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Bitcoin SV Sees 70% Gains Following Craig Wright’s Key Find

Looking at the cryptocurrency charts earlier today, I noticed that everything was in the green.  But one specific token that caught my eye was Bitcoin SV which is currently 70.54 per cent up. Craig Wright is telling the court today that he has received the keys to gain access to a crypto fortune called the Tulip Trust. Looking at the cryptocurrency charts earlier today, I noticed that everything was in the green. But one specific token that caught my eye was Bitcoin SV which is currently 70.54 per cent up leaving it with a price of $363 at the time...

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BTC Keeps Gaining, But What’s Next for The King Coin?

This week has seen the flagship cryptocurrency go to highs many of us have long missed. This had led many to speculate as to what is going to happen next for the leading cryptocurrency. This week has seen the flagship cryptocurrency go to highs many of us have long missed. At the time of writing, bitcoin is 2.51 per cent in the green leaving it with a value of $8,759. This had led many to speculate as to what is going to happen next for the leading cryptocurrency.  Whereas some analysts believe that the bitcoin bottom is in, others have...

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Oil Oversupply Fears Might Hurt Bitcoin’s Prospects In 2020

Bitcoin (BTC) is ready to make its next big move but it cannot do that on its own. Near term, we have seen the price rise well above $8k and it might even end up testing $9k. However, this is hardly of any consequence because the actual direction that BTC/USD will take depends on the direction of the commodities market in general and that of oil in particular. Oil oversupply fears in 2020 could seriously hinder Bitcoin’s prospects. A rise in US-Iran tensions recently sent the price of oil soaring and BTC/USD followed. However, now that those tensions have simmered...

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Is Bitcoin the Saving Grace as the US Weaponise the Dollar? 

The debate of the current situation between Iran, Iraq and the United States have risen these past two weeks. Anthony Pompliano of Morgan Creek Digital talked about this topic at length in a recent blog post.  The leading cryptocurrency hasn’t just seen a massive surge in popularity since it hit $20k but it has also been dubbed as a store-of-value since 2017. Well, bitcoin has been dubbed many things during its time over the past eleven years but this is just one its many names.  The debate of the current situation between Iran, Iraq and the United States have risen...

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15 January 2020 - ETC/ BTC – Hourly

In this Hourly chart of Ethereum Classic/ Bitcoin (ETC/ BTC), there is an appreciating range from 0.000576 to 0.000670. We can observe that the market then depreciated to the 0.000635 level (represented by the first blue up arrow), right around the 0.00063409 area that represents the 38.2% retracement of the appreciating range. We can also observe that the price was then supported for several bars around the 55-bar Simple Moving Average (identified by the second blue up arrow), and that the price then appreciated to the 0.000725 level. We can see that the price then depreciated to the 0.000660 level....

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