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Is Bitcoin Starting to Mature Despite Recent Crash?

Bitcoin is typically the talk of the town however, this week it's more than usual… Being in the spotlight for the past week or so has been primarily down to two main developments occurring in the crypto space. The first being the launch of the Bakkt platform which was highly anticipated but after all the hype, was ultimately disappointing. Secondly, Bitcoin let many people down again as it broke down from a descending triangle after months of consolidation, making calls for a bearish dump to $4k or perhaps even lower.  The well-known bitcoin bear and naysayer, Peter Schiff said: “#Bitcoin...

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Morgan Creek Capital CEO on Bitcoin: “Buy it”

The CEO of Morgan Creek Capital, Mark Yusko recently took part in an interview for CNBC with Melissa Lee who questioned him on the recent crash experienced by Bitcoin, in where it lost 15 percent of its value.  “Buy it.” According to him, Bitcoin would still a great buying opportunity even if its price dropped to lows of say $5k. The CEO and hedge fund manager explained that investors should not get distracted with daily price moves. “The daily price of Bitcoin doesn’t matter. It’s been alive for ten years. In every year (other than one – 2015), it made...

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Sally Ho's Technical Analysis 27 September 2019

Bitcoin Bitcoin (BTC/USD) experienced ongoing weakness early in today’s Asian session as the pair remained on the defensive after trading as low as the 7712.45 level during yesterday’s North American session following its recent abrupt decline below the psychologically-important 10000 figure this week.  The pair’s market bias shifted decisively when BTC/USD Bears dominantly knocked the pair lower to its weakest levels since June of this year, trading as low as the 8159.35 area, before late-week selling added more pressure.  The strength of the Bears was evident when they triggered a huge amount of Stops below key levels, including the 9009.65...

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Keyrock and Onchain Custodian Begin Partnership

Keyrock and Onchain Custodian (ONC) recently announced a partnership that aims to improve crypto adoption among institutional investors. Founded in 2017, Keyrock is a well-known liquidity provider and market maker for many of the world’s top centralised and decentralised crypto exchanges. It also works closely with token projects, funds, brokers, and regulatory bodies. Onchain Custodian, which launched a custodian service for cryptocurrencies earlier this year, uses institutional-grade security technology to keep crypto funds secure for its clients. The launch of this partnership will enable clients of both companies to enjoy preferential rates on each others’ services.  According to Keyrock CEO...

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Bitcoin Hasn’t Bottomed Out Yet...

After Bitcoin fell below $10k once more, and then ever further towards a range of $8.5k, many traders and analysts believe that we’ve yet to bottom. Despite half expecting the value of BTC to make a brief recovery to $9k, the reality is, is that bitcoin is still below such a level and is priced at $8,347.49 at the time of writing and if fluctuating between the red and green.  Some analysts like DonAlt put this fluctuation down to the recent release of the Bakkt platform. Despite all the hype, bitcoin futures just couldn’t keep up. “Thank you Bakkt for...

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