Tag Archives: Bitcoin-Halving

Bitcoin is currently trading in the $9,900 range, though it did hit $10,000 briefly during yesterday’s early morning hours, suggesting that for a brief period, the world’s number one cryptocurrency by market cap managed to regain all its losses of the past three months.Bitcoin Is On the Verge of Striking It BigBitcoin has been on a serious roller coaster ride since late February. At that time, the currency was trading for well above $10K, though by the time early March rolled in, the asset...

Another popular cryptocurrency analyst believes that it’s entirely plausible the price of Bitcoin to plunge following the halving. He argued that exchanges offering futures trading will induce the biggest sell pressure on the market.BTC Price To Drop Because Of ExchangesWith the third Bitcoin halving scheduled to take place only a few days from now, speculations regarding potential price effects continue to spiral. Popular on-chain analyst, Willy Woo, believes that after the event, miners...

Bitcoin is doing extremely well at press time, but many analysts are warning traders not to get too comfy just yet.We Need to Keep an Eye On BitcoinAs we all know perfectly well by now, bitcoin has proven to be one of the world’s most volatile assets. It can spike to unprecedented levels just as quickly and easily as it can drop. We’re witnessing this behavior all over again as of late. The currency – after falling into the high $3,000 range just under two months ago – is now trading at...

The upcoming bitcoin halving is like a New Year’s Eve celebration for most crypto enthusiasts… Literally.The Bitcoin Halving Is a Big EventApparently, there will be a countdown that starts on May 11 – the day before the event is set to occur – and then things end just after midnight, as by then, the halving will have taken place and block rewards will have been reduced from the present 12.5 BTC to 6.25.Whether people engaged in the countdown wear party hats and drink champagne is up for...

The majority of Bitcoin holdings are currently in a profitable position following the recent rally of the largest cryptocurrency by market capitalization, data from on-chain data provider Glassnode shows. The UTXO Realized Price Distribution (URPD) metric from the data firm puts the proportion of the moneymaking Bitcoin at 81%.What Is UTXO Realized Price Distribution and Why Does It Matter?UXTO is short for unspent transaction output. It can be simply related to the change you receive when...

Analysts are going crazy thinking about what May 12’s bitcoin halving will bring to the table. Another bunch of analysts have rung in with crazy predictions, and some believe the currency will extend beyond the all-time high it reached in late 2017.The Halving Will Take BTC to New LevelsThree years ago, bitcoin was on a rally unlike anything traders had ever seen. Each month brought on new gains of hundreds to thousands of dollars, and by the end of the year, the currency was trading for...

A company has released a new token that allows people to earn gains whenever bitcoin falls. The company is a Swiss blockchain enterprise known as Amun, and it seeks to provide customers a chance to earn money whenever bitcoin undergoes “inverse price movements.”Amun Has Released an Interesting Token ProductThe token is based on an exchange-traded product (ETP) that was released by Amun back in January. In an announcement, the company explains:Typically, these purchases are short-term in...

A record-breaking number of 210 Bitcoin options contracts were traded yesterday on the Chicago Mercantile Exchange, which set up a new all-time high of nearly $10m. Of the total amount, 202 contracts were May calls (bullish), while 8 were May puts (bearish).CME Bitcoin Options Volume On The RiseCME launched options on Bitcoin in January this year. Despite a promising start with massive volumes, the platform has struggled to maintain consistent numbers of traded contracts.Moreover, following...

Sun Kissed Industries, Inc.’s Numuni Inc. subsidiary says that it sees bitcoin mining as a key source of revenue for its digital media platform.Numuni Is Getting Into Mining At an Odd TimeThe company works to ensure digital content creators garner funds for their work. The company recently put out a statement suggesting that it may get into bitcoin and cryptocurrency mining in the coming weeks, though it’s probably not thinking everything through.For one thing, miners are about to lose a lot...

Prominent American economist and well-known Bitcoin critic, Peter Schiff, believes that the price of the asset will drop following the upcoming halving. He reasoned that the demand will fall after the event, which will result in a bearish BTC future.Schiff Predicts A Price Drop For BTC (Again)As Cryptopotato reported recently, the primary cryptocurrency is outperforming gold in terms of yearly gains. Although both assets have marked increases in 2020, BTC is up by 23%, while the precious...