Cryptocurrency news: Bitcoin was leaked, halving, who threw Durov, the Federal Reserve works for Trump
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.
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:
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%:
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:
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:
at the University of Cambridge prepared a 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: