• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Bitcoin

Research Firm: BTC Fundamentals Strengthening Ahead of Bitcoin Halving

Rick Delafont by Rick Delafont
12 months ago
in Bitcoin, Cryptocurrency news
Reading Time: 2min read
bitcoin halving weiss
Advertisement
Nexo Logo
Listen to Article

In case you missed it, the supply of new Bitcoin hitting the market will drop this year. The event, known as the Bitcoin halving, will see the number of Bitcoin rewarded to miners per block fall to just 6.25 from 12.5.

With the industry eyeing the upcoming Bitcoin halving, the crypto research firm Weiss has increased Bitcoin’s rating to an A-. The ratings agency cites improving fundamentals and positive price action as the reasoning behind the upgrade.

BTC Back to Top of the Class Ahead of Bitcoin Halving

Weiss Crypto Ratings has just bumped Bitcoin up a grade. The firm now deems the number one crypto asset as “excellent”, giving the asset an almost perfect “A-“.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

#Bitcoin upgrade: The Weiss Crypto Rating for #BTC is now A- (excellent), thanks to improving fundamentals and positive price action ahead of Bitcoin's next halving.https://t.co/vyb8wxympt

— Weiss Crypto Ratings (@WeissCrypto) February 7, 2020

According to researchers at Weiss, Bitcoin’s fundamentals have been improving ahead of the much anticipated Bitcoin halving this year. Although the firm does not detail exactly which fundamentals it is referring to, there have been some pretty impressive Bitcoin advances of late.

As NewsBTC has reported several times previously, the Bitcoin hash rate is currently close to the highest it has ever been. The surging measure of computing power securing the network shows that the BTC mining industry is extremely optimistic about the asset’s future.

Similarly, Bitcoin scaling solution Lightning Network has seen some pretty bullish developments of late too. As Lightning Labs CEO Elizabeth Stark tweeted yesterday, the development firm just received another $10 million in funding from investors.

Those developing the network are hoping that it will allow Bitcoin to serve a much larger number of people without sending transaction fees spiralling upwards as they did in 2017.

Today we're one step closer to bringing #bitcoin to a billion people.

Lightning is making this a reality. ⚡️

Can't believe how far our community has come building new use cases and bringing financial freedom to the world. ??https://t.co/SgplohDRBz

— elizabeth stark ? (@starkness) February 5, 2020

Another positive is the number of people interested in the Bitcoin halving itself. Google is seeing far greater search volume for the term than it has in the run up to either of the previous cuts to BTC supply. Past Bitcoin halvings have been followed by two of the crypto asset’s most explosive price runs ever. Many industry observers are interpreting the fact that more people seem interested in the event this time around as wildly bullish for Bitcoin’s future.

Positive Price Action Leading into  BTC Halving

Weiss also cites the positive price action leading into the Bitcoin halving as reasoning behind the rating upgrade. Just over a month ago, as 2020 opened, Bitcoin traded at below $4,000. A single Bitcoin now costs more than $9,700.

The surging price prompted Weiss to describe the Bitcoin market’s momentum as “excellent”. This is the highest of any digital asset according to the firm. The next is Tezos (XTZ), which Weiss describes only as “good”.

 

Related Reading: Bitcoin Funding Rate Hits 0.12% on BitMEX: BTC Historically Fell 7% Afterwards

Featured Image from Shutterstock.
Tags: bitcoinBitcoin HalvingWeiss
TweetShare46
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Related Posts

altcoins bitcoin crypto alt season altcoin xrp ethereum ripple litecoin

Centralized Wealth: The Downside To Institutional Bitcoin Buying

5 hours ago
Ethereum

Ethereum Rallies Towards All-Time Highs as BTC Stalls; What Analysts are Saying

14 hours ago
etoro

eToro Nudges Investors Towards Crypto Trading as They Consider Portfolio Diversification

21 hours ago
5 Projects Bringing Institutional-Grade Products to Crypto

5 Projects Bringing Institutional-Grade Products to Crypto

2 days ago
RAMP DeFi Leads The Liquid Staking Race, Opening Ethereum-Based DeFi to Staked Liquidity From Other Blockchains

RAMP DeFi Leads The Liquid Staking Race, Opening Ethereum-Based DeFi to Staked Liquidity From Other Blockchains

3 days ago
router

Emerging DeFi Project Router Protocol Raises Seed Funding, To Launch Cross-Chain Farming Soon

4 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

The Foundation for Economic Education Announces Two Major Gifts from Bitcoin.com Founder Roger Ver

January 19, 2021

AC Milan to Join Sports Crypto Movement With Launch of $ACM Fan Token

January 19, 2021

Institutional-grade Crypto Exchange AAX Reports Record Fiat-Crypto Purchases in 2021

January 19, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.