Source: iStock/Sasha_Suzi Following an extremely turbulent past few days in the traditional financial markets, with an unexpected rate cut from the U.S. Federal Reserve (Fed) yesterday, bitcoin (BTC) is still trading above the key 200-day moving average line. As of press time on Wednesday (13:47 UTC), BTC is trading at USD 8,765, or 0.4% lower…
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Source: iStock/insta_photos While traditional markets experience coronavirus fears fuelled volatility, it might be still too soon to tell how bitcoin (BTC) would really perform during a period of serious financial turmoil. However, the fact that bitcoin is a “trustless asset” might be a major advantage in difficult times. Nasdaq 100 Index: __ Bitcoin price chart:…
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This past week, bitcoin fell more than 5% and it settled below the USD 8,850 support area. BTC/USD even spiked on a couple of occasions below the USD 8,550 and USD 8,500 support levels. It is currently (08:00 UTC) consolidating losses above USD 8,500 and it could either recover towards USD 9,000 or extend its…
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After trading below the USD 8,850 support, bitcoin found bids near the USD 8,550 support area. Recently, it started an upside correction above USD 8,700, but the previous supports near USD 8,850 and USD 9,000 are now (09:00 UTC) acting as key resistances for the bulls. Similarly, most major altcoins are struggling to recover further…
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Vitalik Buterin, co-founder of Ethereum. Source: a video screenshot, edited by Cryptonews.com Ethereum (ETH) co-founder Vitalik Buterin has no love for the stock-to-flow model when it comes to predicting the price of the world’s most popular cryptocurrency, bitcoin (BTC). But some believe this dislike has roots much closer to home. Sharing two article titles on…
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Source: iStock/dima_sidelnikov After a sharp market sell-off caused a flurry of long liquidations over the past 24 hours, both bitcoin (BTC) and several other major cryptoassets found support Thursday morning as the number one cryptocurrency bounced off a key level in the chart. As of press time on Thursday (08:00 UTC), bitcoin is trading at…
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After nearly all cryptoassets fell yesterday, leading to bitcoin’s safe-haven status being questioned in the community, a fresh wave of selling again hit the market on Wednesday. This time, it’s the altcoins that are taking the worst hit. As of press time on Wednesday (10:30 UTC), bitcoin (BTC) is trading at USD 9,159, down just…
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An officer in a cyber-division of the police force in Zhytomyr, Northern Ukraine, has been placed under arrest by the Security Service of Ukraine (SBU) after allegedly demanding a bribe of USD 5,000 in bitcoin. The policeman was investigating a resident of the city who was being investigated for distributing pornography online. The officer allegedly…
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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. Mining news After five consecutive increases, the Bitcoin mining difficulty dropped by 0.38% on February 25, and is estimated to decrease by another 0.91% in 13 days when the next adjustment…
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Yesterday, we saw the start of a fresh bearish wave in bitcoin below the USD 9,650 support. Later, BTC/USD gained bearish momentum and it traded below the USD 9,550 and USD 9,200 support levels. The next key support is near USD 9,050, below which there is a risk of a sharp decline. Similarly, there was…
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