Tension between China and the U.S. is increasing and if the current trade deal is scrapped Bitcoin could be a major beneficiary. The tensions between the U.S. and China have escalated once again. This is bad news for the global economy which is currently witnessing one of the worst crises since the Great Recession. If…
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Many altcoins are showing significant strength as they approach their 200-day moving averages, this suggests that the sentiment in the sector remains bullish. Institutional demand for Bitcoin remains high, even as the price turned down after the block reward halving. Some in the space believe that if institutional and retail demand picks up, there will…
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Several major cryptocurrencies have turned down from their resistance levels, hinting that further downside could occur in the short-term. Bitcoin (BTC) has neither run away nor plunged following its halving, which suggests that history might be repeating itself. After the first halving, the top-ranked cryptocurrency on CoinMarketCap moved up only by 7% after a month.…
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A few major cryptocurrencies are in an uptrend and they could offer buying opportunities in the short-term. For some reason, Bitcoin (BTC) analysts never take the middle path. They either project that the price will go to the moon or warn of imminent doom. After surviving and thriving for over a decade and being one…
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Most major cryptocurrencies are struggling to break out of their immediate resistance levels, which could result in a minor pullback for the next few days. Several economies around the globe are lifting lockdown restrictions that have been in place for the past few weeks. This will enable businesses to gradually come back on track and…
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The action in altcoins has become coin specific, meaning, traders should remain with those that are in an uptrend as they are likely to follow Bitcoin if it moves higher. A month after the first halving, Bitcoin (BTC) moved up by 7% but following the second halving, the price slipped by 10% in a month.…
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The hash rates of BCH of BSV have recovered, after crashing hard following their April halvings. Mining profitability for BSV, BCH, and BTC is now roughly the same. The Bitcoin Cash and Bitcoin SV hash rates have recovered following a dramatic fall after their halvings in April, as the Bitcoin hash rate declined since the…
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With less than three days left until the halving, Bitcoin is currently outperforming every mainstream asset class for 2020 so far. Data published by market research firm Fundstrat shows that Bitcoin (BTC) is the top-performing asset class of 2020 so far. The data, posted to Twitter by Fundstrat’s Thomas Lee, shows Bitcoin to have outperformed…
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With the Bitcoin halving set to transpire in just a few days, analysts are predicting significant disruptions to mining operations. With Bitcoin (BTC) block rewards expected to halve during the early hours of May 12, many analysts are starting to weigh in on what the event will mean for the crypto markets and mining community.…
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An anonymous blogger has again accused Satoshi claimant Dr. Craig Wright of plagiarism — this time in his doctoral thesis. The man who claims to have written the Bitcoin whitepaper has been accused of committing plagiarism again, this time in his doctoral thesis. PaintedFrog, the pseudonymous writer who previously accused Dr. Craig Wright of plagiarizing…
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