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BTC And LTC Find Balance, XLM And MIOTA Struggling To Maintain

After a very unsteady week, the markets really are struggling to level out the playing field. As it stands, everything is a little shaken up. After earthquake of a crash that started at the start of the week, we expect a number of aftershocks to continue to put pressure on a number of altcoins and Bitcoin too. Therefore, today’s outlook no doubt resonates what we will see throughout the rest of this week and the weekend too. Don’t worry too much, the markets will recover from this, but at the moment I guess it is pretty hard to be optimistic....

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How Bitcoin Mining Could Become An Activity For The Crypto Bourgeois

Bitcoin mining was once an activity for techies. An activity that made the most of powerful computing rigs in order to mine and develop a currency which could be used to hide away from the ruling class. An activity for a working class hero. Now though, much like cryptocurrencies themselves, mining has become somewhat of a capitalist ideology. It’s a multi-million dollar business, one that promises to make the rich, richer. As you know, cryptocurrency mining is very harmful to the environment. Bitcoin mining alone  can use as much energy as 31 households would in a day, just to power...

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Bitcoin (BTC) Downtrend Resistance Turns Into Strong Support Amid Bullish Comeback

Bitcoin (BTC) has been in a constant downtrend for the last few weeks. The price crashed especially hard during the last few days. The price did break below $6,000, but contrary to expectations, the price found support at what was previously a downtrend resistance as can be seen on the BTC/USD daily chart above. The fall slowed down after Bitcoin (BTC) breached $6,000 but Bitcoin (BTC) was still expected to test the $5,800 support, which it didn’t. The reason for that is that Bitcoin (BTC) found another support before the historical $5,800 support which also served as a support before...

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Predicting When A Bitcoin ETF Will Be Approved

Bitcoin ETF, it’s been the word(s) of the day throughout the whole of July and August, there’s a good reason for that too. Within Bitcoin ETF decision making, the United States Securities and Exchange Commission (SEC) the authority making the decisions, have an awful lot of power with regards the value of Bitcoin and subsequently, the rest of the markets too. In essence, when an ETF application is refused, prices fall (as we have seen very recently with the denial of the Gemini/Winklevoss twins ETF). Likewise, when a decision is set to be made, but is delayed, the markets crash...

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90% Of Altcoins Will Be Wiped Out, Making Bitcoin More Affordable According To One Expert

Ted Rogers, the President of Xapo has recently spoken out about the looming crypto ‘recession’ that he believes is enough to totally wipe out 90% of the markets altcoins, making way for new low Bitcoin prices that in turn, will reap huge rewards for investors. According to Coinspeaker: “Rogers recently said that 90% of the digital currencies in the cryptocurrency market are poised to get wiped out while predicting an impending recession to take place in the altcoin space. Rogers says that this lapse will give crypto enthusiasts a huge opportunity to buy Bitcoins at a discounted rate.” If 90%...

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