Bitcoin struggled through worrisome weekend trading, continuing its slow and gradual descent from yearly highs, but finding support around $9,500. For one brief moment, bears mounted a solid attack that drove BTC prices down to $9,110, but buyers quickly stepped in to boost it back to its current level of support. If you do the…
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Ray Dalio, an American billionaire investor, hedge fund manager, and philanthropist, has recently stated that financial markets are going through what he calls a “paradigm shift”. He is also head of the world’s large hedge fund, Bridgewater Associates, and often has a unique perspective on the market, based on years of experience. In other words,…
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All tsunamis, unfortunately, are a series of waves, not a single destructive wave that wreaks havoc and then quietly subsides. The same might be said metaphorically about the recent establishment attack over the past two weeks against Facebook and its Project Libra. A second wave is due, and it appears that Steven Mnuchin, the U.S.…
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Bitcoin just broke through $10,000, the third time this month, but it soon dipped below this psychological 5-digit barrier, which has turned formidable of late. As we noted in a previous article, the world’s favorite digital currency appears to be in consolidation mode, curiously forming its fifth stair step, since launching from $3,122 in late…
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With a fleet of 195 aircrafts servicing over 500 routes, Norwegian Air is one of the giants in the air travel industry in Europe, and now the company will allow its passengers to buy their tickets with none other but Bitcoin. However, the air travel giant is not stopping here - according to Yahoo Finance…
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The CEO of Grayscale Investments, Barry Silbert, is smiling broadly these days over the future prospects of his firm. Recent research by Grayscale, the world’s largest digital currency asset manager with more than $2.6 billion across 10 products under its management, demonstrates that a significant portion of some $68 trillion of wealth in the U.S.…
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At times, Bitcoin can be quite boring, if and when volatility drops and price points move about a significant psychological level for a few weeks at a time. This situation seems to be the case at the moment, but analysts are trying awfully hard to read more into short-term charts to determine the next possible…
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The highly anticipated launch of the Bakkt Bitcoin futures trading platform took a major step forward, on schedule no less, by announcing acceptance testing for its growing list of international paticipants. What was the reaction of Bitcoin prices? They dropped five percent… ? Perhaps, it was a “sell-on-the-news” type of market reaction or possibly something…
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Are they done yet? After weeks of hearing every crypto skeptic in town and then some express their unsolicited opinion of Facebook (FB), Project Libra, and, by association, all things crypto, it is time to let the dust settle, take a breather, and assess what valid criticisms lie buried beneath the carnage on the battlefield.…
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Last week may go down in history as a major turning point for Bitcoin. Attacks were coming from every quarter, as government ministers took aim at Project Libra, Facebook, and by association, Bitcoin and its altcoin brethren. Two weeks back, BTC had risen above $13,000, but Jerome Powell, the chair of the Fed, spoke negatively…
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