Cryptocurrency Analysis and News Portal
Need convincing reasons to purchase Bitcoin? President Trump signed a financial agreement that increases the US national debt by about $22.5 Trillion. To some people, Bitcoin is money, while to some people Bitcoin can be multiple things depending on how it is utilised. A long term investment, a trading vehicle for
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After failing to reclaim the $11,000 threshold yesterday, Bitcoin (BTC) price has dropped again to four figures.After the biggest cryptocurrency rapidly dropped $700 in minutes earlier today, the bearish movement continued as Bitcoin dipped below $10,000 price mark.Market visualization | Source: Coin360At press time, Bitcoin is trading at $9,983,
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Bitcoin could get remain stuck in a price range defined by $8,000 as support and $20,000 as resistance, believes Mike McGlone of Bloomberg Intelligence.The senior commodity strategist on Tuesday said bitcoin price is in an “extended hibernation” state because more people are storing the cryptocurrency like gold instead of trading
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Bitcoin Core developer Peter Wuille has introduced new Bitcoin (BTC) smart contract programming language dubbed Miniscript.Wuille, a creator of major Bitcoin network upgrade SegWit, announced the Miniscript project website on the mailing list message for Bitcoin developers on Aug. 19.As noted in the statement, Miniscript was developed and implemented
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Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with.Sichuan Bitcoin Farms Hit by FloodsAccording to government services, monsoon flooding in China during
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The R-word – recession – passed the lips of US president Donald Trump yesterday, and despite recent price action, that’s a positive for bitcoin.The consensus of analyst opinion is that there will not be a recession in the US this year or next.But, as we shall see, those comforting
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As soon as Bitcoin dropped below the $10,600 level and failed to climb over heavy resistance, it demonstrated a steep fall to $10,068 within a span of minutes. According to some analysts, the drop could possibly signal a short term trend line breakdown if the asset fails to close above
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Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as Bitcoin (BTC) did back in 2014-15.In a tweet posted on Aug. 20, Burniske noted that in retrospect, 2014-15 revealed itself as having been the best risk/reward period for
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The self-acclaimed youngest bitcoin millionaire is seemingly ambitious and confident that a newly upgraded payments app would depose Libra even before the Facebook cryptocurrency has launched. In a Twitter post on August 19, 2019, the young cryptocurrency investor announced the launch of Metal Pay, which is touted to reach a
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American investor and Morgan Creek Digital Assets co-founder Anthony Pompliano says that Bitcoin will end up in every institutional investor’s portfolio.In an interview with CNBC on Aug. 20, Pompliano said that every single week more infrastructure is being built around Bitcoin (BTC) and the crypto markets more broadly.“We’re at
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