bitcoin Bitcoin Analysis Bitcoin Price News Crypto 

Bitcoin Price Skyrockets to 2nd-Best Quarter in 5 Years; Record High Next?

By CCN: Bitcoin price is on track to having its second-best quarter since 2014 with a 92 percent gain within two months if it remains above $8,000 by the end of June. Since April 1, in about a month and a half, the bitcoin price has increased from $4,100 to $8,000, by nearly two-fold against the U.S. dollar. $BTC current quarter ranks as the 2nd highest quarterly gain since 2014 and the 7th highest quarterly gain all-time pic.twitter.com/bNTohKJREw — Josh Olszewicz (@CarpeNoctom) May 19, 2019 At its lowest point in…

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bitcoin Bitcoin Analysis Crypto Op-ed Opinion 

Sneak Peek! 2024 is Absolutely the Year Bitcoin Becomes Mainstream

By CCN: Bitcoin may be a decade old, but we’re still in the early stages. In fact, we’re so early that a Medium article revealed that we’re in the year 1994 if you compare crypto’s trajectory to that of the internet in the early 1990s. Nevertheless, mass adoption is coming at a rapid rate and our research shows that we are half a decade away from that dream. In this article, we explain why 2024 is the year that cryptocurrencies become mainstream. The Number of Bitcoin Users Will Definitely Explode…

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bitcoin Bitcoin Analysis Bitcoin Price News Crypto Lightning Network 

Lightning Network Is Driving Bitcoin’s Resurgence

By CCN: Bitcoin must have been struck by lightning – the Lightning Network. That’s what some crypto observers are saying is behind bitcoin’s price surge. As part of its blockchain Week coverage, CNBC has hosted a series of crypto players to analyze what’s going on in the suddenly-roaring industry. Bob Iaccino, the chief market strategist at Path Trading Partners, joined the discussion on Wednesday to explain what’s behind the bitcoin price doubling so far this year. Bitcoin Price Rally Spurred by Lightning Network: Futures Trader CNBC reporter Seema Mody said…

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Bitcoin Price Smashes Through $8,100 in Minutes, Analysts Eye $10K

By CCN: The bitcoin price has increased from $6,863 to $8,167 by more than 19% in the past 48 hours. As bitcoin achieved a new 2019 high and recovered to July 2018 levels, analysts pointed toward $10,000 as the next likely target. The abrupt price movement of bitcoin from around $7,000 to more than $8,000 follows the caution of a relatively large number of technical analysts regarding the demonstration of oversold conditions by bitcoin’s technical indicators. The bitcoin price is up more than 14% against the U.S. dollar in the…

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bitcoin Bitcoin Analysis Bitcoin Price News Crypto U.S. Market News 

Bitcoin Price Rages Near $7,500

By CCN: U.S. President Donald Trump announced a trade war with China Friday, hiking tariffs on $200 billion worth of Chinese exports from 10% to 25%. On the same day, the bitcoin price extended its uptrend after jumping above $6,000. The two events did not share anything except a date. But, according to Ed van der Walt, they probably had an interesting connection. The Bloomberg reporter theorized that investors were using bitcoin as “trade-war play,” stating that President Trump’s decision to increase tariffs on Chinese imported goods could create geographic…

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bitcoin Bitcoin Analysis Bitcoin Price News Crypto 

Bitcoin Price Smashes Through $7,500 With Spectacular Return of Bull Market

By CCN: The crypto market has made a spectacular return as it added $28 billion in the past 48 hours. The bitcoin price surged past $7,400 and hit a new 2019 high, marking the start of a new bull market. In many major markets, the volume of bitcoin has returned to the late 2017 level with the “real 10” daily spot volume of bitcoin surpassing $1.9 billion. The bitcon price hit a new 2019 high after surging over $7,500 The “real 10” volume calculates the daily volume of BTC using…

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bitcoin Bitcoin Analysis Bitcoin Price News BTC/USD Crypto 

Impressive Bitcoin Price Smashes Through $6,000 as Crypto Stars Align

By CCN: The bulls are back. After a prolonged period in a sideways range, the bitcoin price has finally established a powerful uptrend. As BTC  breaks the $6,000 level, enthusiasm is returning in waves to the cryptocurrency industry. Even the Binance hack has failed to put a dampener on a buoyant BTC/USD.   Bitcoin has broken critical resistance at $6,000. | Source: CoinMarketCap Bulls Are Unstoppable As BTC/USD Clears $6,000 Hurdle Why all the enthusiasm about the bitcoin price breaking $6,000? This level has been closely watched for some time….

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bitcoin Bitcoin Analysis Bitcoin Price News Crypto 

Bitcoin Price Vulnerable Despite 2019 High; Traders Predict Plummet to $4,200

By CCN.com: In the past 24 hours, the bitcoin price spiked by nearly five percent from $5,580 to $5,880, surpassing $5,900 at the day’s peak, fueling the cryptocurrency market. The bitcoin price has increased from around $3,400 to nearly $5,900 year-to-date (source: coinmarketcap.com) The abrupt increase in the bitcoin price was supported by a noticeable increase in daily bitcoin spot volume estimated to be around $570 million as of May 7 by OnChainFX. In comparison, the daily bitcoin spot volume in early March was $270 million. Although industry executives and…

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bitcoin Bitcoin Analysis Bitcoin Price News Crypto 

Bitcoin Price Teeters on Brink of Brutal ‘Panic-Driven’ Crash

By CCN: According to prominent technical analysts including Peter Brandt and DonAlt, the bitcoin price is facing strong resistance at around $6,000 and is vulnerable to a correction in the short-term. “Just an opinion — there is a chance BTC is topping here, having met its price target at key resistance. A correction could occur before another move toward 6500, then a more significant correction,” Brandt said. Brandt’s forecast comes after the bitcoin price has surged by 10 percent within the past week against the U.S. dollar, demonstrating strong momentum….

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bitcoin Bitcoin Analysis bitcoin investment trust Bitcoin Price News Crypto 

Bitcoin ETF Setbacks Cost These Crypto Bulls a Mind-Boggling Fortune

By CCN: Bitcoin Investment Trust (GBTC), described as “the first publicly quoted securities solely invested in and deriving value from the price of bitcoin” is an investment vehicle that enables investors in the public market to purchase bitcoin in a regulated and protected environment. Why These Crypto Investors Are Buying Bitcoin at $6,179 a Pop GBTC is the closest investment vehicle to an exchange-traded fund (ETF) in the sense that it enables investors to invest in bitcoin without having to worry about storing or safekeeping the dominant cryptocurrency. Traded on…

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