Cryptocurrency Analysis and News Portal
Bitcoin's price is starting to make gains after what turned out to be a rather dull halving event. With daily active bitcoin addresses at the highest level since 2018, interest in bitcoin could be heading even higher.The world’s first cryptocurrency is now trading above its 10-day and 50-day moving averages,
Read More
Bitcoin’s halving was accompanied by high levels of volatility as many prominent analysts within the industry expected. The flagship cryptocurrency took a 20% nosedive over the weekend that saw its price drop below $8,000. Then, it quickly rebounded and it is now consolidating around the $8,800 level.The Effects of the
Read More
Bitcoin's price volatility has declined following the network's third mining reward halving event on Monday. The reward per block mined on bitcoin's blockchain was reduced to 6.25 BTC from 12.5 BTC at 19:23 UTC, when the cryptocurrency was trading near $8,500. Since then, prices have been restricted largely to a
Read More
The Bitcoin blockchain has experienced its third block reward halving on May 11, 2020, at approximately 3:21 p.m EST, even though quite a few countdown clocks estimated that the halving would occur on May 12. Bitcoin miners now get 6.25 BTC per block rather than the 12.5 BTC they
Read More
With the halving just a few hours away, investors and “hodlers” alike are growing overwhelmingly bullish about what the future holds for Bitcoin.Venture capitalist Tim Draper, for instance, argues that the supply shock could see the flagship cryptocurrency surge towards $250,000. Meanwhile, former hedge fund manager Raoul Pal believes that
Read More
Bitcoin fell sharply on Sunday, triggering the highest long-short liquidations on crypto derivatives exchange BitMEX for the past two months. The top crypto by market cap fell by over 8.5% – its biggest single-day drop since March 12, when prices crashed nearly 40%, according to CryptoX’s Bitcoin Price Index. The decline could
Read More
With fewer than four days left till bitcoin's halving, popular interest in the once-every-four-years event is reaching a fever pitch.Google Trends, a barometer for gauging interest in trending search topics, shows searches for "halving" or "bitcoin halving" at five times the peak in 2016, when the blockchain underwent its previous halving event. You're reading First Mover,
Read More
Ethereum is up around 2% and it broke the key $210 resistance against the US Dollar. ETH price is showing positive signs and it could rise further, similar to bitcoin.Ethereum is slowly moving into a bullish zone above the $210 pivot level.The price traded towards the $218 level and it
Read More
Bixin, one of the earliest bitcoin miner operators and wallet startups, is dedicating 6600 bitcoin, worth $66 million, to a new fund of funds.The company announced the fund of funds with its proprietary capital on Friday and said it aims to invest in global quantitative trading funds whose strategies are
Read More
Bitcoiners planning around next week's "halving" on the blockchain network need to keep checking their countdown clocks: Every time they look, it seems it's coming a little sooner.Last week, Michael Maloney, chief financial officer of Coinmint LLC, a Puerto Rico-based cryptocurrency mining company with operations in upstate New York, examined data from the Bitcoin blockchain and estimated
Read More