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Failing ICO’s Are Making Bitcoin More Dominant

Though the price of Bitcoin has fallen over the past few days, Bitcoin’s dominance has seen some growth. In fact, in just two months, the growth of Bitcoin has risen by almost 10%. Recent reports now find that some of this could be down to the sheer number of failing ICO’s that have surfaced over the coming months. With ICO’s failing, are more people turning to established coins like Bitcoin for their investments? According to CCN: “In May, the dominance index of bitcoin was at around 35 percent, during a period in which the cryptocurrency market initiated a large corrective...

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Bitcoin (BTC): The Absolute Low Prices Could Fall To Before The Next Run Up

When it comes to Bitcoin (BTC), other than the seasonal bulls and bears, there are usually two kinds of investors, permabulls and permabears. The former believe that hodling Bitcoin (BTC) is the best thing to do and will not sell even in the face of a market meltdown. The latter on the other hand believes Bitcoin (BTC) is a scam and that it is going to fall down to zero sooner or later. A rare type of investor which would also be our ideal investor would be the one who weighs every aspect of an investment in an unbiased manner....

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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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