Bitcoin now holds a market cap of US$120 billion despite a heavy initial rejection of US$8,000. Bitcoin has now released 79.46% of its total supply through block rewards and will continue to do so on a deflationary schedule. The next block reward halving is set for June 12th, 2020. Miners will then receive 6.25 BTC per block, roughly every ten minutes.The highly contentious hard fork, SegWit2x, was recently called off due to lack of community consensus. The proposed changed was considered by some to be an upgrade to Bitcoin, was the second part of the New York Agreement (NYA) scaling plan, and would have increased the base block size to 2MB.
Bitcoin Price Analysis – SegWit2x shelved, community relieved
Bitcoin now holds a market cap of US$120 billion despite a heavy initial rejection of US$8,000. Bitcoin has now released 79.46% of its total supply through block rewards and will continue to do so on a deflationary schedule. The next block reward halvi…