Category: Bitcoin Analysis
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Bitcoin Price Rebounds to $9,200 After a 10% Decline, Market Begins to Rebound
The bitcoin price has rebounded to $9,200 after experiencing a 10 percent decline on April 26, from $9,700 to $8,800. The sharp decline in the price of bitcoin was said to be triggered by the sale of the Mt. Gox trustee funds. Swift Recovery More than 17,000 bitcoins were said to be dumped on the…
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$40 Trillion Cryptocurrency Market Cap ‘Definitely Possible’: Pantera Capital CEO
The founder of cryptocurrency hedge fund Pantera Capital said on Thursday that he believes the cryptocurrency market cap could one day be worth $40 trillion. Dan Morehead, who is also the firm’s CEO, said in an interview with Bloomberg that he believes the fair market value of the cryptocurrency market cap is an order of…
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Kyber Network and OmiseGo Surge 70% With Bithumb Integration as Bitcoin Dips Below $9,000
Kyber Network (KNC) and OmiseGo (OMG) have surged by more than 73 percent and 32.5 percent respectively upon the announcement of South Korea’s biggest cryptocurrency exchange Bithumb’s integration. Bithumb Jackpot Earlier this year, Storm, an Ethereum-based ERC20 token project that incentivizes users for completing microtasks such as viewing advertisements on mobile phones or carrying out…
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‘New Money’ is on Bitcoin, Not Bitcoin Cash: Fundstrat’s Tom Lee
Thomas Lee, co-founder of Fundstrat Global, doesn’t like to take sides in the bitcoin/Bitcoin Cash rivalry. But holding his feet to the fire, Lee would bet on the No. 1 cryptocurrency over its spin-off, Bitcoin Cash. Bitcoin and Bitcoin Cash advocates have locked horns over which is the better digital currency, and Lee’s decision isn’t…
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Launch Time? 82% of Institutional Crypto Investors Believe Bitcoin Price Has Bottomed
Institutional investors that have already invested in cryptoassets and are long-term bullish on the industry believe that the Bitcoin price has already bottomed out and will end the year above where it is currently trading. That’s according to an informal survey conducted by Wall Street strategist Fundstrat Global Advisors, who administered it at a recent…
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Ethereum Price Leads Morning Retreat as Market Dips Below $400 Billion
The cryptocurrency markets made an early morning retreat on Wednesday, pressing pause on its extended bull run. The Ethereum price led the retreat with a nine percent decline, and altogether nine of the 10 largest coins and tokens lost value against the dollar, while four posted double-digit declines. The major price action began Wednesday morning…
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Ethereum Price Roars Past $700 as Crypto Market Value Rivals That of Facebook
The Ethereum price crossed a major milestone on Tuesday, surpassing the $700 mark for the first time in more than a month. The rally was far from an isolated occurrence, as the cryptocurrency market cap achieved an eight percent advance, adding nearly $33 billion to its rapidly expanding waistline. In the past week, the market…
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‘Bitcoin Is Bigger Than the Internet’: Billionaire Investor Tim Draper
Billionaire Silicon Valley venture capitalist Tim Draper is doubling down on his bullish bitcoin hand. Draper, founder of Draper Associates, became famous for his early backing of tech sensations Tesla, Jobs.com and Skype, but if you ask him today, bitcoin surpasses them all. He was asked during a panel discussion at the Intelligence Squared/Manhattan Institute US…