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Tag Archives: bitcoin price

Mike Novogratz Starts 2020 with a “Simpler” Prediction for Bitcoin

Former hedge fund manager Mike Novogratz is joining the ranks of Tim Draper, Charles Hoskinson and Ross Ulbricht and making some wild predictions about bitcoin’s price for the year 2020.Mike Novogratz: $12K for Bitcoin SoonIn a recent tweet, Novogratz commented that he thinks the world’s leading cryptocurrency by market cap will spike to $12,000 in the coming months. While $12K is certainly a fine number by most standards, it doesn’t quite garner attention or interest the way the predictions...

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2019 Bitcoin Wrap: How Fundamental Factors Dictate Market Sentiment

At the time of writing, BTC/USD was changing hands for $7,230.01, down about 2% in the last 24 hours and not changing since the start of the day. The cryptocurrency of the first choice is closed in the range with a moderate bearish bias before the New Year.Brokers and financial specialists will, in general, leave the space during significant occasions. Accordingly, low, slow action prompts low volumes and low liquidity. While the generally merry season in the business sectors is exhausting,...

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Bitcoin Post-Holiday Consolidation Opens Up New Opportunities for Altcoins

Bitcoin’s market capitalization has grown by 1.4% over the past 24 hours and now stands at $ 197.1 billion. Trading volume also rose to $ 17.2 billion (+ 26.6%). The weakness of the Bitcoin consolidation made it lose a bit of dominance, which now stands at 68.08%.Bitcoin (-0.16%) uninterrupted with growth over the weekend, but with fears among buyers, while Bitcoin SV, Litecoin and Bitcoin Cash has grown by 3.5% over the past 24 hours. Also a solid momentum: Binance Coin (+ 5-15%), Ethereum...

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Peter Schiff is Right in One Thing: Bitcoin Became Uncorrelated Asset

Even though we can say that Bitcoin was one of the assets that grew almost 100% this year, it seems that Euro Pacific Capital CEO Peter Schiff doesn’t agree.In his tweet, Schiff pointed out that that Bitcoin is the only asset class that is not rallying at the moment.Bitcoin is not disappointing those who claim its true value is that it’s a non-correlated asset. Every asset class in the world is rallying into the end of the year except Bitcoin. Not sure what value this actually adds, but at...

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Mike Novogratz Predicts Bitcoin Enters Year 2020 in 12K Price Zone

Novogratz is a fan of making Twitter predictions. This time, he thinks that Donald Trump will lose the Presidential elections. His competitor, according to Novogratz, will have 10 million votes more. One of the subscribers made a bet that this will not happen, placing 1 ETH and Novogratz accepted the deal.However, when it comes to Tom Hanks, Novogratz thinks that no other actors can dive into the Process as precisely as he can. Regarding “A Beautiful Day in the Neighborhood”, he thinks that...

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Bitcoin Shoots Past the $7,400 Mark

We’ve got some good news, folks. At the time of writing, the world’s number one cryptocurrency by market cap – bitcoin, of course – has shot past the $7,400 line for the first time in weeks.Bitcoin Is Heading HigherThis is a significant improvement over the $7,100 level it’s been trading at for some time. While the currency rose this high during the mid-December point, it appeared bitcoin couldn’t retain this level of momentum, and immediately fell back down to the low $7,000 range. Now, it...

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Bitcoin Boom or Burst: Fresh Wave of Rallies Appears to Be Hitting the Market

Bitcoin has spiked this week, reaching $7,600 on Monday for the first time in almost 14 days, but quickly declined at the upper price level of $7,688.99. This step increased the profit of Bitcoins before the holidays.Investors are encouraged that now Bitcoin is approaching the $8,000 level. And there is an increasing likelihood that traditional non-crypto investors, traditional financial investors, may again begin to look at crypto. This is very important because introducing this new type of...

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New Report Discusses Some of the Issues Associated with Bitcoin Mining

At the time of writing, bitcoin is on something of a rebound. The currency has recently spiked back into the $7,100 range despite falling to $6,800 as early as last week, but one source says we should have “seen this coming.”Bitcoin Is Moving on UpAccording to new data regarding mining operations, the price of extracting a new bitcoin costs roughly $6,300. Thus, it’s unlikely that bitcoin will ever fall below that level. Just a few days ago, bitcoin came dangerously close to that point, but...

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Tim Draper: BTC Will Reach $250,000 Next Year

Well, well… Here’s some exciting news. Tim Draper is joining the ranks of people like Ross Ulbricht and claiming that 2020 will be the year in which bitcoin hits new heights.Tim Draper Is a Man of Wild PredictionsPreviously, the venture capitalist claimed that bitcoin would likely hit the $250,000 mark by the year 2022. He later pushed his prediction back a few months to 2023, but now he’s moving everything forward by roughly three years. He thinks bitcoin could easily reach this figure by...

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Mixed Outlook Looms even as Bitcoin Rally Attempts to Get Closer to $8000

The weekend was positive for Bitcoin with another batch mimicking up during late U.S. trading and early Monday morning in Asia.BTC/USD is currently trading at $7,521 (+ 5.4% on the daily chart). The coin has been recovering since Sunday. During the early Asian hours, the cryptocurrency attempted the area above $7,600.Sentiment among traders and analysts altered back up again as optimism for “a year-end rally” returned to cryptocurrencies.Analysts maintained their range during the sudden...

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