08 August 2020
01 August 2020
Bitcoin in the News : 2020-07 Price
This month's price chart hit a glitch on 21 July. The usual 'Index' view showed a spike from 9000 to 16000 USD, followed by a quick return to 9000. The spike flattened the curve across the entire month, as shown in the top portion of the following image. The bottom portion is similar to the usual monthly chart, this time using a 'Coinbase' view.
[TBD]
11 July 2020
04 July 2020
13 June 2020
06 June 2020
16 May 2020
The Halving
In last week's post,
Bitcoin in the News : 2020-04 More++,
I wrote,
The halving will occur sometime in the next week. I'll come back to the subject after we know its immediate effects.
The chart below shows bitcoin price and volume for the past week. (NB: This is unlike most of my 'Bitcoin in the News' charts, which cover an entire month.) Before I looked up the exact time of the halving, I guessed it was on 11 May, based on the price volatility and the volume spikes that day.
Cointelegraph -- the service behind the price chart -- announced,
Bitcoin’s third halving event took place at 7:23 p.m. UTC [Universal Time Coordinated, aka GMT] on Monday [11 May 2020], according to data from Tradeblock.com. Having overcome the halving, Bitcoin is trading at $8,500, with market dominance of 67% as of press time, according to Coin360.
in a story, It Happened: Bitcoin Just Experienced Third Halving in Its History, published that same day. Note also the 1000 point drop and volume spike -- the largest of the week -- on the previous day, 10 May. I'll look at these events in more detail for next month's 'Bitcoin in the News' price post.
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