With only 2 days left until the block reward halving Bitcoin (BTC) reached $10,000 for the second time in 24-hours. Data from Cointelegraph Markets and CoinMarketCap shows the largest digital asset by market capitalization is struggling to stay above the $10K handle. Crypto market weekly price chart. Source: Coin360 A few hours ago the price lost momentum and the dropoff in purchasing volume broke the pattern of higher lows, causing Bitcoin to drop below the pennant seen on the hourly and 4-hour time frame. BTC USDT 1-hour chart. Source: TradingView After Thursday's 11.81% rally, some traders expected the price to …

Let’s face it: Whether you’re an avid crypto enthusiast or just mildly interested in this blooming industry, chances are you’ve read, seen or heard more stories about the coronavirus and the Bitcoin (BTC) halving than you’d probably like to. In all fairness, the coronavirus led to the world has collectively agreeing to press pause in an unprecedented manner, so the fact that a global pandemic happens to be taking place around the same time as the most important event in crypto means that full-on, 24/7 media coverage is to be expected. However, sometimes people just need a break from the …

Bitcoin’s (BTC) mining hash rate is seeing major volatility ahead of the halving event, scheduled for May 12, as the mining sector is preparing for a major reshuffle. On May 3, the hash rate set a new all-time high, or ATH, of more than 142 exahashes per second, beating its previous record reached in March 2020. The metric has not been only going upwards, however. Experts describe the hash rate during the early months of 2020 as “incredibly volatile,” as it ranged from around 70 EH/s to 120 EH/s. Chances are, the hash rate will start falling once the halving …

Hype is steadily building across the wider cryptocurrency community as the looming Bitcoin mining reward halving draws closer. As the world grapples with the heavy economic downturn spurred on by the ongoing global coronavirus pandemic, the value of Bitcoin has been at odds with conventional stock markets. A driving force behind this trend is the halving, which is expected to take place on May 12. The halving event is highly anticipated, as the Bitcoin reward for validating one block will be reduced by half. This is a core deflationary function designed by Bitcoin creator Satoshi Nakamoto. Since the preeminent cryptocurrency’s …

With the Bitcoin halving just four days away, CV Lab, an incubator and co-working space for blockchain companies, along with Cointelegraph, invited a group of eight experts from Switzerland Crypto Valley for a live panel discussion held on May 7. The Crypto Valley experts came to a consensus that this Bitcoin block reward halving would be different from the previous two, regardless of which direction the price of Bitcoin (BTC) goes. Shifting focus on Bitcoin’s value proposition The experts agreed that the macroeconomics’ environment is changing. More and more people are considering storing their life savings in Bitcoin as a …

With Bitcoin’s (BTC) fourth halving just four days away, members of the global crypto community are eager to see how the event pans out monetarily for the flagship crypto asset. Historically speaking, the halving has almost always had a positive impact on Bitcoin’s price, but this time around, many experts believe that any potential value surges may have already been priced in. It bears mentioning that the halving will most likely have the biggest impact on miners, as the reduced reward ratio following the event will rapidly alter their profit streams, forcing small-time players to either adjust their operations accordingly …

Square’s Cash App and asset manager Grayscale consumed over 50% of newly issued Bitcoin (BTC) in Q1 2020, a new report shows. Australian fund manager ListedReserve tweeted a calculation based on two gross measures: Grayscale’s inbound flows into its Bitcoin and Ethereum Trusts in Q1, which amount to $388.9 million, and Cash App’s $306 million revenue that came from Bitcoin sales during the same period. Those numbers were then divided by the total value of BTC mined in Q1 — $1.3 billion — based on the average BTC price of $8,068. The results showed that Grayscale and Cash App sold …

Chinese mining hardware company Bitmain has admitted to having issues with some of Antminer S17 units. “Antminer is paying close attention to the issues of some products from the 17 series, which has recently been mentioned by the media,” a Bitmain spokesperson told Cointelegraph on May 6, adding: “During this process, we have begun to negotiate solutions with customers who have encountered issues from the product. Antminer has always been adhering to the concept of placing customers first. If any customer has any product issues, please contact the official customer service of Antminer at any time.” As recently reported by …

Decred co-founder and project lead Jake Yocom-Piatt predicts that the coming reduction in Bitcoin's (BTC) mining payout will have miners upping prices. "HELL-o! Since the Bitcoin halving means that miners will receive half as many Bitcoins for the same amount of work, this doubles the unforgeable costliness of creating Bitcoin," Yocom-Piatt told Cointelegraph in a May 1 email, adding: "Miners’ costs are effectively fixed, so to maintain the same profit margins, they are incentivized to double the price at which they sell their Bitcoin. I expect this supply shock will drive the Bitcoin price up by moving offers from miners …

On May 4, CoinShares Research put out its ranking of the likelihood of various halving scenarios as well as their potential impact on the industry. Bitcoin (BTC) halving has captivated the imagination of the crypto industry and there is no lack of outlandish predictions forecasting anything from the death spiral that will destroy the Bitcoin network, to the one predicting its parabolic rise. Earlier today, this subject was also discussed in another episode of Cointelegraph Talks. In the latest post, CoinShare’s head of research, Christopher Bendiksen, analyzed five of the most popular scenarios and concluded by proposing his own. Source: …

As part of the most recent edition of Cointelegraph Talks on May 5, Bitfinex CTO Paolo Ardoino, TradeBlock director of institutional research John Todaro, and Poolin mining pool VP Alejandro De La Torre came on today's panel, bringing a bevy of insights on Bitcoin's (BTC) upcoming halving, the COVID-19 pandemic and more. The current pandemic causes uncertainty Although Bitcoin largely lies outside the mainstream financial ecosystem the asset has still reacted to COVID-19 and its related mayhem. "COVID-19 has definitely had an impact on the space," Todaro said of crypto on May 5, noting the presence of uncertainty and increased …

With the halving just six days away, the crypto community is collectively holding on to their proverbial hats and counting down the days until the historic event takes place. Looking back, it’s quite amazing to see what has been achieved in the past four years since the last halving and how much the industry has matured. Regulation has taken giant leaps, venues have become more sophisticated and transparent, and institutions have begun to dip their toes in the once murky waters of crypto. Along with a reduced supply, all the conditions are perfectly aligned for a post-halving bull run, and …