Over the course of the past month, the crypto world has understandably been abuzz with talks of the upcoming Bitcoin (BTC) halving event that is scheduled to take place in a little over two weeks. For starters, it is undoubtedly one of the most — if not the most — anticipated crypto events of 2020. However, due to the COVID-19 pandemic, many analysts are still not sure if the event will have a substantial impact on the monetary future of Bitcoin. It is interesting to note that while a number of other traditional assets have seen their values drop quite …

Once the Bitcoin rewards halving goes through on May 12, the annual inflation rate of the cryptocurrency will be about half of the global average. As crypto analyst Mati Greenspan noted on Twitter on April 26, the annual inflation of Bitcoin (BTC) will fall from 3.65% at the time of press to 1.8% once the halving happens in 15 days. The global annual inflation rate for 2019 was 3.41%, and is approximately 3.56% so far for 2020. In just 15 days, the annual inflation of #bitcoin will go from 3.65% to just 1.8%... approximately half of the global annual inflation …

The price of Bitcoin (BTC) has been stagnating between $6,600 and $7,200 for a few weeks, but finally, a breakout occurred to the upside, which meant a 10% push towards $7,750. But Bitcoin is not the only cryptocurrency that has been showing strength as altcoins are also following suit with Cardano (ADA) jumping by 22% and Ethereum (ETH) by 16%. So what can be expected from the markets with just over two weeks before the halving for Bitcoin? Crypto market daily performance. Source: Coin360 Bitcoin breaks crucial $7.2K resistance but faces $7.8K next The price of Bitcoin was stagnating between …

With less than three weeks until the halving, the subject has overtaken the coronavirus as a leading Bitcoin narrative on Twitter — and it’s once again starting to dominate media coverage. On April 23, crypto social sentiment analysis firm TheTIE published data to Twitter showing that discussion concerning the ‘halving’ ranked as the ninth-most discussed topic related to Bitcoin (BTC) on Twitter, with 650 tweets on the topic. Bitcoin discussions relating to gold, meanwhile, comprised 690 tweets. Crypto analyst Mati Greenspan told Cointelegraph: “The virus along with the current economic situation has completely drowned out all conversation about the halving …

Block halvings only occur every four years. Bitcoin's third halving is set to take place in May 2020, but is the event already priced in? Twitter personality, The Crypto Dog, recently asked the community to weigh in. "Do you think the halving is priced in?" the trader asked the crypto community in an April 22 Tweet. This time is different Every four years, Bitcoin's code dictates a 50% block reward slash. In May, Bitcoin's mining reward will drop from 12.5 BTC, to 6.25 BTC per block. In theory, this will cause a deflationary event. The potential for this outcome has …

Sometimes less is more. That’s a tenet of modern design, but it’s also a central belief of many in the decentralized cryptocurrency community. Throughout the Bitcoin (BTC) world — in Twitter threads, on crypto news websites and in private Telegram and Discord channels — conversation almost invariably turns to one topic: the May halving that will reduce the amount of newly minted Bitcoin by 50%. Less Bitcoin being produced may mean greater demand and higher prices, but to understand just why the community at large is thrilled we need to take a look at Bitcoin’s history. Bitcoin was intended as …

Bitcoin (BTC) hodlers are accumulating more coins every day than any time in over a year, as crypto investment looks increasingly attractive. According to data from monitoring resource Glassnode on April 23, this month saw a significant increase in BTC positions. Hodler position change hits 75,000 BTC per day Known as Hodler net position change, the data shows that long-term Bitcoin investors are in bear market mode, seeking to buy up coins at what they consider to be a bargain price point. The metric originally came from Bitcoin alpha fund Adamant Capital, which equated the activity behind it roughly to …

With the Bitcoin (BTC) halving less than 20 days away, some analysts predict that an inflow of capital will accompany the run-up to the event then reduced selling pressure at below-production prices thereafter will catalyze a bullish trend for BTC price. However, Bitcoin options data tells a different story. Let’s take a closer look. Options open interest on the rise According to Skew, open interest in BTC options contracts has been increasing since the beginning of April with Deribit holding the majority of the market share. The total BTC options open interest is currently $623 million. Open interest has been …

Bloomberg analyst, Mike McGlone, speaking to Cointelegraph described Bitcoin (BTC) halving as a “non-event”. Cointelegraph interviewed Bloomberg’s senior commodity strategist Mike McGlone to learn more about his Bitcoin bullishness. He emphasized that the work he does for Bloomberg Intelligence is objective and devoid of salesmanship: “I'm Bloomberg Intelligence. They're all completely objective. And this does not reflect the views of Bloomberg at all. I'm completely objective in my outlook in the market. I don't make investment advice or recommend recommendations.” Bitcoin maximalist McGlone has decades of experience as a commodities trader and has been really impressed with Bitcoin’s robustness: “The …

With the Bitcoin (BTC) halving only weeks away, anticipation appears to be building up as Google Trends data for the event show online searches reaching an all-time high. Bitcoin’s block reward halving comes following that of Bitcoin Cash (BCH) and Bitcoin SV (BSV), where miners moved their hashing power to the BTC Chain. Several crypto pundits point to the halving potentially having a significant impact on the BTC spot price. Indeed, Bitcoin’s two previous halvings — November 2012 and July 2016 — have each been precursors to a new, all-time price high for BTC. However, the situation in the crypto …

Bitcoin (BTC) ASIC manufacturer MicroBT has revealed its new mining hardware, boasting a hash rate of 100 terahashes per second (TH/s). This product unveiling demonstrates that competition is heating up among major ASIC manufacturers, following Bitmain’s pre-sale of its S19 Antiminers. MicroBT’s forthcoming M30 series of Bitcoin miners, the MS30S++ and the MS30S+, were revealed to 4,000 attendees of an online launch event on April 17. The company says that its flagship unit (the ++ model, of course) is capable of 112 TH/s at a power efficiency of 31 joules per terahash (J/TH). The M30S+ reportedly clocks in at 100TH/s …

Despite being over a decade old, Bitcoin (BTC) is still not particularly easy to understand. Even major BTC bulls like Tim Draper have admitted that Bitcoin still lacks ease of use for mainstream adoption. In the same vein, two key figures in the community held an informal Twitter debate over Bitcoin’s complexity today. Debate intro: Cuban might change his mind about Bitcoin if it gets so easy that “grandma can use it” Mark Cuban, one of the most well-known Bitcoin sceptics, prefers to own bananas than invest in bitcoins. Cuban previously criticized Bitcoin’s complexity in an interview with Anthony “Pomp” …