Bitcoin’s halving sent on-chain metrics through the roof while whales accumulateBTC $9722 (+4.8%) • ETH $203 (+2.3%) • XRP $0.20 (+0.4%)
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The Bitcoin network successfully went thought its third halving on Monday. Consequently, reducing the rate of issuance from 12.5 BTC per block to 6.25 BTC. Some of the most prominent figures within the industry anticipated that this event could trigger a catastrophic correction. However, the flagship cryptocurrency only took a 19 percent nosedive over the weekend. And, it has recovered more than half of the losses incurred since then. Coin Metrics maintains that the recent block rewards reduction event has actually benefited Bitcoin as it continues to outperform most other major crypto assets. With such a considerable price action, the all-in-one crypto financial data provider believes that BTC is poised to shine.
More news ⏬Is Reddit really launching Ethereum tokens for millions? Community Points explained
Last month, a Reddit user with the moniker “MagoCrypto” revealed in a number of posts that Reddit was seemingly beta testing an Ethereum-based feature called “Community Points,” which would allow users to earn ERC-20 tokens to get special access to certain communities — known as “subreddits.” Factors behind a Wall Street veteran’s forecast that Bitcoin will hit $20,000 in 2020
Bitcoin may be up over 100 percent since the $3,700 lows seen in March, but the cryptocurrency remains far below its all-time high of $20,000 — established in December 2017 at the peak of the last market bubble. Idled Ethereum tokens are on the move suggesting incoming volatility
Ethereum suffered a significant correction over the weekend, dropping more than 18 percent. Analyst: Bitcoin price likely to crash if European Union edges closer to crisis
The collapse of governments and fiat currencies is what many diehard Bitcoin investors hope for; as sadistic as it may seem, they believe a violent dissolution of the institutions that run society will prove the value of a decentralized, global, and digital mechanism for the transfer of value and information. Chinese Bitcoin mining startup becomes sixth-largest just days after launch, pockets $3 million
A new Chinese startup focused on Bitcoin mining broke into the top-ten hash power providers last week, a local industry observer tweeted on May 13. These three assets are dominating the crypto market’s trading volume
Throughout the past year, traders, users, and investors appear to have been driven primarily to three digital assets, which now account for 90 percent of the trading volume seen amongst the top ten cryptos. What else?🕐 The Time-Travelling Blockchain Developer 🎈 These three metrics suggest Ethereum still has some massive room to rise 📈 Bitcoin decouples from stock market as Fed Chairman offers grim economic outlook Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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Bitcoin’s halving sent on-chain metrics through the roof while whales accumulate