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Bitcoin Cash Rallies on 38% Rise in Trading Volume

Bitcoin Cash Rallies on 38% Rise in Trading Volume

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Please share if you find this article interesting. Bitcoin Cash Rallies on 38% Rise in Trading Volume Bitcoin cash is on the rise amid rising volumes, but is still within a bearish falling-channel pattern for now, the price charts indicate. As of writing, the world's fourth-largest cryptocurrency by market capitalization is changing hands at $1,281, having appreciated by over 8 percent in the last 24 hours, as per CoinMarketCap data. With trading volumes up by 38 percent, the recovery from the Sunday's low of $1,143 looks sustainable. However, BCH is still down 22 percent from its Feb. 18 high of $1,641, and it's too early to say whether the cryptocurrency has resumed the uptrend from the Feb. 6 low of $764. Price chart analysis also indicates BCH is stuck in a bearish falling-ch...
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Bull Return? Bitcoin Eyes $11K Following Upside Break

Bull Return? Bitcoin Eyes $11K Following Upside Break

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Please share if you find this article interesting. Bull Return? Bitcoin Eyes $11K Following Upside Break As bullish indicators strengthen, bitcoin now looks set to extend gains to $11,000 or higher, chart analysis indicates. Having defended $9,300 over the weekend amid low volumes, the cryptocurrency picked up bids and rose to a high of $10,443 yesterday, according to CoinDesk's Bitcoin Price Index (BPI). The uptick was backed by a 28 percent rise in trading volumes, as per CoinMarketCap. A high volume break above key psychological resistance indicates strong hands are at play, so it's not surprising that the price is on the up. As of writing, bitcoin (BTC) is trading at $10,707, having clocked a session high of $10,714.47 earlier today. Activity in the individual markets reveals
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Litecoin Price Outperforms But Nears Key Resistance

Litecoin Price Outperforms But Nears Key Resistance

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Please share if you find this article interesting. Litecoin Price Outperforms But Nears Key Resistance Litecoin (LTC) is the biggest gainer among the top 10 cryptocurrencies Monday, even as it's inching closer to a key resistance level. As of writing, LTC is changing hands at $228, as per data source CoinMarketCap. The world's fifth largest cryptocurrency has appreciated by 6.83 percent in the last 24 hours, a feat that's notable given other crypto market leaders were hardly ticking up earlier in the day. A look at the individual markets reveals the trading volume in LTC/USDT (the litecoin-tether exchange rate) and LTC/BTC (the litecoin - bitcoin exchange rate) have increased by 12.9 percent and 11.9 percent, respectively. So, it could be said that investors are using alternative...
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Bitcoin Eyes $10K, But Longer Outlook Favors Bears

Bitcoin Eyes $10K, But Longer Outlook Favors Bears

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Please share if you find this article interesting. Bitcoin Eyes $10K, But Longer Outlook Favors Bears Bitcoin seems to have found acceptance below the psychological mark of $10,000 over the weekend, amid increasingly bearish long-term indicators. After closing below $10,000 on Feb. 22, bitcoin (BTC) hit an 11-day low of $9,304.68 yesterday, as per CoinDesk's Bitcoin Price Index (BPI). As of writing, the BPI has seen gains and is at $9,666. The cryptocurrency is down close to 20 percent from the Feb. 20 high of $11,768.58, suggesting the rally from the Feb. 6 lows below $6,000 has stalled. However, trading volumes have dropped 42 percent from the highs seen on Feb. 20, as per CoinMarketCap, indicating supply is drying up. Hence, the drop from $11,767.58 to $9,400 appears to lack s...
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Strip Clubs, Lambos and Hackers: A Tale of Two Bitcoins

Strip Clubs, Lambos and Hackers: A Tale of Two Bitcoins

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Please share if you find this article interesting. Strip Clubs, Lambos and Hackers: A Tale of Two Bitcoins When one imagines a networking event for a professional conference, the most well-known and over-the-top strip club in Miami probably isn't the venue that comes to mind. Yet that's exactly where The North American Bitcoin Conference decided to host it. "Join us at E11even for some networking and R&R. Or dancing," the description read. There was a lot of dancing. Not your nerdy friend's crypto Over the course of 2017, cryptocurrency experienced an unprecedented explosion. After years of quietly languishing below $1,000, the price of a bitcoin began to increase rapidly and public attention along with it. But it wasn't alone. At the same time, bitcoin's so-called dominance ind...
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Nano Goes Giga in Down Week for Crypto Prices

Nano Goes Giga in Down Week for Crypto Prices

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Please share if you find this article interesting. Nano Goes Giga in Down Week for Crypto Prices Having struggled to find acceptance above the $500 billion mark, the total value of all cryptocurrencies is set to end the week with moderate losses. The figure hit a low of $422 billion earlier today as bitcoin, the world's largest cryptocurrency by market capitalization, fell to an eight-day low of $9,593. However, as of writing, bitcoin is trading at $10,300, according to CoinMarketCap. Meanwhile,  the total market capitalization stands at $445 billion - still down 8.26 percent from last Friday's high of $485 billion. Furthermore, the total value has dropped 14.32 percent from the weekly high of $519.42 billion (seen on Feb. 18). Bitcoin looks set to end the week on a flat note, gi
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Bitcoin is Back Over $10K, But Rally Looks Weak

Bitcoin is Back Over $10K, But Rally Looks Weak

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Please share if you find this article interesting. Bitcoin is Back Over $10K, But Rally Looks Weak Bitcoin is witnessing a minor corrective rally today, but the bulls may have a tough time regaining control, the technical charts suggest. CoinDesk's Bitcoin Price Index (BPI) fell to $9,592.96 at 01:59 UTC - the lowest level for one week. As of writing, the BPI is seen a little higher at $10,090. It is worth noting that the global average price calculated by CoinMarketCap is holding around $200 higher, largely due to the "Kimchi premium" - that is, BTC is changing hands above $11,000 on Korean exchanges Upbit, Bithumb, and Coinone. Meanwhile, across western exchanges, the world's largest cryptocurrency by market capitalization is trading closer to $10,000. The cryptocurrency has de
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Bitcoin Fees Are Down Big: Why It’s Happening and What It Means

Bitcoin Fees Are Down Big: Why It’s Happening and What It Means

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Please share if you find this article interesting. Bitcoin Fees Are Down Big: Why It's Happening and What It Means $26 down to $3. The average cost of sending a bitcoin transaction is cheaper than it's been in a year and a half, showing the price isn't the cryptocurrency's only unpredictable metric these days. But with all the debate about growing fees, this might come as a surprise. After all, it wasn't so long ago that fees were so high a group of prominent investors and miners created a whole new version of bitcoin mostly to keep fees lower. Backing up a bit, much of the conflict centered on the fact that while called "fees," these expenses are best considered as transaction costs that are necessary to the network, as necessary as paying for someone to deliver a protocol servi...
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Bitcoin Rally Stalls But Bull Revival Isn’t Yet Ruled Out

Bitcoin Rally Stalls But Bull Revival Isn’t Yet Ruled Out

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Please share if you find this article interesting. Bitcoin Rally Stalls But Bull Revival Isn't Yet Ruled Out Bitcoin's failure to find acceptance above the $11,000 mark this week has neutralized the immediate bullish outlook. However, the rally from Feb. 6 lows could resume if prices break above $11,250, the technical charts indicate. As of writing, CoinDesk's Bitcoin Price Index (BPI) is seen at $10,345 - down 6 percent in the last 24 hours. The BPI closed (as per UTC) above $11,000 on Feb. 17, but has since struggled to maintain the bullish momentum. So, it appears the rally from the Feb. 6 low of $5,947 has run out of steam. Further, the BPI chart also shows a bearish reversal pattern. BPI chart The price action of the last two days confirms a bearish doji reversal. Bitcoin ...
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Building a Base? Crypto Market Hovers Around $500 billion

Building a Base? Crypto Market Hovers Around $500 billion

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Please share if you find this article interesting. Building a Base? Crypto Market Hovers Around $500 billion With bitcoin above $11,000, the market capitalization of all cryptocurrencies is gyrating around the $500 billion mark - and possibly building a base for a step higher. As of writing, the total value of all cryptocurrencies around $480 billion, according to CoinMarketCap. The figure has risen by 43.20 percent from the Feb. 6 low of $276 billion. However, over the last three days, the wider crypto market has consolidated in the range of $475 billion to $520 billion. In the last 24 hours, the total value has dropped by $32 billion as the top 10 cryptocurrencies by market cap suffered losses. However, bitcoin, the world's largest cryptocurrency looks set to rally soon, thus...