Bitcoin's mining-reward halving in May 2020 could leave prices for the cryptocurrency in a range between $20,000 and $50,000, according to a new estimate.
According to regression models and historical precedent, the upcoming bitcoin halving will boost the market price. So why isn’t that already priced in?
Bitcoin likely carved out a major price bottom in December, according to a non-price metric, which has proved as a reliable price indicator in the past.
Mining power on the litecoin network has dropped by 28 percent since its recent "halving" event as miners struggle for profit.
Litecoin, the fourth-largest cryptocurrency by market value, has just reduced its block reward for miners by half.
