[Xangle Briefing] BTC price exceeds $10,000 on Feb 10th
on-chain and off-chain growth also positive
https://xangle.io/mainnet-statsBTC price hitting $10,000 indicates a 41% increase from the beginning of the year.
1) On-chain Activity
- [6th February] Bitcoin reaches 500 million transactions (milestone)
- [11st February] 24H Transaction volume $10.9B (+100.67%) & 0.74M new addresses (+7.85%)
2) Off-chain Developments
- [December 2019] Rakuten offers to exchange Rakuten Super Points for crypto assets including BTC.
- [December 2019] Bakkt launches Bitcoin Options
- [January 2020] CME Globex launches bitcoin futures & options
Based from the given sets of ideas, we could really see the positive developments in the standing of Bitcoin. This proves to be a great sign for the value of it in the future.
Bitcoin in the present is rapidly increasing in its value, from the sudden dump in the earlier days to the restoration of its new high value and reaching of the $10,400 value. It is certainly becoming a fact that the halving is technically affecting the price of Bitcoin even if it is still months away.
What could we expect when the halving comes? I think we should hold and store Bitcoin as much as we can.