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John McAfee Ups Bitcoin Target Price

To call John McAfee a bit of a character in the world of cryptocurrency would be the very epitome of an understatement. The British-born multi-millionaire computer programmer and software company founder has long been recognised as an eccentric in the altcoin community (and, if we’re honest, long before that) and never one to shy away from a contentious comment. In July of 2017 he predicted that Bitcoin would attain a value of $500,000 by the end of 2020. A bold assertion indeed, considering the digital currency leader was hovering around the $2,500 mark at that point. Surely nobody could expect...

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Simple Truth Of A Falling Market

After a 2017 of riding high, the cryptocurrency market is starting to face up to some harsh realities about the nature of its own stability. Indeed, the market capitalisation currently sits somewhere below 400 billion USD for the first time in a long while, leaving investors and crypto enthusiasts at a loss in regards to what to do next. It is worth remembering, however, that although the market trends seem to indicate a crash, they may well pick up and simply move in a flat line. freestar.queue.push(function () { googletag.display('cryptodailyuk_300x600_160x600_300x250_320x50_320x100_Right_2'); }); One of the main reasons that the market is...

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Why The Bitcoin Market Is So Volatile

freestar.queue.push(function () { googletag.display('cryptodailyuk_300x600_160x600_300x250_320x50_320x100_Right_2'); }); The cryptocurrency market is a notoriously volatile one, and many virtual currencies have experienced a dip in price in 2018. This includes the major ones as well, such as Bitcoin, Ethereum, Ripple and Litecoin. Perhaps the most notable is the number one cryptocurrency; Bitcoin. The digital currency has plunged by around $1,000, which is approximately 2% of its value. So, why is the price of Bitcoin as volatile as it is? One of the main reasons that they are under so much pressure is because of the new regulations that have been brought in by...

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Grayscale Adds Ripple XRP, Litecoin, Ethereum, & BCH To Its Investment Trust

Exciting news for those tempted to invest in cryptocurrencies, as Grayscale Investments – founders of the much-lauded Bitcoin Investment Trust – has recently announced that it has launched an additional four trusts, which has effectively doubled the number of products it provides that are specifically aimed at the would be crypto investor. Grayscale already had trusts in place for Bitcoin, zCash, and Ethereum Classic, as well as an investment fund for multiple altcoins (the company’s Digital Large Cap Fund). To this foundation it has now added trusts for Bitcoin Cash, Ripple, Litecoin and Ethereum. Of course, Grayscale has already had...

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Litecoin Price Action Mirroring Bitcoin, Break Out Soon?

A graph has recently been making the rounds on Twitter, Reddit, and the like showing the rise and fall in price of Litecoin. There’s nothing new in that: if you follow the right groups you can see dozens of similar graphs covering all of the major (and not so major) cryptocurrencies. freestar.queue.push(function () { googletag.display('cryptodailyuk_300x600_160x600_300x250_320x50_320x100_Right_2'); }); What is interesting, however, is the similarities between the most recent Litecoin price graph and that of another altcoin – the biggest of them all, Bitcoin. YouTube analyst Tyler S recently compared the latest price graphs for both of the digital currencies and discovered...

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