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“# 3 reasons Bitcoin recovered by 8% overnight — Key levels to watch next ” The price of Bitcoin (BTC) recovered by more than 8% overnight on March 1 following a steep drop during the weekend. There are three reasons the price of Bitcoin recovered swiftly in the past 24 hours. They include the recovering…
“# Rakuten’s customers can now use Bitcoin for shopping ” Crypto-friendly Japanese retailer Rakuten is now enabling users of Rakuten Wallet, its crypto exchange subsidiary, to easily spend their cryptocurrency holdings in everyday transactions. According to an announcement published on Feb. 24, users are now able to load up their Rakuten Pay accounts seamlessly with their…
“# Bitcoin is at a ‘tipping point’ in international trade, Citi says ” The world’s largest cryptocurrency, Bitcoin (BTC), is at a defining moment in history, according to analysis from American investment bank Citigroup. Bitcoin is now at a “tipping point” to either become the preferred currency for international trade or face a “speculative implosion,”…
“# Here’s how the Purpose Bitcoin ETF differs from Grayscale’s GBTC Trust ” Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the…
“# Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA ” Bitcoin (BTC) price has been correcting in the past few days and traders are curious to know whether this is a minor pullback or the start of a deeper decline. The problem is that no one has a crystal ball and…
“# Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin ” Google Finance has added crypto prices to the finance.google.com domain. The section, titled “Crypto,” now appears in the “Compare Markets” category alongside conventional stock and currency markets. The section provides key pricing information for various cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC)…
“# Bitcoin sell-off over? Strong ‘buy the dip’ signal flashes for the first time in 5 months ” The price of Bitcoin (BTC) has dropped to the key $44,000-$45,000 support level on Feb. 28 for the third time in the past week. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview The BTC/USD pair briefly dipped below…
“# Professional traders need a global crypto sea, not hundreds of lakes ” Coinbase’s IPO announcement has been hailed as “a milestone for the crypto industry” by Fortune Magazine. Similar to the Netscape IPO announcement that signaled the legitimacy of the internet, Coinbase’s impending public offering signals to the public at large that cryptocurrency trading…
“# This bullish Bitcoin options strategy lets traders speculate on BTC price with less risk ” Historical data shows that it is nearly impossible to consistently predict Bitcoin’s price action and many traders that attempt this end up losing money. Now that Bitcoin trades near $50,000, the ultimate goal for most traders is to hold…
“# Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality ” Not everyone is excited about hyperbitcoinization. According to a popular copy/paste meme, Bitcoin holders are set to become a neo-aristocracy as Bitcoin becomes the dominant world currency: Only $BTC holders will be permitted to the upper echelons of society. Nocoiners will be shunned, socially…