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The ‘Coinbase Effect’ Turns Bearish After BAT Prices Drop Post-Listing

The ‘Coinbase Effect’ Turns Bearish After BAT Prices Drop Post-Listing

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. The 'Coinbase Effect' Turns Bearish After BAT Prices Drop Post-Listing The price of browser startup Brave's Basic Attention Token (BAT) fell by as much as 20 percent in the past 24 hours. Trading for BAT officially went live yesterday on Coinbase, the largest cryptocurrency exchange in the U.S., a move that followed the token's inclusion on Coinbase's professional platform.  Coinbase initially teased the idea of listing BAT among four other cryptocurrencies on July 13, triggering a 27 percent jump in its price at the time. BAT was able to reach a 3-month high of $0.45 just 11 days later. Yet as of press time, BAT is trading at around $0.30, representing a 23 percent decline from than yesterday's high of $0.39.   BAT/USD Daily ch
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Bitcoin Price Eyes $6.2K Amid Further Drop into Bear Territory

Bitcoin Price Eyes $6.2K Amid Further Drop into Bear Territory

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Please share if you find this article interesting. Bitcoin Price Eyes $6.2K Amid Further Drop into Bear Territory Bitcoin's (BTC) reversal of the recent uptrend in prices is gathering pace and a drop into a bearish territory below $6,200 is now a possibility, technical charts indicate. The leading cryptocurrency found acceptance below the lower edge of the rising channel yesterday, invalidating the bullish price action witnessed earlier this week. Essentially, the rally from the Oct. 31 low of $6,201 has ended at a high of $6,540 reached on Nov. 7. At press time, BTC is trading at $6,350 on Coinbase, having clocked a five-day low of $6,335 soon before press time, following a sudden $100 drop. The negative follow through to yesterday's bullish channel breakdown is an indication th...
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Coinbase Users Can Now Buy and Sell Brave’s Basic Attention Token

Coinbase Users Can Now Buy and Sell Brave’s Basic Attention Token

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Please share if you find this article interesting. Coinbase Users Can Now Buy and Sell Brave's Basic Attention Token Crypto exchange Coinbase is adding web browser Brave's Basic Attention Token (BAT) to its retail trading platform, less than a week after listing it on Coinbase Pro. The exchange announced Thursday that customers would be able to buy, sell, trade or otherwise transact with the token on coinbase.com, as well as its Android and iOS apps. Coinbase first said it was supporting the token on its professional trader platform Friday, making BAT the second ERC-20 token to be listed by the company, after 0x. That being said, not all customers can trade the token at press time. The exchange noted that "BAT will be available for customers in most jurisdictions, but will not in...
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Early Trading Shows Clear Preference In Divide Over Bitcoin Cash Fork

Early Trading Shows Clear Preference In Divide Over Bitcoin Cash Fork

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Please share if you find this article interesting. Early Trading Shows Clear Preference In Divide Over Bitcoin Cash Fork An experimental market on a major crypto exchange suggests that bitcoin cash users may favor the more established version of the software, Bitcoin ABC, ahead of an expected fork this month. Due to the technical design of the cryptocurrency, currently the fourth-largest by market capitalization, bitcoin cash users must "hard fork" the blockchain, or adopt a new software version with changes as decided by open-source developers, every six months. Things are different this time around, though, amid the emergence of a rival version of the software called Bitcoin SV. As a result, anticipation has been growing that bitcoin cash (BCH) may undergo a divisive hard fork ...
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Recovery in Doubt as Bitcoin Price Drops Out of Bullish Channel

Recovery in Doubt as Bitcoin Price Drops Out of Bullish Channel

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Please share if you find this article interesting. Recovery in Doubt as Bitcoin Price Drops Out of Bullish Channel Bitcoin is painting a less bullish picture than 24 hours ago, following a drop out of an ascending price channel. Stepping back, the leading cryptocurrency picked up a strong bid at $6,200 on Oct. 31, keeping the crucial 21-month EMA support intact. Further, it witnessed a symmetrical triangle breakout earlier this week, suggesting that bulls had come out victorious in a tug of war with the bears. The breakout had looked legitimate as the technical indicators turned increasingly bullish. In particular, the relative strength index rose to a three-month high of 59.00 yesterday, signaling strong bullish conditions. As a result, BTC was expected to remain well bid above ...
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William Shatner Defends Ethereum Creator Vitalik Buterin in Cryptic Tweets

William Shatner Defends Ethereum Creator Vitalik Buterin in Cryptic Tweets

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Please share if you find this article interesting. William Shatner Defends Ethereum Creator Vitalik Buterin in Cryptic Tweets Eighty-seven-year-old Canadian actor and producer William Shatner just made some mysterious tweets supporting ethereum creator Vitalik Buterin. Shatner, a popular figure for his role in the Star Trek TV series, first tweeted a "thumbs up" to Buterin on Wednesday, which was quick to turn into a discussion thread. In a reply to Shatner's tweet, one coder named "premine apologist" said about Buterin, "He's a literal scammer", adding that it is not possible to develop decentralized technology on ethereum. To that, Shatner went on to defend the blockchain network, saying: "Then as a coder – go develop your own blockchain technology where you can be 1000% sur
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Up $100: Bitcoin Price Indicators Grow Increasingly Bullish

Up $100: Bitcoin Price Indicators Grow Increasingly Bullish

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Please share if you find this article interesting. Up $100: Bitcoin Price Indicators Grow Increasingly Bullish Bitcoin (BTC) looks likely to inch higher toward $6,800 in the near-term, as the technical indicators have grown increasingly bullish in the last 24 hours. Notably, the 14-day relative strength index (RSI), which measures the speed and change of price movements, has jumped to 59.04 – the highest level since Sept. 4. A reading above 50 indicates that bullish forces are acting on the security. So, it seems safe to say that the leading cryptocurrency is looking most bullish in two months. At press time, BTC is changing hands at $6,510 on Coinbase, representing a $100 or 1.5 percent gain on a 24-hour basis. The current position of the RSI is indeed encouraging for the bulls
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Bitcoin Cash Price Climbs 11% to Hit 2-Month High

Bitcoin Cash Price Climbs 11% to Hit 2-Month High

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Please share if you find this article interesting. Bitcoin Cash Price Climbs 11% to Hit 2-Month High The price of bitcoin cash rose more than 11 percent on Tuesday, pushing its price to a new two-month high. Market data shows that the cryptocurrency's price has risen 30 percent since Sunday, and is currently trading at roughly $623. Bitcoin cash is the fourth-largest cryptocurrency by market capitalization, CoinMarketCap data shows. The price of BCH was trading hands at $425 before surging 32.5 percent, where it reached a then-peak of $588 on Nov. 5, clocking a 5-week high in the process when it was later confirmed, according to Coinbase exchange data. The market developments come as bitcoin cash prepares for a hard fork – or backward-incompatible code change – on November 15, th
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The Number of Bitcoin Short Positions Hits 3-Month Low

The Number of Bitcoin Short Positions Hits 3-Month Low

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Please share if you find this article interesting. The Number of Bitcoin Short Positions Hits 3-Month Low The bearish sentiment around bitcoin sank to three-month lows earlier today as short positions placed on crypto exchange Bitfinex fell to their lowest level since August 5th. At approximately 11:00 UTC, the number of short positions dropped to 21,434, which represents a 33 percent drop in the past eight days alone. During the same time, longs – or positions that are betting on an increase in bitcoin's price – also witnessed a notable increase of 10 percent, the current number of which (24,410) marks a three-week high. Indeed, the sentiment here seems to be shifting in favor of the bulls. The price of bitcoin broke bearish from a historically tight, two-week range of just $139
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US Elections Push Augur’s Total Ether Bets Over $2 Million

US Elections Push Augur’s Total Ether Bets Over $2 Million

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Please share if you find this article interesting. US Elections Push Augur's Total Ether Bets Over $2 Million U.S. elections drama may be dragging Augur out of the doldrums. The decentralized betting platform built on ethereum enjoyed a promising launch in July but then stagnated due to its clunky user experience and a general decline in the use of decentralized applications. As Tuesday's mid-term elections in the U.S. approach, however, money is pouring into the platform. The market for "Which party will control the House after 2018 U.S. Midterm Election?" has 3,517 ether or nearly $727,000 staked on it at the time of writing, according to Predictions.Global, a website allowing users to view and search for Augur markets. The market has surpassed "Will price of Ethereum exceed $5...