The argument surrounding next month’s highly anticipated bitcoin halving is revving up.The Bitcoin Halving: Could Be Bad, Could Be GoodThe bitcoin halving is slated to bring the number of block rewards garnered by bitcoin miners down by half. The event is designed to control inflation and ensure bitcoin maintains a level of rarity that keeps it popular and useful in today’s growing financial markets.While bitcoin has halved before, this event seems to be garnering more attention than past...
Read More »Interest in Bitcoin Rising: 430,000 New Wallets Created Over The Past 90 Days
The number of Bitcoin addresses containing more than 0.01 BTC has increased substantially in the past two months. The question remains if the reason behind it is the upcoming Halving in May, the economic uncertainty caused by the COVID-19 pandemic, or both.BTC Addresses Go UpThe popular cryptocurrency monitoring resource, Glassnode Insights, provided a chart regarding the number of Bitcoin addresses with at least 0.01 BTC in holdings (worth approximately $69 at the time of this...
Read More »The Number Of Bitcoin Whales Holding Over 1,000 BTC Is At 2-Year High Right Before The Halving
With the third Bitcoin Halving just around the corner, the number of BTC whales is on the rise again, similar to what happened before the previous one in 2016. Individuals and entities owning at least 1,000 of the primary cryptocurrency are currently at a 2-year high.BTC Whales Accumulate Before The Halving?The Bitcoin Halving is one of the most anticipated events in the cryptocurrency community this year. It will slash the block rewards for miners to 6.25 BTC per block. It’s scheduled to...
Read More »The Bitcoin Halving Will Be Preceded by BCH and BSV Halvings
Analysts are predicting that April of 2020 could be a huge month for bitcoin and all its “offshoots.”Will the Halving Help or Hinder Bitcoin?Bitcoin is set to undergo a halving event in May, which up to this point, was slated to stretch the currency’s price beyond the stars and give it immeasurable power. However, as of late, the currency’s price appears to be gasping for air thanks in large part to the coronavirus-related panic that has brought down the world’s financial markets these past...
Read More »Tone Vays: Bitcoin Bottomed, Will Be Surprised To See It Under $6,000
Popular cryptocurrency commentator Tone Vays believes that Bitcoin has already reached its yearly bottom when it hit $3,700. He continued his positive prediction noting that BTC might not even dip below $6,000.Tone Vays: Bitcoin Already BottomedThe egregious circumstances caused by the COVID-19 pandemic led to extremely high levels of volatility in all financial markets in March. Naturally, the cryptocurrency market is amongst the leaders in terms of violent fluctuations. During the most...
Read More »Halving and COVID-19 Crisis May Lead To Miners War With Devastating Effects On Bitcoin Price
Bitcoin’s price is a subject of serious speculation. Now that the halving is just around the corners, experts and analysts are even more active.While the majority of people rely on history as an indicator, there are those who believe that Bitcoin’s price will crash following the halving. In fact, some believe that the event, combined with the ongoing coronavirus crisis will cause a massive competition among miners with devastating effects on BTC’s price.Bitcoin Miners War Post...
Read More »Bitcoin Loves Q2: With 66% Average ROI, Only Once Since 2014 Q2 Ended Red
With the start of April, Bitcoin is entering its best performing quarter of the year. History shows in five out of the last six Q2s, the primary digital asset has been well in the green.This year’s Q2 marked a 10% increase in a few days as well, and the community wonders if another positive price development is to come.Historic BTC Q2 DataThe popular cryptocurrency monitoring resource, Skew, recently examined Bitcoin’s quarterly returns since 2014.Bitcoin Quarterly Returns. Source: Skew.comAs...
Read More »Bitcoin Halving Is 42 Days Away, Hash Rate and Miners Lose Force
Bitcoin is believed to enter the miner capitulation stage, where hash rate and price drop significantly. However, some researchers claim that Bitcoin price is independent of the halving cycles, as well as of hash rate.Per TradingView general manager Pierce Crosby, the programmatic price limits have significant influence over the Bitcoin hash rate. The lower the price per coin, the lower the profits from block mining. Crosby believes that part of the network’s rigs will slow down, causing a...
Read More »#848 Bitcoin Nutzung sinkt, Binance Kauf Coinmarketcap 400 Millionen & BCH, BSV, BTC Halving
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 848. Heute sprechen wir über folgende Themen: Bitcoin Nutzung sinkt – Kommt noch ein Dump – Binance will Coinmarketcap für 400 Millionen Dollar kaufen & Halving wird Miner zu BTC zwingen. 1.) Bitcoin Usage Tumbles As Price Volatility Kicks In Hard – Is A Gigantic Dip On The Horizon?https://zycrypto.com/bitcoin-usage-tumbles-as-price-volatility-kicks-in-hard-is-a-gigantic-dip-on-the-horizon/ 2.) Binance will...
Read More »Bitcoin HODLers: BTC Daily Transfer Volume Hits 15-months Low
Bitcoin (BTC) and the general cryptocurrency markets are yet to fully recover from the massive sell-off on March 12, which left traders and hodlers scratching their heads as they watch the entire gains so far in 2020 being wiped off the board. Data gathered at that time suggested that the majority of sellers who rushed to sell their coins due to panic did so at a loss. The report further revealed that hodlers who had kept their BTC holdings in personal wallets started un-hodling by moving...
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