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In a little under two weeks the reward for digitally mining Bitcoin will be halved from 12.5 coins per block to 6.25,
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"Digital gold" has surged past the yellow metal to become one of the year’s best performing assets, up more than 20% in 2020.
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The Bitcoin price has fallen to $8,600, with $1.3 billion in mostly liquidations of long positions across crypto derivatives.
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points strong reversal signals short term long position would not be bad at current level.
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Bitcoin is hours away from the third block reward halving in its history as analysts begin to predict drastic movements in.
Bitcoin Gold changed Bitcoin's proof-of-work algorithm from SHA256 to Equihash rendering specialised mining equipment obsolete in an attempt to democratise.
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