As the global economic engine continues to reel from the effects of the slowdown induced by the novel coronavirus, it’s still not clear how much devastation the pandemic has actually caused. For example, due to the restrictions imposed by governments all over the world, such as border lockdowns, trade limitations and import/export reductions, economic movement has almost ceased, causing many businesses, both large and small, to either face up to the losses or shut down completely. Furthermore, traditional financial offerings such as stocks, bonds and equities have also been on the receiving end of a beating since mid-February, with many …

One month has passed since the 2020 Bitcoin (BTC) miner reward halving, and a lot has happened for the predominant cryptocurrency since then. From changes in investor and trader behavior to an exponential growth in institutional interest, the halving seems to have marked the start of a new reality for all Bitcoin market participants. Although the halving did not come with the immediate price surge that many had associated with the event, there are a few key factors that indicate the start of some changes that may be here to stay, some of which may even be pivotal for the …

Cointelegraph Markets’ post-halving Bitcoin (BTC) analysis report takes a deep look at the 2020 halving, its effect on the crypto market and miners, and how it compared to the previous halving events. The three main sections of this report are: What’s next for Bitcoin miners? BTC correlation with stocks, gold & rising institutional interest Tether market cap growth boosts Bitcoin The Bitcoin halving Scheduled to take place roughly every four years, the Bitcoin halving is a built-in event that cuts Bitcoin’s block reward by half. The halving that occurred on May 11 is the third of its kind, bringing with …

Earlier this week, Chinese mining-hardware juggernaut Bitmain unveiled its new product, an application-specific integrated circuit called Antminer T19. The Bitcoin (BTC) mining unit is the latest to join the new generation of ASICs — state-of-the-art devices designed to mitigate increased mining difficulty by maximizing the terahashes-per-second output. The Antminer T19 announcement comes amid the post-halving uncertainty and follows the company’s recent problems with its S17 units. So, can this new machine help Bitmain to reinforce its somewhat hobbled position in the mining sector? T19: The cheaper S19 According to the official announcement, the Antminer T19 features a mining speed of …

Last week, Bitcoin (BTC) miners sold 11% more coins than they generated over the same period, June 1 data from on-chain analysis portal ByteTree suggests. According to the portal's metric that tracks Bitcoin wallet addresses associated with miners, around 5,800 BTC was generated over the past seven days, compared with over 6,500 "first spend" transactions. The "first spend" that is used for the calculation is “the first time that a Bitcoin leaves the wallet it was generated in,” a ByteTree spokesperson explained to Cointelegraph, elaborating on how their metric works in greater detail: "The miner wallet can be owned by …

One of the core narratives of Bitcoin (BTC) since inception is the oft-stated goal of separating money and state. While this has certainly been a powerful creed in the currency’s early adoption by the crypto-anarchist and techno-libertarian communities, what does this actually mean? It’s quite simply a call for a neutral form of money. When stripped of the more political messaging, Bitcoin is fundamentally the introduction of a credibly neutral, global system of value transfer that is open and permissionless yet cryptographically secure and verifiable. This burgeoning crypto economy is still relatively early in its development, yet in the ten-plus …

The price of Bitcoin (BTC) had seen a substantial rally before the halving, as the price topped at $10,100. Since then, the BTC price has been hovering inside a sideways range between $8,200 and $10,000. However, are the markets making itself ready for a breakout above this crucial resistance? Bitcoin is showing strength, but other cryptocurrencies like Ethereum’s Ether (ETH) and Cardano (ADA) are also showing strength with double-digit performances in the past week. Crypto market daily performance. Source: Coin360 Bitcoin facing $10,000 resistance as a crucial level to break The 6-hour chart is showing a clear range-bound structure since …

The post-halving reality of Bitcoin’s network may soon change shape, some industry insiders argue. The reason is quite simple, and, surprisingly, it has nothing to do with crypto itself: The wet season has arrived in Sichuan, a southwest China province known as one of the hottest spots for Bitcoin (BTC) mining. The rain in Sichuan is a good sign for all local farmers, Bitcoin miners included. The abundance of water leads to a hydropower supply glut, which, in turn, makes electricity prices — miners’ main burden — decrease. As a result, mining becomes increasingly profitable, which can lead to an …

Following the recent, third halving, Bitcoin (BTC) is now in its fourth block reward era. Leading up to the event, pundits launched into varied predictions that ranged from miner capitulation to hash rate plunges to price predictions of half a million dollars. Much of the analysis has focused around looking back at trends that followed the first and second halvings. Both events saw BTC prices skyrocket in the ensuing year and 18 months, respectively. But the third halving’s case is unlike any other. In fact, it is more like the creation of the Bitcoin network than the two previous halving …

As the halving hype has now passed for Bitcoin (BTC), altcoins are beginning to regain traction. In that regard, many altcoins have been showing significant movements in the past two weeks. One of the biggest gainers is Theta Token (THETA), which has gained 1,000% since the crash on Black Thursday (March 12). The second token of the Theta platform is called Theta Fuel (TFUEL), which has also surged more than 1,150% in a matter of one week. Crypto market daily performance. Source: Coin360 Theta Token reaches new highs, but is it time to buy? As the candles are getting greener …

The third Bitcoin (BTC) halving has settled, and the Bitcoin network has just experienced its first difficulty adjustment post third halving. The difficulty has decreased from 16.1 trillion to 15.14 trillion, which is about a 6% downward adjustment, providing miners who have survived so far with some relief. Bitcoin network hash rate experienced a significant decline post-halving It is important to recognize that the network hash rate cannot be directly observed; rather, it needs to be calculated from the average block production time and the difficulty level. Based on the average block time analysis, the Bitcoin network has experienced a …

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has seen a spike towards $10,500 before the halving took place on May 11. However, the price of Bitcoin has been having problems since the halving and is currently showing more signs of weakness. On the other hand, altcoins have been starting to show signs of life with the BTC market dominance index sliding from 67% to 65% after the halving. Is the momentum now shifting towards altcoins from Bitcoin as the most anticipated event is behind us? Crypto market daily performance. Source: Coin360 Bitcoin price is hovering inside …