With the highly anticipated bitcoin halving reducing new mining supply, what are crypto traders thinking about upcoming market behavior?
Bitcoin’s price keeps gaining as people increasingly talk about the halving - but the event’s potential after-effects may be considered an afterthought for many investors.
After a flurry of trading late last week, bitcoin dipped on lower volume.
Traditional markets continue to get whalloped on terrible economic numbers while bitcoin holds ground ahead of the halving.
Bitcoin cooled off after jumping to its highest levels in nearly two months, when it was up as much as $9,478. Yet, stakeholders say crypto interest remains strong.
Bitcoin’s price is on the upswing, and so is the computing power securing the network as a once-in-four-years event known as the halving approaches.
Year to date, the native token of the Ethereum network’s 50 percent rally trounced bitcoin’s 7 percent gains.
Bitcoin traded sideways Friday, staying around $7,500. However, it regained its March losses and is showing upward momentum.
Bitcoin futures premiums have jumped into "contango" levels, a bullish signal.
Oil’s bounceback performance seems to be taking the driver’s seat in market activity. Bitcoin is also up, and ether’s price performance is even better.
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While oil futures continue to collapse, bitcoin holds steady, even making gains as the U.S. market closes lower.
Oil futures went negative today, bitcoin dipped below $7,000 and tether issuances went to $7 billion in today’s market wrap.
The Ethereum network has become the place where stablecoins proliferate. Can ether keep rising in price as a result?
Bitcoin and ether fell slightly Thursday as traditional markets climbed on additional stimulus measures by the U.S. Federal Reserve and Bank of England.