Surge in BTC

Bitcoin

Bitcoin (BTC) has surpassed its previous all-time high (ATH) it reached earlier in the day, and has jumped over the $40k handle on Thursday afternoon. The crypto asset’s dominance index compared to the value of the rest of the crypto economy is 68.8% today. The price has spiked $20,000 higher than the prior ATH captured three years ago in 2017. On Thursday, bitcoin (BTC) touched a high of $40,382 at the time of publication.

There’s currently 18.5 million BTC in existence (88.54%) and there’s only 13.51% left for bitcoin miners to mine. As news.Bitcoin.com reported during our last market update, BTC’s hashrate has been riding very high.

The overall hashrate has been fluctuating between 150 to 160 exahash per second, as miners are dedicating a lot of processing power to the chain. Miners today only get 6.25 BTC per block reward and the bitcoin inflation rate per annum is only 1.78% with 900 BTC issued per day.

The next Bitcoin (BTC) halving is expected in 1,215 days or on or around May 7, 2024. At that time the bitcoin inflation rate per annum at the next block halving event will be 0.84%. While the global economy is uncertain, Gavin Smith, the CEO of Panxora thinks that market players are protecting their wealth with the leading crypto asset.

“It’s no surprise that the world is watching bitcoin right now. Its price is soaring as the after-effects of the COVID monetary stimulus continues to raise concerns about inflation,” Smith said as BTC was nearing the $40k handle

Source: https://news.bitcoin.com/btc-reaches-40000-bitcoin-rises-in-the-eye-of-a-perfect-storm/

RSS Latest Press Release

  • The Mold Girl Ramps Up Annual Air Quality Testing Following High Demand
    Daniel Island, SC – Entrepreneur Elizabeth Keefer, aka The Mold Girl, is stepping up to meet demand from worried residents concerned about their homes being afflicted with significant health hazards.   Keefer, a well-respected council-certified indoor environmental professional, is now offering annual air quality testing for homeowners worried their homes could have mold, allergens, or other […]
  • Wendy's and Google Cloud partner to enhance the Wendy's restaurant experience
    Wendy's®  and Google Cloud today announced a partnership to enhance Wendy's restaurant experience and unlock new customer, restaurant, and employee experiences through data-driven insights.Wendy's intends to leverage Google Cloud's data analytics, artificial intelligence (AI), machine learning (ML), and hybrid cloud tools to create new ways customers can order food in the drive-thru, on their mobile […]
  • Unique Custom Marine Vault Launches New Storage Boating Facility
    Pompano Beach, FL: A new 25,000 sqft boat storage warehouse has opened to offer the best complete boat care service in Florida’s Pompano Beach.   Owned and operated by Unique Custom Marine Vault, the unit is a safe and secure marine facility with an in-house mechanic and boat transporters.    “If you are looking for a […]
  • Dreamstime launches the "Cover of the Year 2021 in Romania" contest with prizes totaling 7,500 Euros.
    Dreamstime, the world’s largest stock photo community, together with Cărturești and PressOne, announces the launch of the "Cover of the Year 2021 in Romania" contest for book cover illustrations. Publishers or graphic artists who have published books with original covers throughout 2020 and 2021 are invited to participate. Participants can submit covers using stock media […]