This is our weekly blog going through all major news that happened during the previous week. Here is the main news of the week:
Price last week: $6400 US
Price this week: $6700 US, up 4.6%
The price increased by $300 dollars, a 4.6% increase in value from the $6400 US of last week. The price increase is not a very significant price change for a week in Bitcoin, and can be considered a regular price fluctuation.
Bitcoin Halving Less Than 600 Days Away
Every 4 years the supply of bitcoins released gets cut in half. Currently 12.5 bitcoins are being released every 10 minutes, in less than 600 days the supply being created will be cut in half and only 6.25 bitcoin will be created every 10 minutes, bringing the yearly created supply to approximately 2%.