LBRY Credits price today is $0.04093560 with a 24-hour trading volume of $351,971. LBC price is down -8.0% in the last 24 hours. It has a circulating supply of 370 Million coins and a max supply of 1.08 Billion coins. Bittrex is the current most active market trading it. In order to explore addresses and transactions, you may use block explorers such as explorer.lbry.com.
Yesterday, we saw a sharp U-turn in bitcoin price from well above $10,000 against the US Dollar. BTC broke many key supports near $9,800 and the 100 hourly simple moving average.
It even spiked below the $9,500 support and tested the $9,300 support area. A low is formed near $9,299 and the price is currently correcting higher. It is now trading above the $9,500 pivot level.
There was a break above the 23.6% Fib retracement level of the downward move from the $10,366 high to $9,299 low. Moreover, it is trading above the $9,600 level and the 100 hourly simple moving average.
It seems like there is a bear flag forming with resistance near $9,740 on the hourly chart of the BTC/USD pair. The channel resistance zone is close to the recent breakdown zone at $9,740.
LBRY Credits price today is $0.04452065 with a 24-hour trading volume of $1,183,099. LBC price is up 15.1% in the last 24 hours. It has a circulating supply of 370 Million coins and a max supply of 1.08 Billion coins. Bittrex is the current most active market trading it. In order to explore addresses and transactions, you may use block explorers such as explorer.lbry.com. Additional information can be found at https://lbry.com
Bitcoin Halving
Bitcoin Halving or sometimes also known as the Halvening, refers to the reduction of block reward to miners by half. This is part of the Bitcoin monetary policy, in which after every approximately 4 years, the mining reward will be halved towards the limited capped supply of 21 million Bitcoin. Once 21 million of Bitcoin have been minted, there will no longer be new supply of it rewarded to miners, and miners are expected to earn revenue by way of transaction fees.
In order to follow the real time of when the halving will take place, you can bookmark the CoinGecko's bitcoin halving page.
This is seen as a significant event for couple of reasons. Firstly, traders may speculate on the possible scarcity of Bitcoin making way to high volatility. Secondly, as miners' rewards will be reduced, we may see some miners exiting the market as they could not sustain the lower profitability. This in turn may cause the hashing rate to reduce and mining pools may consolidate. Due to this, the bitcoin network may be a little unstable during the halving period.
Conversion rate for LBRY Credits to BTC for today is lbc 0.00000373. It has a current circulating supply of 377 Million coins and a total volume exchanged of BTC33.26007770