Several macro events are contributing to increased interest in Bitcoin, its price and a knock-on effect on the wider markets.
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.
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The futures positioning on CME shows Bitcoin could still move higher from its current price, says IG Australia analyst Tony Sycamore.
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Bitcoin experienced its first-ever halving 11 years ago today, and since then, it has soared from $12 to its current price of $37,000.
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The CEO of Binance and BTC analysts are among those who have started to draw attention to the halving event as the crypto community looks to the bullish event with hope after a cruel crypto winter.
16437 - Markets News
BTC price action has yet to match one Bitcoin trader’s long-term target, but “patience is key,” he says nearly one year later.
31145 - Opinion
Bitcoin's halving is months away, and cryptocurrency companies are getting excited. Don’t be surprised if some companies fail as they rush products to market.
17442 - Opinion
Robert Kiyosaki has predicted that Bitcoin's price is going to reach $100,000. Michael Saylor is aiming for $1 million. Is it a good time to start buying?
22297 - Market Analysis
Here are four factors supporting the argument for an upcoming Bitcoin bull run as BTC price breaks above $35,000, an 18-month high.
29189 - Market Analysis
ETH price continues to lose ground against Bitcoin. Cointelegraph takes a closer look at the factors behind the weakening ETH/BTC pair.
5810 - Market Analysis
Two key BTC supply metrics show conflicting signals on whether a retracement will occur before the Bitcoin halving.
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The CEO of Dutch cryptocurrency exchange Bitvavo believes market dynamics will cater to the potential skyrocketing demand for Bitcoin in 2024.
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Historically, the cryptocurrency market has benefited from the rise in global money supply, as the majority of bull runs in the past coincided with the rise in fiat supply.
7838 - Market Analysis
Bitcoin started the week with a bang, but the real question is, what is driving the move, and is it sustainable?
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While the halving event is considered one of the main catalysts for Bitcoin bull markets, it may play out differently next year.
25378 - Markets News
Analysts recently debated whether or not the Bitcoin halving is still a meaningful catalyst for BTC’s price discovery.
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