Market Wrap: Bitcoin at $9.9K as Halving Chatter Increases
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.
With the highly anticipated bitcoin halving reducing new mining supply, what are crypto traders thinking about upcoming market behavior?
Bitcoin's third halving, Consensus:Distributed and a pullback after the bulls make another run at $10,000. It's Markets Daily from CoinDesk.
Institutions are buying more bitcoin per month than what's being mined, and there just isn't enough for everyone.
Casual investors are hearing about bitcoin more often while professionals are taking advantage of a growing derivatives market.
Nearly 85% — or 25.79 million — of addresses holding bitcoin are now “in-the-money.”