Cryptocurrency Analysis and News Portal
Although there are many investors anticipating Bitcoin will fall once again, citing the global uncertainty that is epitomized by the Dow Jones’ record 3,000-point loss on Monday, there are some reasons to believe the cryptocurrency may soon mount a recovery.Related Reading: Crypto Tidbits: Bitcoin Plunges 50%, COVID-19 Cases at Ethereum
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After Thursday’s brutal crash and the follow-up wick on Friday morning, Bitcoin investor sentiment is down in the dumps; many believe there are few reasons to be bullish on the short-term to long-term prospects of the leading cryptocurrency.While this was seemingly true when BTC traded as low as $3,800, analysts
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Despite the interest shown in decentralized ledger technology by central banks, cryptocurrencies continue to be mistrusted by the traditional financial system. This has been made apparent from comments by Andrew Bailey, the upcoming governor of the Bank of England, when addressing members of the United Kingdom Parliament at a
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Despite the slight recovery seen over the past few days, analysts still fear that Bitcoin is on a trajectory that will see its price correct even further than it already has. In fact,Related Reading: Crypto Tidbits: India Makes Watershed Ruling On Bitcoin, Elon Musk Bumps Dogecoin, Ethereum Founder Supports Twitter
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Over the past few days, Bitcoin has finally stabilized after the strong price crash seen on Sunday through Wednesday that took BTC from $10,000 to $8,400. While some analysts fear that this consolidation is a precursor to another leg lower, referencing the fact that assets never trend in a straight
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The PlayStation 5 must compete with the new Xbox Series X features. However, the PS5 will have some gimmicks of its own. Sony’s eventual reveal will be a can’t-miss event. The Xbox Series X is shaping up to be a killer platform. This week’s revelation of the Xbox sporting
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Fundstrat’s Tom Lee was the main highlight of last week’s Blockchain Economy 2020 event in Istanbul, Turkey. Taking the stage on day two, Lee addressed a crypto-savvy audience for about half an hour.Before delving into why Bitcoin (BTC) would see a price hike this year, Lee started his speech
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Gold’s price still has room to climb after this week’s stock market bloodbath. Long-term pressures from the ballooning U.S. budget deficit remain. Bernie Sanders’ increasingly tight grip on the Democratic Party nomination is also a potential catalyst. The U.S. stock market continues to shed value in what is panning
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While Bitcoin remains up in 2019, outperforming effectively all other assets except for altcoins and Tesla, market participants have been scared by the recent reversal. In fact, one popular cryptocurrency trader, who called the bearish reversal quite well over the past few days, has warned that the macro BTC bottom might
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Bitcoin price (BTC) dropped another 3.07% on Feb. 25, marking the second day of losses as global equities markets sharply corrected on fears of the Coronavirus spreading to more countries.Crypto market daily price chart. Source: Coin360Tweezer tops show supports becoming levels of resistanceThe price dropped below what analysts have
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