In less than six months' time, Bitcoin will see an extremely important event. Known as a "halving" or "halvening," the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC's inflation rate will be cut in half in layman's terms. Related Reading: Don't Withdraw Bitcoin...
In June, when Bitcoin was soaring above $10,000, nearly every trader and their mother expected the cryptocurrency to continue rocketing higher. Though, one analyst incessantly called for rationality to return to the crypto markets, claiming that this surge above $10,000 was a clear overextension of BTC's long-term growth curve. He went as far as to say that...
Bitcoin and other crypto assets haven't done too hot over the past six months. Since peaking at $14,000 in June, the leading cryptocurrency, BTC, has lost some 50%, tumbling as bulls failed to keep the upward momentum, and as regulatory pressure and sell-side pressure from miners and the PlusToken scam hit the market. Despite this,...
Bitcoin's upcoming mining rewards halving – which is slated to occur in May of 2020 – has long been looked upon as a catalyst for next major BTC bull run, primarily due to the historical precedent of these events. In spite of this, one research group is now noting that the direct fundamental impact on...
You've likely heard the term "echo bubble" tossed about in relation to Bitcoin over the past couple of months. For instance, hedge fund manager Mark Dow, an investor that shorted BTC when it traded at $20,000 in December 2017, recently quipped that the leading crypto is in a "textbook echo bubble." This came shortly after...
FinTech startup Ripple announced today that they are capping off a "record" year with a $200 million Series C fundraising round, which was completed in hopes of providing them with more flexibility to help continue building their operations on a global scale. This fundraising round comes concurrently with significant community criticism of the company's regular...
Blockchain start-up and XRP proponent Ripple says it's raised a $200 million investment round, lifting its valuation to $10 billion. Despite this move, critics worry whether Ripple and its XRP digital currency have a future in the space when up against CBDCs, stable coins, and XRP's biggest competitor, Bitcoin. Ripple Hopes Funding Refutes XRP Skeptics...
Bitcoin's buyers have been ardently defending the cryptocurrency's newfound position within the $7,000 region, as it appears that selling pressure has been ramping up in the time following BTC's surge from lows of $6,400. Although the bounce at this level was certainly a bullish sign, it is important to note that the momentum that resulted...
This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to...
Two market analysts have said Tim Draper's bold Bitcoin price prediction might not be as far fetched as it seems. The billionaire venture capitalist said recently that the leading digital asset would reach a price of $250,000 between six months and a year after the 2020 halving. BKCM LLC's Brian Kelly and Fund Strat's Tom...
