Bitcoin’s network health reaches new heights as the flight to safety continues
BTC $8906 (+0.6%) • ETH $208 (-0.6%) • XRP $0.22 (+0.5%)
As Bitcoin’s mining rewards halving fast approaches, the cryptocurrency is showing unprecedented signs of both technical and fundamental strength.
Not only has the benchmark crypto been able to post a major rebound from its mid-March lows of $3,800, but it has also been able to form greater fundamental strength – as seen by its hash rate reaching fresh all-time highs.
Further adding to the growing list of factors counting in bull’s favor is the fact that investors are continuing their “flight to safety” as the Coronavirus pandemic shows few signs of letting up anytime soon.
More news ⏬
BAT developer reveals why the project chose Ethereum over Bitcoin
Basic Attention Token (BAT), the cryptocurrency powering the wildly popular Brave browser, was initially issued on Bitcoin before switching to Ethereum, a project developer revealed on May 4.
How Cardano will be used to fight counterfeiting
The lab at the University of Wyoming has been working on an anti-counterfeiting solution based on the Cardano blockchain.
Analyst: Central banks are making buying Bitcoin’s intrinsic value “common sense”
One of the most common critiques of Bitcoin is that it — or its intrinsic value in particular — is too hard to understand.
Crypto market wipes out $14 billion as feared Bitcoin halving dump starts
The crypto market lost $14 billion overnight as the Bitcoin price dropped from $9,200 to $8,600 by more than 6.5 percent.
Ethereum shows strong outperformance of ERC-20 tokens as many fade to darkness
ERC-20 tokens have become a large component of the Ethereum ecosystem, but many of them have seen unprecedented losses throughout the past year, with only a handful being able to outperform ETH.
Analyst: Model predicting Bitcoin will hit $288k is no better than “moon cycles”
To most, Bitcoin’s rally from literal irrelevance to becoming one of the most valuable assets in the world is hard to explain.
What else?
👨🏻⚖️ Is Bitcoin personal property or not? Recent stolen crypto cases are providing clarity
🤒 Analyst claims XRP may never recapture $1.00 as its underlying health degrades
🎯 Ethereum 2.0 launch and Bitcoin halving are 2 perfect catalysts for a bull run
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Disclaimer: 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.