Bitcoin, Market Commentary
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Delphi Daily, Bitcoin
May 14, 2020 8:50 pm
As I'm sure many of you have heard, an important event happened this week for Bitcoin - it's 3rd ever halving! On May 11th at block #630,000, the reward for miners fell, as intended, from 12.5 BTC to 6.25 BTC per block. This brings the annual issuance rate down to ~1.8%. While the price dipped ~12% heading into the halving, it's since seen a gradual recovery and is now relatively flat on the week. While price is clearly important, how has the network fared since the reduction in new supply? Let's dive into the data and find out.Read More