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In mid-April, news.Bitcoin.com researched the popular stock-to-flow (S2F), which shows the price of a single bitcoin reaching $55K and even six figures. At the time, analysts questioned measuring bitcoin’s price in this manner and more recently, a few others have been criticizing the method as well. Just recently, a research report written by the author … Read more
Bitcoin price is holding below $10,000 after the halving as the bullish and bearish scenarios are starting to take shape. Go to Source Powered by WPeMatico
Bitcoin’s resiliency following its halving suggests that many investors have started looking at it as a legitimate hedge against inflation Go to Source Powered by WPeMatico
Revenue for Bitcoin (BTC) miners plunged 48% a day following the third halving, as the full impact of the periodic supply cut event began to take effect. According to data from crypto company Blockchain, the total value of block subsidies and transaction fees paid to miners crashed to $8.95 million on May 12 from $17.16 … Read more
A return to five figures was fleeting as Bitcoin filled the largest CME futures gap ever, erasing last weekend’s 15% crash. Go to Source Powered by WPeMatico
$220 million in Bitcoin has left exchanges since the halving. Do users not trust exchanges or simply see it as a store of value? Go to Source Powered by WPeMatico
In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn since May 11. Additionally, statistics from Bituniverse’s exchange reserve data indicate … Read more
Bitcoin community removes $200M worth of BTC from exchanges the first day after the halving. Go to Source Powered by WPeMatico
On May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect on the mining industry and right now bitcoin transaction fees have risen exponentially. Despite the rising fees, the research firm … Read more
Bitcoin network hash rate experienced some decline, but the first difficulty adjustment post-halving will still see a positive adjustment Go to Source Powered by WPeMatico
