time this year. At that point, the amounts...