2020-5-14 20:07 |
Bitcoin community removes $200M worth of BTC from exchanges the first day after the halving.
origin »
|
Bitcoin’s famously noted four-year cycle, previously tied to its halving occurrences, could be losing prime market driver status, according to some top experts. For decades, the halving—a built-in reduction of miner compensation every four years—had been preceded by sharp spikes and precipitous drops in price.
Bitcoin Magazine Pro’s Bitcoin Cycle Master tool rates Bitcoin’s current price of $63,500 as fair market value, signaling potential growth based on historical trends and on-chain metrics.
Amid Middle East tensions, Bitcoin's value drops by 6%, underperforming as a safe-haven asset compared to gold and the US Dollar's rally. The post Bitcoin fails to draw safe haven flows amid Middle East crisis: Kaiko appeared first on Crypto Briefing.
Glassnode advises Bitcoin investors to moderate their expectations for the upcoming halving, citing historical data and diminishing returns. The post Bitcoin investors to moderate price expectations post-halving: Glassnode appeared first on Crypto Briefing.
The new BTC supply added to the market could drop to $30 million per day, according to Bitfinex.
The SEC's approval of Bitcoin ETFs has transformed the market, with inflows supporting prices and altering post-halving dynamics. The post Bitcoin on-chain metrics are “decidedly positive” after the halving, highlights Bitfinex report appeared first on Crypto Briefing.
After the halving, fees spiked to $146 for a medium-priority transaction and $170 for a high-priority transaction.