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halving

Why Bitcoin Likes a Hard-On Environment

Why Bitcoin Likes a Hard-On Environment

ByteTree Market Health Update; Issue 65 I want to re-examine the current macroeconomic environment and how it impacts the Bitcoin price. It has been a rough week so far, but one thing I can be sure of is that Bitcoin loves hard-on macroeconomic conditions. I wrote much about this in

Miners Dump the Rally

Miners Dump the Rally

ByteTree Market Health Update; Issue 31 Over the past week, Bitcoin transaction value (brown line) has picked up again, which comes as a relief. The average level over the past week, 5 weeks and 12 weeks has been $16 billion per week. There is one thing we can be quite

Network Adjusts to Higher Fees

Network Adjusts to Higher Fees

ByteTree Market Health Update; Issue 27 Halving was two weeks ago and things are settling down, but things have changed. The miners are supposed to be generating 6,300 Bitcoins per week but are only managing 5,100. The expectation was that the block reward would fall by 50%, but

More Than Halving

More Than Halving

ByteTree Market Health Update; Issue 26 It seems like an age has passed since halving, yet it was eight days ago. Over the past seven days, we had expected to see 6,300 Bitcoins created in contrast to the previous 12,600 weekly target. Of course, the network difficulty adjusts

Happy Halving

Happy Halving

ByteTree Market Health Update; Issue 25 What an exciting week that was. With all the speculation of what might happen, there was a mini-crash over the weekend. But in the end, halving passed without incident. Here is the Bitcoin price over 7 days, with halving marked in red at 19:

The Impact of Supply in Gold and Bitcoin

The Impact of Supply in Gold and Bitcoin

Utility drives value How does a long-term fall in supply impact price? I raise this because on 12th May, gold’s digital friend will undergo its third “halving”. That means the newly mined supply of bitcoins will fall by 50% to approximately 6,300 per week compared to the current

The Week Before Halving

The Week Before Halving

ByteTree Market Health Update; Issue 24 Last week, the network demand score was a healthy 4 out of 6. That blasted to 6 out of 6 over the weekend before settling down to 5/6 today. It is hardly surprising that the network is heating up ahead of the Blockchain