Bitcoin Halving

In the past, Bitcoin has followed a few predictable patterns when it has split in half. This argument seems to be true for mid-halving events, like the one taking place this month.  The mid-halving event has been bad for Bitcoin in the past, and it may happen again this time. However, it's important to remember that the short-term price action of Bitcoin will still be hard to figure out.  This article will remind our readers about the halving phenomenon, its…

Hedge fund manager Mark Yusko is not concerned with the recent Bitcoin dip. The oldest and most significant crypto dropped to $56,000, 16% below the all-time high of $68,000. Despite that, Yusko thinks that Bitcoin is still on its way to reaching $250,000. Mark Yusko, CEO of hedge fund Morgan Creek, explained why he thinks Bitcoin could reach a per-coin price of $250,000. He did not pull that number out of the air, said the hedge fund manager and Bitcoin…

Halving events remind that Bitcoin can end mishandling of global monetary policies.  The US Central Bank poured fiat to the commercial banking system now at $7.17 trillion. Paul Tudor Jones of Tudor BVI applauded Bitcoin's growing role as a hedging asset.  Peter Schiff warned that the Fed has lost its credibility.  Embrace monetarism or choose Bitcoin as a firm, safe haven for money.  On May 11, 2020, a miner took Bitcoin's 630,000th block out of its digital depths, earning a…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $264 billion. Bitcoin resurges after pre-halving scare drop and nears $10,000 level again. The Bitcoin halving took place on the 11th of May at block 630,000 Ethereum price rebounds and surpasses the $200 threshold again. XRP price recovers after a 7% drop last week to go over the $0.20 barrier Crypto Trends 11th -…

Bitcoin has been trying to surge past its current psychological price level ($10k) such that the two attempts in the past week were unsuccessful. The second attempt encountered serious rejection, leading to a decline to price levels as low as $9.2k, a level which has been attained several times within some days. Some investors have been heedful due to the lukewarm price action of Bitcoin and the possibility of additional downside movement, with a reference to its loss of the…

Bitcoin halving has been successfully completed after being heavily publicized and the emergence of several speculations regarding its possible influence on accumulation. Accumulation rates of cryptocurrencies have been rising for some time now, even following the event that reduced Bitcoin supply. The top holder model of Santifeed monitored the largest addresses for each ERC-20 token and it was realized that they were either hodling or accumulating greater total supplies over time. That is, the result shows that the majority of the…

Ethereum has been proving itself worthy where we have Bitcoin, the decentralized currency, but when it comes to price, it is still behind Bitcoin which is the largest crypto on the market. Since January 2020, Ether, the currency undertone of Ethereum, has been distinguishing itself from Bitcoin. Its price started skyrocketing when the year started but after the halving event of Bitcoin, it seems to be pulling away from it. After the halving event, the prices of cryptocurrencies started reacting immediately,…

Bitcoin’s third block reward halving was completed on May 11 at the 630,000th block and the spot price incurred awesome bullish and bearish pressures as the F2pool miners took the last block reward of 12.5 BTC. Following the halving, Bitcoin Cash and Bitcoin SV networks recorded serious declines and this led to widespread speculation regarding a similar trend for Bitcoin. Nevertheless, it seems Bitcoin’s network is stronger than its forks. BCH and BSV networks recorded a great decline in hash rate after their halving which happened on…

Should investors buy BTC now that the bitcoin halving has concluded? We look at various arguments from top crypto analysts to gauge what actions you should take now. The just-concluded BTC halving has come at a time when institutional markets and individuals are investing in bitcoin more than ever before On May 12, 2020, bitcoin underwent the much-awaited 3rd halving event, which led to the number of new coins awarded to the computer wizards who "mine" the cryptocurrency being cut in…