Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving
Bitcoin mining difficulty increased to 16.10 trillion (T) on Tuesday, close to the network’s all-time high of 16.55T recorded in March.
Bitcoin's third halving, Consensus:Distributed and a pullback after the bulls make another run at $10,000. It's Markets Daily from CoinDesk.
Casual investors are hearing about bitcoin more often while professionals are taking advantage of a growing derivatives market.
With the highly anticipated bitcoin halving reducing new mining supply, what are crypto traders thinking about upcoming market behavior?
Nearly 85% — or 25.79 million — of addresses holding bitcoin are now “in-the-money.”
Bitcoin’s price keeps gaining as people increasingly talk about the halving - but the event’s potential after-effects may be considered an afterthought for many investors.
“If price performance following the November 2012 and July 2016 halvings is any indicator, bitcoin’s price should increase significantly over the 10- to 12-month period following the [third] halving,” said Huobi’s Ciara Sun.