The global economy is estimated to drop by 3% this year, before rebounding by 5.8% in 2021, the International Monetary Fund (IMF) said today, stressing that "this crisis is like no other." (Updated at 16:44 UTC: a new section – "Bitcoin might find its way" – has been added). In the past 60 years, the…
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People are getting increasingly more interested in the halving of the world’s number one coin by market capitalization – Bitcoin (BTC). As a matter of fact, their interest has reached an all-time high and is now stronger than in Bitcoin itself. The third Bitcoin mining reward halving is on its way, estimated to happen in…
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After tagging the USD 6,550 support area, bitcoin price started an upside correction. BTC/USD is up more than 3% and it is now trading above USD 6,750. However, the price is still below many key hurdles near USD 6,850, USD 7,000 and USD 7,200. Similarly, most major altcoins are currently (08:30 UTC) recovering and facing…
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Dan Morehead. Source: a video screenshot, Youtube/Bloomberg Markets and Finance Bitcoin (BTC) is a “serial killer” correlated with traditional risk assets only “when the world freaks out,” and the crypto markets are about to “explode higher,” according to one of the most prominent investors in the crypto space. The remarks were made by Dan Morehead,…
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One of Venezuela’s leading crypto exchanges says that government policy led it to develop a text message-powered payment system that will allow it to conduct transactions in a range of cryptoassets, including the nation’s own state-issued, oil-backed petro (PTR) token. The Criptolago platform wrote, in a tweet, “As per the guidelines of President Nicolás Maduro,…
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This image is said to be hand-drawn by Ross Ulbricht in prison: \”I let my hair and beard grow for one year after I was given two life sentences plus forty years without parole. Then I drew this picture of me in my cell.\” Source: a screenshot, Instagram/freerossulbricht Before Bitcoin (BTC) greets a bull, it’ll…
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In the past 3-4 days, there was an increase in selling pressure on bitcoin after it broke the USD 7,200 support area. BTC/USD traded below the USD 6,850 support and it could continue to move down towards the USD 6,550 and USD 6,200 support levels in the near term. Similarly, almost all major altcoins are…
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While April has historically been the second-best performing month for bitcoin (BTC), investors should watch for the possible miner and/or holdler capitulation and how the world is dealing with the COVID-19 pandemic-triggered economic crisis, according to analysts at major crypto exchange Kraken. On average, in April, BTC posts a +53% return and has the highest…
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The number of Bitcoin (BTC) whales with at least BTC 1,000 (USD 6.9 million) in their wallets has reached its highest point in more than 2 years, or almost 1,850 entities, according to a new research. Also, the number of whales active in the market during an “accumulation phase” has not been this high since…
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After multiple failures to clear the USD 7,400 resistance area, bitcoin price reacted to the downside. BTC/USD broke the USD 7,250 and USD 7,120 support levels to move into a short term bearish zone. BTC is down more than 5% (08:30 UTC) and it could continue to move down. Similarly, most major altcoins are gaining…
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