Bitcoin News Today – Headlines for May 12
发布时间：2020-05-13 10:10:07 发布人：TokenString
Bitcoin News Today – The long-anticipated Bitcoin halving event took place Monday, May 11. When the event took place, the price of Bitcoin was below its 10-day and 50-day moving averages, and these are bearish signals after the digital currency plunged by more than 10 percent on May 10. Many traders and investors attributed the massive decline to an outage striking Coinbase – a San Francisco-based digital currency trading platform.
What Is Next After the Bitcoin Halving?
At the time of writing this article, Bitcoin is changing hands at $8,700 after an increase of less than one percent over the past twenty-four hours. The just-concluded Bitcoin halving event reduced the reward for mining a block from 12.5 to 6.25 BTC. This event took place amidst economic unpredictability as a result of the COVID-19 pandemic.
Bitcoin (BTC) Price Today – BTC / USD
#
Name
Price
24H %
1
Bitcoin(BTC)
$8,918.24
3.50%
The CEO of an Argentina-based digital currency trading platform Ripio – Sebastian Serrano – said that:
“The international scenario is somewhat different than in the previous Bitcoin halving in 2016. Bitcoin (BTC) has never been tested during a global economic crisis. Hence, we can expect anything to happen.”
The managing partner of Fairfield Strategies – Katie Stockton – also added that traders are anticipating unpredictability in the price of the digital currency for the near term, so volatility is expected. Stockton further added that:
“We do not have a large sample size of the previous halving events, but they have all had a positive effect on the sentiment after a short-term period of volatility.”
Bitcoin’s Halving Will Be More Meaningful over a Long Time Horizon
The founder of Quantum Economics – Mati Greenspan – said that the halving event might not have much effect on the digital currency at the moment. However, he agrees that the event will be a meaningful one over a long time horizon. He added that the event is likely to have an impact on the price of the digital currency over the long term, as the reduction in coins mined daily will create more scarcity.
Antpool Mines the First New Block
Antpool – the fourth largest mining pool by computing power – mined and relayed the first block in the new 6.25 BTC per block mining cycle. The immediate implication after the halving is that the daily mining limit of the digital currency will reduce to 900 units from 1,800 units. This also means that digital currency miners will see their rewards reduced. However, this event would create some sort of scarcity that would help to push the price of the digital currency higher in the long run.
Bitcoin News Today – The long-anticipated Bitcoin halving event took place Monday, May 11. When the event took place, the price of Bitcoin was below its 10-day and 50-day moving averages, and these are bearish signals after the digital currency plunged by more than 10 percent on May 10. Many traders and investors attributed the massive decline to an outage striking Coinbase – a San Francisco-based digital currency trading platform.
What Is Next After the Bitcoin Halving?
At the time of writing this article, Bitcoin is changing hands at $8,700 after an increase of less than one percent over the past twenty-four hours. The just-concluded Bitcoin halving event reduced the reward for mining a block from 12.5 to 6.25 BTC. This event took place amidst economic unpredictability as a result of the COVID-19 pandemic.
Bitcoin (BTC) Price Today – BTC / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 1 |
|
$8,918.24 |
3.50%
|
The CEO of an Argentina-based digital currency trading platform Ripio – Sebastian Serrano – said that:
“The international scenario is somewhat different than in the previous Bitcoin halving in 2016. Bitcoin (BTC) has never been tested during a global economic crisis. Hence, we can expect anything to happen.”
The managing partner of Fairfield Strategies – Katie Stockton – also added that traders are anticipating unpredictability in the price of the digital currency for the near term, so volatility is expected. Stockton further added that:
“We do not have a large sample size of the previous halving events, but they have all had a positive effect on the sentiment after a short-term period of volatility.”
Bitcoin’s Halving Will Be More Meaningful over a Long Time Horizon
The founder of Quantum Economics – Mati Greenspan – said that the halving event might not have much effect on the digital currency at the moment. However, he agrees that the event will be a meaningful one over a long time horizon. He added that the event is likely to have an impact on the price of the digital currency over the long term, as the reduction in coins mined daily will create more scarcity.
Antpool Mines the First New Block
Antpool – the fourth largest mining pool by computing power – mined and relayed the first block in the new 6.25 BTC per block mining cycle. The immediate implication after the halving is that the daily mining limit of the digital currency will reduce to 900 units from 1,800 units. This also means that digital currency miners will see their rewards reduced. However, this event would create some sort of scarcity that would help to push the price of the digital currency higher in the long run.
