Bitcoin's price is currently around $10,300 at the time of this writing - but not everywhere, it appears. On Kraken, Bitcoin was trading for $12,000 per coin due to an order matching glitch that the exchange has identified to be the reason for the abnormally high price of the coin. The bug was first noticed…
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The crypto financial press has been inundated with recent articles discussing Bitcoin dominance and how it might be sounding the death knell for Altcoins. An Altcoin death narrative seems a bit extreme a position to take at this juncture in the crypto evolutionary cycle, but authors are speaking in terms like “survival of the fittest”…
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Crypto enthusiasts have been waiting a year for the launch of the Bakkt exchange, the brainchild of the Intercontinental Exchange (ICE), the owner and operator of the New York Stock Exchange (NYSE). Circle September 23rd on your calendar as the official “Go Live” date, but the lead up has included required deposits and beta testing…
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We sometimes forget that miners play a critical role in the Crypto-verse and that the vagaries of their business model are very similar to that for miners in the oil industry. When the market for your selected commodity goes south, you can shut down your rig or build inventory for sale at a later date,…
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How quickly attitudes can change in the Crypto-verse? There was general euphoria and cause for celebration last week, when Bitcoin broke out of its doldrums and appeared bent on blasting through $11,000. The party, however, ended as quickly as it began, as momentum waned and the world’s favorite digital asset began “losing altitude”. This phrase…
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After more than one decade, Bitcoin continues to be the market leader according to its share of overall crypto market capitalization. Yes, dominance dropped drastically during 2017, when altcoin development projects flooded the market, but Bitcoin had clawed its way back to a 50% share by the close of 2018. It remained so until this…
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One unique characteristic of nearly all things crypto is that they are digitized in a way that yields instant online real-time data, and where there is data, there is always the potential to delve deep to find helpful “nuggets” of information. If you are smart enough and clever enough, a trader in cryptos can also…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 9, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: China’s banks tries its own form of stimulus: China’s reserve ratio will be the lowest level China…
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Recovery, then steady as she goes, or so goes another average week of Bitcoin range bound trading. The good news is that BTC did rebound from a $9,300 dip that weighed heavy on Bitcoin enthusiasts, who had begun to give up hope of even the possibility of another major rally toward an All-Time-High (ATH). Such…
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Financial news media channels were abuzz a few days back when VanEck Securities and SolidX Management surprised the world by announcing the immediate offering of a “Bitcoin-like ETF”, but only available to institutional investors that qualified as being “Sophisticated” and “Accredited” under SEC guidelines. It seems that Rule 144A of the 1933 Securities Act provided…
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