Bitcoin’s post-halving price action is mirroring that seen in 2016; What this means for BTC

Bitcoin’s recent mining rewards halving event was long looked upon as a catalyst for the cryptocurrency to see further strength – from both a fundamental and technical perspective. In the months following this event taking place, however, Bitcoin’s price has stagnated, with bulls and bears both reaching an impasse as it trades sideways between $9,000 […]

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Ethereum’s Vitalik Buterin challenges forecast saying the halving may boost Bitcoin’s price, joining stock-to-flow critics

This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. If you were to ask a Bitcoin investor what makes the cryptocurrency valuable, they would likely say something about the cryptocurrency’s block reward “halvings.” Every four years, the number of BTC issued per block gets cut in half, resulting in an effective […]

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Effects of the Bitcoin halving are already apparent, and that’s huge for BTC’s bull case

Just over two weeks ago, Bitcoin experienced its third block reward reduction. The “halving,” as the event has been branded, halves the rewards miners get for processing BTC transactions from 12.5 to 6.25 coins per block. As these rewards constitute the inflation of the cryptocurrency, a halving is notable: it decreases the inflation rate of […]

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The three-pronged “perfect storm” behind the 1,000% eruption in Bitcoin transaction fees

This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. It’s been an expensive past three weeks for Bitcoin users. The average cost to send a BTC transaction, according to data from Blockchain.com, surged from approximately $0.50 at the start of the month to a high of $6.63 on May 21 — […]

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Crypto market wipes out $14 billion as feared Bitcoin halving dump starts

This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. The crypto market lost $14 billion overnight as the Bitcoin price dropped from $9,200 to $8,600 by more than 6.5 percent. The correction occurred with less than seven days left to go before the highly anticipated block reward halving initiates on May […]

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5 key reasons why the Bitcoin pre-halving momentum is organic

The Bitcoin (BTC) price reached as high as $10,060 on Coinbase, rising by more than 160 percent in 56 days. After such an extended rally, BTC is typically at risk of a severe correction. This time, it is showing signs of actual accumulation and strong buyer demand, which reduces the probability of a large pullback. […]

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Bloomberg analyst shares 5 reasons why he’s bullish on Bitcoin in 2020

Although Bitcoin’s market capitalization is still extremely small compared to that of other assets, like the dollar or Apple, the cryptocurrency is rapidly gaining traction with mainstream investors. Paul Tudor Jones, a multi-billionaire hedge fund manager, called BTC the “fastest horse” in the asset race, noting how the cryptocurrency looks like gold did in the […]

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Sorry bulls: On-chain metrics show Bitcoin is highly bearish ahead of halving

This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Bitcoin’s halving is finally here. After years of waiting, the long-awaited event has arrived that will see the number of coins issued per block cut in half — hence “halving — from 12.5 to 6.25. Although BTC investors on Twitter and other […]

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Users blast Coinbase after yet another outage during pre-halving Bitcoin drop

This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Crypto exchange Coinbase can’t seem to catch a break. The San Francisco-based outfit was under fire on Sunday after multiple users took to Reddit and Twitter to complain about downtime during a very critical trading session. Going down but locked out Bitcoin […]

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Data reveals how 2020’s Bitcoin halving has a drastic fundamental difference than the past two

This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Bitcoin’s now-concluded halving was the talk of the town in 2020. The May 12 event saw immense media spotlight and institutional interest in the broader cryptocurrency space.  While some predicted an eventual drop in prices, others cite vastly changed economic and financial […]

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