While Bitcoin is seeing some selling pressure around $8000 levels currently, 18 millionth BTC is to be mined soon.
One of Germany’s biggest banks has joined the already bullish Bitcoin community, with a forecast which puts BTC price at a record high by next year. Bayern LB believes the upcoming halving will be the catalyst.
Recent reports show that the overall Bitcoin mining revenue has topped more than $14 billion over the years of its existence. Find out what it means for the crypto industry here.
Bitcoin price surprises the market by slipping below $10K levels on August 28. Crytpo analysts trace Bitcoin whales moving massive BTC tokens ahead this week.
As we inch closer to the next Bitcoin halving, it’s necessary to think about the specific design of the coin as done by Satoshi Nakamoto. Specifically, why was 21 Million the set figure for Bitcoin mining?
Bitcoin price sets a new 2019 all-time high reaching $9,800. Also, the majority of the top 100 altcoins are in the green zone as the total market cap exceeds $300 billion.
Next Bitcoin halvening is in May 2020 and we are expecting to see huge price increase in 2021. Bitcoin miners currently receive 12.5 BTC each time they successfully mine a block. By the end of May 2020 (the next Halvening) they will earn just 6.25 BTC.
A Bitcoin halvening is a fixed event and will occur after every 210,000 blocks are mined, or confirmed, by the system. StillMark Capital analyst Alyse Killeen thinks that there will be even greater demand for Bitcoin.
Because of the halving FOMO, LTC could peak by doubling its price just a few days before the halvening event, which could allow it to flip over XRP. But, is a 100 percent surge from current levels possible?
Thomas Lee expects a FOMO to kick-in soon as the Bitcoin price crosses $10000 levels. Besides, upcoming events like Bitcoin halving could give a further push northwards to the cryptocurrency.