Interview
This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.”
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Bitcoin Halving News
Bitcoin halving is a process of dividing the number of generated rewards per block in order to maintain the total supply of Bitcoin, which will not exceed 21 million. Block rewards are the main engine of Bitcoin mining and, therefore, the main power behind the operation of the network. Bitcoin halving happens every 210,000 blocks and reduces the reward for 50 percent every time in a geometrical progression. The initial block reward in 2009 was 50 Bitcoins, the current Bitcoin reward is 12.5 coins. The next Bitcoin halving is expected to happen in May 2020 and will decrease the reward to 6.25 coins. Bitcoin halving is a crucial part of Bitcoin and most other cryptocurrencies, as it is the main algorithm of emission control and a part of what makes Bitcoin successfully maintained without any authority.
- Market Analysis
Traders still anticipate BTC prices above $100,000, but a closer look at the BTC halving cycle chart suggests that a sharper downside move will occur first.
23777 - Breaking news
The Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving.
7198 - Market Analysis
Traders say BTC’s current price action aligns with the Bitcoin halving model, leading some analysts to expect a $24,000 bottom before the end of the year.
40122 - Market Analysis
The $50,000 resistance level seems to be the line in the sand that separates certainty from doubt that Bitcoin has cast off the four-year cycle trend, according to Santiment.
24774 - News
Industry executives predict that the next Bitcoin bull run is likely to happen in 2024 or early 2025, tied to Bitcoin’s fourth halving.
33461 - Opinion
Here are three reasons why PlanB’s prediction isn’t accurate and why we can’t expect Bitcoin’s price to increase 10x after each halving.
18435 - New Year Special
2021 saw Bitcoin scale to unfathomable highs while also seeing real lows. Here's a deep dive into how the year went for the flagship crypto.
9952 - News
Fresh data shows 90% of the total Bitcoin supply is mined, but the rest will take a little longer to produce.
19251 - Market Analysis
The popular prediction model has been remarkably accurate in the past when it comes to forecasting Bitcoin’s bearish and bullish cycles against its rising scarcity.
29017 - Market Analysis
The upside outlook appears as ETH price eyes a breakout above its five-month-old resistance trendline.
18440 - Market Analysis
Bitcoin price increases will also be less dramatic moving forward, the report suggests.
92139 - Market Analysis
The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%.
38790 - Market Update
Bitcoin traders are at odds about where the price of BTC may head after it failed to flip the $40,000 level to support.
11135 - Expert Take
A deep dive into the three bubbles Bitcoin has faced during its existence, and how the BTC halving phenomenon impacts the price.
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