Useful articles from category "Analysis"

Users have withdrawn a record number of bitcoins per day from exchanges since the beginning of 2020. Glassnode reports that 20,660 more BTC were withdrawn on July 8 than deposited. Most of all, the outflow was on the Coinbase exchange, despite the growth in the number of deposits, they are still less than withdrawals.

Bitcoin miners' incomes fell by almost a quarter in June. This is reported by CoinDesk and considers the May halving to be the reason. For comparison: in May, the total income of miners amounted to $ 336 million, and in June – only $281 million.

Payments company PayPal, together with the mobile payment service Venmo, will launch the direct purchase of cryptocurrencies. Access to the functional similarity of cryptocurrency wallets will be given to 325 million customers of these services.

Steve Forbes called bitcoin and cryptocurrencies in general a way to protect against inconsistent economic policies of states.

Glassnode Predicts Bitcoin Rally in the Nearest Future

The price of bitcoin rose above $10,000 for the first time in three months, and then fell sharply to $9100

Cryptocurrency analyst from Twitter under the nickname CryptoKea believes that the trend of stagnation of miners is intensifying:

The Antpool pool that mined this block received a reward of only 6.25 BTC. The main consequence of halving is a decrease in the amount of BTC for sale, which will lead to an increase in the exchange rate.

Before that, the rate of the main cryptocurrency reached the rate of $9,203, but subsequently fell again to $8,600, which is probably due to the US accusing the Chinese authorities of concealing information about the coronavirus.