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bitcoin

This Metric Suggests Bitcoin Has Bottomed Out

Bitcoin likely carved out a major price bottom in December, according to a non-price metric, which has proved to be a reliable price indicator in the past.  The leading cryptocurrency is currently trading above $7,700, having hit eight-month lows below $6,500 in mid-December. While the bounce is encouraging, the cryptocurrency remains …

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China Shuns Bitcoin; More Google Censorship?

CHINA’S CRACKDOWN Chinese regulators issued a warning on December 27 about the rise of virtual currency trading activity as its central bank gears up to launch its own state-backed cryptocurrency. Despite President Xi Jinping’s October statement in support of blockchain technology, Chinese leaders do not appear to be willing to relinquish control and power by welcoming decentralized cryptocurrencies …

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Bitcoin, cryptocurrency discussions are like religious debates among zealots

Michael Arrington, partner at Arrington XRP Capital, made waves in the cryptocurrency community after he penned an article titled, “It Will Take Years for Smart People to Understand Cryptocurrencies.” Comparing the current state of Bitcoin and cryptocurrencies to the early days of the Internet, Arrington addressed how fiat money facilitates war and …

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Bitcoin is on the Cusp of a Major Price Movement

Bitcoin struggles to move out of the consolidation phase that began in late November 2019. Here’s what it would take to trigger a BTC breakout. Bitcoin Technical Analysis After peaking at nearly $14,000 in June 2019, Bitcoin went through a corrective period that saw its price drop over 50%. The …

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Bitcoin Jumps 5%, Gaining With Gold, After US Kills Top Iranian Official

Bitcoin jumped the most in two weeks after a U.S. drone strike killed a top Iranian military commander, fueling speculation that heightened geopolitical turmoil might spur demand for the cryptocurrency in 2020.  The digital asset’s price jumped 5 percent Friday to $7,300 as of 16:07 universal coordinated time (11:07 a.m. …

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U.S. Assassination Of A Major Iranian Official Poses An Unprecedented Test Of Bitcoin’s Role As A Safe Haven Asset

The bitcoin price got a shot in the arm as news came out last night that the U.S. assassinated Qassem Soleimani, head of the feared and formidable Iranian Revolutionary Guard Corps (IRGC). As of this writing, the bitcoin price is up 4.74%, approaching $7,400. It is tempting to take this observation …

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Bitcoin Will ‘Moon’ If There Is War With Iran

It behooves a speculator to speculate, and nothing gets the attention of the speculator more than the classic market catalyst of “war in the Middle East.” So last night’s U.S. strike, killing Iranian General Soleimani, is the sort of event that gets markets moving. As one might expect, oil jumped …

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