Nearly 93% of the Bitcoin Supply is Profitable; Why This Could be Bad for BTC
Bitcoin’s intense uptrend throughout the past week led its price to highs of $11,400 before it lost some
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Bad
Bitcoin and the S&P 500 are Moving in Lockstep, and It’s Bad for BTC
Bitcoin has been forming a striking correlation to the S&P 500 and the rest of the stock market throughout the past few months. This correlation has only grown in recent weeks, and today’s slide in the equities market has led the benchmark cryptocurrency down to a crucial support level Analysts are now
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‘Looks Bad’ — Bitcoin Futures Echo Days Before March Crash, Says Trader
Bitcoin (BTC) futures were worrying analysts on July 10 as volume data suggested serious weakness and the potential for a major pullback.Uploading a weekly chart of CME Group’s Bitcoin futures to Twitter, Cryptox Markets analyst filbfilb did not mince his words describing the current climate.Filbfilb: BTC futures “almost identical” to
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Bitcoin Price Looks Like a “Carbon Copy” of Gold, and That’s Bad for Bulls
Since the $8,600 lows seen at the start of the week, Bitcoin has mounted a strong comeback, recovering to ~$9,800.A growing number of analysts, however, have said that the recovery is just noise in an otherwise bearish trend. They cite fractals and textbook patterns suggesting that it is only a
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Zoom Stock’s Surge Is Bad News for the Economy — Here’s Why
While the S&P 500 is still down about 6% year-to-date, Zoom’s shares have tripled in value. Zoom’s popularity has exploded due to shelter-in-place orders. Zoom keeps soaring despite investors being optimistic about the economy. Zoom Video Communications’ (NASDAQ:ZM) stock price was on an uptrend before the pandemic started. But the outbreak pushed shares
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Why Global Deflation May Not Be Bad News for Bitcoin
Contrary to expectations, bitcoin could see a positive performance during a possible bout of global deflation if it acts not just as an investment asset, but as a medium of exchange and a perceived safe haven like gold. The top cryptocurrency by market value is widely considered to be a hedge
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California Governor Namedrops Bitcoin in Speech About ‘Extraordinarily Bad People’
California Governor Gavin Newsom warned the public against Bitcoin (BTC) fraudsters during his live speech about the coronavirus outbreak.On March 26, Newsom mentioned the leading cryptocurrency as part of his official speech about what measures had been taken by the state to prevent the further spread of the virus
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March’s Free PS Plus Games – There’s Good News & There’s Bad News
An ad on a Polish website appears to have leaked March’s PlayStation Plus games. The games featured in the ad are Shadow of the Colossus and Sonic Forces. The leak remains unconfirmed, but we expect PlayStation to officially unveil March’s PS Plus titles in the coming days. Next month’s
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Bad Crypto News of the Week
The Bitcoin community collectively facepalmed after BTC fell back below $10,000. It was the result of an $800 crash that took place over the course of one hour, the fifth-largest one-hour drop ever recorded. But some analysts are calling for an unprecedented rally ahead of the pending halving. This
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Ripple CEO Brad Garlinghouse Tells Banks That ‘Crypto Is Not a Bad Word’
Ripple CEO Brad Garlinghouse’s mission is to demolish bankers’ fear of cryptocurrencies and get them on board with the new asset class.During a recent interview with CNN, Garlinghouse explained that “once regulators understand you're not circumventing regulatory frameworks they get very comfortable very quickly.”Garlinghouse said that someone at the
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