Bitcoin (BTC) price dropped from $10,000 to $8,100 within just over a day, as it plunged by 9% in a single hour. It liquidated $200 million worth of shorts, obliterating the futures market. The three key reasons that triggered the immense Bitcoin correction were: strong multi-year resistance area above $10,000, Read more…
The market after a strong week has made a huge retracement. In the last 24 hours, the market has wiped out over $25 billion. For many cryptocurrencies, this has seen them wipe out their weekly gains. For Bitcoin, the asset has suffered a more than 10% drop. At the time Read more…
The cryptocurrency suffers from all the problems it has always had and that may never change. But digital currencies more broadly may be about to take off. How is bitcoin getting on? By its own standards, bitcoin has achieved a certain stability, in that its price in recent weeks – Read more…
Google searches for “Bitcoin halving” have hit an all-time high, far exceeding the spike associated with the previous halving event by 350%. Searches for the Bitcoin (BTC) halving event have reached 100 on Google’s normalized scale, indicating their highest-ever value. At the time of the last halving in 2016, this value was at Read more…
The cryptocurrency space is in high spirits as the third Bitcoin halving approaches. Investors and BTC holders alike also have high expectations as they expect a bull run both before and after the lockdown. Such expectations, however, should be held with caution as the bull run may not be all roses. This Read more…
Ledger matched a record sales day when the Fed cut rates and announced a quantitative easing program. Since the announcement, the cryptocurrency market has gone up. The Bitcoin block reward halving may be driving more consumer and institutional interest into the crypto market. On March 15, the decision by the Read more…
CoinShares, a crypto investment advisory firm released a research report discussing various outcome scenarios of the upcoming Bitcoin block reward halving and its impact on the crypto industry. The halving event has brought back the attention on Bitcoin more than ever as it is evident from Google metrics data showing Read more…
Bitcoin’s block reward halving is here at long last. Estimates suggest that the event is a mere seven days out from taking place. The halving is an event that will see the number of coins issued per Bitcoin block cut in half from 12.5 to 6.25. This will result in an instant 50% Read more…
US Treasury is borrowing more cash Bitcoin halving coming soon Will BTC hit $100,000 before 2022? The next Bitcoin halving is expected in seven days. Meanwhile, Bitcoin has broken above the $9,000 mark and BTC dominance on the market has surged by almost four percent. The US Treasury intends to borrow $3 Read more…
Those who invested their government stimulus checks in Bitcoin in mid-April have already been rewarded with 35% gains. The price of Bitcoin reached $9,000 on May 5, making those checks now worth $1,610. But will the halving change things? Those who purchased Bitcoin with their coronavirus stimulus checks have already Read more…