DigiByte (DGB) was propelled into the top 30 cryptocurrencies by market cap on May 5, after recording 930% growth against the dollar in under two months. This sudden growth spurt by DigiByte is all the more surprising considering the coin is not, and has never been, listed on the largest Read more…
The Cambridge Centre for Alternative Finance has launched an interactive map that shows the average monthly Bitcoin hash rate in different countries. Roughly two-thirds of Bitcoin mining activity is still concentrated in China. The researchers used geolocation data of mining pools BTC.com, Poolin and ViaBTC. The Cambridge Centre for Alternative 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…
Galaxy Digital CEO Mike Novogratz says that institutional money is now flowing into Bitcoin (BTC) during his recent appearance on CNBC’s “Closing Bell.” According to the former Wall Streeter, many hedge funds are expected to make announcements about adding the benchmark cryptocurrency to their baskets of assets: We are seeing lots of Read more…
Bitcoin on April 29, reached the $8,000 mark for the first time since Mid-March and a vital factor behind the surge is attributed to the incoming halving event. The Bitcoin halving event has a proven track record of spiking the price value of the digital coin pre and post-event as Bitcoin Read more…
With the Bitcoin halving coming closer (in about a week), more and more investors seem to be jumping on the BTC bandwagon. Despite the fact that Bitcoin failed to make the final leap to cross $10,000, one crypto trader and popular YouTuber states that reaching $20,000 is a matter of time due Read more…
Bitcoin holders, developers, users, investors, and speculators are poised for the third Bitcoin Halving, which is merely days away. Slated for May 12th, the event will cut miner block rewards in half from 12.5 to 6.25 bitcoins, with new coins added to the network every 10 minutes. The annual inflation Read more…
Bitcoin bears were brutally shaken out by the recent pump past $9k. This is because most of them have been short on the market since mid $7k and hoping for a reversal. During that entire time, I have been bullish on the market and had been anticipating a retest of Read more…
Bitcoin’s shadow on the larger cryptocurrency market continues to loom large, something exhibited by the market’s latest price movements. Following the king coin’s massive move over $9,000, most major altcoins buoyed in bullish movement, chief among them being Ethereum, the altcoin market leader. Ethereum climbed over $220, a price point Read more…
A necessary correction – that is the best definition of what happened on April 30, which saw a setback after cryptocurrencies went too far, too fast. Nevertheless, holding onto most gains shows that the trend remains positive. Stock traders are all too familiar with wild movements at the end of Read more…