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Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz
13.5.2020
Bitcoin (BTC) may not have pumped at the scale expected by many halving optimists, but Wall Street billionaire Michael Novogratz insists that the price will hit $20,000 by year-end. The Galaxy Digital founder and chief executive officer on Monday told CNBC that bitcoin’s surge was inevitable...
Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving
12.5.2020
About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus...
Bitcoin Transaction Costs Soar 400% Amid Halving Hyperbole
11.5.2020
The average transaction cost for Bitcoin (BTC) soared 414% in the days before the halving, peaking at $3.19 on May 8, from as low as $0.62 on April 26. This is the highest price bitcoiners have paid for a transaction on the network in ten months, according to data from Bitinfocharts. Fees are paid...
Bitcoin (BTC) Aces the Comeback After the March Crash in Comparison to Gold
9.5.2020
Bitcoin price corrects downwards after swinging and hitting a 10-week long resistance slightly above $10k with only 2 days to halving remaining. However, this time the trend before halving seems to be quite different, unlike the one seen in 2012 and 2016. And, this time, analysts and influencers...
Popular Hedge Fund Manager Paul Tudor Jones: ‘Bitcoin Reminds Me of Gold Back in 1976’
8.5.2020
Hedge fund manager and investor, Paul Tudor Jones, discussed his opinion in regard to the crypto asset bitcoin on Thursday, saying that it reminds him of the part gold played back in the ‘70s. Jones also disclosed that his fund Tudor BVI has a percentage of Bitcoin futures products as well...
Coinshares Acquires Gabi Trading: New Unit Traded $3 Billion Worth of Crypto in 2019
8.5.2020
Coinshares on Thursday launched its trading business, Coinshares Capital Markets (CSCM), reporting that the unit traded over $3 billion worth of cryptocurrency in 2019 and $1.5 billion during the first quarter of 2020. The UK digital asset manager is basically rebranding Gabi Trading, a business...
Bitcoin (BTC) Retests 10-week Long Resistance with Halving Round the Corner
8.5.2020
Bitcoin hits a 10-week long resistance as it crosses above $10k for a moment before yesterday’s closing and is back to trading around $9.8k while a low touched at $9.7k, since the onset of the day until the time of writing. With 3rd Bitcoin halving round the corner, investors have stuck their eyes...
Square’s Cash App Reports BTC Quarterly Revenue Exceeds Fiat’s, Soaring 367% to $306 Million
8.5.2020
Square’s Cash App reported Wednesday, that bitcoin (BTC) revenue during the first quarter of the year, soared 367% to $306 million from $65 million a year ago. Quarter-on-quarter, the figure is up 71%. The increase is thanks “to growth in the number of active bitcoin customers, as well...
Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength – Bloomberg Analyst
6.5.2020
Bitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone. In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength....
US Central Bank Blamed for 2020 Financial Crash: ‘The Fed Is Lawless Economic Government Unto Itself’
6.5.2020
The last two months dealing with the coronavirus outbreak have been strange, to say the least, and as data rolls in more people are becoming aware that there was quite a bit of overreaction from politicians, the media, and medical professionals. A small number of people are starting to focus on...
Bitcoin (BTC) Successfully Hits Above $9.2k with $9.5k as the Nearest Target
6.5.2020
Bitcoin aces the intraday trading session today as it successfully leaps out of the price accumulation around $9.2k, and we are not away from a complete bullish enclosure before the halving if it hits $9.5 resistance anytime soon. The price of BTC is seen skyrocketing after hitting above $9.2k just...
Bitcoin to Peak at $115,000 by August Next Year, Says Pantera Capital CEO
6.5.2020
Pantera Capital chief executive officer Dan Morehead has predicted a 50% chance the price of bitcoin (BTC) will hit $115,000 by August next year. In a recent letter to investors, Morehead said: “If the new supply of bitcoin is cut in half (with the May 12 halving), all else being equal,...
MyCryptoMixer 2020 – The Best Bitcoin Mixer Necessary To Protect User’s Anonymity and Privacy
5.5.2020
Governments and law enforcement agencies have been alerted to the possible illicit use of the pseudonymous Bitcoin (BTC) and cryptocurrencies ever since the notorious darknet marketplace Silk Road was shut down permanently by FBI, which seized more than 144,000 BTC derived from transactions made...
Bitcoin (BTC) Draws a Descending Channel as the Countdown for Halving Begin
4.5.2020
Bitcoin draws a descending channel as it retests support around $8.6k price area with a lack of support on the half-hourly chart. The 20-day Bollinger Bands laid are not hinting towards an unprecedented volatile breakout. With intermittent hikes above $9k, BTC is now drawing a downtrend as...
90 Million More People Can Now Spend Crypto With TenX
4.5.2020
TenX’s popular Visa debit card—which lets you spend cryptocurrency without having to manually top up—has launched in Germany and Austria. It supports Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), all of which can be spent anywhere that accepts Visa thanks to the card’s unique auto-convert...
Bitcoin (BTC) Trades Around $8.8k as We Enter the Halving Month
1.5.2020
Bitcoin, at the time of writing this analysis, was trading around $8.8k after having a notable intraday pullback from a 2-month high of $9.2k However, the BTC price trend is still drawing a fine uptrend from the closing hours since yesterday until the press time No wonder, if $8.8k will also be...
Justin Amash Reveals Third-Party Presidential Bid: Pro-Bitcoin Libertarian Candidate Targets Trump’s Seat
1.5.2020
U.S. President Donald Trump now has an unexpected challenger as the independent congressman from Michigan, Justin Amash, says he plans to run as a Libertarian candidate in the 2020 election. Besides John McAfee and Adam Kokesh, Amash is also a pro-crypto candidate, a believer in free markets,...
Bitcoin (BTC) is Back with Full Power; How Much Bitcoin is Enough?
30.4.2020
Bitcoin price spikes by 18% in just 24 hours from opening around $7.7k, yesterday to currently trading around $9.1k, at the press time. The price trend of BTC breaches above the 20-day Bollinger Band on the daily chart. The current price pump is an influential change happening due as there are less...
Chinese Court Declares Ethereum Legal Property With Economic Value
28.4.2020
A district court in China has reportedly ruled that Ethereum’s cryptocurrency is legal property with economic value. This ruling follows a couple of other verdicts on the legality of cryptocurrency, including bitcoin, by various Chinese courts. While cryptocurrency is not legal tender...
The Greatest Wealth Transfer: Economists Predict the Emergence of New Bitcoin Millionaires, BTC Capturing 3% of Gold Market
27.4.2020
The global economy has been feeling the hardships from the mandated lockdowns various nation states have implemented during the last month and a half. Oil prices have dropped below zero for the first time in history, and economic powerhouses like the U.S. are starting to show cracks in the system....