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Bitcoin price surges over 5% to trade above $9,700 at the time of reporting. The rally comes as the clocks show 4 days remaining until the BTC halving event.Bitcoin price continues soaring as the hype with BTC halving keeping most enthusiasts awake now and then. Bitcoin halving is expected to
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The closer Bitcoin halving is, teh more predictions we get about teh BTC price in teh nearest future. Some of them are not very optimistic.Much has been said about the looming Bitcoin halving to hold in four days. The Bitcoin halvening event has kept analysts busy, making predictions as to
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Bitcoin briefly closed above $6,400 for the second time in seven days.The cryptocurrency later pulled back by circa $400 amid profit-taking.It found support near $9,000, raising concerns about an extended move towards $7,500.Bitcoin’s impressive rebound from its mid-March lows extended its upward move above $6,400 on Wednesday. But the price
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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
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The transparency of blockchain technology can be used to determine investors’ sentiment towards a given asset. By evaluating what large Bitcoin holders are doing, for instance, it is possible to estimate future price slumps or bullish impulses.Under this premise, Santiment, a behavior analytics platform, maintains that large BTC whales are
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With less than a week to go before the expected May 12 halving event, bitcoin's price is swinging upward. The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue after the halving. In early trading at 00:00 UTC,
Read MoreQuick take: Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving. Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021. His analysis is based on the change in the stock-to-flow ratio across each halving. The hype and excitement surrounding the Bitcoin halving event is once
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With the halving event just around the corner, analysts predict that BTC will continue its bull run. Bitcoin can reach $10,000 before the event.The king of crypto, as Bitcoin is referred to, since last month when its value was $6,000 has risen and dropped at intervals and most recently hit
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Bitcoin’s PoW miners continue to dominate the cryptocurrency mining industry both in terms of total revenue and total security spending. Bitcoin miners received $5.5bn in total block rewards, $5.2bn (94.8%) of which were newly minted coins, and $284m (5.2%) of which were transaction fees.These days, almost everyone in crypto-space is
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The crypto exchange bitFlyer USA has indicated that there will be no additional fee for instant deposits and customers will be able to deposit up to $1,000 per week.Popular cryptocurrency exchange bitFlyer USA has made instant deposits available for US traders ahead of bitcoin’s third halving. The launch will enable
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