In the past few hours, there was a sharp decline in bitcoin price below the USD 7,800 support. BTC/USD declined more than 6% and it even broke the key USD 7,500 support level. It seems like the bears are aiming a test of the USD 7,200 support level in the coming sessions. Similarly, most major…
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Following an announcement from CME Group yesterday, some might get confused that the major derivatives market would shut down trading in bitcoin (BTC) futures & options, along with trading in other assets. Fortunately, this is not the case. What CME really said was that their “Chicago trading floor” would close for business as a precaution…
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The nascent market for bitcoin options contracts saw surging trading volumes as the bitcoin (BTC) spot price dropped heavily last Sunday and Monday. Since then, however, interest has largely died off, with volumes now back to a normal range. The total bitcoin options trading volume on Monday reached USD 198.7 million, the highest number ever…
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Belarus could join the growing ranks of countries that allow government agencies and police forces to seize and auction cryptoassets, closing legal loopholes that currently bar the seizure of digital coins. In an interview, Ivan Noskevich, the head of the Belarusian Investigative Committee, told state-run broadcaster Capital TV that his organization had requested that Read…
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Source: iStock/da-kuk While crypto may be an uncorrelated asset class, one analytics firm says that the virus fears had an “undeniable effect” on cryptocurrency prices, following the massive sell-off in both stocks and crypto on Monday. (The second paragraph was updated at 15:47 UTC). However, on Tuesday, markets turned green as bitcoin (BTC) returned above…
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Recently, we saw a significant drop in bitcoin price from well above the USD 8,550 support. BTC/USD declined more than 10% and it even settled below the USD 8,000 level. The price is currently (09:00 UTC) consolidating losses and it remains at a risk of more losses below USD 7,800 and USD 7,700. Similarly, most…
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As Bitcoin (BTC) mining difficulty and hashrate hit new highs, less efficient miners, hurt by the virus outbreak, new-generation rigs, and falling BTC prices, may be out of business. Bitcoin mining difficulty, a measure that shows how hard it is to compete for mining rewards, has hit yet another record. According to the major Bitcoin…
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Bitcoin (BTC) dropped this weekend to the levels last seen in January, and another reason behind it my be multi-million dollar sell-off by an alleged USD 2.9 billion Ponzi scheme. As reported, in a surprising twist (if anything can surprise the Cryptoverse anymore), BTC price crashed this weekend, pulling many altcoins with it. It has…
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As global stock markets saw massive sell-offs overnight, cryptoassets also fell sharply, with both bitcoin (BTC) and ethereum (ETH) recording double-digit losses over this past weekend. However, some industry observers claim that crypto’s mainstream moment as a utility may finally be here, but early-stage projects with limited adoption might become ghostowns. As of press Read…
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In a surprising move, bitcoin (BTC) price crashed this weekend, dropping to the levels last seen in January, while all major altcoins are in red against BTC on Sunday. BTC dropped on Saturday sharply and is still moving down on Sunday. At pixel time (16:01 UTC), bitcoin trades at c. USD 8,431 and is down…
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