Bitcoin halvings are nothing new, but plenty has changed since 2016. Can the previous network dynamics provide a clue for 2020? With Bitcoin off on an upward rally, many are pointing to the upcoming halving, due on May 12, as the underlying reason. Not unfairly, either. Precedent demonstrates that Bitcoin’s (BTC) price usually ends up…
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Bitcoin price rallied to $9,000 but the TD9 on the daily timeframe and lack of volume show traders are reluctant to buy at these levels. Bitcoin (BTC) price briefly broke above $9,000 as bulls appear to be in the process of trying to quietly move the price above the resistance level. Since Friday trading volume…
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Bitcoin’s price is surging right before the halving event, but will it last? On-chain data may hold the answer. As the coronavirus pandemic continues to unfold and new signs of lockdowns beginning to be slowly lifted in Europe, all eyes in the crypto community are back on the Bitcoin (BTC) halving. The event is only…
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Poolin releases figures showing current hashrate distribution in the lower quartile to calculate miner capitulation after the halving of Bitcoin’s block subsidy. The market for selling hash rate in exchange for Bitcoin (BTC) has undergone staggering growth in the epoch since the last halving. There is almost 100 times the level of competition today as…
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Crypto pioneer Charlie Shrem told Virtual Blockchain Week the combination of the halving and QE will spark a major bull run … but it might take some time. At Virtual Blockchain Week, crypto pioneer Charlie Shrem made a strong bull-case for Bitcoin, saying the combination of diminishing supply due to the halving, and wholesale quantitative…
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A major Bitcoin whale has implied that the upcoming halving is already priced in and BTC price can crash after the reward reduction. The third Bitcoin (BTC) block reward halving is set to occur in 14 days and this event is usually preceded by a powerful rally that many have long forecast would bring the…
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Crypto analyst Mati Greenspan noted the annual inflation rate of Bitcoin would fall from 3.65% to 1.8% once the halving happens in May. Once the Bitcoin rewards halving goes through on May 12, the annual inflation rate of the cryptocurrency will be about half of the global average. As crypto analyst Mati Greenspan noted on…
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Bitcoin price is now facing stiff resistance at $7,800 with less than 17 days remaining before the much-anticipated halving event. The price of Bitcoin (BTC) has been stagnating between $6,600 and $7,200 for a few weeks, but finally, a breakout occurred to the upside, which meant a 10% push towards $7,750. But Bitcoin is not…
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Crypto-social media chatter regarding the halving spiked overnight, after being overshadowed by gold in February and the coronavirus in March. With less than three weeks until the halving, the subject has overtaken the coronavirus as a leading Bitcoin narrative on Twitter — and it’s once again starting to dominate media coverage. On April 23, crypto…
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MicroBT has unveiled its coming series of 100 TH/s miners for the post-halving block rewards, igniting competition with Bitmain. Bitcoin (BTC) ASIC manufacturer MicroBT has revealed its new mining hardware, boasting a hash rate of 100 terahashes per second (TH/s). This product unveiling demonstrates that competition is heating up among major ASIC manufacturers, following Bitmain’s…
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