Block reward halvings cut the rate at which new coins are generated on a given blockchain by 50%. Such events, known jokingly as “halvenings,” have long been anticipated by cryptocurrency traders as catalysts for pushing up the price of their cryptocurrency holdings. Past attempts to predict when Bitcoin’s (BTC) price would increase in relation to halvings have proved inconsistent at best. However, few would be willing to quickly discount the mechanisms described in the law of supply and demand. All things being equal, as the number of coins available on…
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Bitcoin’s rollercoaster ride, Ether shines, XRP mystery: Hodler’s Digest, Jan. 3–9
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Brace for impact? After hitting $42,000, Bitcoin price volatility may rise Another week, another spate of all-time highs. Bitcoin managed to crack $42,000 on Friday, surging by 9% in just three hours. A sharp correction soon followed, with prices tumbling by 7% in the following…
Read MoreLitecoin briefly flips XRP as 4th largest crypto amid Ripple–SEC spat
Litecoin (LTC) and XRP briefly traded places in market capitalization rankings over the weekend, highlighting the impact of the recent lawsuit against Ripple filed by the United States Securities and Exchange Commission. The so-called “flippening” happened early Sunday when Litecoin’s market cap hit $9.95 billion following a more than 12% surge in price. XRP, meanwhile, had declined in excess of 25% over a 24-hour trading period. LITECOIN JUST FLIPPED XRP pic.twitter.com/yjBq15JtpV — HODLGeorge (@BitfuryGeorge) January 3, 2021 At press time, XRP was back in the fourth position with a market…
Read More2021 price outlook: BTC, ETH, XRP, LTC, BCH, LINK, ADA, BNB, DOT, XLM
Bitcoin price remains in a strong uptrend and this presents a rosy outlook for BTC and many altcoins. Source link
Read MoreLaunching crypto into orbit – Cointelegraph Magazine
At first glance, an out-of-this-world plan to launch a network of crypto satellites into space, sounds like one of those grandiose ideas that never got much further than a vague outline in an ICO white paper back in 2017. But when the plan comes from a team including a Google X engineer and the co-founder of the first private mission to reach the moon, the project suddenly seems a lot more feasible. The idea behind CryptoSat — which was indeed first outlined in a November 2017 paper — is to…
Read MoreBitcoin breaks records, what happens next, Coinbase IPO: Hodler’s Digest, Dec. 13–19
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Another day, another all-time high — Bitcoin hits $24,000 in weekend surge On Dec. 18, 2017, Bitcoin hit an all-time high of $19,891.99. Years of price falls and drama followed. Nonetheless, believers remained confident that one day, one day, BTC would manage to crack…
Read MoreLitecoin, Dogecoin and large-cap altcoins rally as Bitcoin price hits $23.8K
Litecoin (LTC) and Dogecoin (DOGE) are rallying strongly as Bitcoin (BTC) fights to stay above $23,800. Many analysts say the surge in large-cap altcoins is directly connected to Bitcoin’s price action and historical data shows the two tend to move in tandem when BTC goes through bull and bear cycles. As altcoins begin to show signs of newfound momentum, traders are becoming even more confident in the strength of BTC’s trend. Throughout December, altcoins stagnated against Bitcoin, particularly as BTC struggled to break out of the $18,000 to $19,400 range but…
Read MoreBTC drops, XRP is ‘toxic waste,’ Facebook’s Diem in trouble: Hodler’s Digest, Dec. 6–12
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin’s price correction continues, dashing hopes of $20,000 in 2020 What a difference 10 days makes. At the start of the month, the markets were euphoric as Bitcoin touched a new all-time high. But at some points this week, BTC has been down 10%…
Read MoreTop 5 cryptocurrencies to watch this week: BTC, XLM, CRO, BNB, LTC
Traders are accumulating Bitcoin on dips and a break above $11,600 could resume the uptrend to $12,000. Source link
Read MoreBitcoin carnage, Eth2 milestone, Libra launch, PayPal blunder: Hodler’s Digest, Nov. 21–27
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Buy the Dip Bitcoin price tumbles, falling below $17,000 in biggest crash since March At the start of the week, the crypto markets were brimming with optimism. Bitcoin was one resistance zone away from all-time highs, altcoins were rallying by triple digits, and the…
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