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Bitcoin Crosses $1 Trillion Market Cap as ETH Eyes $2K: The Weekly Market Recap

This is one of the most monumental weeks in Bitcoin’s history. Today, February 19th, 2021, for the first time ever, the cryptocurrency’s market capitalization surpassed $1 trillion. That’s right! Bitcoin became a trillion-dollar asset!This became possible after a dynamic week of trading where BTC’s price surpassed $50K for the first time in history. Just today, it also charted a new all-time high of $54,924 on Bitstamp – inches away from $55K. Nevertheless, this marks a staggering growth in...

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Crypto Price Analysis & Overview February 19th: Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot

It’s safe to say that the past 7 days were particularly intense on the cryptocurrency market. The cryptocurrency that expanded the most out of the large-caps is Binance Coin (BNB) as it surged by a whopping 150% in a week.BitcoinBitcoin is up by a strong 14.8% this week as the cryptocurrency continues to set new ATH prices today. Last week, it was battling with the resistance at $48,570, provided by a 1.414 Fib extension level.This level was only penetrated on Tuesday, which allowed Bitcoin...

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Bitcoin Price Analysis: BTC Sets ATH at $53K, is $60,000 in Sight?

Bitcoin is up by 2.2% today as the coin increased by $2,300 from today’s low of $50,627 to set a new ATH price at $52,943.Overall, the cryptocurrency has managed to surge by 10% over the past week after breaching the $50,000 level on Wednesday to reach the resistance level at $52,365 (short-term 1.414 Fib extension). BTC has been battling with this resistance over the past 48 hours as it has been unable to close a daily candle above it so far. It will be interesting to see if Bitcoin can make...

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Legendary Rock Star Gene Simmons Buys Cardano (ADA) Worth $300,000

Gene Simmons, the legendary KISS bassist, has made another dip into cryptocurrencies. The famous musician has expressed his belief in Cardano, presuming 2021 would be “the most productive year” for the altcoin.Believing in the Future of CardanoRock star Gene Klein, aka Gene Simmons, has appeared in online social media with yet another pro-cryptocurrency commentary. This time KISS’s legendary bass guitarist has expressed his opinion on Cardano and its native digital coin ADA.In his recent...

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Bitcoin is a Poor Hedge Against Equities, JPMorgan Analysts Say

JPMorgan Chase & Co strategists have warned that BTC’s price could be in bubble territory as it’s significantly higher than their estimated fair value. Furthermore, the analysts believe that bitcoin, and other cryptocurrencies, have failed to serve as a hedge to equities.JPM’s Swinging BTC OpinionAfter being somewhat positive on BTC for months, claiming that the asset has taken some of gold’s market share because of the skyrocketing demand, JPM has changed its tune on the...

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Famous Gold Bull Jeffrey Gundlach Says Bitcoin is a Better Investment

Popular gold advocate Jeffrey Gundlach, CEO of DoubleLine Capital, has thrown his weight behind Bitcoin (BTC), stating that the crypto asset is a better investment than the precious yellow metal.Gundlach tweeted earlier today that despite being a strong gold bull and a long-term U.S. dollar bear, he has chosen to be neutral on both for the past six months.  Gundlach Makes U-turn  Earlier this year, Gundlach declared his hatred for Bitcoin, joining other traditional financial experts to call...

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Bitcoin Price Now Stands at $80,000 in Nigeria

Cryptocurrency trading has continued to thrive in Nigeria despite the ban imposed by its Central Bank. The Central Bank Of Nigeria had earlier issued a circular warning financial institutions against enabling bitcoin transactions. The digital asset currently trades 52% above the global price in Nigeria.Statistics show that bitcoin is currently trading at a 52 percent premium in Nigeria. The premium is as seen on the leading cryptocurrency platform, Luno. While the global price stands north...

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Bill Gates Shares His Thoughts on Bitcoin and Digital Currencies

While predicting that the future of payments lies with digital currencies, Microsoft co-founder and philanthropist Bill Gates highlighted a “neutral view” on bitcoin. Nevertheless, he suggested that the digital form of money would need to enable transaction reversals and complete visibility.I Don’t Own Any Bitcoin, Says GatesThe 65-year old US business magnate, author, and philanthropist seems slightly more optimistic on bitcoin now compared to a few years ago. During the year-long bear...

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BTC Has a 10x Potential, Says The Motley Fool and Plans to Buy Bitcoin Worth $5M

The private financial and investing advice company The Motley Fool has announced plans to allocate $5 million in Bitcoin.The Motley Fool Joins The BTC PartyThe Virginia, US-based company announced its intention to buy BTC in its Twitter account earlier. It reads that “we are buying $5 million in Bitcoin on our own balance sheet.”The Motley Fool also provided several reasons behind its decision. The firm believes that the cryptocurrency will “store value more effectively than gold over the...

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Tax Payments With Bitcoin and Ethereum Now Available in Switzerland’s Canton of Zug

Residents located in the canton of Zug, one of the 26 cantons in the European country, will be able to use Bitcoin and Ethereum to pay their cantonal taxes as of this week. This comes just months after the canton partnered with Bitcoin Suisse to enable the innovative initiative. CryptoPotato reported the partnership between the two parties in September 2020. At the time, Bitcoin Suisse, the crypto broker headquartered in the same canton, agreed to convert the BTC and ETH holdings to Swiss...

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