Bitcoin Price Drops Again as Halving Inches Closer
A lot of people assumed the Bitcoin halving would force the price upwards. However, that will not necessarily be the case. The upcoming Bitcoin halving has been a subject of great debate and excitement. While the block reward will be cut in half, the number of newly minted coins per day will decrease. Bitcoin miners, on the other hand, will earn less money, depending on how the Bitcoin price evolves. But so far, it seems like market movers are pushing the Bitcoin price down, rather than up. Bitcoin Halving Does Not Deliver On The Hype. A lot of people assumed the Bitcoin halving would....
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Another rise in the bitcoin price — since our last price piece, bitcoin has jumped up by about $3, and is hovering around $673 at press time. With the highly-anticipated block reward halving drawing ever-near, this bump might be an indicator for an even larger rally in the coming days. The Halving: What’s Going to Happen? The halving month has finally arrived, and this could potentially be the first of several jumps in the coming days and weeks. While no one is making any real predictions yet, the fact is that there is no going back. Bitcoin has reached ‘the point of no return,’ and....
Alongside the halving, Zcash has rolled out its Canopy upgrade that replaces the Founder's Fund with built-in funding for development.
Bitgesell, the evolutionary successor of Bitcoin, has recently concluded its halving event, today March 28th, 2021. Triggered by the blockchain hitting block 52500, the first annual halving event on Bitgesell ecosystem has reduced the block reward from the previous 200 BGL to 100 BGL as the blockchain moves ever closer toward becoming an ideal store […]
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