Bitcoin’s hash rate climbed 8,100% since the last halving; will history repeat?BTC $8751 (+0.6%) • ETH $189 (+0.5%) • XRP $0.20 (-0.5%)
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Bitcoin’s intense strength seen throughout the past several days and weeks showed some signs of degrading today. This comes after BTC shed over $20 billion off of its market capitalization during its sharp $2,000 decline seen yesterday evening. The benchmark cryptocurrency is now flashing some signs of immense short-term bearishness, as indicated by a few key technical indicators. The long-term outlook for the cryptocurrency remains incredibly bright, however, and its development from a fundamental perspective in the time since its last halving event in 2016 is clearly elucidated by its hash rate’s parabolic growth.
More news ⏬XRP users can now fully delete crypto wallets, thanks to new Ripple update
In a first for the cryptocurrency market, a community-consensus for Ripple last week approved an amendment to the XRP ledger, allowing users to delete existing wallets. Charles Hoskinson: Cardano’s Pioneers will start testing Shelley Stakepool today
With the Shelley node running, the launch of Cardano’s proof-of-stake era has never been closer. Sorry bulls: On-chain metrics show Bitcoin is highly bearish ahead of halving
Bitcoin’s halving is finally here. After years of waiting, the long-awaited event has arrived that will see the number of coins issued per block cut in half — hence “halving — from 12.5 to 6.25. ConsenSys survey finds 65 percent HODLers want to stake after ETH 2.0, expect 7 percent annual returns
Ethereum’s much-awaited 2.0 “Serenity” update, rumored for a July 2020 launch, presumably marks a new era for staking applications. BlockDown 3D virtual conference returns in June following smash-hit debut
The BlockDown 3D virtual conference made an extremely successful debut in April, drawing in thousands of participants from across the globe who were interested in interacting with the prominent blockchain companies and speakers that attended the event. Bloomberg analyst shares 5 reasons why he’s bullish on Bitcoin in 2020
Although Bitcoin’s market capitalization is still extremely small compared to that of other assets, like the dollar or Apple, the cryptocurrency is rapidly gaining traction with mainstream investors. What else?📈 Michael Novogratz: We should be valuing Ethereum like Wall Street values Facebook 🔑 Why Paul Tudor Jones’ Bitcoin investment is a “big deal”: crypto fund manager 🐿 Ethereum accumulation trend shows it may be primed for a major upside movement Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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