Skip to main content

###Bitcoin's market cap breaks $170 billion ahead of Halving


Free Crypto Signals Mobile App -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app



          Visit - https://t.me/cryptosignalalert


For more new latest update on Cryptocurrency, Free Crypto signals & Bitcoin Binance auto trading BOT visit above given Telegram group
Bitcoin's price has confidently broken the $9,000 mark, pushing its market cap even higher—with just six days to go until the Bitcoin halving


Bitcoin's price has shot up through the $9,000 mark, reaching its current price of $9,265. This positions its market cap above $170 billion.

Bitcoin's price has been steadily building over the past two months. After seeing recent lows on March 13, at $4,500, its price has now rebounded up 105%.

Today's price rise comes just six days ahead of the Bitcoin halving.
On May 12 (or thereabouts), the new supply of Bitcoin will be cut in half, reducing its rate of inflation. This event happens every four years. The last halving was in 2016. While coin holders are gently optimistic that the supply shock might put upwards pressure on the price of Bitcoin, miners will be hit by the sudden reduction in revenue.



Coming in to the halving, Bitcoin's dominance remains high, at 66.5%. This is Bitcoin's percentage of the entire cryptocurrency market cap. It has seen a slight uptick from 63.7% at the end of last month but is still down from recent highs of 88%.

Other coins are in the green too, with Ethereum up two percent today to reach $210 and XRP up two percent to its current value of $0.22. All coins in the top ten are showing positive gains today.


Notably, Digibyte is up 14% as it continues its strong bullish performance. The coin is up 930% in the last two months.
In contrast, some low cap coins are in the red. Eighty-ninth-ranked Streamr is down six percent while 42-ranked Hyperion is down 17%.






Labels:

Comments

Post a Comment

Popular posts from this blog

#FREE Wazirfx Coinswitch Binance Bittrex Signals on Telegram & Crypto trading BOT

      Free Crypto Signals - https://t.me/btctradingclub Crypto trading BOT which copied all signals in your account no need manual trading, learn Crypto trading basic training provided learn when buy/sell in market make daily profit in your account for more join above given telegram group FREE Crypto signals on telegram for Binance, Bittrex, Binance Futures, Wazirfx, Coinswitch, kraken, Bybit, Bitmex & many other exchanges get daily 4-5 signals around 80-90% accuracy. All signals are provided by our Experts who are in Crypto Industry  for more than 5 years. The signals are given with proper take profit and proper stop loss for making daily join above given Telegram group
Post a Comment
Read more

#Cryptocurrency experts predict bullish impact of Bitcoin Halving

Free Crypto Signals Mobile App - https://play.google.com/store/apps/details?id=com.freecryptosignals.app           Visit - https://t.me/cryptosignalalert For more new latest update on Cryptocurrency, Free Crypto signals & Bitcoin Binance auto trading BOT visit above given Telegram group The largest event in the cryptocurrency calendar is almost upon us, with the Bitcoin block reward halving being just one week away, here is what the experts have to say about its perceived impact on price action. According to Simon Peters, analyst at investment platform eToro, the halving could not only see the price of bitcoin rise, as it has done following previous halvings, but it could also result in a whole new brand of crypto investors. Peters explains: “During and after the first halving in 2012, the key investors were those already involved in the asset class. The bitcoin investor base was almost exclusively made up of those in the know; bloc...
Post a Comment
Read more

##Here's what the Bitcoin halving looks like. Literally

Free Crypto Signals Mobile App - https://play.google.com/store/apps/details?id=com.freecryptosignals.app           Visit - https://t.me/cryptosignalalert For more new latest update on Cryptocurrency, Free Crypto signals & Bitcoin Binance auto trading BOT visit above given Telegram group A deep dive into the code that will make the Bitcoin halving occur and the secret limit to the number of halvings In brief: The Bitcoin halving will happen in five days. Bitcoin miners will see their mining rewards cut in half. Here's what that actually looks like. With six days left until the Bitcoin halving, the event has become one of the most talked-about topics in the crypto industry. Experts have been racing to weigh in on the effects the halving will have on the market, with many arguing over whether or not the halving has already been “priced in.” The total supply of Bitcoin is capped at 21 million coins, which means that on...
1 comment
Read more