It’s been an expensive past three weeks for Bitcoin users.
The post The three-pronged “perfect storm” behind the 1,000% eruption in Bitcoin transaction fees appeared first on CryptoSlate. …
Tag: Bitcoin Halving
Canaan mining firm records $9.4M in Q1, 44% net revenue increase
Canaan mining firm, the second-largest Bitcoin mining firm in its recently released financial report has revealed that the firm made total revenue worth $9.4M in Q1 2020. This translates to a 44% growth compared to its last year’s earnings. Canaan mining firm also revealed, on the other hand, that it incurred $9.3 million and $5.9 […] …
HyperBlock shutdown: Canadian Bitcoin miner closes shop amid slashed mining reward
The Canadian Bitcoin miners have shortened in number, following the report of HyperBlock shutdown. The company is reportedly one of the biggest Bitcoin mining operators, however, it has been forced to close down shop amid the slashed reward for mining Bitcoin and electricity supply. Bitcoin Halving caused HyperBlock shutdown According to a report by Missoulian, […] …
Bitcoin hashrate: Two mining pools control more than 50% of Bitcoin hash rate
New statistics about the source of the Bitcoin hashrate revealed that more than half of the asset’s hashrate is controlled by two mining pools. Recent data suggests that the Bitcoin network has been becoming increasingly centralized between two major mining pools. The mining pools have come to dominate the network’s hash rate after its block […] …
Bitcoin Cash lags behind while XMR, DOGE surge 12%
Bitcoin Cash remains behind while Dogecoin and Monero rapidly rising to 12 percent. A few weeks ago, altcoins, for example, Monero and Dogecoin showed a sharp peak while big ones like Bitcoin Cash continued its sideways movement. Source: BCH/USD. Trading View Last week Bitcoin’s Cash has been experiencing […] …
Data reveals how 2020’s Bitcoin halving has a drastic fundamental difference than the past two
Bitcoin’s now-concluded halving was the talk of the town in 2020. The May 12 event saw immense media spotlight and institutional interest in the broader cryptocurrency space. While some predicted an eventual drop in prices, others cite vastly changed economic and financial conditions than the past halving as a major differentiator. Finally a hedge Matt […]
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Current interest in bitcoin beats two years all-time high
People’s interest in Bitcoin has soared so high in the past tow year. Search on google about Bitcoins (BTC), what it means, what it’s valued, the difference between bitcoin, blockchain, and other cryptocurrencies, hit its all-time high in the past two years. More people have shown interest in buying BTC just before Bitcoin halving in […] …
Justin Sun Tweets Tron just Issued $1.3 Billion in Tether, Here’s What it Means for Crypto
While the broader cryptocurrency market is still reeling from a multi-year bear market since 2017, stablecoins like Tether are seeing action. Billions of dollars in USDT have been issued since its launch and the addition of Tron-backed stablecoin issuance, coupled with the now-concluded Bitcoin halving, signals a volatile period ahead for crypto traders and investors. …
Long Ethereum positions on Bitfinex reach over $300 million
Long Ethereum positions on popular crypto exchange Bitfinex reached a new all-time high, as ETH investors are expecting a bullish market. A recent tweet by Brave New Coin contributor Josh Olszewicz, Long positions for ETH recorded a new milestone on May 12. Moreover, he noted that long Ethereum positions on Bitfinex cryptocurrency exchange now account […] …
Bitcoin community removed $200M worth of BTC from exchanges following Bitcoin halving
The Bitcoin community has removed 200 million dollars worth of BTC from exchanges the first day after the asset’s halving. Following the network’s third halving users removed 23,540 BTC from online exchanges. The move highlights the community’s increased confidence in the asset. The move also continues the trend of Bitcoin investors moving their coins into […] …
Bitcoin trading volume leaps to 5000 percent from 2016
The Bitcoin trading volume has risen by a mindboggling 5000% since the last halving back in 2016. From 2016, Bitcoin’s averaged monthly has risen rapidly. In the previous halving, Bitcoin was selling at $500 or so. Comparing the previous halving to where Bitcoin is at the moment, one realizes the leap it has taken. The […] …
Post Bitcoin halving: Will crypto prices go bullish or bearish?
The entire crypto community now seeks to answer the post Bitcoin halving question about which direction will the crypto price go after the halving. Building up to Bitcoin halving, the last weeks were activities filled as volatility in the crypto market was wild. Considering this alongside other factors, crypto traders and analysts discuss what may […] …
Users blast Coinbase after yet another outage during pre-halving Bitcoin drop
Crypto exchange Coinbase can’t seem to catch a break. The San Francisco-based outfit was under fire on Sunday after multiple users took to Reddit and Twitter to complain about downtime during a very critical trading session. Going down but locked out Bitcoin experienced a 15 percent price drop on Sunday, just 48 hours before halving. […]
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Litecoin LTC price likely to see further losses ahead of the halving, say analysts
With the Bitcoin halving event now within site, scheduled for around 5 PM EDT today, the market is reported mixed results. At the time of writing, Bitcoin is up almost three percent as it climbs towards $9,000 again. Unfortunately, most major altcoins are reporting the opposite. Among the top 10, Tezos is has lost the […] …
Bitcoin’s hash rate climbed 8,100% since the last halving; will history repeat?
Bitcoin’s intense strength seen throughout the past several days and weeks showed some signs of degrading today. This comes after BTC shed over $20 billion off of its market capitalization during its sharp $2,000 decline seen yesterday evening. The benchmark cryptocurrency is now flashing some signs of immense short-term bearishness, as indicated by a few […]
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Bitcoin price breaks major resistance to touch $9,972 amid halving euphoria
Bitcoin price posts a healthy 10 percent gain over the past 24 hours to touch $9,972. Next major resistance stands at $10,500 and $10,900. Daily trading volume rises but BTC halving and institutional investors would decide the next move. Cryptocurrency Heat Map by Coin360 Bitcoin has broken a crucial resistance level and moved above the […] …
Hey reddit! Today we are doing a verified AMA about the Bitcoin Halving at r/IAmA. To celebrate the Halving we are giving away 2 prizes of Half a Bitcoin each.
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Fiat collapse and Bitcoin shortage can trigger next World War, says PlanB
There can be many possible scenarios resulting in the next World War, but Bitcoin shortage couldn’t one of them. However, famed BTC analyst and stock-to-flow model creator, PlanB has said that the entire world could soon plunge into war due to severe economic trauma. A global war may very well start as the fiat currencies […] …
Search data shows “Bitcoin Halving” hits are now 4 times higher than 2016 levels
Bitcoin’s seeing increased retail interest ahead of its upcoming halving event on May 12, if Google’s search trends are considered. Developing countries leading search Unique hits for Bitcoin halving are surging, reaching a historically unseen level. The protocol is scheduled for a reduction in block rewards to miners after May 12, cutting incentives down to […]
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Bitcoin halving is approaching, and it is less than a few days away. Here are Bulls vs Bears opinions about BTC price movements.
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Next BTC bull run to hit $10.5k after $9k plunge
Analysts have predicted that the next BTC bull run will push the crypto to hit $10.5k. This is as BTC in recent times has been showing a glimpse of an imminent bull run as it climbed back to $9k before falling again. However, the most recent $9k bull run the crypto experienced will be remembered […] …
COVID-19 stimulus checks spent on Bitcoin net 35%
When the United States government issued COVID-19 stimulus checks mid last month, many people expressed their intentions to lash out on guns, tigers, and Bitcoin. Those who purchased Bitcoin using their coronavirus stimulus effect, are already reaping the benefits as we head towards the block rewards halving. According to data shared by Coinbase CEO Brian […] …
Trader predicts $0.27 XRP price in June, as crypto exchanges move $17 million worth of XRP
Since the recent $9,000 level attained by Bitcoin, the third-largest digital currency, Ripple (XRP), has been showing good strength in maintaining its $0.21 mark. With XRP price currently sitting at $0.2157, XRPL Monitor bot recently spotted transactions involving vast amounts of the crypto. Total amount transferred above $17 million According to the data from the […] …
Ahead of Bitcoin halving, Stellar (XLM) just broke a major resistance level not seen since 2018
Investors and traders holding Stellar (XLM) may have a reason to rejoice. The payments-based cryptocurrency just broke a significant resistance level and might see a price rise if momentum is sustained. Popular cryptocurrency trader Josh Olszewics, who goes by CarpeNoctom on Twitter, observed Lumens closing above the “Kumo” resistance for the time since 2018. 2D […]
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Forget bitcoin halving event; Is Tether the key reason behind BTC’s resurgence?
Cryptocurrency enthusiasts and investors alike are preparing for the long-awaited bitcoin halving event in a few days. The upcoming halving event will see the amount of new BTC coins entering the market slashed by 50%. The price of the flagship digital currency surged last week and is now a strong challenger for this year’s best-performing […] …
Bitcoin not meant to overthrow fiat, Mastering Bitcoin author
Notable Bitcoin entrepreneur and author of the well-known Bitcoin programming book Mastering Bitcoin, Andreas Antonopoulos, was recently interviewed by BeInCrypto, where he mentioned that the whole perception of Bitcoin replacing fiat is false. From being hailed as a genuinely revolutionary asset class to being referred to as the flight to safety, Bitcoin has won […] …
Crypto market wipes out $14 billion as feared Bitcoin halving dump starts
The crypto market lost $14 billion overnight as the Bitcoin price dropped from $9,200 to $8,600 by more than 6.5 percent. The correction occurred with less than seven days left to go before the highly anticipated block reward halving initiates on May 12. A block reward halving is a mechanism that is triggered once every […]
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Ethereum 2.0 launch and Bitcoin halving are 2 perfect catalysts for a bull run
Both Bitcoin and Ethereum have seen stellar performances from their 2020 lows, both gaining 140 percent since the “Black Thursday” crash seen on Mar. 12 and 13. While impressive, top analysts expect for these two leading cryptocurrencies to head even higher in the months and years ahead, citing the imminence of two of the most […]
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Amidst Bitcoin bullish analysis, high volatility analyst predicts crypto will plunge to $5,250 region
Amidst all the Bitcoin bullish analysis, analyst @blockchainblitz has predicted otherwise, claiming that Bitcoin might actually plunge. Sharing a chat to that effect, he believes that the crypto will plunge […] …
Top Crypto Traders Explain Where Bitcoin Price Will Go After $9,400 Rally
Ahead of the Bitcoin halving on May 12, top crypto traders discuss in-depth both bearish and bullish scenarios for BTC …
April Bitcoin performance beats gold and S&P 500
April Bitcoin performance has seen the digital asset come tops globally after beating gold and S&P 500. However, the three asset classes close the month trading in the green. The […] …
Bitcoin market dominance: A repeat of 2017 Bull Run?
The current Bitcoin market dominance appears to replicate what happened in 2017. With much talk centered on the upcoming Bitcoin halving, the market leader appears to be putting behind the […] …
Why $7,050 is the Level to Watch During Bitcoin’s (BTC) Weekly Close
In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300. At the same time, its trade volume has been dropping together with its dominance in the crypto markets. In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on a slow and tense journey towards $8,000. We also identified a few support zones that include $7,050, $6,900, $6,800 and $6,600. Why $7,050 is the Level to Watch […] …