The three-pronged “perfect storm” behind the 1,000% eruption in Bitcoin transaction fees

It’s been an expensive past three weeks for Bitcoin users.
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Unlike 2016, analysts say Bitcoin won’t see a brutal post-halving crash for 2 reasons

On March 12, 2020, during the infamous “Black Thursday,” the price of Bitcoin (BTC) dropped to as low as $3,600 across major exchanges.
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Derivatives traders still interested in altcoins despite volatility

Leading crypto Bitcoin and the second-largest coin according to market cap, Ethereum has endured struggles in recent weeks in the crypto market, with both failing to surmount their respective resistances. Presently, Bitcoin has its resistance set at $10,000, while Ethereum has its resistance pegged around the $220 mark. Coin has tried and failed to break […] …

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 […] …

Reddit Co-Founder Claims We’re Entering “Crypto Spring”

As the coronavirus spurred on a rampant amount of economic uncertainty, the Bitcoin seemed to have gained newfound momentum after halving itself in value within […] …

Bitcoin whale: Most anticipated Bitcoin price decline now here

One of the most famous and influential Bitcoin whales who placed a bet on Bitcoin price decline on the crypto exchange website, Bitfinex, is back. The analyst and big-time investor got rid of his account on social media Twitter a few days back, citing that the publicity he enjoys on the app has done more […] …

Bitcoin exchange exec: Chinese government was trying to suppress BTC’s price in 2013

While many don’t know it now, there was a time when China was a hub for all things Bitcoin.
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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 […] …

Adjusting Bitcoin mining difficulty can bring down high fees

Adjusting Bitcoin mining difficulty is likely to bring down runaway BTC transaction fees. The biggest cryptocurrency by market capitalization and market share has seen its fee hit the roof this year. However, there are still hopes that the trends can be reversed by changing the mining algorithm. The high fee problem is not restricted to […] …

Bitcoin sees declining network health despite price rally towards $10,000

Bitcoin’s macro uptrend seen throughout the past two months has now led it to enter a consolidation phase as it struggles to surmount $10,000. Analysts are widely watching to see how it ultimately responds to the coveted five-figure price region, as another firm rejection here could prove to be enough to spark a short-term downtrend. […]
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Options data: Big Bitcoin traders are still betting on a “retrace” despite halving

It’s been quite the past few months for Bitcoin. In the face of a recession — a recession that central bankers are saying will be the worst in modern history, potentially worse than the Great Depression — the cryptocurrency market has not only rallied, but it has also seen positive news flow. So positive, in […]
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Top Bitcoin Analysts Expect Rallies Worth 100-400% within 18 Months

Bitcoin has seen some incredibly turbulent times for 2020. The year hasn’t even come halfway, but the world’s first cryptocurrency has seen lows of $3,700  […]
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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 […] …

CME’s Bitcoin Trading Products Record High Figures

Reports revealed that there were unprecedented trading numbers at the Chicago Mercantile Exchange (CME). According to the reports, this rise in trading numbers was recorded […]
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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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Litecoin Price Prediction

What is Litecoin? Dubbed “the cryptocurrency for payments,” Litecoin is a virtual currency that seeks to facilitate payments over the internet. Forked from the bitcoin blockchain in the year 2011, Litecoin was born to enable instant payments, something that Bitcoin was unable to do due to its slow transaction confirmation times. For instance, a transaction […] …

Ethereum Price Prediction: Shaping Fundamentals for 2020 – 2030

What is Ethereum? Blockchain, for purists, represents perfection, efficiency, independence, and transparency. These are ideals through which centralized systems are supposed to be built on. However, that has not been the case. The failure of banks to protect the user was incensing and led to the creation of Bitcoin, the most dominant in the crypto […] …

Here’s why Bitcoin isn’t out of the woods yet despite rally to nearly $10k

Bitcoin saw some explosive momentum overnight that allowed it to briefly tap highs of $10,000 before settling back into the mid-$9,000 region. This movement came about after an extended period of sideways trading within the upper-$8,000 region, and the bullish resolution to this consolidation has led many analysts to target a move back up to […]
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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 […] …

Bitcoin Price Prediction: BTC/USD Above 9,500; Could This Be A Way To Higher Ground?

Bitcoin (BTC) Price Prediction – May 14 The Bitcoin price steps above $9,500 to confirm a return of the bulls into the market after recovery […]
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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 […] …

Just after halving, Bitcoin whale moved over $400 million in BTC with $1.78 fee

Another instance of why the Bitcoin and any other cryptocurrency communities prefer digital currencies to fiat currencies has just played out again. Today, a Bitcoin dedicated transaction tracker bot, BitcoinBlockBot, spotted hundreds of million US dollars moved by a Bitcoin whale. Bitcoin whale moved over 47,000 BTC Following the data shared by the bot on […] …

Tweets Show Bullish BTC Sentiments After Halving Event

It finally happened. Bitcoin’s halving event came, and it had less of a bullish effect that some had expected. In the past, a halving led […]
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Bitcoin goes through the “most brutal” halving ever recorded; here’s why

One of the most anticipated events of 2020 within the cryptocurrency industry has taken place. Bitcoin underwent its third halving after AntPool successfully found block 630,000. Now, the rate of issuance of the flagship cryptocurrency has dropped by 50 percent. Consequently, miners will be rewarded 6.25 BTC per block for the next four years, which […]
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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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Sorry bulls: On-chain metrics show Bitcoin is highly bearish ahead of halving

Bitcoin’s halving is finally here. After years of waiting, the long-awaited event has arrived that will see the number of coins issued per block cut in half — hence “halving — from 12.5 to 6.25. Although BTC investors on Twitter and other forums are claiming they’re over the moon about the halving, on-chain data paints […]
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Bitcoin trending on Chinese Twitter, a good omen?

In two weeks, the Bitcoin trending topic on Chinese Twitter is observed by those who can read Chinese characters. Although the Chinese Yuan might be prohibited in the Republic of China, however, that has not stopped the residents of China from discussing cryptocurrency. This was clarified yesterday by Samson Mow, the CSO of Block stream. […] …

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 slump triggers sales worth US250 million

The recent Bitcoin price slump has seen major traders and investors cash in on their assets with USD 250 million worth of Bitcoin sold according to data put forward by crypto analyzing firm, skew. With two days to go before the halving, bitcoins volatility in the digital assets market has seen it drop as low […] …

Bitcoin price dips slightly – Deeper pullback or perfect buying opportunity?

Halving interest has sustained Bitcoin price near $9,700 support. MACD and RSI are gearing up to witness fresh buying action after today’s slight dip. Key support levels have maintained solid bottom to weather out any selloff. Cryptocurrency Heat Map by Coin360 The strong up move on Thursday pushed Bitcoin price above the key $10,000 mark, […] …