The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. To be precise, BTC has gained 110%, with prices rallying from $8,566 on May 11 to test $18,000 as of this writing. According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity and exchange flows have changed dramatically since the halving. The firm identifies illiquid, or investor-held Bitcoin, as “wallets that send less than 25% of Bitcoin they’ve ever received,” while the remaining wallets are classed as liquid Bitcoin, or trader-held Bitcoin. Chainalysis’ data shows that the number of …
Although over two months have passed since the halving happened on the Bitcoin network, the crypto mining industry is still heaving from the frantic pace of events that have followed suit. The rollercoaster of hash rates has left Bitcoin (BTC) and Ether (ETH) prices soaring while provoking mixed feelings among crypto miners. The COVID-19 pandemic has left its mark on the industry as well, forcing dozens of pools to either switch off or shift their focus from Bitcoin, with its increasing mining difficulty, to less complicated altcoins that are trailing the Big Daddy of crypto. The impending launch of Ethereum …
Miner profitability metrics are based on a handful of factors regulating difficulty and emission, which are hard-coded into the blockchain’s attributes, making it predictable to work with. While predictability does not always immediately translate into profitability, it gives a blockchain certain parameters to rely on when predicting when mining cryptocurrency will become profitable, at which price level, and at which difficulty level during the emission cycle. Some cryptocurrencies, such as Bitcoin (BTC), go through emission cycles with events such as the halving. In Bitcoin’s case, halvings occur once every 210,000 blocks — roughly every four years — until the maximum …
With less than three weeks until the halving, the subject has overtaken the coronavirus as a leading Bitcoin narrative on Twitter — and it’s once again starting to dominate media coverage. On April 23, crypto social sentiment analysis firm TheTIE published data to Twitter showing that discussion concerning the ‘halving’ ranked as the ninth-most discussed topic related to Bitcoin (BTC) on Twitter, with 650 tweets on the topic. Bitcoin discussions relating to gold, meanwhile, comprised 690 tweets. Crypto analyst Mati Greenspan told Cointelegraph: “The virus along with the current economic situation has completely drowned out all conversation about the halving …
Curiously, the search term “bitcoin coronavirus” has overtaken “bitcoin halving” on Google Trends. The odd search term is seeing the most traffic from Europe. Research indicates that Austria, Switzerland, and Ireland comprise the three jurisdictions that produce the most searches for “bitcoin coronavirus.” 12-Month Search Trends for “Bitcoin halving” and “Bitcoin coronavirus”: Google Singapore, Germany, Australia, and Canada are also producing significant traffic for the keyword, while the United States ranks 13th. Interest in ‘Bitcoin halving’ outpaces ‘ETH 2.0’ Interest in the Bitcoin’s upcoming halving is significantly dwarfing queries for Ethereum’s (ETH) upcoming ETH 2.0 revamp. 12-Month Search Trends for …