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Why Did Bitcoin Drop Today?

Earlier today, the crypto markets were seeing the first bit of momentum in a while after a period of market stability. Essentially, all the big players in the digital currencies space saw the colour red today with some seeing losses of up to 6%. Bitcoin is currently trading at $6,348 at the current time of writing with over a 2% drop over the past day. Even though it was trading sideways for the majority of last week, the leading cryptocurrency saw a significant price drop after being priced at around the $6,480 area. Earlier in the month, Bitcoin had seen...

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Decreasing Bitcoin (BTC) Volatility And Its Implications

Chart for BTC/USD (1D) Bitcoin (BTC) has been hovering around $6,400 for a long time now. Volatility has dropped significantly and the price is trading in a very tight range. The last time this happened, we saw the beginning of a new cycle. However, most Bitcoin (BTC) investors who have not been around for long refuse to believe that. So, let us analyze the implications of a decreasing Bitcoin (BTC) volatility without any bullish or bearish bias. Volatility in the cryptocurrency market is a trader’s best friend. If you are someone who likes to buy and sell on a regular...

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New Project Aims To Bring Bitcoin To Ethereum Blockchain

Digital currency custody company, BitGo and decentralised exchange startups Republic Protocol and Kyber Network have revealed the planned launch of a fully backed Bitcoin ERC20 token on the Ethereum ecosystem. Dubbed as ~Wrapped Bitcoin and aimed for Q1 net year launch, the new token will be backed by Bitcoin on a 1:1 ratio, the three founding companies revealed in a joint press release last week. The CEO and co-founder of Kyber Network, Loi Luu spoke on the matter and has said: “This initiative will be bringing together the liquidity of Bitcoin and the extensive smart contract developer ecosystem of Ethereum....

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What Will Bitcoin Be Worth In 5 Years Time?

The digital currency market is currently in a tight range and is unable to gain fast momentum. Despite this, the Bitcoin bulls have an optimistic view for the future of the coin. A famous crypto enthusiast and venture capital billionaire, Tim Draper retains his earlier forecast that the virtual asset will cost around a quarter of a million dollars by 2022. Talking at the Crypto Invest Summit in LA, Draper discussed his forecast is based on Bitcoin not being as politicised as traditional currency which is backed by a government body. At the Summit, Draper said: “So right now, there’s...

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Bitcoin (BTC) To $60,000 Or $300,000 In 2019?

Chart for BTC/USD (1W) There is no doubt whatsoever that Bitcoin (BTC) has found a bottom. The price is currently trading above $6,400 and ready to make a decisive move. Apparently, market makers are waiting to see how the stock market situation plays out before they open the floodgates.  Make no mistake; big money has been changing hands in OTC markets. If you think institutions are not involved yet, you are wrong. However, nobody wants to touch the price of Bitcoin (BTC) on exchanges at the moment. Any activity on Wall Street is highly likely to have a strong and...

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