What is “Bitcoin halving” & its potential of powering an extended bull run into 2020-21?

2 min read

Bitcoin halving sounds like a complex phenomenon at first reading, but it simply a process of reducing the mining rewards to half, done to maintain the supply of Bitcoin (21 million). More details on this later but first let’s talk about the price action. It has literally been a vertical ascend for the Crypto kingpin since the beginning of June, however, Alt. coins have lagged in matching gains of Bitcoin. The unilateral gains in BTC have led its market dominance to climb as high as 62% currently. The comfort with which Bitcoin overtook the psychological barrier of $10K without any…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.