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Crypto Market Establishes YTD Low: Bitcoin At $3,650, Ethereum Hits Double-Digits In the past day, bears haven’t abated their rampage, continuing to incessantly place straws on the back of the crypto camel. Bitcoin (BTC), for instance, continued its tumult, stumbling under $3,500. Altcoins, as always, followed suit, sending the aggregate value
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Key PointsBitcoin price failed to break the $4,080 resistance level and declined recently against the US Dollar.Yesterday’s highlighted two key bearish trend lines are active with resistance near $4,000 and $4,090 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price remains in a major downtrend and
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Key PointsBitcoin price recovered recently and traded above the $4,000 and $4,200 levels against the US Dollar.There is a key bearish trend line formed with resistance at $4,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair is likely to struggle to break the $4,320, $4,400,
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Today is a tough day for cryptocurrencies.A large-scale selloff action has erased over $8 billion off the crypto market. The total market capitalization is $205 billion at the press time, down from $213 billion from yesterday. The market has a record of recovering from anywhere near $186 billion, which could
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Experts from analytical firm Trefis have forecasted increased sales of Nvidia’s graphics processing units (GPUs) at the end of the third quarter (Q3) of this year, Forbes reported Nov. 13. Trefis notes that, while overall GPU sales will be up, sales from cryptocurrency-related activities will remain in a downtrend.American GPU
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Key HighlightsEthereum classic price extended losses and traded towards the $8.75 level against the US dollar.This week’s followed important bearish trend line is intact with resistance at $9.25 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair may recover a few points, but it is likely
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As cryptocurrency market sentiment sits near its year-to-date low, multiple major companies are attempting public offerings in hopes of raising billions of dollars and securing market share in the highly competitive cryptocurrency mining industry.Bitmain, Canaan, and Ebang, the three biggest players in the crypto mining industry, are all racing to
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Key HighlightsEthereum classic price is under pressure below the $11.20 and $11.40 resistances against the US dollar.There is a declining channel in place with resistance at $11.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair remains at a risk of more declines as long as
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Since falling from $7,400 to $6,300 on September 6, Bitcoin has stabilized in the $6,400 region, providing the crypto market with a small breathing room. Bitcoin has been fairly stable at $6,450 throughout the past 48 hours, recording a movement that has allowed tokens to minimize losses against BTC and other
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In the past 24 hours, despite the negative predictions of many traders, bitcoin price has remained above the crucial $7,000 resistance level, allowing the crypto market to add $8 billion to its valuation. Dash, Verge, Monero, and EOS are the best performing cryptocurrencies of September 1, recording strong gains in the
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