29 May Bitcoin Is Suddenly Back On The Move
Bitcoin, after an anticlimactic supply squeeze earlier this week, has suddenly leaped toward $10,000.
The bitcoin price is up around 5% on the last 24-hour trading period and is still climbing—hitting $9,345 per bitcoin on the Luxembourg-based Bitstamp exchange.
Bitcoin traders and investors have been closely watching the bitcoin price after the … [+]
On Monday, the number of bitcoin rewarded to those that maintain the bitcoin network, called miners, was cut by half—dropping from 12.5 bitcoin to 6.25.
In the short term, the bitcoin price is widely-expected to be highly volatile as bitcoin miners try to balance the price with their running costs.
Many bitcoin traders and investors had warned the bitcoin price could crash in the aftermath of the halving—but those fears have yet to…