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CD Large-Cap Index Weaker Despite Bitcoin’s Push to 13,000

The CryptoDaily 21 Leaders Cryptocurrency Index closed lower at 50.62 on Tuesday from 51.45 on Monday, a 1.61% decline. The 21 Leaders Index is up 0.77% over the past 7 days and is up 11.20% over the past 30 days.  Chainlink (LINK) declined 5.7% to a market capitalisation of US$ 1.09 billion as traders continue to await a possible announcement of a relationship with Microsoft. Zcash (ZEC) depreciated 5.1% while Bitcoin Gold (BTG) led the advancers with a +4.7% gain. The CryptoDaily Large-Cap Cryptocurrency Index slumped to 36.09 on Tuesday from 36.37 on Monday, a 0.77% fall. The Large-Cap Index...

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Sally Ho's Technical Analysis 10 July 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains early in today’s Asian session with the pair trading as high as the 12,680.00 level following some buying activity that was reignited during yesterday’s European session around the 12,105.32 area. Demand intensified late in yesterday’s Asian session heading into yesterday’s European session and the pair traded as high as the 12,829.96 area, just below a retracement area that represents the 76.4% retracement of the recent move from 13,868.44 to 9,651.00. The next relevant level related to that range below current market activity is the 12,257.38 area. Early in today’s Asian session, the pair was...

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Bitcoin Indicator Suggests A Surge Is Around The Corner

The recent rally by Bitcoin could be a bullish sign for the future.  At the time of writing, the flagship cryptocurrency is now trading above its upper Vera band limit according to a new analysis from Bloomberg. The indicator shows upward and downward trends as well as suggesting that a breakout could be on the table for the near future. That being said, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe! The Bloomberg report: “Bitcoin’s followed a...

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IRS Cracking Down On Bitcoin Taxes

The IRS is going into full stalker mode as it plans to issue subpoenas, search through social media posts as well as interviewing families to ensure that people are paying taxes on their Bitcoin. Some of the top companies in the world will be subject to some of these investigations such as Google, Microsoft and Apple. In a slideshow presentation with more than 180 slides, the IRS’ cyber crimes program manager, James Daniel explained the usage, ecosystem and technology behind some of the biggest cryptocurrencies such as Bitcoin, XRP and Ethereum. Special agents for the IRS have been advised to...

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Litecoin (LTC) Price Action Hints At Further Downside For Bitcoin (BTC)

Bitcoin (BTC) started the day in green and kept on surging while Litecoin (LTC) continued to decline. This is because LTC/USD closed below the 21 Day EMA yesterday which was a bearish close that was indicative of further downside in the near future. Litecoin (LTC) started the day in red and has continued to decline. It might find temporary support on the 50 Day EMA but sooner or later we expect it to break below the descending triangle to begin its downtrend. This might lead to the price falling to new lows for the year eventually but before that happens,...

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