$98,170.00
6.02%$3,440.93
10.54%$2.30
16.53%$676.63
9.12%$192.78
9.24%$0.335949
25.12%$0.999616
-0.12%$0.957243
24.86%$3,432.13
10.30%$0.250863
11.28%$40.55
19.55%$23.80
18.28%$4,086.70
10.20%$5.48
13.98%$4.73
34.85%$0.00002298
23.04%$97,966.00
5.90%$0.375752
19.34%$7.43
21.57%$33.48
43.92%$0.268418
13.94%$3,443.09
10.80%$467.42
19.25%$9.27
1.33%$13.86
22.98%$0.0000188
29.09%$103.68
18.80%$3,634.01
10.49%$5.37
17.88%$4.30
15.11%$0.999057
0.25%$10.58
5.84%$10.90
22.67%$0.999546
-0.05%$321.26
17.55%$0.168406
18.25%$0.502023
20.72%$27.34
14.95%$1.22
20.92%$7.61
23.90%$0.04841201
25.20%$3.94
14.45%$484.98
20.30%$192.41
14.29%$1.36
20.01%$24.52
0.73%$1.17
35.13%$0.802006
18.58%$5.23
18.17%$0.125135
12.72%$1.067
24.09%$0.354789
24.22%$46.16
9.91%$7.02
19.65%$2.70
30.40%$1.78
13.37%$1.81
21.33%$1.89
16.51%$0.0000333
32.80%$1.46
18.40%$5.36
22.06%$1.033
48.56%$2.27
29.20%$22.24
18.78%$2.15
23.15%$0.222979
20.20%$3,442.97
10.21%$98,272.00
6.13%$0.454508
21.10%$0.03034356
30.46%$2.36
19.53%$5.33
17.28%$3,548.97
9.91%$0.03586899
26.55%$3,856.12
10.56%$0.00017864
22.25%$0.998947
0.38%$118.08
23.27%$13.25
11.80%$0.03838236
28.43%$3,618.55
10.30%$1.78
26.45%$0.02813984
12.61%$18.92
11.37%$0.02874152
31.83%$98,212.00
6.05%$1,674.92
11.25%$0.59709
25.25%$3.33
0.15%$0.389977
19.61%$0.999691
-0.19%$1.36
24.06%$1.38
13.13%$0.234388
22.49%$98,070.00
5.98%$0.13714
24.56%$11.31
10.81%$4.61
20.42%$0.856915
20.35%$3,540.03
10.53%$7.11
17.16%$196.54
8.89%$36.95
15.64%$0.883149
17.67%$1.66
25.93%$0.754137
19.29%$0.078328
20.01%$0.501694
16.08%$17.26
19.00%$0.315207
23.86%$56.06
16.60%$1.56
20.67%$0.965377
26.68%$0.86903
25.19%$0.00000111
15.19%$1.15
16.64%$240.37
8.99%$14.80
17.14%$6.59
23.36%$36.75
23.46%$0.502578
20.88%$0.503806
19.88%$97,262.00
4.21%$1.22
20.99%$0.882601
-8.33%$5.36
28.79%$3,435.40
11.83%$97,714.00
5.57%$54.78
32.27%$0.00000218
9.41%$4.03
12.80%$3.10
12.05%$0.090402
21.50%$3.36
19.67%$0.286742
19.70%$0.733843
34.03%$0.168359
18.49%$0.810012
24.06%$0.645015
19.40%$3,443.15
10.67%$85.09
22.64%$205.32
9.32%$0.997875
0.43%$2.51
20.70%$1.98
16.75%$0.796181
46.68%$1.64
31.41%$2.14
14.83%$3,442.53
10.17%$0.00003642
17.14%$22.26
20.45%$0.0070154
27.13%$1.56
20.76%$0.00826662
18.24%$0.336427
25.12%$268.58
15.88%$0.78191
23.16%$0.187073
22.90%$0.0066829
18.45%$0.684145
15.38%$97,135.00
8.36%$0.668469
26.54%$5.91
20.74%$2,628.66
1.09%$0.995221
0.29%$0.00
32.49%$3,620.54
10.39%$0.01168637
26.27%$0.00011396
24.17%$2.54
22.16%$3,726.26
10.39%$0.00883916
25.00%$19.84
28.41%$1.26
-1.58%$0.086558
20.08%$0.00653599
23.87%$27.66
16.66%$0.277853
17.92%$1.12
22.01%$3,443.16
10.74%$11.12
18.88%$0.407269
20.32%$1.36
30.29%$1.30
23.16%$0.546165
39.14%$14.56
32.87%$0.077483
4.40%$98,136.00
6.02%$1.018
0.23%$0.999342
-0.26%$0.00000053
9.97%$0.054385
44.28%$2,624.70
0.95%$1.56
17.09%$32.79
29.46%$0.01137256
24.05%$97,323.00
6.34%$3,436.77
10.59%$8.91
-13.30%$5.01
18.19%$3,442.60
10.58%$0.458585
22.03%$1.001
0.31%$0.00656925
39.17%$0.062913
18.11%$38.60
21.19%$0.291158
61.73%$0.067447
17.02%$0.00256496
25.09%$0.00658508
19.26%$0.00583852
25.52%$97,934.00
6.28%$2.15
19.09%$3,590.26
10.25%$3,698.69
10.74%$0.00105621
21.92%$1.06
-0.40%$0.02233345
24.07%$3.28
14.48%$26.81
58.70%$0.235871
25.29%$0.073947
12.79%$0.00000337
26.97%$0.486578
19.16%$5.26
6.64%$0.999545
2.08%$0.21727
19.72%$1.077
-0.20%$88.64
3.83%$2.56
22.67%$0.999406
0.07%$0.697024
21.24%$0.00000018
14.82%$3,800.62
10.39%$0.03885121
13.00%$3.05
12.72%$3.53
19.12%$0.14457
13.52%$0.90843
11.16%$0.03741936
21.94%$47.78
20.11%$0.762933
30.96%$0.0110287
22.24%$0.36968
17.29%$1.003
0.02%$0.368177
22.78%$0.366394
68.67%$0.03849744
21.07%
Update [13:00 UTC]: A sudden surge of sell orders have knocked the Bitcoin price back down. After reaching highs of $9,160, the price of Bitcoin fell nearly $500 to touch $8,730. Since then the price of Bitcoin has recovered to $8,920 and is rising back towards the $9,000 mark.
The price of Bitcoin has broken through the $9,000 mark on the day of the Bitcoin halving. While Bitcoin's price was nearing $10,000 just yesterday, it suddenly dropped down to lows of $8,450, struggling to recover.
It is currently in the low $9,000 area at time of writing—around $9,045—but the price is fluctuating wildly.
The Bitcoin halving is an event where the new supply of Bitcoin gets cut in half. Speculators argue that this could either boost the price of Bitcoin or make the network more expensive, and slower to use—potentially making it less usable and less valuable. It is set to occur at 7 pm UTC (3 pm ET) today.
Even China has been discussing the impact of the halving on the price of Bitcoin. A Chinese state-owned broadcaster published an article on Sunday about Bitcoin’s upcoming halving. It spoke of the “skyrocketing [price] of Bitcoin” ahead of the halving and pointed out that legendary hedge fund manager, Paul Tudor Jones, had proclaimed to his investors the benefits of the cryptocurrency.
8 hours left until #BitcoinHalving
▓▓▓▓▓▓▓▓▓▓▓▓▓░ 99%— Bitcoin Halving Countdown (@Bitcoin_Halving) May 11, 2020
Bitcoin's trading volume is fairly high at $48 billion over the last 24 hours. Yesterday, it saw a recent high of $63 billion.
Bitcoin's market dominance has increased to 67.5% from 63.7% on April 27. This is the percent of the entire crypto market cap that Bitcoin holds.
The recent surge has added $8 billion to the cryptocurrency market cap, which is now at $242 billion, although it's still down from recent highs of $270 billion.
Despite Bitcoin's growth today, most other cryptocurrencies are posing minor losses. In the top ten, Tezos is down six percent and Bitcoin SV has dropped 3.5%. Outside of the top ten, Digibyte is down six percent and Hyperion, 16.3%.
But with seven hours to go until the halving, anything could happen.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
