The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has seen a spike towards $10,500 before the halving took place on May 11. However, the price of Bitcoin has been having problems since the halving and is currently showing more signs of weakness. On the other hand, altcoins have been starting to show signs of life with the BTC market dominance index sliding from 67% to 65% after the halving. Is the momentum now shifting towards altcoins from Bitcoin as the most anticipated event is behind us? Crypto market daily performance. Source: Coin360 Bitcoin price is hovering inside …

Both data and first-hand accounts from industry insiders indicates that an interest in Bitcoin (BTC) from institutional investors is accelerating at a rapid pace. This has led some to conclude that the “perfect storm” is about to hit the market. GBTC BTC Holding & Assets Under Management. Source: Cointelegraph, Grayscale. Price is not a factor Grayscale Bitcoin Trust, or GBTC, an exchange traded vehicle backed with Bitcoins, has been growing steadily in size over the past several years. However, in the last couple of months, its growth has begun to accelerate. Interestingly, the fluctuation in the price of the underlying …

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been hovering below the psychological barrier of $10,000. The halving didn’t give the market what they expected as the majority was anticipating a further decline in the price post-halving. What’s next for the crypto markets? What can be expected from the price of Bitcoin if $10,000 is broken to the upside? Crypto market daily performance. Source: Coin360 The price of Bitcoin stabilizing in a wide range BTC/USD 1-day chart. Source: TradingView The price of Bitcoin has been hovering in a wide range, since the beginning of this month. …

One week after the Bitcoin rewards halving, investors are speaking more positively about the coin than they have at any point over the last 2.5 years according to crypto data company The TIE. Chief Executive Officer (CEO) Joshua Frank spoke to Cointelegraph on May 18, saying the 30-day average daily sentiment score — the number of positive reviews in relation to the number of negative reviews — of Bitcoin (BTC) is the highest the company has ever recorded. Bitcoin's sentiment (30 day average) is the highest that we have recorded since 2017. 30 day average tweet volumes on Bitcoin are …

From April 11 until May 14, Bitcoin (BTC) transaction fees increased by more than 1,250% from $0.38 to $5.16. While Bitcoin transaction fees have since fallen by 33.3% to sit at roughly $3.44 as of this writing, fees have increased by 36.5% since the block reward halving on May 11. Bitcoin fees double in three days after halving The average cost of executing transactions on the Bitcoin network has increased by more than 800% in just one month, with May posting the highest transaction fees since July 2019 so far. Bitcoin transaction fees March 2020 - May 16, 2020: BitInfoCharts …

The halving is over, which means that the hype and FOMO around the halving are slowly fainting away. The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, rallied towards $10,000 pre-halving, but also produced a 15% crash pre-halving. While the majority expected a drop post-halving to occur, the price rallied from $8,400 to $10,000. What can be expected with the price of Bitcoin in the coming period? Crypto market daily performance. Source: Coin360 Bitcoin price rallies to $10,000 to close the CME gap post-halving The price of Bitcoin crashed by $2,000 to $8,100 pre-halving, which created a CME …

Following Bitcoin’s (BTC) recent much-hyped halving event, many in the industry had anticipated a drop in value, especially after BTC slid to as low as $8,100 on May 10. However, following this aforementioned uncertainty, the flagship crypto asset proceeded to gain a cool 6% and rise to around the $9,500 mark in less than 48 hours and could now be heading toward the $10,000 mark. On Monday, crypto miners all over the world saw Bitcoin’s native reward quotient slashed in half — from 12.5 BTC to 6.25 BTC — thereby inducing an air of uncertainty around the currency’s price. This …

Having recently gone through the third halving, one of the most important events in the ecosystem, Bitcoin (BTC) continues to establish itself as a new asset class and a worthy contender to gold as a new store of value for the digital age. Having seen a dip in price from the $10,000 levels to $8,500 just a few days before the halving, the Bitcoin price has remained below $10,000 even after the event. Seeing its production cut in half in a matter of seconds, Bitcoin’s scarcity and low stock-to-flow ratio makes it an attractive investment for those looking to shield …

Crypto.com has secured a $100 million direct insurance policy provided by Arch Underwriting at Lloyd’s Syndicate 2012. Per a May 11 announcement, the new policy brings Crypto.com’s total coverage to $360 million — with the firm claiming to now have the largest insurance coverage within the entire cryptocurrency sector. With Crypto.com also reporting that its userbase has doubled over six months to tag $2 million, Cointelegraph spoke with the firm’s chief executive, Kris Marszalek, to find out more about the firm’s new coverage and spike in users. Crypto.com secures $100 million direct coverage Marszalek stated that the new $100 million …

Bitcoin (BTC) price briefly returned to $10,000 on May 14 as a fresh spectacular bullish surge entirely canceled out its weekend crash. Cryptocurrency market daily overview. Source: Coin360 Another BTC price crash disappears Data from Cointelegraph Markets and CoinMarketCap tracked BTC/USD as it rose to retake five figures on Thursday, gaining 13% in the past 24 hours. Resistance levels in the $9,000 corridor quickly fell as momentum built to send Bitcoin back to its position from last week. After reaching just below $10,000, a retracement took markets to press-time levels of $9,700 within minutes. Bitcoin 1-day chart. Source: CoinMarketCap As …

Following Bitcoin’s third block halving on May 11, users removed 23,540 Bitcoins (BTC) from online exchanges. This appears to indicate heightened levels of confidence in the asset. It also continues the recent trend of users moving their coins to wallets they control, and away from major centralized exchanges. In the two months since Black Thursday, the number of BTCs in exchange wallets has dropped from 2,634,574 to 2,332,524. Bitcoin Net Exchange Flow versus Bitcoin Exchange Balances. Source: Glassnode. User behavior One might make a logical assumption that users withdrawing funds from exchanges is a bullish sign. If a user intends …

The cryptocurrency industry has just experienced the most anticipated event, Bitcoin’s (BTC) third halving. The last 12.5 Bitcoin block was mined by F2Pool and encoded the message: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue,” paying tribute to Satoshi Nakamoto, the token’s creator. Antpool was in luck, mining the first 6.25 Bitcoin block. The first Bitcoin halving happened in Nov. 2012 and was mined by Slushpool, while the second having happened in July 2016 and was mined by F2Pool. The post-halving will still see a positive adjustment The market experienced some volatility during the last 60 blocks …