bitcoin Bitcoin Price News Ethereum ripple 

Is Bitcoin Heading to Low $3,000? Traders Expect Short-Term Downtrend

On January 11, the crypto market experienced an intense sell-off as the Bitcoin price dropped below the $3,600 mark and major digital assets recorded drops in the range of 10 to 15 percent. Following a drop in the price of BTC from $4,036 to $3,503, traders expect the dominant cryptocurrency to fall below key support levels in the low $3,000 region, possibly below $3,300. Crypto Winter Not Over In mid-December, prior to Christmas Eve, many investors in the cryptocurrency market demonstrated renewed optimism toward a short-term trend reversal of Bitcoin…

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bitcoin Bitcoin Opinion Bitcoin Price News federal reserve 

Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price

The Federal Reserve Bank of St. Louis has released an article today about Bitcoin. In it, the bank notes that the price of Bitcoin has three potential futures: indefinite, infinite appreciation; zero; or somewhere in between. They believe it will be somewhere in between. The authors, David Andolfatto and Andrew Spewak, conclude that one of the factors dragging down the price of Bitcoin is an ever-expanding supply of alternatives. Bitcoin is an inherently speculative and volatile asset. A fixed supply doesn’t mean an ever-increasing value. Demand determines value, after all….

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bakkt bitcoin Bitcoin Analysis bitcoin etf Bitcoin Price News Jake Chervinsky 

Bitcoin to End 2018 With 80% Drop, What Investors Can Expect in 2019

Following one of its biggest bull rallies in history to $19,500, Bitcoin (BTC) is set to end 2018 with an 80 percent drop from its all-time high. As Bitcoin enters 2019 with a bear market status having suffered a steep sell-off in December, what can investors expect in the first two quarters of 2019? Several Catalysts on the Horizon For Bitcoin In the first quarter of next year, Bakkt, a cryptocurrency liquidity provider and exchange operated by the New York Stock Exchange’s parent company ICE, is set to launch a…

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bitcoin Bitcoin Price News Hugh Halford-Thompson rekt uk 

UK Investors and Businesses Still Suffering Fallout of Bitcoin Crash

Hundreds of businesses and retail investors are still counting the cost of bitcoin’s 80 percent drop from its all time high at the turn of the year. A Sky News special report has revealed that alongside investment portfolios, bitcoin’s price tank also claimed several mortgages, loans, marriages and even possibly university funds for some investors’ children in some cases. While the damage wreaked by bitcoin’s price crash on Asian and American investors is well documented, the new report provides an insight for the first time into the extent of damage suffered by…

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bitcoin Bitcoin Analysis Bitcoin Cash Bitcoin Price News Ethereum Mark Dow 

If Bitcoin Can’t Recover to $5k to $6k in Short-Term, It’s in Trouble

Mark Dow, a trader who shorted Bitcoin (BTC) from its all-time high at $19,500 to $3,500, said that the dominant cryptocurrency could be in trouble if it does not escape the $5,000 to $6,000 range in the short-term. Dow, who made headlines earlier this month for exiting his short position on Bitcoin, said that the asset has to break out of major resistance levels and the failure to do so could result in a further decline in value. Can Bitcoin Breakout of $6,000? Although some traders expressed a positive sentiment…

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bitcoin Bitcoin Price News Ethereum ripple 

Crypto Market Added $45 Billion in 10 Days, is Bitcoin Close to a Bottom?

Since December 15, within a ten-day span, the cryptocurrency market added $45 billion to its valuation as Bitcoin surpassed $4,200. Many analysts are generally positive on the short-term price trend of Bitcoin heading towards the year’s end, confident that the dominant cryptocurrency has established a bottom. Prospect of Bitcoin Currently, Bitcoin and the vast majority of cryptocurrencies are undoubtedly in a bear market. From its all-time high, the Bitcoin price is still down 79 percent and other major crypto assets such as Ethereum (ETH) and Ripple (XRP) are down around…

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Bitcoin Price News coinbase ConsenSys custody Steemit 

‘It’s Not Surprising’ the Market Is Recovering Says Coinbase President Asiff Hirji

Not the Christmas run we expected, but bitcoin has continued to rise, despite a bearish run that saw prices crash from $5,000 to an all-time low of $3,200. Asiff Hirji President of U.S. crypto exchange Coinbase said the current recovery is not surprising and the run should continue into the next year. Speaking with CNBC’s Fast Money, Hirji was of the opinion that the market could go beyond its fundamentals, saying, sometimes “things are never as good as they seem and never as bad as they seem.” Bitcoin soaring this…

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bitcoin Bitcoin Cash Bitcoin Price News Ethereum 

Bitcoin Surges 18% in 3 Days as it Nears $3,800: What’s Next For Market?

Since December 17, within less than three days, the Bitcoin price has surged from $3,181 to $3,776 against the U.S. dollar, by more than 18 percent. On cryptocurrency-to-fiat exchanges like Coinbase and Bitstamp, Bitcoin (BTC) has slightly corrected to $3,700 but the breakout of the dominant cryptocurrency above the $3,700 mark has led analysts to consider the possibility of the asset testing major resistance levels in the $3,800 to $4,200 range. Where is Bitcoin Heading to Next? On Monday, when the Bitcoin price was hovering at around $3,500, a cryptocurrency…

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Bitcoin Price News Blockchain Capital fundstrat Mike Novogratz Spencer Bogart tom lee Video 

Spencer Bogart Maintains its $50k Bullish Target for Bitcoin

Bitcoin has lost 80% of its market capitalization amidst a market-wide crash this year. But Spencer Bogart believes the digital currency can still correct up to 1328% from its current value. The Blockchain Capital partner told CNBC that he expects bitcoin to touch $50,000 in the future, similar to what he predicted during the digital currency’s famous bull run in 2017. However, this time, Bogart shied away from giving any timeline for his projection. “At Blockchain Capital, we are long-term venture investors, so we are never doing short-term price targets,”…

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Bitcoin Price News Bloomberg dotcom bubble Matt Winkler Warren Buffett 

“Investors Carried Out Mental Gymnastics to Justify Bitcoin Prices”

“Bitcoin is a really good example of how everybody tried so hard to justify what it was doing,” said Matthew Winkler. Bloomberg co-founder and former Editor-in-Chief, Matt Winkler has likened speculation-driven bitcoin price movements to the dotcom boom of the mid to late 1990s, comparing the excuses given by investors for irrational market optimism at that time to the reasons given by modern day cryptocurrency speculators. Speaking to Emily Chang on Bloomberg Technology, Winkler explained that cryptocurrency investors have attempted to use non-traditional methods to ascertain and justify optimistic valuations for digital…

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