Just before halving, Bitcoin's Hash Rate almost reached its new ATH. Unfortunately, shortly after halving (as expected by many analysts), drastic drops was recorded. According to data provided by blockchain.com, the 7-day average HR value of the BTC network increased for the first time since May 11th. Although small, as only 1% of the rebound may suggest a slow stabilization of this very important indicator.
As you probably know, today is 10th Bitcoin Pizza Day. What is it? It's the 10th anniversary of buying two pizzas for 10,000 Bitcoins.
Bitcoins were transferred from a wallet that might have belonged to Satoshi Nakamoto. The market automatically reacted to this message by fear.
BTC's price has risen again above $9,700. According to Keith McCullough (CEO of Hedgeye Risk Management), this cryptocurrency is currently in an upward trend!
Investor and analyst Tuur Demeester says that after halving, the price of bitcoin will not fall below $6,000 and may rise to $5,0000 in the future.
Greyscale Investment's portfolio has increased by 60,000 bitcoins in the last 100 days - about as many bitcoins as were extracted in the last 3 months.
After the third ever halving of bitcoin in history, bitcoin's transaction fees have increased by over 800% in one month!
After the third halving week, the miners rely more on Bitcoin transaction fees because the block prizes were halved, what mean that miners' ravenue is much smaller than before.
Famous economist and gold promoter Peter Schiff shared information on the tweeter explaining why high inflation will not affect the price of bitcoin.
Raould Pal, CEO of Real Vision, says that the price of bitcoin in the long term could rise up to $467,000. He is not alone, as such forecasts have already been made by Mark Yusko among others.
After the third halving in the history of Bitcoin, its price has reacted by 13% increase. According to the data monitoring website, as many as 93% of the days brought profit for those clinging to the HODL strategy.
While there are many different blockchain and cryptocurrency solutions on the market today, Bitcoin still remains king of them, just like "the lion is king of the jungle"
Officials from the Bank of China are pushing for an accelerated adoption of the Blockchain Technology.
The price of bitcoin has returned to $9,000 today, as new data revealed how much miners will lose after the third bitcoin halving.
Block 630,000 was excavated yesterday, and with this long-awaited event the third Bitcoin halving was performed. From now on, miners will only receive 6.25 BTC for every new block in the Bitcoin network.The price of bitcoin a few hours before halving has got into turbulence, but it seems that everything has calmed down, at least for now.
The most awaited event in the crypto community finally happened. Bitcoin halving will reduce the daily supply, the inflation rate and the prize awarded to the miners. This is also the subject of serious discussions on the price of BTC.
The median time of transaction confirmation decreased significantly on the day when halving bitcoin is estimated. If the rate will be kept, halving will take place earlier than expected.
It's less than a day left for bitcoin halving, and transaction fees are rising sharply. This shows that users are ready to pay more for their transactions to prioritize them and for more unconfirmed transactions.
Bitcoin has fallen from the abyss today, since the daily closure. The most popular cryptocurrency fell from $9,800 on which spent most of the weekend to $8,000, a fall of over 15%. BTC broke the support level as if it didn't exist at all.
Block prizes will be halved on May 12th and many analysts are beginning to wonder how this event will affect the crypto market and the mining community.