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As stagflation looms, will institutional investors still keep their eye on bitcoin?

Over the years, bitcoin has been one of those assets that you either love or hate.  Many people believe it is an uncorrelated asset or a diversification for many peoples portfolios. Over the years, bitcoin has been one of those assets that you either love or hate. Many people believe it is an uncorrelated asset or a diversification for many peoples portfolios. With the coronavirus pandemic impacting the world in every shape and form, and the sudden stop to supply chains and industries, there have been some permanent damages to the economy in many countries. The reserve bank of India...

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11316 a Big Test for BTC/USD on Pullback: Sally Ho's Technical Analysis 12 August 2020 BTC

Bitcoin (BTC/USD) continued to shy away from the psychologically-important 12000 figure early in today’s Asian session as fresh upside sentiment remained elusive following the pair’s failure around the 11943.00 area during yesterday’s Asian session.  One range that has influenced recent price activity is the recent appreciation from 11546.15 to 12086.22, and traders are observing that buying activity emerged during a recent pullback just below the 11497.71 area, representing the 38.2% retracement of the appreciating range.  Additional retracement levels in this appreciating range include the 11316.19, 11134.46, and 10909.61 areas.  Traders also remain focused on the 11395.78, 11372.38, 11350.94, and 11307.97 areas during...

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Bitcoin Begins Long Overdue Correction 

Bitcoin has finally begun the downtrend as we had earlier anticipated. This is now in line with our expectations and indicates that both cryptocurrencies and stocks could correct near-term before the next bullish advance. The reason I expect another bullish advance is because both markets have room for further upside and might not top out just yet.  In the case of the S&P 500 (SPX), we could see a move towards the previous resistance turned support. There, it could find support to rally further but it is important to realize that neither stocks nor cryptocurrencies have much room to rally...

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National advertisements campaign launched by Grayscale in order to further mainstream adoption for bitcoin

A national advertising campaign has just been launched by Grayscale in order to bring Cryptocurrency to the masses.  To start off, the advertisement started with a TV ad on CNBC, MSNBC and FOX. A national advertising campaign has just been launched by Grayscale in order to bring Cryptocurrency to the masses. To start off, the advertisement started with a TV ad on CNBC, MSNBC and FOX. Brrr, by @Grayscale https://t.co/ALOtGhex9B — Barry Silbert (@barrysilbert) August 10, 2020 Barry Silbert announced the campaign at the end of last week with the national advertisement pushing for more awareness on crypto assets such...

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“The wall street bubble”: A case for bitcoin (PART 1)

In 2008 when Satoshi went public with bitcoin and the idea of blockchain technology, the invention received very little attention. In the past decade, the financial world was daunted by this new asset class and possibly the future of digital currency. Today there are more than 6,000 cryptocurrencies, according to Coinmarketcap. Slowly, but steadily cryptocurrencies are establishing themselves in the scenes of commerce and industries. However, bitcoin and other cryptocurrencies have often received tons of criticisms from investors, individuals, governments, and other agencies. Very often, cryptocurrency has been described as a bubble waiting to burst. In the first part of...

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