Academy Industry Analysis Article


Key takeaways

  • The cryptocurrency markets were relatively calm after the third BTC halving took place in Asia overnight.
  • Traders and investors focus on the development of the hash rate as some analysts believe it could drop as much as 30% in post-halving.
  • Technical indicators showed that major altcoins still not out of the woods yet.

Market overview


The cryptocurrency markets were a mixed bag on Tuesday Asia after the bitcoin halving event took place overnight. The price of BTC has been range-bounding between USD 8500 to just below 9000 in the early Asia session. At the same time, markets have seen ADA jumped more than 9%, and BSV gained about 4%. On the flip side, XEM and DGB gave up about 6% of the value.

As the prices of BTC seem to struggle to reclaim the