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Bitcoin and Altcoins Resume Downtrend, Bears In Driver’s Seat

This past week, bitcoin failed to settle above the USD 10,000 resistance and started a sharp decline. BTC broke many important supports near USD 9,550 to enter a bearish zone. The price is currently (08:30 UTC) gaining bearish momentum and it might even break the USD 9,000 support. Similarly, most ..

Bitcoin, Stocks Fall Again as Risk-Off Sentiment Hits Market

Source: Adobe/AlekseyIvanov After the first wave of selling hit both bitcoin (BTC) and the stock markets before the weekend, round two for the bears may be about to kick in as the new week begins in the red for both markets again. As of press time on Monday morning (09:19 UTC), bitcoin was down by ..

Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving

Quick take: Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving. Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021. His analysis is based on the change in the stock-to-flow ratio across each halving. The hype and excitement surrounding t..

What If Amazon’s Jeff Bezos Bought All BTC? Tone Vays Weighs in

Benjamin Pirus 1 hour ago What If Amazon's Jeff Bezos Bought All BTC? Tone Vays Weighs in Crypto trader and YouTuber, Tone Vays, explains what might happen if Amazon CEO, Jeff Bezos, tried to buy all Bitcoin in circulation. 3937 Total views 32 Total shares Listen to article 0:00 News Crypto t..

Why $7,050 is the Level to Watch During Bitcoin’s (BTC) Weekly Close

In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300. At the same time, its trade volume has been dropping together with its dominance in the crypto markets. In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on ..

Stimulus Checks and Hedge Funds, Why Bitcoin (BTC) is headed to $8,000

In brief: Evidence points towards US citizens using there $1,200 stimulus checks to buy Bitcoin (BTC). Grayscale Capital’s recent quarterly report provides a clue as to institutional interest in Bitcoin (BTC). The King of Crypto is hovering around $7,200 and looks set to start a climb up to $8,000...

How Stablecoins are Harmful to the Price of Bitcoin (BTC)

In brief: Stablecoin market capitalization has reached a whopping $8 Billion. This value stored in stablecoins has zapped away some market capitalization from Bitcoin (BTC). With central banks minting fiat, stablecoins are backed by currencies prone to inflation. An ideal future is where all tradin..

Gold is On Track to Retest 2011 Highs of $1,900 as BTC Consolidates

In brief: Gold is thriving as the Feds and other global Central Banks continually print fiat to cushion against the possibilities of a recession. The IMF has warned that the world is on track to experience its worst recession since the Great Depression of the 1920s. Bitcoin and Crypto enthusiasts h..

How Litecoin’s Halving Could Provide Clues to Bitcoin’s (BTC) Future

Quick take: Litecoin’s halving in August 2019, was uneventful with LTC’s price failing to meet the expectations of fans and traders. LTC is frequently considered as Bitcoin’s little brother. Some analysts believe that first doing technical analysis on LTC could provide insights into Bitcoin’s futur..

Why $6,600 is the Level To Watch During Bitcoin’s (BTC) Weekly Close

Quick take: Social distancing has been highly advised globally and especially during this Easter weekend. Many Easter activities have gone virtual as a result. Bitcoin trade volume usually falls during major holidays and Easter is no exception. $6,600 is a key zone to watch during today’s weekly cl..

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Central Bank Digital Currencies Will Not Affect Bitcoin

With greater interest by central banks around the world to create digital versions of sovereign fiat currencies, there are some concerns about how this...

Venezuela is Serious About Building Up Bitcoin Reserves

Holding reserves in currencies and investment commodities is something that nearly all central banks practice. The United States Federal Reserve, for example, keeps ample...

Cryptocurrency Market Surging on Fundamental Developments

The world of digital currency trading posted very solid transaction volumes on May 8 as Bitcoin returned to its highly anticipated $10,000 level. The...

South Korea is Preparing for a Sovereign Cryptocurrency Future

Over the next two years, the central bank of South Korea will be working on a blockchain project that would create a digital version...

How Blockchain Applications Are Being Used During the COVID-19 Pandemic

A couple of major blockchain development conferences have been canceled, and the cryptocurrency markets are feeling the economic impact of the coronavirus pandemic, but...
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