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Bitcoin (BTC) has broken back below the psychological support at $60,000. While this seems to be negative in the short term, the price action has continued to mirror its movement in 2017. If the similarity continues for the remainder of the year, Bitcoin bulls may be in for a party.PlanB,
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From Oct. 19, when the ProShares ETF started trading, through Tuesday, BITO shares were down by 2.45%, based on a chart shared by Grayscale, the company that sponsors GBTC. Bitcoin was down 1% over the same period, and GBTC was up 7.5%. (Grayscale is a unit of Digital Currency Group,
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Bitcoin (BTC) has dipped below $60,000 — but BTC price action is still mimicking the eye-popping 2017 bull run.The latest data covering Bitcoin’s current halving cycle versus its previous one shows just how similar 2017 and 2021 really are.Bitcoin prints more eerie 2017similaritiesBitcoin has had its ups and downs this
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Recent reports show that Bitcoin mining uses great amounts of renewable energy due to economic incentives. This turn of events raised their numbers of sustainable power mix to almost three times higher than the world average. As renewable energy offers low costs, bitcoin miners, who had to spend 68.42% of their
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Bitcoin has been moving sideways during the day as it was rejected north of $63,000. As of press time, BTC’s price trades at $62,698 with a 1% profit in the weekly chart. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview However, Bitcoin could see some action in the short term.
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Tampa Bay Buccaneers quarterback Tom Brady nearly lost ownership of the ball behind his 600th touchdown pass, but now he’s paying for it… in Bitcoin.In an Oct. 24 game between the Buccaneers and Chicago Bears, Brady threw his 600th career touchdown pass to fellow teammate Mike Evans — he is
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Bitcoin and several altcoins are attempting to resume their uptrend,
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Bitcoin (BTC) launches into a new week determined to keep $60,000 as support — despite new all-time highs failing to last.After a classic Sunday dip, bulls regained control and have managed to keep BTC/USD clear of sub-$60,000 lows.With neither the April nor October all-time highs seeing a retest so far,
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Traders are watching to see if BTC’s bounce of the
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On October 22 at 4:52 p.m. (EDT), a miner that acquired 50 bitcoin on May 17, 2010, spent the funds that sat idle for 11 years and five months. There hasn’t been a 2010 block reward spent in three months and the last time a 2010 miner spent their ‘sleeping
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