After a decent upward move, bitcoin price faced sellers near the USD 19,450 and USD 19,500 levels. BTC started a downside correction and traded below the USD 19,200 support. The price is currently (13:00 UTC) above USD 19,000, but there is a risk of more losses. Similarly, most major altcoins are trimming gains and approaching…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Derivatives news November has been the best month of trading for bitcoin (BTC) futures in 2020, in terms of average daily volume (ADV), and it has been the second-best month since launch, the…
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With the second week of December came a drop in the market sentiment. The combined moving 7-day average crypto market sentiment score (sentscore) for the top 9 coins by market capitalization fell from 5.94 to 5.45 over the past seven days – relatively far from the positive zone border around which it lingered for weeks,…
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Internet observers have expressed surprise after the Chinese state-run media outlet CCTV carried some bold predictions about bitcoin (BTC)’s long-term future – and featuring a forecast that BTC fever may apply downward pressure on gold. CCTV is one of China’s leading, state-operated broadcasters, with a daily readership and viewership in the millions. Since the Read…
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There was a sharp upward move in bitcoin price above the USD 18,500 and USD 19,000 resistance levels. BTC even broke the USD 19,200 resistance, but it struggled near the main USD 19,450 and USD 19,500 resistance levels. The price is currently (05:00 UTC) correcting lower, with supports near USD 19,000 and USD 18,800. Similarly,…
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If pension funds and insurance companies in the US, euro area, UK and Japan allocate 1% of assets to the most popular cryptocurrency, bitcoin (BTC), that would result in additional BTC demand of USD 600bn, strategists at JPMorgan said. However, these investors face regulatory hurdles relating to risk levels and liability mismatches, likely limiting how…
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It took less than a week for the most popular cryptocurrency, bitcoin (BTC), to return above the USD 19,000 level after it was trading close to USD 17,600 this past Friday. Meanwhile, one of the recent best performing major coins, XRP, is the only top 10 token in red today. At the time of writing,…
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Today, US-based business intelligence company MicroStrategy confirmed it raised USD 650m by selling convertible senior notes due 2025 in order to buy more bitcoin (BTC). MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately USD 634.9m, after deducting the initial purchaser’s discounts and commissions and estimated offering expenses Read…
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With the year winding to a close, analysts are dusting off their crystal balls – in an attempt to peek into the future and discover what 2021 has in store for the world of crypto. This time, it was the turn of major investment firm Blockchain Capital, which appears to be turning its year-end predictions…
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Following the excitement over rallies and all-time highs, bitcoin (BTC)’s December will likely be "uneventful," said Kraken Intelligence, the major crypto exchange’s team of in-house researchers, in their latest report. “November lived up to its reputation as a top-performing month,” said the report, with BTC seeing its best monthly performance since May 2019 Read more…
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