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Bloomberg Reports Even At Its Least Volatile Nobody Is Spending Bitcoin

Many argue (including ourselves) that when Bitcoin volatility drops, it will become far easier to spend and thus, more adoptable. Now, Bitcoin volatility is hardly down at the moment, but we can say that volatility has decreased somewhat. With cryptocurrency more popular than ever, this seems to be the perfect recipe for adoption right? A less volatile, more popular currency will be spend more? Well, according to Bloomberg, this isn’t the case: “After peaking at $411 million in September, the amount of money the largest 17 crypto merchant-processing services received in the best-known cryptocurrency has been on a steady decline,...

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Bitcoin (BTC) Finds Support At 100 EMA After A Steep Fall From $8,300

Bitcoin (BTC) fell sharply last night after rejection at a critical downtrend resistance as can be seen on the BTC/USD daily chart above. The price action appeared weak as Bitcoin (BTC) failed to hold the 200 EMA and fell right through it. However, the bearish momentum weakened as Bitcoin (BTC) bounced off the 100 EMA and found temporary support. Currently, RSI and MACD indicators for BTC/USD indicate short term oversold conditions and consolidation is likely before the next move up or down. At the time of this analysis, Bitcoin (BTC) is currently down 2.5% against USD and is currently resting...

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Falling Stock Markets Are Proof That Millennials Were Right About Bitcoin

As this is crypto news, we’ll keep the reference to the stock markets low. If you didn’t know though, this week, many stocks have fallen after large companies like Netflix, Facebook, Spotify and Twitter have announced big losses in Q2. According to Marketwatch: “Both Facebook and Netflix saw their shares fall into bear-market territory on Monday (30th June 2018), defined by a decline of at least 20% from a recent peak, and nearly 40% of the S&P 500’s technology sector is in correction territory, typically characterized as a fall of at least 10% from a recent top.  Twitter Inc, electric...

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Market Update - BTC And ETH Crashing, XRP Finding Balance

Last weeks optimism has well and truly vanished. We start August on a very negative note. The markets are down, values are falling and overall, everything is a little bit disappointing. After almost two weeks of positive movements, we finally saw, for the first time in a number of months, various cryptocurrencies moving back up towards their April highs, back on the road to recovery. This week however started off with a downwards pulse, a pulse that has continued to drag prices down. We can’t yet tell if todays standings are down to heavy correction or something more serious so...

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4 Things The Media Hasn’t Told You About Bitcoin

Popular and mainstream media is famous for misreporting, Bitcoin is sadly at the brunt a lot of this misreporting due to its inherent associations with crime and the underground. Moreover, Bitcoin is often expressed as a new and dangerous entity. We’re not accusing the mainstream media of truth bending, but what is actually happening here seems to be a lack of information. Unless you read into Bitcoin, you just assume what you hear on the news is right. Well, let’s debunk some truths: Bitcoin isn’t a new technology The blockchain that powers Bitcoin isn’t new and moreover, Bitcoin itself isn’t...

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