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Market Update - BTC, ETH, XRP, BCH And EOS

This morning, the markets remain in a steady position after what was a devastating end to June. We have seen cryptocurrencies reach new 2-month lows, dipping beyond control and leaving the markets in a position of uncertainty. Today, thankfully, it does seem as if some balance has been resumed. Negativity still reigns overall but at the very least, this negativity has been met with some positive price movements. Overall, prices are low, but, not as low as they could have been. We’re not out of the woods just yet, but at least now we can be confident that July may...

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Bitcoin (BTC) Falls Back To Demand Zone, Failure To Hold Support Might Trigger Significant Sell Off

Bitcoin (BTC) is presently in a do or die situation. The price has once again plunged below $6,000 and is now trading just above the previously held $5,800 level. If the price falls below $5,800 and stays below $5,800 for the next few days, it will invalidate a bullish bias and may lead to a long term bear market. On the other hand, if Bitcoin (BTC) stays above $5,800 for the next few days and closes the monthly candle above $5,800, it would mark the beginning of the next bullish impulse. Whichever way the market moves, it is going to...

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Bitcoin Futures Trading Means Bitcoin May Never Surge Again

With the markets in such a poor condition, we quite like it when economists tell us that Bitcoin and other cryptocurrencies will shoot up soon. Today however, a report from Bitcoin.com tells us how famed Japanese economist, Yukio Noguchi has told Diamond Weekly how Bitcoin Futures could mean that Bitcoin will never surge again. Just when we really need a Bitcoin surge, it now seems quite unlikely to happen. According to Bitcoin.com: “He argues that the introduction of the futures market has driven down the price considerably. This year in January he persuasively argued that the cause of Bitcoin price...

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Bitcoin Slips Past $6,000.00, As Market Slip Takes Its Toll

This mornings markets have delivered a devastating blow to the value of a number of cryptocurrencies. Market-wide, major currencies have taken on big hits, hits that are taking us to new lows, paving the way for a disappointing entry into July. We did expect this to happen and therefore, it’s not come as much of a surprise to many investors, even so though, watching value fall out of your portfolio is never a pleasurable experience. Let’s take a look at the standings- At the time of writing, Bitcoin is valued at $5,929.35, down 3.18%. Bitcoin has finally slipped past the...

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Has Bitcoin Lost Its Way?

Sometimes it’s important to step back and look at how cryptocurrencies are changing and adapting. If you compare the journey of cryptocurrency from the very first Bitcoin to the currencies of today, you’d be right in thinking that cryptocurrency in its essence has taken on a bit of an ironic flip. This is course doesn’t have to be a bad thing, but it’s worth thinking about. When Bitcoin was produced, it aimed to be a decentralised form of currency that gave its users freedom from the financial control of governments and banks. It allowed users to control their own assets,...

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