Category: Price Watch
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Ethereum deposits exceeds previous record high; are whales cashing out?
Ethereum deposits on exchanges have exceeded its previous high in December 2018, when the price of ETH fell to as low as $89. Total exchange deposits of Ethereum increased to 14.5 million across all major cryptocurrency platforms, indicating that ETH is likely being sent to trading platforms to be sold. Exchange deposits typically show that…
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Op-ed: Bitcoin has never been closer to becoming a global reserve currency, here’s why
As foreign currency markets take aim at decades-old lows against a soaring U.S. dollar, one might wonder where global citizens will turn if they are unable to flee to the greenback — whether on account of shortages, barriers to purchase, legal restrictions, or all of the above. To say foreign currencies are in a bad…
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Steem community fights Justin Sun with hostile hard fork, catalyzing massive volatility
The Steem blockchain has seen its fair share of controversy over the past several weeks, which all began after the Justin Sun-led TRON acquired Steemit in mid-February. This controversy appears to have reached a boiling point earlier this week when the Steem community exercised its voting power in order to hard fork the blockchain, leading…
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Bitcoin tries to shrug off the global financial meltdown as it rebounds sharply
[youtube https://www.youtube.com/watch?v=rPeG0BmsQwg&w=560&h=349] Bitcoin appreciated by nearly $1,700 in the last 40 hours while most financial markets around the world continue to tumble. Bitcoin price rebounds strongly The flagship cryptocurrency stole the spotlight after surging over 30 percent. Bitcoin went from trading at a low of $5,260 to hit a high of $6,930. The sudden price…
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Bitcoin price rises to $6,900: a point that kickstarted the last rally to $10,000
The Bitcoin price spiked to $6,900 on the day, rising to as high as $6,946 on BitMEX. The last BTC rally to over $10,000 started from a strong rebound from the $6,900 level. Upon rising to $6,900, the Bitcoin price saw an immediate rejection to the mid-$6,000 region, and some technical analysts anticipate a minor…
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Analysts expect this crypto to explode higher after leading yesterday’s market surge
Today has been a great day for crypto investors, with the market posting some intense gains close on the heels of its recent capitulatory downturn seen exactly one week ago. This upswing has allowed Bitcoin to climb 17 percent, while Tezos and some other smaller altcoins have climbed 20 percent or more. Although this price…