Yesterday, we discussed the chances of a fresh monthly high in bitcoin price above the USD 7,200 resistance. BTC/USD did gain bullish momentum above the USD 7,200 and USD 7,450 resistance levels. It traded to a new monthly high close to USD 7,750 and it is currently (08:30 UTC) consolidating gains. Similarly, there was a…
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Raoul Pal. Source: a video screenshot, Youtube/Real Vision Finance Another prominent Bitcoin bull is tipping bitcoin (BTC) to reach a price of USD 1 million within the next few years, just over a year IBM’s former head of crypto made a similar prediction, following on from eccentric tech magnate John McAfee, who has famously predicted…
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The coronavirus pandemic has sent much of the world into an economic tailspin – but for some South American nations, such as Argentina and Venezuela, financial turmoil predates the health crisis by several months. Now innovators in both countries have turned to blockchain technology and cryptocurrency in an attempt to dig the nations out of…
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While bitcoin (BTC), ethereum (ETH), and tezos (XTZ) could go up in the next week, an artificial intelligence (AI) system predicts that the same fortune doesn’t await the rest of the top 10 coins. Crypto data firm Nomics has announced on Wednesday the beta release of 7-day cryptoasset price predictions, utilizing a machine learning model…
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Bitcoin company Purse reversed its decision and decided against closing its doors, after it was thrown a lifebelt in the form of a potential acquisition. "Several parties – including well known bitcoin advocates, high volume users, and established cryptocurrency companies – reached out with interest in acquiring purse.io," yesterday wrote Purse support Read more »Pay,…
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The most popular cryptocurrency, bitcoin (BTC) rallied on Thursday sharply, almost recovering all losses suffered on Black Thursday in March. At pixel time (14:55 UTC), BTC trades at c. USD 7,573 and is up 5% in an hour and 6% in a day. The price increased 8% in a week and 12% in a month.…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news Crypto market researcher Glassnode has announced that Hodler Net Position Change is now hitting yearly highs. Per their tweet, it’s been growing since the end of March, with…
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The crypto market is “returning to rational” levels as the correlation between bitcoin (BTC) price and spot trading volume has dropped following the crypto market plunge on March 12, according to TokenInsight, a token data and rating agency. Total trading volume across almost 300 spot exchanges surpassed USD 6.6 trillion in the first quarter of…
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After a short term downside correction, bitcoin price found support above USD 6,750. Recently, BTC/USD consolidated in a range above USD 6,800 and it seems like the bulls are now preparing for an upward move towards the USD 7,050 and USD 7,200 resistance levels. Similarly, there are positive signs emerging for most major altcoins, including…
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Although holders of both bitcoin (BTC) and gold are often motivated by an idea of investing in assets that are outside of the financial system, it might not be the case, according to a popular macro strategist who believes that that the next world reserve currency will be “a crypto.” Speaking with Anthony Pompliano, Morgan…
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