After several attempts to clear USD 8,300, bitcoin price finally gained bullish momentum. BTC/USD rallied more than 5% and traded above a few important resistances such as USD 8,300, USD 8,500 and USD 8,550. The price is currently (11:00 UTC) consolidating gains and it could continue to rise towards USD 8,750. Besides, there were decent…
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After struggling to settle above USD 8,300, bitcoin price started a downside correction. BTC/USD traded below the USD 8,200 support, but it remained well bid above the USD 8,050 support area. The price is currently (08:00 UTC) trading in range, with resistance near USD 8,300 and support at USD 8,050. On the other hand, there…
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A victim of a Muhstik Ransomware attack paid in bitcoin (BTC) to unlock his files just to strike back and hack his hackers. In turn, he released nearly 3,000 decryption keys for other victims, along with free decryption software. German programmer Tobias Frömel was forced to pay 0.09 BTC (USD 700) after attackers hacked into…
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Source: iStock/eclipse_images The Bitcoin (BTC) blockchain seems to be in its best shape yet as multiple symbolic milestones signal growth and health of the network. For starts, Bitcoin all-time cumulative transaction fees are approaching a symbolic amount of USD 1 billion. At the same time, Bitcoin all-time miner revenue (transaction fees plus block rewards) is…
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Recently, there was a decent rebound initiated in bitcoin price above the USD 8,000 resistance area. BTC/USD even climbed above the USD 8,100 and USD 8,200 resistance levels. However, the price struggled to gain bullish momentum above USD 8,300 and it is currently (08:00 UTC) correcting gains. Also, there was a strong rise in most…
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This past week, bitcoin price remained in a bearish zone and settled below the USD 8,500 support area. BTC/USD broke the USD 8,250 and USD 8,000 support levels to move further into a bearish zone. The current (08:00 UTC) price action is negative, suggesting more downsides below USD 7,800. Similarly, ethereum is facing an uphill…
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In the past two sessions, bitcoin price declined below the USD 8,200 support area. BTC/USD tested the USD 8,000 support and it is currently (08:00 UTC) consolidating losses. It seems like the price is struggling to recover and it is facing many hurdles near USD 8,300, USD 8,400 and USD 8,500. Similarly, there were bearish…
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By tracking issuance of new ERC-20 Tether (USDT) tokens, traders could predict bitcoin (BTC) price and move faster in and out of the crypto market, according to Sid Shekhar, co-founder of TokenAnalyst. Blockchain intelligence firm TokenAnalyst looked into the correlation between BTC price and USDT supply, after observing that 2019 alone saw a net total…
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Recently, bitcoin price declined below USD 8,300, but the USD 8,200 level acted as a support. As a result, there was a fresh increase, but the price is struggling to gain pace above USD 8,400 and is currently (08:00 UTC) well below the USD 8,500 resistance levels. Similarly, there was a short term upward move…
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Source: iStock/hocus-focus A German bank believes that bitcoin prices are in for a major boost next year, and says current prices do not take into account the token’s forthcoming mining reward halving – expected to take place in May 2020. The bank estimates that BTC might hit USD 90,000, while it trades at c. USD…
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