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Bitcoin (BTC) May Not Fall Below $6,000 Ever Again

Bitcoin (BTC) is down more than 70% from its all time high but many still anticipate further downside. If you think about it, this is no different than when Bitcoin (BTC) was at $19,000 and many still expected a bull run to the moon. It is easier to be criticized and called out when you are overly bullish in a bull market but people do not find being overly bearish in a nearly complete short term bearish phase as equally implausible. This comes down to the difference between euphoria and fear. While markets may take time to build up and...

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Midweek Market Review – Crypto Daily

It’s Wednesday, therefore it’s the middle of the week, right? How have things been looking thus far? It’s been yet another turbulent week with regards to the cryptocurrency markets however in comparison to the previous few weeks, things do seem to be looking like they are beginning to level out. As it stands here’s the data for the top 5 currencies at the time of writing, please bear in mind that this could of course change in an instant. *data from coinmarketcap.com Ethereum looks to be racing ahead in terms of gradient, with Bitcoin Cash not so far behind, overall...

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Barhydt Believes Japanese Government Benefited Bitcoin Boom

What an awful lot of alliteration there. Bill Barhydt, CEO of Abra has told angel investor, Jason Calacanis why he believes the 2017 Bitcoin and cryptocurrency boom took place in a recent interview for Calacanis’ website, ‘This Week in Start-ups’. Catch the interview for yourself, here- http://thisweekinstartups.com/bill-barhydt-abra/ He believes that the intervention of the Japanese government in approving blockchain technology was enough to see the cryptocurrency economy stretch beyond unimaginable limits. Through their approval, Barhydt believes that investors and potential investors where assured that both cryptocurrency was safe, and that cryptocurrency was legal and thus took their approval as permission...

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CME Bitcoin Futures Trading Volumes Sky Rocket

Towards the end of last year, CME Group, the operator of the world’s largest futures exchange, launched its Bitcoin futures product. Unlike the year so far, last year told a different story for cryptocurrencies and the market absolutely surged in value. Tim McCourt, the managing director and global head of equity products and alternative investments, spoke how their Bitcoin futures product had actually become incredibly popular, saying; “It [trading volume] is steadily increasing each month.” According to figures issued by the company, back in December, the average daily trading volume was about 1,600 contracts, but in just three months, this...

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Bitcoin Price Could Plummet In A Week

Tax Day in the USA is almost like a national holiday for the Internal Revenue Service (IRS). Imagine your birthday, Christmas and Easter all at once. Tax Day, dictates a deadline for self-assessed tax payments to be made by, to the IRS. This year, it falls on the 17th of April. At the moment, cryptocurrency markets are still looking bleak, Bitcoin specifically stands at $6736.68, down 1.87% at the time of writing this piece. Therefore, heading in to Tax Day, things really aren’t looking that promising. As we know the IRS are clamping down on the taxation of cryptocurrency assets...

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