News from the world of Crypto

SocialMedia.Market
May 24 · 3 min read

You can now send and receive Bitcoin on Whats App

Cryptocurrency market survived after the earthquake

According to CoinMarketCap, over the past 24 hours, the price of Bitcoin SV increased by 76.67%, reaching $111.33. As a result of strong growth, the capitalization of BSV came close to $2 billion. At the same time, the price reached $139- the high of the current year.

Bitcoin will continue to grow

We recall that on May 20, 2020, the Bitcoin mining remuneration will be half reduced. At the moment, the miners receive 12.5 BTC for each block, and from next year this number will be reduced to 6.25 BTC. Indeed, some crypto enthusiasts, analysts and experts note inverse relations between the mining reward and the price of the first cryptocurrency. Thus, a reduction in remuneration should lead to an increase in the price of BTC. It is quite logical because mining is quite expensive and should be profitable, which is possible with an increase in the price of mined coins. But this survey reflects only the expectations of most users.

Binance — not so smooth

Some users noted problems with cancelling trade orders or logging in. Despite these issues, the demand for BTC and other coins from the TOP 16 remains steady. It can be explained only by the fact that cryptocurrencies perform one of the main functions — a means of payment.

There are more and more optimists

The analyst focuses on fundamental factors, mentioning the rapid development of the cryptocurrency market and the increasingly active use of crypto. Large US retailers already accept cryptocurrencies for payment due to the partnership with Gemini and Flexa.

However, the more crucial fundamental factor contributing to the rapid increase in the popularity of BTC as a payment instrument was the decision of Donald Trump to raise tariffs for China.

SocialMedia.Market

The first decentralized ecosystem for influencer marketing.

SocialMedia.Market

Written by

The first decentralized ecosystem for influencer marketing.

SocialMedia.Market

The first decentralized ecosystem for influencer marketing.