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Grayscale Gets Back Into Its Bitcoin Trust Shares

According to a recent press release posted yesterday 8th July, Grayscale Investments has continued its private placement of Grayscale Bitcoin Trust (GBTC) shares. The announcement goes onto say, the private placement of GBTC shares is offered periodically to accredited investors as highlighted in Rule 501(a) of Regulation D under the Securities Act. The report goes onto note that the GBTC shares are designed to let investors put money into Bitcoin through a traditional investment structure. The shares are intended to correlate closely in value to Bitcoin, but these shares are held in an investors name rather than the cryptocurrency itself....

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Is The Bitcoin (BTC) Top Finally In?

Bitcoin (BTC) has shot up around 15% in the last 48 hours. This is the kind of move that we expected and we discussed this many a time in our analyses this month as well as last month. We expected a rally slightly above the 61.8% fib retracement level before the price tops out and that is exactly what happened. The price is now likely to decline from where which will be considered as a healthy pullback by overly bullish retail traders but it will in fact be the beginning of a new downtrend. If we compare the current parabolic...

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Sally Ho's Technical Analysis 9 July 2019

Bitcoin Bitcoin (BTC/USD) strengthened early in today’s Asian session as the pair traded as high as the 12,356.98 area after steady buying interest commenced during yesterday’s Asian session. The pair tested the 12,367.56 area, representing the 23.6% retracement of the 7,508.77 – 13,868.44 range. Many chartists expect that level will soon be breached with the next key upside levels being around the 12,494.99 and 12,700.54 areas. The pair managed to find some technical Support around the 100-bar MA (4-hourly) during yesterday’s Asian and European sessions. BTC/USD bulls are eyeing a couple of additional upside price targets including the 12,873.12 area,...

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CD 21 Leaders Index Zooms Higher on Bitcoin and Bitcoin Gold Pops

The CryptoDaily 21 Leaders Cryptocurrency Index rallied sharply to 51.45 on Monday from 49.62 on Sunday, a 3.68% gain. The 21 Leaders Index is up 3.33% over the past 7 days and is up 8.31% over the past 30 days.  Bitcoin (BTC) appreciated 7.7% to a market capitalisation of US$ 218.75 billion. Bitcoin Gold (BTG) improved 6.1% as traders reacted to news that Bitcoin Gold can be used on the Paytomat mobile application. Cosmos (ATOM) was the biggest laggard with a 4.1% pullback. The CryptoDaily Large-Cap Cryptocurrency Index vaulted to 36.37 on Monday from 34.71 on Sunday, a 4.78% jump....

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Pro-Bitcoin Christine Lagarde Becomes New Head Of European Central Bank

You may have heard of the French lawyer, Christine Lagarde. She has been serving as managing director and chairwoman of the International Monetary Fund since 2011. Lagarde’s new venture takes her into the European Central Bank (ECB), of which she is now president of, leading many to speculate that Bitcoin and crypto legislation could be on the way. The recently nominated president has a rich history of making statements regarding cryptocurrency which investors see as being bullish. Back in April, the lawyer made comments suggesting that financial institutions and regulators are underestimating the potential influence cryptocurrencies could have within the...

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