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With our unique list of cryptocurrency exchanges and wallets, stay up to date on all price movements in the industry. Already hold cryptocurrency? Take advantage of the My Crypto Portfolio section and track your cryptocurrency holdings.
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Bloomberg report providing crypto outlook for June says that it expects Tether to pass Ether as the #2 cryptocurrency on the strength of the dollar.The report notes that Tether's market capitalization growth is one of the main drivers for the appreciation of Bitcoin.According to the report: "Interest in digital links to the dollar represents the need to transact and store …
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Though Bitcoin remains below crucial resistance zones of $10,500 and $14,000, one longtime proponent believes the leading cryptocurrency could soar to $300,000 within the next five years.Blockstream CEO Adam Back explained his reasoning, citing the excessive printing of money and the plethora of investors that could play into Bitcoin's favor.PlanB, a pseudonymous quantitative analyst, agreed with Back's assessment, pointing out …
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For the third time in the past year, Bitcoin saw a strong rejection at the $10,500 price point earlier this week. Per a previous report from Bitcoinist published Monday, the leading cryptocurrency tanked by $1,500 in literally three minutes on BitMEX. At its worse, the reversal meant that Bitcoin was down to $8,600 from the $10,450 highs, which resulted in over …
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Ethereum is trading in a tight range above the $240 support against the US Dollar. ETH price likely to accelerate higher above the $245 and $250 resistance levels in the near term. Ethereum is trading above a major support and pivot area at $240. The price is likely to surge if it clears the $245 resistance and the $250 barrier. …
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Bitcoin could attract higher demand from hedge funds as government bonds return poor yields. Portfolios with 60 percent exposure in the stock market and the rest 40 percent in the sovereign notes would diversify into Bitcoin/Gold, according to Dan Tapeiro, the founder of Dtap Capital. More than 90 percent of government bonds trade at yields below 1 percent. Bitcoin and …
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Bitcoin breaks below $9,500, a crucial support level, a day after breaching it to the upside. The cryptocurrency pared its intraday gains ahead of Donald Trump’s retaliating press conference on China’s national security law for Hong Kong. Its downside move laggingly tailed a similar price action in the S&P 500. The U.S. benchmark closed Thursday down 0.2 percent. Bitcoin traded …
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Unlike Bitcoin and other free markets, the Chinese yuan market is fixed and somewhat controlled by the country’s central bank. As Wikipedia describes: “Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies.” The People’s Bank of China adjusts the rate …
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