Category: Bitcoin Analysis
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Bitcoin Drops to $7,800 But Rebounds Instantly to $8,150, Tokens Suffer
On July 31, the price of bitcoin fell by 4 percent, from $8,150 to $7,800, as both major cryptocurrencies and small market cap tokens plummeted in value. Within hours after its 4 percent drop, the price of bitcoin rebounded from $7,800 to $8,150, demonstrating an instantaneous recovery from its relatively large drop. However, other major…
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Tom Lee: Bitcoin Price Recovering from Winklevoss ETF Rejection a Positive Sign
Fundstrat founder Thomas Lee, better known to the cryptocurrency community as Tom Lee, has expressed his enthusiasm towards the swift recovery of the bitcoin price from its drop in the past week. Recovery From Winklevoss Bitcoin ETF Rejection is Important On July 27, upon the rejection of the Winklevoss bitcoin ETF by the U.S. Securities…
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Crypto Market Cap Down to $295 Billion, Short-Term Drop For Bitcoin Price Expected
Over the past 24 hours, the valuation of the crypto market has dropped slightly from $300 billion to $295 billion, as the bitcoin price declined from $8,300 to $8,150. Tokens including Aelf (ELF), Holo (HOT), Zilliqa (ZIL), Binance Coin (BNB), and 0x (ZRX), which performed well against both bitcoin and the U.S. dollar last week,…
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Newsflash: Bitcoin Price Slips to $7,861 as Market Tests Key Support Level
The bitcoin price slipped back below the $8,000 mark on Monday, reversing the recovery that it had made heading into the weekend. Bitcoin entered the day trading above $8,100, a mark it largely held until shortly after 17:30 UTC when — after flirting with that level for approximately 20 minutes — BTC/USD experienced a sudden…
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This Cryptocurrency Hedge Fund Has a Lifetime Return of 10,136%
Midway through 2013, when the bitcoin price was trading at $104, cryptocurrency hedge fund Pantera Capital published an investor letter that made what at the time seemed to be a moonshot prediction: The bitcoin price, the firm said, will one day hit $5,000. Five years on, a $5,000 bitcoin price target is considered bearish, and…
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Bitcoin Price Intraday Analysis: BTC/USD Bias Conflict Prevails
So now we are at the start of another week, but Bitcoin value hasn’t really managed to extend the previous week’s powerful rally towards $8,512. As far as the long-term holdings are concerned, there is nothing much happening inside the market. In the last 24 hours itself, the BTC/USD pair continued to trend sideways within…
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Crypto Market Rebounds, Bithumb Drives Kimchi Premium Up 50%
Bithumb, formerly the biggest crypto exchange in South Korea, has driven the Kimchi Premium up 30 percent on major tokens, inflating the price of cryptocurrencies. Bithumb, the Bad Actor On June 20, as CCN reported, Bithumb was hacked for $40 million. The Financial Services Commission (FSC) and Korea Financial Intelligence Unit (KFIU) were involved in…
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Bitcoin Price Corrects to $9,200 while EOS Drops 15%, Market Moves Toward $430 Billion
The bitcoin price has slightly corrected to $9,200 after rising above $9,500. The valuation of the cryptocurrency market has increased to $425 billion, moving towards $450 billion, where it was in the beginning of March. EOS Down 15% EOS, the fifth most valuable blockchain protocol in the cryptocurrency market, has declined by more than 15…
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Bitcoin Price Climbs to $9,200, Market Hits $420 Billion as Tokens Record Gains
The bitcoin price has increased by around $400 over the past 24 hours, entering the $9,000 region and surpassing $9,200. On April 27, bitcoin experienced a sudden dip in price that sent it to the $8,800 mark. Throughout today, bitcoin and the rest of the market recorded strong gains as the valuation of the market…
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$670 Million: Bitcoin Futures Post Record Daily Volume as Market Recovers
Bitcoin futures volume reached an all-time high on Wednesday, peaking near a combined $670 million between regulated US exchanges CME and CBOE. On Chicago exchange CME, traders exchange more than 11,000 contracts, worth an equivalent 56,010 BTC. According to CME’s Bitcoin Reference Rate (BRR) for April 25, those contracts equate to more than $497 million in…