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Bitcoin Jumps Back Above USD 6,000 as It Rallies 50% Since Bloody Friday


Source: iStock/hocus-focus After touching the USD 4,000 level less than a week ago, bitcoin (BTC) rallied around 50% and is now trading above USD 6,000 again. At pixel time (18:39 UTC), bitcoin is trading at c. USD 6,249 and is up 22% in a day, erasing all its weekly losses. The price is now up...

Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare


In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro...

Bitcoin Drops Below USD 5,000, Altcoins Start Fresh Decrease


This week started with a fresh increase in selling pressure on bitcoin below the USD 5,500 resistance area. BTC/USD broke a couple of key supports near the USD 5,200 and USD 5,000 levels to enter a bearish zone. It seems like there are chances of more losses below USD 4,800 and...

With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30%


Prior to the market carnage on March 12, the Grayscale Bitcoin Trust (GBTC) had acquired over 300,000 BTC. Grayscale’s trust has been one of the longest-running FINRA approved investment vehicles with bitcoin assets under management. On Feb. 5, GBTC shares climbed more than 10% that week...

Friday 13 Strikes: Crypto Exchange Employee Makes USD 82,000 Fee Gaffe


Friday 13 proved to be an unlucky day for a South Korean cryptocurrency exchange, and for one staff member in particular – with an employee error at Coinone leading to the platform apparently frittering away some USD 82,000 worth of ethereum (ETH) in fees on a transaction worth a fraction of...

Panic Attack: Bitcoin Crashes to USD 6,000, Altcoins Bleed More


The downturn in the crypto market just accelerated. As of press time on Thursday (10:50 UTC), bitcoin traded at USD 6,000, down more than 15% over the past 24 hours. The move occurred amidst erratic trading in digital assets, with price reaching as low as the USD 5,500 level before recovering. The...

Bitcoin’s $9,000 Price Stays Steady as Sentiment Stays Positive


As global equity markets continue to get pummeled, bitcoin’s return to the $9,000 level may have been driven by some of the same forces causing a rally in bonds — a desire for respite from a coronavirus-plagued markets.  After sharp gains in price Thursday, bitcoin (BTC) has been trading steadily...

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