Bitcoin (BTC) halvings are a little spooky, sort of like the witching hour, and one of the prophecies being murmured about last week was something about a Bitcoin network death spiral. This idea, which isn’t really new, premises a mass exodus of BTC miners whose work creating new parts of the blockchain no longer pays because of a reduction in their rewards. As put forth most recently by Zach Resnick, a managing partner at venture capital firm Unbounded Capital and a prominent supporter of Bitcoin SV (BSV), and summarized by Cointelegraph: “As the halving cuts the block reward, a large …

Things haven’t quite been the same since the Bitcoin (BTC) halving. A substantial number of miners have pulled the plug on their equipment due to the halved reward. Consequently, transaction fees are now considerably higher, the hash rate has shed around 25%–40%, and new blocks are generated at remarkably low speed. So, what can be done to prepare for this new post-halving reality, or will things return back to normal in the near future? Here is a closer look at which blockchain processes have been affected. Hash rate One of the most important post-halving trends is the decreased hash rate, …

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been hovering below the psychological barrier of $10,000. The halving didn’t give the market what they expected as the majority was anticipating a further decline in the price post-halving. What’s next for the crypto markets? What can be expected from the price of Bitcoin if $10,000 is broken to the upside? Crypto market daily performance. Source: Coin360 The price of Bitcoin stabilizing in a wide range BTC/USD 1-day chart. Source: TradingView The price of Bitcoin has been hovering in a wide range, since the beginning of this month. …

There were only 95 blocks generated on the Bitcoin (BTC) blockchain on Sunday, according to data presented by pseudonymous Bitcoin analyst digitalik.net. “In last 10 years we had only 8 days with less than 100 blocks,” the analyst tweeted, referring mostly to the 2017 third-quarter period. In an interview with Cointelegraph, digitalik.net attributed the low block time to the recent Bitcoin halving and the decreased BTC hash rate in particular: “Many miners cannot generate a profit now because their expenses are still the same and income cut in half.” According to the chart provided by the analyst, BTC daily block …

The halving is over, which means that the hype and FOMO around the halving are slowly fainting away. The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, rallied towards $10,000 pre-halving, but also produced a 15% crash pre-halving. While the majority expected a drop post-halving to occur, the price rallied from $8,400 to $10,000. What can be expected with the price of Bitcoin in the coming period? Crypto market daily performance. Source: Coin360 Bitcoin price rallies to $10,000 to close the CME gap post-halving The price of Bitcoin crashed by $2,000 to $8,100 pre-halving, which created a CME …

Following Bitcoin’s (BTC) recent much-hyped halving event, many in the industry had anticipated a drop in value, especially after BTC slid to as low as $8,100 on May 10. However, following this aforementioned uncertainty, the flagship crypto asset proceeded to gain a cool 6% and rise to around the $9,500 mark in less than 48 hours and could now be heading toward the $10,000 mark. On Monday, crypto miners all over the world saw Bitcoin’s native reward quotient slashed in half — from 12.5 BTC to 6.25 BTC — thereby inducing an air of uncertainty around the currency’s price. This …

Bitcoin (BTC) price briefly returned to $10,000 on May 14 as a fresh spectacular bullish surge entirely canceled out its weekend crash. Cryptocurrency market daily overview. Source: Coin360 Another BTC price crash disappears Data from Cointelegraph Markets and CoinMarketCap tracked BTC/USD as it rose to retake five figures on Thursday, gaining 13% in the past 24 hours. Resistance levels in the $9,000 corridor quickly fell as momentum built to send Bitcoin back to its position from last week. After reaching just below $10,000, a retracement took markets to press-time levels of $9,700 within minutes. Bitcoin 1-day chart. Source: CoinMarketCap As …

Following Bitcoin’s third block halving on May 11, users removed 23,540 Bitcoins (BTC) from online exchanges. This appears to indicate heightened levels of confidence in the asset. It also continues the recent trend of users moving their coins to wallets they control, and away from major centralized exchanges. In the two months since Black Thursday, the number of BTCs in exchange wallets has dropped from 2,634,574 to 2,332,524. Bitcoin Net Exchange Flow versus Bitcoin Exchange Balances. Source: Glassnode. User behavior One might make a logical assumption that users withdrawing funds from exchanges is a bullish sign. If a user intends …

The cryptocurrency industry has just experienced the most anticipated event, Bitcoin’s (BTC) third halving. The last 12.5 Bitcoin block was mined by F2Pool and encoded the message: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue,” paying tribute to Satoshi Nakamoto, the token’s creator. Antpool was in luck, mining the first 6.25 Bitcoin block. The first Bitcoin halving happened in Nov. 2012 and was mined by Slushpool, while the second having happened in July 2016 and was mined by F2Pool. The post-halving will still see a positive adjustment The market experienced some volatility during the last 60 blocks …

New China-based mining pool Lubian accounts for 5.15% of the total Bitcoin (BTC) hash rate, just three weeks after processing its first block. The pool was originally spotted by BlockBeats, a Chinese blockchain news outlet, on May 12. Lubian is currently the sixth-largest mining pool, with a 6.30 EH/s hash rate, data obtained from btc.com shows. The operation first surfaced on April 24, when it found block #627,441. According to Dovey Wan, Primitive Ventures’ founding partner and industry commentator, Lubian could be an ex-private pool that has recently gone public. She tweeted: “It must be a private pool before now …

Bitcoin’s (BTC) third block halving has finally taken place. The year’s most talked-about crypto event happened at 3:23 p.m. EST on Monday, May 11, as block number 630,000 was successfully mined. The Bitcoin block reward has now gone down from 12.5 BTC to 6.25 BTC, which will likely have many repercussions on the industry. But here’s how the historic event went down. Bitcoin halving 101 First, the definition of Bitcoin's halving states that every four years producing BTC becomes more difficult, as block rewards get cut in half by a precoded blockchain protocol. As a result, miners begin receiving 50% …

The number of Bitcoin addresses since the second halving has increased across the board, but the number of small wallets with balances of less than 0.1 BTC saw the greatest improvement. According to data from Glassnode posted on May 11, the number of Bitcoin (BTC) addresses with a balance of under 0.01 BTC — approximately $86 at the time of writing — after the third halving increased 235% when compared to the second halving in July 2016, exceeding ten million. Those addresses with a balance between 0.01 BTC and 0.1 BTC — roughly $86 to $860 — increased 204%, and …