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Bloomberg Analyst, Mike McGlone: “Bitcoin’s volatility has never been so low”

Over the past few weeks, we have seen the number of active bitcoin addresses slowly increase.  At the same time, we have seen the infamous volatility that has always been associated with bitcoin, slowly decreasing. Over the past few weeks, we have seen the number of active bitcoin addresses slowly increase. At the same time, we have seen the infamous volatility that has always been associated with bitcoin, slowly decreasing and according to a Bloomberg report, this is thanks to the macroeconomic context that the markets are currently well deep in. According to Mike McGlone, bitcoin has reached a state...

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Could government spending in the US have caused BTC to spike? Novogratz seems to think so...

Novogratz recently said that government spending around the efforts for coronavirus could be what triggered the rally in crypto.  Taking it to Twitter, the multimillionaire said that household income in the United States could actually be up in 2020 even though employment is up 25%.  One of the biggest bitcoin advocates in the industry, Michael Novogratz has recently said that government spending around the efforts for coronavirus could be what triggered the recent rally in the crypto market.  Taking it to Twitter early this week on the 6th of May, the multimillionaire said that household income in the United States...

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New United States bill would indicate digital assets are not securities in California

According to a new update to a bill amending California's securities-law, one of the biggest economies in the United States could be providing new clarity to crypto owners.  The criteria that were cited is essentially what it says in the Howey Test. According to a new update to a bill amending California's securities-law, one of the biggest economies is in the United States and the world's technological industry could be providing new clarity to cryptocurrency owners.  The criteria that were cited is essentially what it says in the Howey Test. For those that don’t know, this is the federal metric...

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Can BTC/USD Sustain 9000? Sally Ho's Technical Analysis 7 May 2020 - BTC

Bitcoin (BTC/USD) tried to sustain recent gains early in today’s Asian session as traders detected some increasingly positive sentiment with the pair’s escalation higher to the 9399.00 level during yesterday’s European session.  Some minor Stops were elected above the 9362.24 level during the pair’s ascent, an upside price objective related to buying pressure that emerged around the 3858.00 area in March.  During the pair’s pullback during yesterday’s North American session, Stops were reached below the 9194.86 area, representing the 23.6% retracement of the recent appreciation from 8533.98 to 9339.00.  The next downside areas of technical support in this range include...

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Bitcoin Eyes Its Final Upside Move

The price of Bitcoin had been testing $9k repeatedly which made it clear that it was eventually going to break past it. I posted about this yesterday when BTC/USD was trading around $8.9k and said that it could “fly towards $10K”. It seems that we have exactly that in motion now as Bitcoin has already shot past $9.3k and might end up reaching $9.8k or slightly higher by the end of the day. From a trading standpoint, this is not a good trade. The risk is not worth the reward. Bitcoin trading activity has been on a steady decline. Meanwhile,...

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