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Bitcoin (BTC) saw a difficult week as it hit one-month lows, but on gold markets, traders were nursing the biggest daily falls in over seven years.According to data tracking XAU/USD on Feb. 29, Friday saw the precious metal’s worst 24-hour drop since 2013.Gold drops 7% in 5 days after
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The U.S. stock market crashed for a second straight day. The Dow and S&P 500 plummeted more than 3%. CDC officials intensified the sell-off when they called the spread of the coronavirus in the United States inevitable. The Trump administration attempted to bolster stock market confidence by claiming the
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The combined market cap of crypto assets logged its biggest weekly drop in the last four months as evidence of further global spread of Coronavirus scared investors.Bitcoin and rival cryptocurrencies slipped by up to $20 billion in just two days, beginning the week on an extremely pessimistic note. Almost all
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View Despite an $800 fall on Wednesday, bitcoin's broader trend remains bullish with prices holding above the higher low of $9,075 (Feb. 4 low). However, yesterday's bearish engulfing candle has shifted risk in favor of a drop to that level. A move back above a short-term
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In a rare interview, London-based insurance firm Arch says a sizable but containable loss would demonstrate how well its $150M crypto storage policy would react. Only a handful of cold storage crypto policies have been written at this time; high net worth individuals are the main driver for
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A key metric is hovering at record highs, suggesting investors are likely holding bitcoins even when deep in the red. The number of unspent transaction outputs (UTXOs) in loss rose to all-time highs above $45 million on Dec. 17, representing a 578 percent rise from the July 1 figure of $6.69
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A new report from Binance Research shows that many bitcoin miners have been mining Bitcoin SV and BCH to some extent with significantly lower profitability. Other than political reasons, the firm said that non-economic factors contributed to it.Had many miners that focused on BTC over Bitcoin SV and BCH in
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In 2019, the total volume of cryptocurrency-related fraud and theft resulted in losses worth $4.4 billion, according to CipherTrace’s report for the third quarter of 2019.In its “Cryptocurrency Anti-Money Laundering Report, 2019 Q3,” security research firm CipherTrace delved into the 120 most popular cryptocurrency exchanges’ compliance with Know Your
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Bakkt has set a new all-time high in traded volumes as it has done a few times recently, while BTC has lost some of its weight in pretty much the same period.Yesterday, Bakkt set a new record high just as the Bitcoin price fell as it’s wont to do. While
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Analysts from JPMorgan have suggested that Bakkt is largely the reason why Bitcoin price fell below $8,000 last week. Even though activity has picked up a bit, the market is still a little discouraged. After quite a long period of incubation and regulatory pursuits, the Intercontinental Exchange (ICE), eventually launched its
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