Category: Bitcoin Price News
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Crypto Market Adds $5 Billion as Tokens Rebound, Low Bitcoin Volume a Concern
Over the past 24 hours, tokens including Digibyte, Aelf, Polymath, and 0x have rebounded, pushing the valuation of the crypto market to $258 billion. Both Bitcoin and Ether, the native cryptocurrency of Ethereum, recorded a two percent increase from yesterday’s price range, as Bitcoin rebounded to $7,160 and Ether reached $413. However, in the past…
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Crypto Market Valuation Drops to $250 Billion, Volume Declines Substantially
The valuation of the crypto market has dropped by $50 billion within a week, from $300 billion to $250 billion, led by the fall of Bitcoin. In the past 24 hours, the Bitcoin price fell from $7,250 to $6,950, extending its loss on August 4 and recording another 4 percent loss on the day. Volume…
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Bitcoin Price Drops, IPO’s and an NYSE Bitcoin Market: This Week in Crypto
Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify or wherever you get your podcasts. Price Watch: The bitcoin price is down 15% this week following strong gains of 9% last week and 18%…
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Bitcoin Price Dips to $6,950 Despite Crypto Foray by NYSE and Starbucks
On August 4, after rebounding from $7,200 to $7,500, the price of Bitcoin fell below the $7,000 mark for the first time since July 18. Over the past three weeks, from July 18 to August 4, the price of Bitcoin has been relatively stable in the $7,200 to $7,500 region, recording limited volatility in the…
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We Expect Future Bitcoin Price Declines: Goldman Sachs
Investment banking giant Goldman Sachs may be launching a cryptocurrency trading desk, but that doesn’t mean that the firm is going to start making bullish bitcoin price calls. Goldman Sachs Makes Bearish Bitcoin Price Call Writing in the firm’s midyear economic outlook report, a team of Goldman investment strategists predicted that, despite having already shed…
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Bitcoin Price Retreats 2% as Crypto Market Continues Decline, $8 Billion Dropped
In the past 24 hours, the crypto market dropped $8 billion as major digital assets including Bitcoin, Ether, and Bitcoin Cash recorded losses in the range of two to five percent. Bitcoin Cash and Stellar recorded the largest losses amongst the top ten cryptocurrencies, while Ripple and EOS remained relatively stable with a one percent…
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Bitcoin Price Won’t Hit a New High [This Year]: Trader
It’s possible that the bitcoin price has found a bottom, but that doesn’t necessarily mean that it’s headed for a new all-time high before the end of the year. That’s according to Tuur Demeester, an economist and bitcoin trader, who argues in a new report that the market needs more time to absorb the historic…
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Bitcoin Price Preparing for a Breakout [But Must Hold Above $6,800]: Wall Street Trader
One of Wall Street’s biggest crypto bulls said that the bitcoin price could be primed for a breakout, as long as it continues to hold near its present level at $7,500. Bart Smith, head of digital asset at Pennsylvania-based trading firm Susquehanna International Group, provided this analysis during an interview with CNBC, explaining that he…
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Crypto Downtrend Continues With Bitcoin at $7,680 in Weak Recovery Attempt
On August 1, the valuation of the crypto market fell to $270 billion as the price of Bitcoin declined by more than 7 percent from $8,300 to $7,500. Low Volume Over the past 24 hours, Bitcoin and other major digital assets have slightly rebounded, adding $3 billion to the valuation of the crypto market. However,…
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Bitcoin Price Intraday Analysis: BTCUSD Bearish Pattern Continues
It is not a new day for Bitcoin speculators, for the prevailing bearish bias in the market has been intensified further following a strong selling round. The day started with BTC/USD sticking to its chop-mood before invalidating a significant support level at 7814-fiat yesterday. We had discussed two outcomes in our previous analysis following the…