Bitcoin Price

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8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs

8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time HighsThe price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around eight different countries have seen bitcoin touch all-time highs (ATH) in their local currency. The bitcoin ATHs in these countries show how […]

The post 8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs appeared first on Bitcoin News.

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After $1,200 Surge, Bitcoin Faces Down a Pivotal Resistance Level

Bitcoin has seen an absurd bout of price action over the past few days. The leading cryptocurrency, after falling to $11,200 last week, surged as high as $13,250 on leading exchanges on Wednesday. The coin has since whipsawed since hitting those highs, dropping and rallying by hundreds of dollars below that high as investors gauge […]

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Top DeFi Coins Crater 5-10% Despite $400 Bitcoin Price Jump

Bitcoin has soared higher over the past few days. After bottoming at $11,200 late last week after the OKEx news, the cryptocurrency has mounted a comeback. As of this article’s writing, the coin trades for $11,750, around $400 higher than it was trading just 36 hours ago. The coin briefly surpassed $11,800 earlier today but […]

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Uber, Twitter Angel Investor Explains Why Bitcoin Is So Important

Bitcoin has undergone strong volatility this year as the pandemic has rocked markets. While this volatility has turned many off to this space, some say that the ongoing macroeconomic and geopolitical trends make Bitcoin more important than ever before. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Is So Important […]

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‘Enormous Wall of Money’ Coming Into Bitcoin, Price to Reach $1 Million in 5 Years, Says Raoul Pal

'Enormous Wall of Money' Coming Into Bitcoin, Price $1 Million in 5 Years, says Raoul PalMacro strategist Raoul Pal says the price of bitcoin will reach $1 million in five years. He attributes the price increase to adoption by large pools of investors and the “enormous wall of money” coming into bitcoin, rather than because “the world is collapsing.” $1 Million Bitcoin in 5 Years Former hedge fund manager Raoul […]

The post ‘Enormous Wall of Money’ Coming Into Bitcoin, Price to Reach $1 Million in 5 Years, Says Raoul Pal appeared first on Bitcoin News.

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3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing

Bitcoin has surged higher over the past 48 hours due to positive fundamental trends. The cryptocurrency, which traded as low as $10,400 just a week ago, now trades for $11,400. Less than a few hours ago, the coin was trading just shy of $11,500. BTC’s ongoing move higher has convinced many analysts that a larger […]

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Despite Short-Term Weakness, Bitcoin Macro Trend Still Positive

Since peaking in late August, the price of Bitcoin has undergone a strong decline that has brought the cryptocurrency as low as $9,800. At its worst, BTC was trading more than 21% below its local year-to-date high. Despite this short-term weakness, analysts remain convinced that the long-term trend of the cryptocurrency remains intact. One Bitcoin […]

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Bitcoin Forms Pivotal Long-Term Uptrend Signal Last Seen in 2014

Bitcoin has traded in a relatively tight $2,000 range over the past two months after a rejection in the $12,000 region. The slow price action in the leading cryptocurrency also comes as legacy markets, such as the S&P 500 and precious metals, have undergone some stagnation. Bitcoin’s inability to break higher after retaking crucial long-term […]

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Bitcoin Is Facing Down a Critical $30m Sell Wall at $11,000

Bitcoin has been inching higher over the past 24 hours as the cryptocurrency market has become correlated with the S&P 500 once again. Both markets are up over the past day, pushing higher on the news that President Donald Trump is seemingly healthy despite contracting the illness spreading around the globe. If the cryptocurrency moves […]

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Bitcoin Fractal Predicts a Return to $11,000 Is Imminent

Bitcoin has been consolidating between $10,000 and $11,000 over the past month, barely deviating from this relatively tight range. A crucial fractal analysis predicts that the cryptocurrency is primed to break out of this range in the coming days and weeks. Here’s more on why. Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After […]

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Bitcoin Pushes $10,700 as Market Shakes Off BitMEX, President Trump News

The Bitcoin market is shaking off the strong correction to $10,400 last week. The leading cryptocurrency currently trades for $10,700, a few percent above those lows as buyers come in ahead of the legacy market open on Sunday. In the past 24 hours, Bitcoin is up a healthy 1%, allowing it to actually outperform a […]

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Gold Is Poised to Retake a Crucial Support—and That’s Bullish for Bitcoin

Bitcoin has seen muted price action over the past few days after plunging from the $10,900 weekly highs as a result of negative new regarding BitMEX. Gold may soon be primed to retake a crucial support level on a medium-term scale, which may help to boost BTC after the aforementioned correction. Related Reading: Ethereum Transaction […]

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These 3 Trends Show Bitcoin Is Primed to See a Strong Breakout

Bitcoin is expected to soon see a strong breakout as the price action of the cryptocurrency tightens after the news that the U.S. CFTC is charging BitMEX. Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After Uniswap Launch Bitcoin Primed to Break Out, Technical Trends Show Bitcoin’s price action has undergone extreme tightening over […]

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Bitcoin Is Holding a Support That Stretches Back to 2018’s Lows

Bitcoin has seen weak price action since reaching the highs of $12,500 in late August. At the start of the month, the leading cryptocurrency slipped from the year-to-date highs to a low of $9,800 as it corrected in tandem with legacy markets. Fortunately for bulls, analysis by a number of traders has indicated that BTC […]

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Bitcoin Posts a 66-Day Consecutive Streak Above the $10K Price Range

Bitcoin Posts a 66-Day Consecutive Streak Above the $10K Price RangeThe Bitcoin network has achieved a few new milestones during the last week, as the price has remained above the $10k range for a record 66 consecutive days. Meanwhile, the network has surpassed 18.5 million bitcoin issued, as the global hashrate coasts along at an all-time high of 140 exahash per second (EH/s). As of […]

The post Bitcoin Posts a 66-Day Consecutive Streak Above the $10K Price Range appeared first on Bitcoin News.

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Bitcoin Slips $400 as CFTC Charges BitMEX Over Derivatives Violations

Bitcoin is tumbling lower after it was revealed that the U.S. Commodities and Futures Trading Commission (CFTC) is charging BitMEX. BitMEX is a leading crypto derivatives platform based in the Seychelles. The U.S. regulatory agency, which focuses on derivatives, was rumored to be investigating the company. In 2019, Bloomberg came out with a report suggesting […]

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Bitcoin Just Printed a Monthly Close Above a Pivotal Support Level

It’s been quite the boring past four weeks for the Bitcoin market. The cryptocurrency, after suffering a strong plunge at the start of the month, was largely rangebound between $10,000 and $11,000 over September. Despite the lack of strong price action, not all hope is lost for Bitcoin bulls. In fact, many analysts remarked at […]

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Bitcoin Forms “Obviously Bullish” Divergence as User Count Spikes

Bitcoin underwent multiple rejections in the $11,000 region over recent weeks, suggesting the asset remains rangebound. Fortunately for bulls, there are on-chain trends suggesting that the cryptocurrency is in a bullish state. There are also underlying fundamentals like a commitment to inflation by the Federal Reserve that could spur further BTC purchasing. Related Reading: MicroStrategy’s Stock […]

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Bitcoin price risks even larger pullback in Quarter 4 after shrill refusals

Bitcoin risks a huge withdrawal in the fourth quarter because of the conflux of bearish technical structures and macro uncertainty

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Devere Group CEO Predicts Bitcoin Can Replace Gold as Top Safe-Haven Within a Generation

Devere Group CEO Predicts Bitcoin Can Replace Gold as Top Safe-Haven Within a GenerationA few weeks ago, Devere Group CEO and founder Nigel Green said that he believed the U.S. election would bolster the price of bitcoin. Speaking with the financial broadcast MoneyFM on Monday, Green said he also believes that bitcoin will replace gold as the ultimate financial safe haven within the timespan of a generation. Devere […]

The post Devere Group CEO Predicts Bitcoin Can Replace Gold as Top Safe-Haven Within a Generation appeared first on Bitcoin News.

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