Daniel Phillips

Bitcoin (BTC) is once again in the green today, after rising from a low of $9,634 up to a peak of over $10,160 in the last 24 hours. Bitcoin now sits at just over $10,149 after gaining 4.5% since yesterday.

Bitcoin now has a market capitalization of almost $185 billion—just over $5 billion short of its highest value so far in 2020. Likewise, its hash rate is now approaching its highest ever value, currently sitting at just shy of 116 million TH/s. This shows that miners are ramping up their Bitcoin production.

At least one of the main reasons behind this recent bullish momentum can be attributed to Bitcoin's third upcoming halving event, which is currently predicted to occur in just over 80 days. At this time, the number of newly minted Bitcoin with every new block will be reduced from 12.5 to 6.25 BTC, thereby reducing the number of new Bitcoin that enter circulation.

> 78 days left until next #BitcoinHalving 
> ▓▓▓▓▓▓▓▓▓▓▓▓▓░░ 94%
> 
> — Bitcoin Halving Countdown (@Bitcoin_Halving) February 19, 2020

Barring stablecoins, the entire cryptocurrency market is performing well today, as the total market capitalization of all cryptocurrencies reached almost $297 billion—up 4.3% in the last day.

How to build a Bitcoin Lightning node for just $150
Although Bitcoin is responsible for the majority of this growth, altcoins like Ethereum (ETH) and Litecoin (LTC) are also racking up strong gains, having increased by around six percent apiece, while Tezos (XTZ) has gained 15% to reach its highest value this year at $3.77.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Bitcoin was built on several key innovations. Firstly, Nakamoto guaranteed that Bitcoin transactions were immutable, by recording all transactions on a distributed ledger known as a blockchain. Secondly, he ensured Bitcoin’s scarcity by capping the total number of Bitcoin in existence at 21 million. Finally, the community was incentivized to verify transactions by receiving rewards in the form of “mined” Bitcoin for checking the accuracy of the blockchain.

Bitcoin

Bitcoin (BTC) is a peer-to-peer cryptocurrency, originally described in a 2008 paper by the pseudonymous Satoshi Nakamoto. Launched in January 2009, it was the world’s first cryptocurrency, and remains the most popular, with the highest market capitalization of all cryptocurrencies.

Bitcoin was built on several key innovations. Firstly, Nakamoto guaranteed that Bitcoin transactions were immutable, by recording all transactions on a distributed ledger known as a blockchain. Secondly, he ensured Bitcoin’s scarcity by capping the total number of Bitcoin in existence at 21 million. Finally, the community was incentivized to verify transactions by receiving rewards in the form of “mined” Bitcoin for checking the accuracy of the blockchain.

Bitcoin price breaks $10,000 again. Will it hold? Image: Shutterstock.

<ul>
<li>Bitcoin's price has broken back up through the $10,000 mark.</li>
<li>Bitcoin's market cap is heading towards 2020 highs.</li>
<li>Altcoins are following Bitcoin's strong growth.</li>
</ul>

In brief

Insights into the biggest events shaping the crypto industry.

News

After gaining almost 5% in the last day, Bitcoin is on the uptrend ahead of its rapidly approaching third halvening.

Bitcoin (BTC) is once again in the green today, after surging from a low of $9,634 up to a peak of over $10,160 in the last 24 hours.

Bitcoin price surge pushes the cryptocurrency market up

After gaining almost 5% in the last day, Bitcoin is on the uptrend ahead of its rapidly approaching third halvening.

In brief

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