Cryptocurrency news: Bitcoin was leaked, halving, who threw Durov, the Federal Reserve works for Trump

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    Новости криптовалют
    Cryptocurrency news

    As soon as bitcoin reached $ 10,000, it was immediately dropped by more than $ 1,000 in less than hour. It was a market punishment for a huge percentage of optimists who believed in the continuation of the uptrend and the start to a new maximum of the BTC price.

    Halving of bitcoin has already arrived. What will happen to miners immediately after halving the award and in the scope for the coming years? Is it worth worrying for BTC users and can this affect the price?

    Also today we will analyze what happens to the stock market , why it is growing, spit on all the negative news, and what does Donald Trump have to do with it. And also who crossed the road to Pavel Durov and launched the blockchain TON , without waiting for Telegram to solve its problems.

     

    Bitcoin

    Цена биткоина во время халвинга
    Bitcoin price during the halving

    On May 8, bitcoin fought for $ 10,000, but could not gain a foothold there. After this, the correction was quite expected, but after all, do not fall by more than $ 1,000 in just an hour, as it happened on the 10th.

    There were no factors for such a powerful drain, except for one. There was a high level of optimism on the market:

    Уровень оптимизма на период халвинга биткоина
    Optimism level for the bitcoin halving period

    The diagram shows that as the event approaches and the rise in the price of bitcoin increased, and the number of optimists who were waiting for the exchange rate of $ 10,000. But the result of the last such poll on May 5, and as you can see, the number of optimists at that time was 47%:

    [19459026 ]
    Optimism in the bitcoin market

    Is it any wonder that the exchange , “to you "and a universal evil decided not to miss this opportunity and take your profit? Only on BitMEX were liquidated positions for $ 300 million.

    I must say that we escaped with a slight fright, because everything could be much worse. In the meantime, on the daily chart, you can draw an uptrend line:

    Восходящий тренд на графике биткоина
    An uptrend on the bitcoin chart

    And let it indicate the possibility further bulls retreat to the price of $ 8,000, but this is still rising.

    Also on the weekly chart, although with a huge red doji candle, which is bad for the bulls, but still we closed above the 50-week moving average:

    Свеча доджи на графике биткоина
    Doji candle on the bitcoin chart

    Halving

    Халвинг биткоина
    Halving of bitcoin

    at the University of Cambridge prepared a world map of mining:

    Мировая карта майнига
    World map of mining

    We clearly learned that Russia and Kazakhstan They occupy the third and fourth place in bitcoin mining. Therefore, look at your neighbors, it is quite possible one of them is a miner.

    And Iran also came in sixth with almost 4% of the global hashrate. The authorities there do not really like cryptocurrency , but mining are encouraged and even officially regulated. That is, they sell cheap electricity to those miners who are ready to share their income with the state, and as you can see, this approach has brought the country to the TOP.

    I want to note that while there is an opportunity, miners are trying to squeeze the most out of the situation, so on the eve of halving, the bitcoin hash rate went up again. On May 3, Glassnode recorded a new record of 140 EH / s:

    Cryptocurrency News
     

    It can be assumed that the idea came from TON Labs, which actively hyped on Durov's blockchain project and even developed an operating system for TON. But it turned out that they sawed the interface for a long time for a platform that never started. So they decided to implement their work at least somewhere, in the hope that after they print their tokens and launch them on exchanges, it will be possible to collect at least some money from this.

    As you can see, we are extremely skeptical about this project and that’s why. The idea of the Gram cryptocurrency rested on its integration with the Telegram messenger. In addition, it meant a whole set of additional services that turned your favorite messenger into some kind of alternative Internet.

    And instead of all this, we are offered the issue of some new token , which can be chased from wallet to wallet. Well, why then do you need it, except to pick up on the remnants of the project’s popularity and try to make money on it?

    You can follow the latest news about cryptocurrencies in our section: cryptocurrency news .

    Read also:

    Bitcoin grew by 140%: what next

    Loss of $ 49 billion : Buffett’s strategy no longer works

    Prospects for the DeFi market in 2020

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