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Bitcoin (BTC)

Green Xmas: Bitcoin Tops $50K, Luna Dominates (This Week’s Recap)

Christmas Eve is upon us, and it’s a green one. The overwhelming majority of cryptocurrencies are trading well in the green today and, as a matter of fact – throughout the entire week. Let’s kick it off with Bitcoin. BTC’s price was trading at around $46,000 this time last week. We saw the first bullish attempt on Sunday, but the price was rejected above $48K and retraced back to $46K. Then, things started looking positive, and bitcoin started climbing towards $50K. It had...

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Bitcoin Price Analysis: This is the Next Critical Level Beyond $50K

The bitcoin price had recently reclaimed the $50K mark, topping a 16-day high. Reviewing the last year’s significant corrections, we can find an interesting pattern in the daily time frame; Breaking above the 20-day MA line and closing a candlestick above has frequently led to an upward trend. This pattern has been repeated six times but failed twice. The first failure was due to the fact that the market was already overheated. The second failed incident was due to FUDs...

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Shiba Inu (SHIB) Saw 16,000% Surge in Social Media Mentions in 2021 (Research)

Another year has passed, and we saw a number of exciting trends come and go in the cryptocurrency market. One that surely had a long-lasting impact is the trend of memecoins led by none other than Shiba Inu (SHIB). New research conducted by Global Data reveals that the social media conversations, including Shiba Inu (SHIB), have increased by a whopping 16,000% in 2021. By this metric, the meme-inspired cryptocurrency and self-proclaimed Dogecoin killer dwarfs every other coin...

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Grand Angle : La face cachée des shitcoins

« Il y a quelques jours Elon Musk relançait le débat à propos du Dogecoin en réitérant sa promesse de rendre possible l’achat de goodies Tesla avec la plus célèbre crypto à tête de chien. Attention, il n’a pas parlé de voiture … en tout cas pas encore ! Comme on pouvait s’y attendre, l’annonce a eu un effet immédiat sur le cours du Dogecoin qui a pris plus de 20% dans la journée. Ce n’est pas la première fois que le fantasque milliardaire américain fait la promotion du projet....

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Bitcoin Bulls Rage In Pushing BTC Above $51,000, Broader Market Recovers

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Bitcoin Cash Analysis: Bulls Gain Strength Above $450

Bitcoin cash price started a fresh increase above the $440 zone against the US Dollar. The price is now trading above the $450 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $435 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must gain pace above $460 for more gains in the near term. Bitcoin cash price is showing positive signs above $450 against the US Dollar, similar to...

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How the Government Handles All the BTC It’s Seized

The U.S. government has a big stockpile of bitcoin stored in a secure wallet somewhere. This bitcoin has been garnered through closing down criminal operations and seizing the assets they had in their possession. All this money eventually gets sold off through private auctions. What Does the Government Do With All the Stolen Bitcoin It’s Recovered? One such auction occurred in the year 2018. Riot Blockchain purchased roughly 500 bitcoin units for approximately $5...

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Study: Bitcoin May Be Increasing the Wealth Gap

Bitcoin has come a long way in the short time it’s been here. However, it was initially designed to diversify wealth and limit the gap between the haves and have nots by giving people the financial freedom and independence they had always wanted. Sadly, things haven’t quite turned out that way, as it appears a wealthy one percent – just like we see in standard finance and business – controls much of the world’s bitcoin supply. Bitcoin Hasn’t Distributed Wealth Evenly A...

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Bitcoin Trading Price on Tight Weekly Range Shows Up or Down Squeeze Is Imminent

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Michael Novogratz Explains Why Bitcoin’s Volatility Is Likely to Keep Decreasing

Mike Novogratz – CEO of Galaxy Investment Partners – recently gave his thoughts on Bitcoin’s price volatility going forwards. Here’s what he had to say. On CNBC’s Squawk Box, Joe Kernen pointed out to Novogratz that Bitcoin is up 66% on the year, yet down 30% from its high of $69k. He then asked if institutional adoption would lessen this apparent volatility. “I think volatility is coming down,” responded Novogratz. He recognizes how Bitcoin is relatively stable compared to...

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