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How Bitcoin Could Benefit From Interest Rates Cuts

Central banks for some of the biggest economies across the world are getting ready to cut interest rates which is something that could very well benefit Bitcoin investors. At least that’s according to Jim Reid from Deutsche Bank. As a result of a lack of business confidence due to trading tensions across the globe, worldwide growth is slowing down, seemingly led by the tariff feud between China and the US.  Cracking Under the Pressure So even though these effects are starting to be felt across the globe, the caretakers of the most powerful economy on earth are looking at monetary...

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Did Ethereum (ETH) Just Break A Critical Support Against Bitcoin (BTC)?

Ethereum (ETH) seems to have broken a critical support against Bitcoin (BTC). This is a big development that nobody is talking about because everyone is expecting the next bull run and the next alt season. Bitcoin (BTC) dominance keeps on rising and has now surpassed 63%. This is bad news for the altcoin market because BTC/USD is not done yet and we are yet to see further downside and possibly a multi-year bear market. While Bitcoin (BTC) may survive that, most of these altcoins will have a hard time staying above water. We have been talking about a test of...

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Why Bitcoin (BTC) Remains More Bearish Than Ever Despite Recent Pumps

Professional traders are net 15% short on Bitcoin (BTC) while retail traders are insanely bullish on Bitcoin (BTC). Even some of these digital hedge funds are overly bullish on BTC/USD. So, why are they this bullish? Well, the pumps that the price has seen over the past few weeks has convinced even some of the most risk averse investors in this market to turn bullish on Bitcoin (BTC). Renowned investors, Charlie Munger and Warren Buffet have both vehemently criticized Bitcoin (BTC) so much as to call it “Rat Poison” and “Rat Poison Squared”. We might say that they do not...

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Bitcoin Flash Crash Takes Down Coinbase, While PrimeXBT Breaks Volume Record

Traders on Coinbase, Binance, Bitfinex, Deribit and other top crypto exchanges on Wednesday, June 26, 2019 were left out of luck and unable to access their accounts during a recent Bitcoin flash crash, while PrimeXBT withstood the demand and helped traders close in profit while the rest of the market scrambled.  In recent weeks, Bitcoin price has rallied over 250% and recaptured the interest of traders worldwide, who are hoping to become rich beyond their wildest dreams from profits generated while trading the emerging crypto asset during what many analysts are expecting to be a full-fledged bull market.  During its...

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Florida Pays $500k In BTC To Hackers As Ransom For Computer Hack

The second city in the US state of Florida has become victim to ransom-seeking hackers in a matter of weeks. Officials in Lake City have paid hackers $460,000 in Bitcoin to regain control of their computer system after an IT employee noticed it was down on June 10th. This resulted in emails, telephones etc. being cut off.  At the end of May, the police department of Riviera Beach, Florida noticed that their system was down thanks to a malware attack. As a result, they were forced $600k in Bitcoin to retrieve back access to frozen documents and get it back...

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