Cryptocurrency Analysis and News Portal
Bitcoin price is consolidating above the $59,500 support zone against the US Dollar. BTC is now showing a few positive signs, but it must clear $61,200 for a fresh rally in the near term. Bitcoin is holding gains above the $60,000 and $59,500 support levels. The price is now trading well above
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Margin trading allows an investor to borrow money or cryptocurrency to leverage their trading position and increase its size or the expected return. For example, borrowing Tether (USDT) will allow one to buy Bitcoin (BTC), thus increasing the exposure. Although there’s an interest rate involved with borrowing, the trader expects
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In brief:Bitcoin has an 18.5% chance of hitting $100k by the end of 2021The quarterly and monthly close is hours away and could mean volatility for the next few hours$947M in trading positions have been liquidated in the last 24 hoursHowever, Bitcoin is on track towards closing the first quarter
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Reddit’s r/Cryptocurrency community revived an interesting piece of Bitcoin (BTC) history on Sunday, with a new thread reminiscing about the time that American software developer Gavin Andresen gave away 19,700 BTC. A thread started by “uGroundbreakingLack78” took the Reddit community all the way back to June 2010 when Andresen first launched
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Quick take:The Bitcoin Korea Premium Index has just hit a one-year high of 11.97$%Also known as Kimchi Premium, it tracks Bitcoin’s value on S. Korean exchanges relative to othersThe index is known to sometimes foreshadow a major Bitcoin price moveBitcoin conquering $60k will open the doors to $64k and beyondThe
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Quick take:Bitcoin miners have been earning over $50 million per dayThis is a 4x increment in one year despite BTC rewards being halvedBitcoin miners are choosing to hodl their BTCBitcoin’s $55k is the level to watch moving forwardBitcoin (BTC) miners are making over $50 million per day. This is according
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In brief:Bitcoin long term holders, aka OGs, are no longer selling after Tesla bought BTCBitcoin old hands are extremely strong and their lack of selling, points to new highs for BTCBitcoin has since reclaimed $60k liquidating $550 million in shortsA new all-time high by Bitcoin might just be a few
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Summary:The number of Bitcoin whales holding 100k BTC or more has hit an 11 month highThe whales now control 2.20% of Bitcoin supply up from 0.76% 11 weeks agoAt the same time, smaller addresses of 1k – 100k Bitcoin have droppedThe drop could be attributed to selling before BTC broke
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A massive LA-based luxury real estate firm has begun accepting Bitcoin for rent payments. In addition to loading up on BTC for its corporate reserves, the company has also tapped popular exchange Gemini to help build a crypto centric ecosystem for its retail, residential, and resort customers. Rick Caruso and Caruso Real
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Bitcoin price started a fresh increase above the $57,500 resistance against the US Dollar. BTC is showing positive signs above $58,000 and the 100 hourly SMA. Bitcoin remained well bid above the $56,000 level and it started a fresh increase. The price is now trading above the $58,000 level and the 100
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