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American banking giant JP Morgan Chase has accepted two clients involved in the emerging bitcoin sector.U.S. cryptocurrency exchanges Coinbase and Gemini received account approvals after a long wait, according to the Wall Street Journal.The news came just less than 24 hours after Bitcoin underwent a massively hyped “halving” upgrade.JP Morgan Chase will offer its banking…
On Monday, the Bitcoin block reward halving finally came to pass.It was an exciting event celebrated by tens of thousands of cryptocurrency investors, with thousands packing into celebratory live streams, tens of thousands liking halving tweets, and hundreds of thousands hearing about Bitcoin via the news.The halving was so popular that at one point, the…
Bitcoin’s halving is only a mere seven days away, and the bulls are already out in full force.However, according to an eerily similar price fractal that preceded oil’s recent, record-breaking fall into negative territory playing out on Bitcoin price charts, the halving may have the opposite effect than people are expecting.V-Shaped Bitcoin Recovery May Be…
Bitcoin’s halving is here in just one week, and the first-ever cryptocurrency is widely expected to rally as a result.But Bitcoin dominance has been consolidating at a key level. This could indicate that altcoins will soon outperform BTC with a sustained rally over the next several years.BTC Dominance Reached 0.5 Fib Level, Key Area for…
Ahead of Bitcoin’s block reward reduction or “halving,” BTC has performed extremely well.As this outlet reported previously, the cryptocurrency just printed its seventh consecutive week of gains. This is a technical feat last seen in April 2019, prior to the 300% bull market of that year.Calls have been mounting for Bitcoin to pullback, with Bloomberg…
Bitcoin’s highly anticipated mining rewards halving is only eight days away, and cryptocurrency investors have long been debating what the short-term impacts of this event will be.In the long-term it is unquestionably bullish due to it causing a 50% annual inflation reduction for BTC, but the short-term impacts are highly speculative, and limited data sets…
On 18 December 2017, after nearly two years of sustained gains, the price of bitcoin reached an all-time high of $20,000. Just over 17 months prior to the record value being hit, the cryptocurrency had undergone a rare event called a halving, which some analysts claimed had a profound effect on the market. Bitcoin is…
Bitcoin‘s halving is in less than three weeks away, and the biggest event in crypto has everyone talking and speculating once again. But while things are potentially looking bullish for Bitcoin, altcoins could get crushed during the explosive volatility expected when the BTC block reward halves in just a couple short weeks from now.Here’s why…
Now just over two weeks out is 2020’s Bitcoin block reward reduction, also known as a “halving.” It’s an event that has become the topic of conversation for many watching the cryptocurrency space. The halving has become so hyped, in fact, that an extensive article on the subject was recently featured on Bloomberg’s Terminal.With the…
Bitcoin price is once again trading at a level at which miners are making a profit from operating their expensive mining machinery, however, lower prices are still causing capitulation amongst the weakest miners with access to more expensive energy sources than the most elite.The mass capitulation is likely only to continue, as the cost of…