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Unlike a majority of other leading crypto projects, Bitcoin doesn’t have a formal company running it; the cryptocurrency is undoubtedly one of the most decentralized blockchain projects in the world, with no main offices, no CEO, no formal development schedule, and so on and so forth. This may leav..
There’s no hiding the fact that Bitcoin, at least in terms of its price, has underperformed amid the ongoing crisis unfolding around the world, caused by the coronavirus shutdowns the world’s governments have implemented. Since the February highs at $10,500, the cryptocurrency has fallen to $6,500,..
Despite the strides that have been made towards making Bitcoin and other cryptocurrencies a viable means of payment in today’s ever-changing world, most mainstream economists and investors see this asset class as anything but their namesake. In fact, they continue to rail that the sentiment that thi..
Miners secure the Bitcoin network by competing against each other to solve computational problems in order to make blocks, which are comprised of BTC transactions. Accordingly, one of the key measurements in the Bitcoin ecosystem is the mining difficulty rate, which tracks how hard it is for miners..
For over 48 hours, Bitcoin has flatlined — establishing a tight, less-than-10% range in the mid-$6,000s. This comes after BTC embarked on a 25% rally from the $5,000s to a price as high as $7,100 that transpired this weekend and early this week, which coincided with a smaller but equally-as-notable..
The entire world, including the Bitcoin industry, has been ravaged by the coronavirus outbreak over the past few weeks; indeed, to mitigate the spread of COVID-19, authorities have been forced to enact emergency measures, thereby shutting down thousands of businesses (both big and small) and resulti..
Despite the recent recovery seen in the value of Bitcoin, the confidence many investors had in the cryptocurrency asset class has weakened over the past few weeks due to the “Black Thursday” crash of March 12th, during which BTC lost 50% of its value within a 24-hour time period. This is evidenced ..
Even amid continued uncertainty about the future of the economy, Bitcoin has started to gain strength, rallying as high as $6,850 on Tuesday morning, a whole 80% higher than the $3,800 bottom the cryptocurrency established at the worst of “Black Thursday.” With this latest move higher, the cryptocu..
At $6,200, where the cryptocurrency trades as of the time of this article’s writing, Bitcoin is far below $20,000, its December 2017 all-time high. It’s even lower than $50,000 — a price that a leading investor says BTC could reach in a relatively short period of time. Here’s why he thinks so. Bit..
Prior to the recent crypto market crash, most estimates put the cost of mining at around $8,000. Case in point: the below chart from prominent trader Byzantine General showed that per data from March 8th, the BTC production cost and average miner cash flow had both trended towards $7,700. Both the..