Bitcoin’s hash rate has decreased by 32% in the past few days as the revenue generated by miners is also substantially less following the halving. This is one of the biggest corrections in history, and it might pose certain security challenges for the network.Bitcoin Hash Rate Drops 32%Bitcoin’s hash rate decreased dramatically in the past five days. Since May 10th, it has dropped by more than 32%, going down from about 136.098 million TH/s to 91.265 TH/s.Bitcoin Hashrate. Source:...
Read More »Many More Bitcoin Investors Are Entering the Fray, Analysts Claim
The bitcoin halving has come and gone, and it appears the crypto community is seeing a whole new wave of traders entering the mix.Bitcoin Has Gained Heavy PopularityAccording to some analysts, more people are beginning to direct their eyes towards the world’s number one cryptocurrency by market cap, which now seems like a relatively valuable and attractive financial tool given its newfound rarity. While bitcoin itself is widely in circulation – approximately 18 million BTC units have been...
Read More »Analysis: HODLing Bitcoin Has Been Profitable in 93.6% Of The Days Since August 2010
With the third-ever Bitcoin halving in the history books, the price of the asset is reacting by a notable 13% surge. As a result, the number of profitable days of holding the primary cryptocurrency has increased to over 93%, according to a data monitoring website.Almost All BTC Positions Are In ProfitBitcoin’s halving historically attracts a lot of attention. This one was no exception. While there were a lot of predictions that the price would tumble mainly because of miner-induced selling...
Read More »Halving Decoupling: Bitcoin Price Soars 9% While The S&P 500 Losses 5%
Bitcoin’s halving is behind us, and its price is nothing but soaring. Moreover, BTC is surging while legacy markets continue their downturn, strengthening the narrative that the cryptocurrency keeps on decoupling.Bitcoin Price Soars 9% in Less Than Three DaysBitcoin’s halving took place a little more than 48 hours ago. At the time, BTC was trading at around $8,550, and it currently changes hands at over $9,300, while the current daily high touched $9400 on Bitstamp. This marks an increase of...
Read More »The Halving Is Over; So What’s Next?
The halving has come and gone, but for some analysts, the mystery is still up in the air, and several people are wondering what the event will produce.What Will Happen Now That the Halving Is Over?For some, the news of the halving doesn’t mean much, and they predict that bitcoin will remain relatively unaffected in the short run. However, they do believe that things could ultimately turn uber-bullish in the coming months. This is a sign of bitcoin’s potential growth and maturity.Garrick...
Read More »Bitcoin Briefly Spikes Beyond $9,000 Only to Fall Back Down Again
Bitcoin is continuing to exhibit heavy volatility this week. Early in the morning yesterday, the currency rose briefly past the $9,000 range once again, though at press time, the currency has fallen back down to about $8,700, suggesting this sudden jump hasn’t lasted.Bitcoin Has a Brief Moment in the SunBitcoin had been flirting with $10K for most of last week, trading in the extremely high $9,000 range and eventually surpassing the $10,000 mark briefly towards the end of the seven-day...
Read More »Das Bitcoin Halving ist durch
Das Bitcoin Halving ist zum Beginn der Woche durchgeführt worden. Zum Wochenende wurde der Preis durch den Hype um das Halving zwischenzeitlich sogar wieder 5-stellig. Doch – wenig überraschend – stiegen einige Investoren zum Wochenstart aus, um ein gutes Plus einzufahren.Bitcoin News: Das Bitcoin Halving ist durchEtwa 20 Prozent ging es im unmittelbaren Zeitraum um das Halving herum runter – einige Daytrader hatten wahrscheinlich die Marktsituation genutzt, um ein schnelles Plus zu machen....
Read More »#879 Letzter Bitcoin Block vor Halving mit Nachricht & BTC Halving zeigt starke Daten
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 879. Heute sprechen wir über folgende Themen: Letzter Bitcoin Block vor dem Halving enthält Nachricht & Bitcoin durchläuft drittes Halving mit starken Fundamentaldaten. 1.) Final Block Mined Before Halving Contained Reminder of BTC’s Originshttps://cointelegraph.com/news/final-block-mined-before-halving-contained-reminder-of-btcs-origins 2.) Bitcoin Exits Third Ever Halving Event with Incredibly Strong...
Read More »Bitcoin Halving Block Reveals Secret Message Concerning The 2020 Financial Crisis
The Bitcoin halving just took place, and the final block revealed a secret message which harkens back to Bitcoin’s genesis block. The last block mined before Bitcoin’s block reward was cut in half contained the following message in its coinbase:“NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.”The message is a direct reference to the message included by anonymous Bitcoin creator Satoshi Nakamoto in the first block ever mined, the Genesis block:Satoshi’s first...
Read More »The 2020 Bitcoin Halving Is Finally Here As Block Number 630,000 Mined
The most anticipated event in the cryptocurrency community has finally occurred as the Bitcoin network just produced block number 630,000.The Bitcoin halving will reduce the daily supply, the inflation rate, and the block rewards for miners. It has also raised serious discussions around the price of BTC.2020 Halving CompletedAfter months of increased discussions and speculation, the third-ever Bitcoin halving just took place at block number 630,000.Naturally, it brings a significant amount of...
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