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Greyscale Investments CEO: “We’ve Entered the Crypto Spring”

If you’re wised up with your finance companies and businessmen then you will have heard of Grayscale Investments’ Barry Silbert. Recently, the CEO of the digital asset management firm believes that in the future, Bitcoin will replace gold as a store of value. Speaking to Bloomberg, Silbert talked about the latest price surge for Bitcoin as he states: “The younger generation, I was born after the gold standard, didn’t grow up during a period of war where you had to store your money via something like gold. For the younger generation, money is digital, and anyone can access this asset...

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Can Cryptocurrency Be Religious? Former US Senator Backs New Catholic Cryptocurrency

The former two-time Presidential Candidate and Senator from Pennsylvania, Rick Santorum has shown his support for a cryptocurrency aimed at Catholics. The crypto is called Cathio which is a stablecoin intended for payments and remittances in the ‘Catholic world’. Santorum is probably one of the last people you would expect to get involved with cryptocurrency but I guess this shows the different types of uses the crypto space has. First the finance world and now the Catholic world, it seems there is no stopping Bitcoin and the market. Religious Crypto According to the new project, the aim of Cathio is...

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Bitcoin’s Surge to $8k Could be Resulting in Bearish Pattern?

Earlier this week, Bitcoin was able to find a level of resistance when it finally made waves past the $8k mark once again. This is a big indicator that the Bitcoin bulls aren’t yet ready to hide away leaving many investors asking whether this means further gains are on the cards? We can’t give you a sure answer on this (no one can!) but it does look likely. Some analysts are eager to highlight that Bitcoin does appear to be forming a notorious ‘head & shoulders’ formation that might favour the crypto bears. Bitcoin Hits $8k Once More Over a...

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Sally Ho's Technical Analysis 14 June 2019

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair fell to the 8192.11 area after trading as high as the 8329.99 area late in yesterday’s North American session.  Yesterday’s high print was the pair’s strongest showing since 3 June and was just below the 8338.78 area, a level we have focused on for a long time that represents the 76.4% retracement of the move from 9948.12 to 3128.89.  Stops were again elected above the 8184.48 area during yesterday’s European session, representing the 200-day MA (4-hourly).BTC/USD’s renewed resurgence above the 8,000 area again has traders speculating there may...

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How Low Could Litecoin (LTC) Fall After The Upcoming Halvening?

Litecoin (LTC) continues to rally hard and is now close to testing the 38.2% fib retracement level from its all-time high. This might very well be the end of the rally as LTC/USD has a history of topping out before halvening. During the previous Litecoin (LTC) halvening, the price topped out 35 days before the halvening. It continued to decline before, during and after the halvening which speaks volumes about the immediate effect of halvening on the price of an asset. The price then entered a consolidation phase more than a year before it eventually began a new bullish cycle....

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