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Final Bitcoin Miner Shakeout Points to an Epic Rally
Bitcoin just completed a repeating pattern signaling the third, and potentially final miner capitulation event, that in during past cycles...
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Bitcoin Mining Hardware Maker Reports $148M Net Loss in 2019
Nasdaq-listed Bitcoin mining equipment manufacturer, Canaan, reported a net loss of $148 million for 2019, according to the latest financial...
An Indicator That Called Every Bitcoin Top With 86% Accuracy: Big Drop is Imminent
Crypto analysts draw chart patterns, utilize technical analysis indicators, and much more to try and predict future price movements in...
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Bitcoin Bottomed at $3,800, Price Poised to Rally 25%
Over the past few weeks, Bitcoin traders have been divided over whether or not the crypto market has bottomed. Interestingly,...
Bitcoin Price Suddenly Drops Below $7K, Crypto Market Under $200B
Bitcoin (BTC) price dropped nearly $200 in minutes on April 10 to slide below $7,000 for the first time in...
7 Crypto Firms Targeted by 11 Lawsuits in New York
Seven crypto companies have been targeted by 11 lawsuits that were filed in a New York federal court on April...
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Bitcoin’s Booming Demand to Be a Boon, Even after 100% Rally: Here’s How
In the wake of “Black Thursday,” it seemed clear to some that Bitcoin was dead: hundreds of millions of dollars worth of BitMEX positions were liquidated, the crypto’s market liquidity dried up (accentuated by the 50% drop in a day), and Crypto Twitter briefly became...
Chinese Gov’t Seeks Feedback on Data Security Standards for Blockchain, IT
China’s Ministry of Industry and Information Technology has called for feedback on draft guidance for standardizing data security in blockchain and other emerging technologies.In a document published on April 10, the ministry argued that data has become a “national basic strategic resource” and innovative element...
New York Power Plant Sells Bitcoin Hashpower to Institutional Investors
A Bitcoin-mining power plant in upstate New York has sold 106 petahash of its computing power to an undisclosed buyer using a “hashpower contract” settled in Bitcoin (BTC).The contract — brokered by BitOoda Digital — first launched in January with the aim of providing institutional...
The Pandemic Couldn’t Have Provided a Better Environment for Crypto
The Fed opening the floodgates to unlimited standing quantitative easing paired with a $6 trillion stimulus package is an unprecedented event. It’s the most heavy-handed intervention by the Fed to date. For many crypto proponents, it is a rallying cry amid an interventionist monetary policy...
Can This Double Bottom Spark Bitcoin Rally Above $7,500?
Bitcoin is still struggling to clear the $7,400 and $7,500 resistances against the US Dollar. BTC price must stay above $7,080 to rally above $7,500. If not, it could decline heavily below $7,000.Bitcoin is trading in a contracting range below the $7,400 resistance against the...
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