Category: N-Markets and Prices
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Former IMF Economist Mark Dow Closes $14K BTC Short
Mark Dow, a hedge fund manager and former International Monetary Fund economist, has publicly announced that he has closed his BTC short position. Based on his blog, it appears that Dow likely entered the trade when BTC was trading at around $14,000. Also Read: Canadian Crypto Exchange Coinsquare Now in 25 European Countries Mark Down Closes…
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BCH Leads the Way as Crypto Markets Brighten Up
One year to the day since reaching its all-time high, BTC did something it hadn’t done in a long time on Dec. 17 – it posted double digit growth. Over the last 72 hours, BTC has risen by over 20 percent, helping to drag the crypto market’s capitalization up by a total of $21 billion.…
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Offchain Indicators Suggest JP Morgan Is Wrong to Write off Bitcoin
JP Morgan Chase & Co. believes the current bear market is scaring investors away from bitcoin, just to add to the never-ending rumors of its demise. But as retail and institutional investors seem to be looking for other options, are classic analysts telling the whole story? Also read: Only Sharks Will Feed on the Crypto Market’s…
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Only Sharks Will Feed on the Crypto Market’s Elusive Price Bottom
2018 was a year of market bull traps and sliding prices. Now, as the year comes to an end, many cryptocurrency traders have been discussing the elusive “price bottom” for their favorite digital asset. However, pro traders understand that catching a falling knife is difficult and that elusive market bottoms can disappear within the blink…
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Markets Update: Cryptocurrencies Start the Week With Modest Gains
Digital asset prices are seeing modest improvements on Monday, Dec. 17 as the top 10 cryptocurrencies have recorded gains between 5-19% over the last 24 hours. The entire crypto-economy has captured a market valuation of $108 billion but global trade volume has remained flat, showing no immediate signs of a market trend reversal. Also read: A…
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Despite 2018 Bear Market, Top Crypto Markets Have Outperformed FANG Stocks Since 2017
Despite the 2018 cryptocurrency bear trend renewing gleeful predictions of bitcoin’s demise from mainstream financial analysts, the leading crypto markets have dramatically outperformed the ‘FANG’ (Facebook, Apple, Netflix, and Google) stocks since the start of 2017. Also Read: Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018 FANG Stocks Up Between 25% and 115% Since…
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BTI Claims Only Two of Top 25 Crypto Exchanges Accurately Report Volume
The Blockchain Transparency Institute (BTI) has published its December 2018 “Exchange Volumes Report,” claiming that only two of the top 25 cryptocurrency exchanges by reported volume on Coinmarketcap pairings accurately report their trade volume. The report also asserts that wash-trading is estimated to comprise 99 percent of the purported volume for 12 of the top…
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Bitcoin Bull Thomas Lee Claims Market Is Wrong and BTC Should Be Much Higher
Bitcoin bull Thomas Lee continues to be confident in BTC, insisting that its current price is wrong and should actually be closer to the $15,000 mark. Along with a number of other bulls, Lee has made several overly hopeful predictions this year. Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down Fair Value…
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Markets Update: Bears Continue to Drag Cryptocurrency Prices Down
Digital asset prices have been dipping in value again after a few days of price consolidation. At the moment, the entire cryptocurrency economy is awfully close to dropping under the psychological $100 billion market valuation. Furthermore, since our last markets update cryptocurrency global trade volumes are weaker than usual, with only $11.5 billion worth of…
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P2P Markets Report: Latin American Markets Continue to Post Record Volume
This past week has seen Latin American peer-to-peer markets continue to set records for trade volume. For the week ending Dec. 8, Argentina and Venezuela posted a new record for Localbitcoins trade when measured in fiat, while Colombia, Peru, and Venezuela also posted records for trade measured in BTC. Also Read: Zebpay Exchange Now Live in…