Tag: Bitcoin

The longer Bitcoin price remained stuck at resistance around $8,000, the more likely it was to correct. Just yesterday analysts were talking of a big run up over $9k but that has all changed during Asian trading this morning as a pullback has initiated, dropping over $10 billion from crypto markets. A few hours ago Bitcoin plunged 6.7 percent from an intraday high of $8,040 to $7,500 according to Tradingview.com. Since then it has recovered marginally to trade at $7,640 but the long-awaited pullback appears to have finally begun.  Bitcoin…

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Ten prominent fintech experts shared their bitcoin price predictions and all agreed that BTC would close 2019 above $9,500, according to Finder.com. Experts Expect a Bull Market The US-based comparison website surveyed 10 fintech leaders on their thoughts and projections on 13 cryptocurrencies (including the top-10 by market capitalization) and the participants included executives from BitBull Capital, Arca, and Blocktoken. The participants were most optimistic about EOS, Binance Coin and Tron as each was forecast to gain 727%, 459%, and 449%, respectively. When asked whether the current climate is ideal…

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Binance Coin (BNB) continues to reach back to back 2019 all-time highs and its success has some analysts wondering if it will outperform Bitcoin over the long-term. Market Overview On Tuesday Binance Coin (BNB) [coin_rice coin=binance-coin] notched a new all-time high of $32.43 as its market capitalization leaped over $4 billion. The 7th largest cryptocurrency by market cap has surged 16.46% over the past 48 hours, 36% over the past week, and 502% in 2019. Multiple timeframes show BNB is overwhelmingly bullish and everyone is wondering how high the altcoin…

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Veteran gold bug Peter Schiff still thinks gold will win out over Bitcoin – because it is allegedly easier to shut Bitcoin down. Peter Schiff: Bitcoin Won’t See Use If ‘Illegal’ That was one of the conclusions in a wide-ranging debate Schiff had with ‘The Bitcoin Standard’ author Saifedean Ammous on trader Tone Vays’ YouTube channel May 20. A much-anticipated showdown for the cryptocurrency community, Ammous spent 90 minutes trying to argue against Schiff’s position that gold is – and always will be – superior to ‘digital gold.’ “You can’t…

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Mike Novogratz’s Galaxy Digital has sold majority of its stake in cryptocurrency startup Block.one for $71 million – a 123 percent gain on its initial investment. Massive Payday for Novogratz’s Galaxy Digital Mike Novogratz’s Galaxy Digital has sold most of its share in Block.one, receiving a $71.2 million payday which amounts to a 123 percent gain on its initial investment. According to Novogratz, the massive returns already earned from the cryptocurrency merchant bank’s investment in the company was sufficient incentive to liquidate its holdings. In an announcement published by Galaxy…

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Bitcoin price analysis shows BTC/USD returning above $8,000 was short lived. But is the dream of $9,000 now dead for the bulls in the near term? Let’s take a look.  Bitcoin Price Analysis: Recap Today, ramped up selling pressure has extended Bitcoin’s distance from the psychological level by $200, leaving bullish traders fighting to defend the $7,800. Looking back at the BTC/USD 30-minute chart we released yesterday, we can see that the price managed to breakout of the downtrending channel during the late hours of May 21, and rally all…

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Jack Dorsey’s Square Cash that lets anyone buy bitcoin has become the top finance in the Apple App Store in the United States.  The Inexorable Rise Of Cash… App Many cryptocurrency observers believe that this bull-run will be the one which takes Bitcoin to the moon. There has been suggestion of several indicators or fundamental differences to back this up. Is Square’s Cash App being the top-rated finance app for iOS one of them? Jack Dorsey’s financial services provider, Square, has been making waves within the crypto-community since the height…

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Bitcoin and crypto are rising, but Goldman Sachs-backed Circle laid off 10 percent of its workforce blaming a ‘restrictive’ regulatory climate. But is that just a smokescreen to mask Circle’s dwindling user base? SEC Bullish on Bitcoin, Bearish on Alts OK, so we may not call the SEC exactly ‘bullish’ on Bitcoin. In fact, quietly cautious at best, downright suspicious at worst. But at least the regulatory body has it clear that Bitcoin is not a security. It’s even considering Bitcoin ETF proposals, albeit at a glacially slow pace. The…

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