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Singapore authorities charged a 23-year-old woman with breaking the city-state’s ban on unlicensed bitcoin sales on Wednesday. The woman allegedly bought S$3,350 (about $2,400) in bitcoin in late February 2020 using funds the police say came from the proceeds of an online scam. The Straits Times identified the woman as a
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Bitcoin is down more than 5% and it broke the key $9,300 support zone against the US Dollar. BTC traded as low as $9,089 and it is currently correcting higher towards hurdles.Bitcoin declined sharply after it was rejected one more time near the $10,000 level.There was a break below many
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Following the Bitcoin (BTC) halving on May 12, traders generally expect the price of the top-ranking cryptocurrency by market capitalization to drop. According to a prominent on-chain analyst, the selling pressure may come from crypto exchanges.Willy Woo, the co-founder of Hypersheet, said that exchanges will likely begin selling their storage
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Just weeks ago, Bitcoin’s long-term outlook was anything but bullish. As the macroeconomy started to feel the effects of the coronavirus outbreak, global markets crashed in tandem, leaving no asset classes spared, crypto included.This culminated in the middle of March in a massive liquidation event that saw stocks, commodities, foreign
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Since Thursday’s jolt in bitcoin prices, the cryptocurrency has traded in a tight range close to the $7,500 level. It has not only come back from the losses suffered in March, it’s also showing some upward momentum. The price for one BTC is currently above 10-day and 50-moving averages on the
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Ethereum is slowly moving down and it recently broke the $125 support against the US Dollar.The price is now facing a couple of key hurdles near the $126 and $128 levels.Yesterday’s key bearish trend line is active with resistance near $127 on the hourly chart of ETH/USD (data feed via
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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe liquidation of PlusToken assets could drop the BTCOnly BTC survives – CNBCOn W1, the Bitcoin dynamics are even inside the current descending channel. The quotations are aiming at the long-term minimum of $3121.90. The resistance is at $8500.00.On the MACD and
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