Fresh off the strong bounce on Wednesday, Bitcoin price is trying to hold on to $7,200 support and stage a move up to the next key level of resistance. Bitcoin (BTC) is trading around $7,200 on Friday, the level that was found following a large swing to the upside on Wednesday. As we move into […]
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Bitcoin’s bounce off the $6.4K support is a positive sign as it shows that stronger hands are not dumping their positions yet. The crypto markets are currently held tight in the grasp of the bears. At the moment, there does not seem to be any specific news or event that has triggered the strong decline […]
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The second day of severe losses sees BTC/USD break seven-month lows in a volatile period many are comparing to the bear market trough in December 2018. Bitcoin (BTC) fell below $6,500 on Dec. 18 in what is rapidly becoming a pivotal day for transaction analysis. Cryptocurrency market daily overview. Source: Coin360 Long “squeeze up” could […]
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Bitcoin price has slid further below $6,700 and is now retesting November lows for several technical reasons as the year draws to a close. On Monday Bitcoin price (BTC) abruptly fell below the $7,040 support and dropped to $6,800. As recent as Nov. 22 and Nov. 27, $6,800 served as support so a number of […]
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How successful are crypto launchpads and do they guarantee that the projects they back will end up being successful? After crypto prices went through the roof in 2017, an eruption of new tokens, companies and products occured. With such a high level of consumer and corporate interest, many promising projects were inevitably lost in the […]
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Bitcoin price is not showing any bullish signs and appears still set to tumble by as much as 60% before a trend reversal takes place. Bitcoin price (BTC) performed as expected over the past week as 8% was shaved off its price of $7,571.80 between Dec. 8 and Dec. 14. Does this mean the digital […]
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Only two of the top five performers have closed in the green in the past seven days, which shows that the sentiment is currently negative. Tom Jessop, the president of Fidelity Digital Assets, said that the absence of a long track record is one of the main reasons that is keeping the institutional investors at […]
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Data shows that whales and institutional investors accumulated Bitcoin throughout its 2-year long bearish phase, should retail investors follow? Data from CoinMetrics shows that crypto whales now hold 42.1% of Bitcoin’s current supply. This is a slight increase compared to 37.9% two years back and analysts have interpreted the increase as a positive sign, as […]
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Bakkt launches first U.S.-regulated BTC options and cash-settled futures, while CEO is set to become a senator. What does it mean for crypto? Earlier this week, institutional Bitcoin (BTC) futures platform Bakkt launched two new financial products: the first United States-regulated BTC options and cash-settled futures. The announcement came just three months after the project […]
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Max Keiser calls Bitcoin “resistance money” while promoting cryptocurrency’s role in Latin America during a talk in Uruguay. International journalist and media defender of Bitcoin Max Keiser gave a presentation at Labitconf in Montevideo, Uruguay, in which he explained the impact that cryptocurrencies generate in the global scenario and particularly in the Latin American region. […]
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