Bitcoin Tracks Stocks Up to $7.4K Before Sliding Back to $7.1K
Bitcoin trended higher along with many traditional markets Tuesday before changing direction and falling as U.S. stock trading closed.
As central banks around the world inject trillions into the global economy, investors are looking at bitcoin and its "halving" as a hedge against inflation.
While some expect today's reward cut for BCH miners to belong-term bullish for prices, analysts suggest otherwise.
Bitcoin Cash, the blockchain network that forked off Bitcoin in 2017, has just reduced its mining rewards by half, causing lots of miners to have nearly zero gross margin.