Bitcoin price is hovering around $19,000 again after a sharp intraday drop. There are four reasons BTC is primed for a further pullback. The price of Bitcoin (BTC) is now stagnating below $19,000 after four failed attempts to break out of the $19,600 resistance level. In the near term, four factors suggest that a pullback…
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Bitcoin faces pullback risk as U.S. stocks begin to drop following a six-week rally. U.S. stocks have started to correct as worries surrounding the pandemic are mounting. Meanwhile, theBitcoin (BTC) price has pulled back below $18,800 on Dec. 8 after struggling to break resistance at $19,500. The daily price chart of Bitcoin (Coinbase). Source: TradingView…
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The use of blockchain technology in Latin American stock markets is expanding. The Colombian Stock Exchange announced it is joining the Consorcio Colibrí, a private initiative that promotes the adoption of blockchain technology within the finance industry. As Cointelegraph Español reported on Nov. 18, Consorcio Colibrí was formed by major financial institutions such as Bancolombia,…
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Bitcoin topping $19,400, altcoins rallying by triple digits and the Dow setting an all-time high at 30,000 show bulls are running all corners of every market. On Tuesday the bulls showed that they are in full control of the crypto market as Bitcoin (BTC) rallied to $19,418.97 and several top-10 altcoins went on a double-digit…
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Bitcoin price is recovering well from its 6% drop to $14,800, but top altcoins are slow to follow. Professional traders are often perceived to be the smartest, as they weigh the risks before investing in an asset class. Opposite to that, most retail traders only keep an eye on the possible profits and disregard the…
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Bitcoin’s rally to $15.9K stole the limelight from DeFi tokens and decentralized exchanges but the tables could turn rapidly. Bitcoin’s long-waited bull run and the recent wave of corporate and institutional investors allocating significant portions of their reserves to Bitcoin (BTC) are all signs that the pace of crypto’s mainstreaming is rapidly accelerating: But has…
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According to crypto analytic firm ByteTree, the popular stock-to-flow model is not a reliable indicator for Bitcoin’s long term price action. The stock-to-flow model is flawed, says Charlie Morris, co-founder and CIO of crypto data firm ByteTree. According to the popular theory developed by quantitative analyst Plan B, Bitcoin’s capped supply is the key feature…
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The price of Bitcoin rose 2% in 30 minutes as the election causes massive volatility in the U.S. stock market. The price of Bitcoin (BTC) rose by 2% in just 30 minutes right as the United States’ stock market rang its opening bell on Nov. 3. During pre-market, the Dow Jones surged by over 350…
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As the U.S. stock market enters earnings season, analysts explain how Bitcoin could perform after earnings and the presidential election. Tech-heavy stock market indices, including the Nasdaq Composite and the S&P 500, have begun to recover. Amazon posted high pandemic sales that led profits to climb threefold and reported a 37% spike in revenue. Facebook…
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The price of Bitcoin abruptly dropped 4% from the day’s peak as the uncertainty in the stock market intensified. The price of Bitcoin (BTC) abruptly dropped 4% from the day’s peak on Oct. 30 as the uncertainty in the stock market intensified. With five days left to the U.S. presidential election, Bank of America, or…
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