These 2 Factors Show Bitcoin Will Shake Off Chilling “Perfect Reversal” Signal

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Bitcoin has been on a tear over the past two days. After breaking past $7,800 on Tuesday evening, the cryptocurrency entered a steep uptrend that saw no serious pullbacks until 36 hours later when BTC hit $9,500. This marked a 20% rally from the lows. This move largely caught traders off guard, with crypto derivatives data site Skew.com reporting that over $100 million worth of BitMEX short positions...

Digital Currency Group

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Founded by Barry Silbert in 2015, Digital Currency Group (DCG) is a venture capital firm that invests solely in the digital currency industry. Digital Currency Group has three subsidiaries: CoinDesk, which was purchased in January 2016, digital currency brokerage firm Genesis Trading and digital asset management firm Grayscale Investments.  Headquartered in New York City, DCG […] from...

These Simple Factors Show Why Bitcoin’s Recent Rally was So Important

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Bitcoin’s rally yesterday allowed it to erase virtually all of the losses that resulted from its mid-March meltdown This movement did more than just boost its technical outlook, as it has also bolstered BTC on multiple other fronts One analyst is also noting that this was a “spot dominated” movement, meaning that it may actually prove to be highly sustainable Bitcoin saw a massive rally yesterday...

After BTC’s Best Day In Months, Bitcoin is Blowing Up on Chinese Twitter

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April 29th was undoubtedly one of Bitcoin’s biggest days in months. On this day, the cryptocurrency finally broke from its consolidation pattern under the $7,800 resistance in a strong fashion, reaching $9,000 at the trading session’s highs — more than 15% higher where it had started. The move was unexpected, so unexpected that the move caused Bitcoin to briefly experience a moment...

KFC Middle East is Launching a Blockchain Pilot Program to Improve Digital Advertising

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KFC Middle East has rolled out a blockchain pilot program to make their digital advertising and media buying more secure. Popular fast food restaurant chain KFC (Kentucky fried chicken) has commenced a Blockchain pilot program to boost digital ads and media buying across the Middle East. According...

Fears of a Crypto Crash Grow: On-Chain Data Signals Imminent Altcoin Weakness

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Although all altcoins are not yet rallying in tandem, some top crypto assets have been outperforming as of late. Case in point: CoinMarketCap data as of the time of this article’s writing, XRP — the third-largest cryptocurrency by market capitalization — is up 10% in the past 24 hours, outpacing Bitcoin’s relatively mild 0.5% gain. This rally in some of the leading altcoins is...

Bitcoin Reclaims $9.2K as Fed’s Unexpected Stimulus Plans Ignite Demand

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Bitcoin popped to fresh quarter highs Wednesday as the US Federal Reserve warned of a “medium-term” economic disaster. The central bank decided to maintain its benchmark lending rates near zero while calling for further stimulus support from Washington. The dovish outlook helped to send all leading assets higher, including the Wall Street index and Gold. Bitcoin was among the biggest...

This Rare Occurrence That Signaled Start of Bitcoin’s 300% 2019 Rally Is Back

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Wednesday marked one of Bitcoin’s most powerful rallies in weeks. Within the span of just over 12 hours, the price of the leading cryptocurrency rocketed from $7,700 to a high of $9,000 — a dollar gain of $1,300 and a percentage gain of 17%. It was a move that shocked Bitcoin investors across the board, with over $80 million worth of BitMEX short and long positions liquidated as this move...

When Currencies Fail: A Primer on the Dollar Crisis in Lebanon

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A massive shortage of dollars is instigating economic chaos, including a more than 50% loss of value in the Lebanese pound and what looks like an enormous local premium for bitcoins. Presented in podcast and full-transcript formats. from Bitcoin news | Published News | Bitcoin news via TOday bitcoin ne...

Bitcoin’s Move Past $8,000 Liquidates Millions; Sends Bears into Hiding

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Bitcoin’s overnight upswing allowed the crypto to gain what appears to be a firm foothold within the $8,000 region This movement came about shortly after the extended period of sideways trading that it faced throughout the past several days It also liquidated millions of dollars in short-positions, leading BTC’s open interest to dive as bears go into hiding Bitcoin’s notable overnight rally has marked...

Bitcoin Volumes Leap Pre-Black Thursday Levels Ahead of Halving

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Bitcoin volumes surged dramatically after Black Thursday, a March 12 event that saw the price crashing by more than 50 percent. The average volume recorded ahead of Bitcoin’s mining reward halving came out higher than pre-Black Thursday levels. The statistics show better market strength, hinting further price gains in the future. Trading activity for bitcoin has picked momentum as the cryptocurrency...

The Crypto Fear & Greed Index is Finally Moving in a Positive Direction, Potentially Indicating Bullishness

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The crypto Fear & Greed index is giving indications of bullish directions The crypto fear & greed index is finally moving in a positive direction, after reaching extreme fear levels during the sharp crypto crash in March. Specifically, the index has risen from a low of 8 in March, which indicates...

The Same Bitcoin Trigger that Sparked 239% Rally in April 2019 is Back

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Bitcoin closed above a crucial resistance area Wednesday. The ceiling was instrumental in beginning a new bull run back in 2019, wherein the price surged by 239%. Traders’ optimism for bitcoin has peaked ahead of its mining reward halving in May 2020. Bitcoin resumed its winning streak Wednesday as its price edged further closer towards $8,000. The bitcoin-to-dollar exchange rate rose 1.53...

Analyst Says “Everything” About Ethereum’s Chart Predicts an Imminent “Dump”

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It’s been a boring past 24 hours for the crypto market, especially for Ethereum. Despite rallies in a swath of other altcoins, the top-two cryptocurrency has been flat on Tuesday, trading a mere 0.70% high according to data from CoinMarketCap. Unfortunately, analysts believe that it’s about to get a lot worse for the altcoin, with one going as far as to say that “everything”...

Bullish for Bitcoin: Data Shows “Regulation Sensitive” Institutions are Long

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As Bitcoin’s mining rewards halving fast approaches it appears that some notable investors are taking notice Data suggests that large regulation-sensitive institutions are going long on BTC This comes in tandem with a massive spike in accumulation rates from Bitcoin whales, signaling that investors across the board are anticipating some bull-favoring volatility Bitcoin’s highly anticipated mining...

PR: Crypto Gaming Pioneer Cloudbet Launches New Website with a Host of New Features

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Bitcoin Press Release: Leading Bitcoin casino and sportsbook Cloudbet has unveiled its impressive new website. The updated site offers a slew of new advancements including faster load times, new language options, live eSports betting, and more.  28th April 2020, Curacao – Bitcoin sportsbook and...

Bitcoin Miners to Thrive Post Halving after Local Chinese Gov’t’s Surprising Move

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Ya’an, a Chinese city that contributes 50 percent of the total hash power to the Bitcoin network, offers cheap electricity to miners right ahead of halving. The mountainous region, while awaiting a rainy season, wants to give away its excess electricity to “support the implementation of blockchain industry development,” according to a public guidance document. The move...

Fear for Sustained Bitcoin Correction Sparks as Frantic Gold Sell-off Begins

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Bitcoin starts correcting lower a day after hitting the local top near $7,81k The move downhill occurs alongside a similar price action in Gold markets. The yellow metal weakened towards $1,700 an ounce as some US states moved towards reopening economies. Bitcoin showed first signs of withdrawing from its ongoing upsurge as its price slipped 1.50 percent a day after establishing the local top near...

Bad for Ethereum: 3 Bearish Factors Could Catalyze a Strong ETH Correction

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Despite Ethereum’s rejection at $200 and Bitcoin’s similar rejection at $7,800, the cryptocurrency market has held strong over the past 24 hours. Case in point, Ether continues to trade for $194, just shy of the weekly highs and above the $180-190 region, which analysts have identified as a zone of support. Unfortunately, analysts are starting to come to the conclusion that it...

Bitcoin’s Implied Volatility Craters after Bears Fire “Warning Shot”

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Bitcoin’s implied volatility has cratered in recent times, plummeting back to its pre-crash levels This comes as the cryptocurrency continues extending its intense uptrend as bulls attempt to propel BTC back up towards the $8,000 region Bears have firmly established the upper-$7,000 region as a strong resistance region, and analysts don’t expect it to be surmounted anytime soon Bitcoin has continued...

China Announces Blockchain Service with Commercial Applications

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China announces the Blockchain Service Network developed by a collaboration of Huobi China, China Union Pay and China Mobile China, in an attempt to take an early lead in blockchain-based services, has announced the rollout of its first blockchain platform to cater for global commercial use called...

Bitcoin Rallied 140% It Claimed This Critical Level. It Just Happened Again

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It has been an important past few weeks for Bitcoin. Due to consistent buying pressure, the cryptocurrency has crossed above key resistance level after key resistance level after March 12th’s crash, reaching a high of $7,800 just recently. This move has shocked traders, with many just weeks ago thinking that BTC was on its way to the $3,000s and maybe even lower, citing the bearish macroeconomic...

Trending Bitcoin News and Market Sentiment April 27th, 2020: Bitcoin Will Have Half of Global Average Inflation After Halving, Bitcoin Miner Ebang Attempts Second IPO for $100 Million in USA

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Bitcoin trading at a daily high of USD 7,798 so far as USD 8,000 comes into sight Bitcoin has almost half the inflation rate of world average after halving Bitcoin miner Ebang attempts second IPO for USD 100 million in USA   Bitcoin markets managed to do exactly as the bulls would have hoped...

Why Bitcoin Analyst Who Predicted Rally to $8K Thinks Reversal is Underway

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A famous bitcoin analyst in early April predicted that the price would move towards $8,000. The cryptocurrency surged to $7,810 in an early morning trade Monday, hinting a bull run towards the said target. The same analyst now thinks bitcoin would undergo a trend reversal upon hitting $8,000. A crypto analyst who earlier predicted the bitcoin price to hit $8,000 now warns of a bearish reversal. “I...

Bitcoin News Summary – April 27, 2020

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The post Bitcoin News Summary &#8211; April 27, 2020 appeared first on 99 Bitcoins. <br /> News regarding the Chinese digital currency has been emerging more frequently in the past few weeks. The latest local report on the matter claims that testing has already begun in mainland China. Trial runs include catering and retail industries, including massive U.S. chains Subway, Starbucks,...

Bitcoin Correction Fears Intensify as Goldman Sachs Warns a Chilling Stocks Downturn

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Bitcoin risks wiping off its recent gains as fears of a vast stock downturn grows among researchers. Both Bitcoin and the US benchmark have shown positive correlation since March 2020 sell-off. The gains have appeared against an otherwise grim economic outlook led by the fast-spreading COVID-19 pandemic. Risks of a sharp bitcoin price correction are growing as US stocks paint a similarly bleak market...

Same Level That Predicted Bitcoin’s 2018 Bottom Is Now Key Resistance

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The past few weeks have seen Bitcoin move higher and higher, breaking past resistance after resistance as buying pressure has mounted. But, analysts are starting to fear that a potential correction is on the horizon as BTC approaches technically-important levels that bulls may find it hard to surmount. Bitcoin&#8217;s Logarithmic Growth Trend Due to Bitcoin&#8217;s network effects, the cryptocurrency...

Bitcoin Erupts to $7,800 for the Second Time, Burning $10 Million in Shorts

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After retracing to $7,490 from the weekly highs, Bitcoin rocketed higher immediately before and after the daily candle close on Sunday, rallying as high as $7,780 just minutes ago as of the time of this article&#8217;s writing. This represents a 4% rally from the daily lows. According to data from Skew.com, analysts and traders were largely unaware that such a move would transpire, with the site...

Bitcoin Demand Surging in Argentina as National Debt Default Looms

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Bitcoin volumes in Argentina are rapidly accelerating ahead of a possible default on USD 65 billion of foreign debt Bitcoin volume in Argentina in terms of Argentine Pesos (ARS) is up 1,028% since January 2018. Although a significant fraction of this Bitcoin volume increase can be explained by devaluation...

Lightning Network Messaging, Political Expediency and What Crisis Has Revealed

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In a time of increasing censorship aimed towards protecting us, is truly private messaging possible? Why are we using "data driven" approaches when we know the data is wrong? Juggernaut's John Cantrell and HRF's Alex Gladstein help us see what the crisis has revealed. from Bitcoin news | Published News | Bitcoin news via TOday bitcoin ne...

Trending Bitcoin News and Market Sentiment April 26th, 2020: Facebook Gives Indian Tech Biggest-Ever FDI, Bitcoin Yet to Detach Enough from Traditional Markets to Explode During Financial Crisis

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India receives largest-ever FDI in tech sector from Facebook as tech goes bullish in South Asia Bitcoin not yet detached enough from traditional markets to explode during financial crisis The weekend volumes have done little to give us any more insight into how Bitcoin price will perform over the...
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