The price of bitcoin continues its rise ahead of next week’s anticipated halving. That event is trending as a topic on social media, even as few appear to be considering what may happen after it’s over. At press time bitcoin (BTC) was trading up 6.5% over 24 hours, currently at $9,882. It’s been on a run upward on high volume since 12:00 UTC (8 a.m. ET), moving from $9,270 during that time to as high as $9,971 on spot exchanges like Coinbase. Bitcoin trading on Coinbase since May 5Source: TradingView Discussion of “bitcoin halving,” the once-every-four-year event that will lower by […]
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With less than a week to go before the expected May 12 halving event, bitcoin’s price is swinging upward. The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue after the halving. In early trading at 00:00 UTC, the world’s oldest cryptocurrency was around $8,957 before jumping as high as $9,399 at 13:00 UTC (9 a.m. EDT) on spot exchanges including Coinbase. It was changing hands at a price above its 10-day and 50-day technical indicator moving averages, signaling bullish sentiment Wednesday. At press time bitcoin (BTC) was […]