Bitcoin 

Bitcoin Price Posts Strong Weekly, Monthly Closes — Traders Eye $11.9K

Crypto traders fully understand that there is never a boring day in the sector and the month of November started with a handful of tantalizing news stories. On Nov. 4, Bloomberg reported that two university researchers concluded that the entire 2017 Bitcoin rally to $20,000 was driven by one solitary whale.  The next day the Stellar Development Foundation announced that it had destroyed 55 billion ($4.7 billion) (XLM) tokens in a move designed to make the ecosystem more efficient.  On Nov.3 Huobi Global also announced that it would freeze the…

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Bitcoin 

Bitcoin Price Turns Boring Again as Traders Consider Chances of $8.5K

Bitcoin price (BTC) continued its rangebound trading on Oct. 22 after failing to crack resistance at $8,300. Cryptocurrency market daily overview. Source: Coin360 Bitcoin shows little sign of major shift Data from Coin360 showed broadly sideways activity for BTC/USD on Tuesday, with 24-hour figures between $8,160 and $8,290. After two attempts to grind higher, the pair saw rejection at $8,300, in line with projections from analysts who previously identified heavy resistance close to $8,500.  Bitcoin seven-day price chart. Source: Coin360 Bitcoin has remained quiet since the start of the weekend,…

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Bitcoin 

2 Key Indicators Show Traders are Accumulating Bitcoin Under $10K

Bitcoin (BTC) finished a volatile week at $8,282 which is a 5% increase for the week but still 6% away from the highs of over $8,800. This morning, Bitcoin took another knock at opening, trading slightly lower alongside the rest of the cryptocurrency market and traditional markets. XRP has thus far bucked the trend and is up 3% at the time of writing. With Bitcoin’s move out of the consolidation being hammered back last week, we will take a look at what may have been behind the rejection and what is…

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Bitcoin 

Crypto Traders Hope for Relief Rally

Subsequent to the recovery of the Bitcoin price (BTC) movement from $7,700 to around $8,200 in the past 24 hours, technical analysts anticipate Bitcoin and other major crypto assets to recover in the short term. Speaking to Cointelegraph, crypto trader Nick Cote said that there are plenty of times when the price history was at $7,600, which is likely to hold as a level of strong support for traders in the upcoming days. Technical analysts remain divided on the Bitcoin price trend and the rest of the crypto market, but…

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Bitcoin 

Why 95% of Traders Lose Money and Fail

Almost all traders are aware of the widely publicized statistic that “95% of traders lose money.” When you drill deeper, research implies that this number is likely higher. The profession chews up and spits out aspiring traders at an astounding rate.  So why are so many intelligent people drawn to a profession with incredibly high odds of failure? 6 striking stats showing traders have it rough  There are the obvious reasons — the appeal of working for yourself, sitting in your underwear on your couch all day making millions. There’s…

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Bitcoin 

Bitcoin Price Flatlines at $10K as Traders Brace for Expected Volatility

Bitcoin (BTC) price held above $10,000 for a third day on Aug. 28 as a fresh period of sideways trading endured through the week.  Market visualization. Source: Coin360 Eerie calm descends over Bitcoin markets Data from Coin360 painted a fairly unremarkable picture of Bitcoin markets on Wednesday, the largest cryptocurrency trading in a narrow corridor between $10,050 and $10,250. BTC/USD has stayed above the $10,000 mark since Monday, repeatedly testing but failing to break support for five figures.  Bitcoin 7-day price chart. Source: Coin360 Looking ahead, Friday’s Bitcoin futures settlement…

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Cryptocurrency 

US-Based Traders Can Still Access Bitfinex Services

United States-based traders can still purportedly access Bitfinex’s cryptocurrency trading services, despite recent claims that the firm is not active in the state. An anonymous source told blockchain and crypto news agency The Block that they were able to access Bitfinex from within the borders of the state of New York, according to a July 26 report.  Per The Block, the unnamed trader created an account with the tongue-in-cheek username “ImaNYresident”, and subsequently gained access to the platform by simply selecting a query stating that they are not a U.S.…

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Ethereum 

Why Traders Believe Altcoins Are Overpriced

The cryptocurrency community is no stranger to accusations of crypto being a bubble. As far back as 2014, media pundits were referring to the bursting of the Bitcoin (BTC) bubble, with a Financial Times article from September of that year even containing the ill-fated prediction, “We’re going to stick our neck out at this stage and call this the end of Bitcoin.” Well, Bitcoin certainly didn’t end in 2014, but this hasn’t stopped other experts and commentators from throwing the word “bubble” around with gleeful abandon in the half-decade since…

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Bitcoin 

Binance to Stop Serving US Traders Following Announcement of US-Dedicated Platform

Major crypto exchange Binance announced today, June 14, that it has updated its terms of use, which notably includes a restriction of services to United States-based individual and corporate traders. The restriction follows yesterday’s news that the company is launching a separate, fully regulated fiat-to-crypto platform for the U.S. market. Today’s announcement provides a timeline for the new terms to come into effect, specifying that: “After 90 days, effective on 2019/09/12 [12th September 2019], users who are not in accordance with Binance’s Terms of Use will continue to have access…

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