Category: Bitcoin Price News
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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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Newsflash: Bitcoin Price Leaps to $8,215 as Bulls Fight Off ETF-Induced Slump
Sorry bears, but it looks like the party’s over. Bullish traders on Friday pushed the bitcoin price back above the $8,000 mark, reversing a Thursday evening plunge that occurred in the immediate aftermath of the U.S. Securities and Exchange Commission’s announcement that it had denied the Winklevoss twins’ bitcoin ETF application for the second time.…
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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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Massive Hacks, VC Wars, and Governments Embrace Blockcain: This Week in Crypto
Make sure you check out last weeks post here, now let’s go over what happened in crypto this week. Price Watch: Bitcoin is up 5% this week after a strong gain of 15% last week. Much of the price gain came in a giant green candle when the price hit $9,000 before soaring up to $9,230 and stabilizing…
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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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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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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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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…