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Why International Bitcoin Adoption Is Looking Good

  Listen Here - https://soundcloud.com/cryptodaily/why-international-bitcoin-adoption-is-looking-good We have seen some drastic movements in the markets this week, with many people looking towards the United States SEC, who are currently sat on a large number of Bitcoin ETF decisions. The markets are very sensitive to decisions that are made within the SEC, we only need to look back to earlier this year when the SEC rejected a large Bitcoin ETF application made by the Winklevoss twins. To recap: According to Fox Business, the SEC have commented on their decision to reject the Winklevoss ETF: “Finding that BZX has not demonstrated that bitcoin...

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Strong Correlation Between Bitcoin (BTC) And The S&P 500

Bitcoin (BTC) and the S&P 500 have been known to exhibit strong correlation in the past. However, this correlation is even more pronounced at critical points. For instance, when the S&P 500 started to rally back in late 2016, BTC/USD started to rally in early 2017. Similarly, when Bitcoin (BTC) topped out in late 2017, the S&P 500 topped out as well. Unlike BTC/USD, the SPX500 did not go through a very long correction. However, the correction was as intense in terms of magnitude. Both the S&P 500 and Bitcoin (BTC) are now at a long term trend line and...

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How Bitcoin Could Prevent A Recession

As reported by CCN, in a recent blog post called ‘Trump Is Right, the Fed Is Crazy,’ Ron Paul - the father of the current United States Senator Rand Paul - has blasted the federal reserve for manipulating interest rates. The now-retired US Congressman and ex Bitcoin sceptic, Ron Paul called for a tax exemption on all digital currencies saying that the move could prevent an economic recession. Paul wrote in the blog post: “It is likely that the next Fed-created recession will come sooner rather than later. This could be the major catastrophe that leads to the end of...

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What's Next For Bitcoin?

Over the past day, the crypto market has been reasonably positive. With trade and small gains are being seen across the board this morning. Since this time yesterday, the whole market has jumped by 0.3% which then led it to be $203 billion according to CoinMarketCap. What might come as a surprise was that Bitcoin was the only coin which failed to jump a bit higher. The leading digital currency failed to follow the herd (and on its birthday too!) so it ended up being a slight drag on proceedings. This leaves us with the question of, what’s next for...

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How Bitcoin Could Become Mainstream In The Next Ten Years

Today marks the tenth anniversary of Bitcoin. One whole decade of Bitcoin and cryptocurrencies. The day when Satoshi Nakamoto released the whitepaper for the number one cryptocurrency in the world. If you’re new to the industry and take a look at Bitcoin at the end of last year to what it is now, you might ask ‘what happened’? Nevertheless, while the leading digital currency has been jumping throughout the $6,200 - $6,800 range for several months now this doesn’t necessarily mean the end of the world. For many investors, the market speculation is dropping and leaving behind a market which...

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