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Bitcoin Price Tumbles 6% on Economic Growth Uncertainty

Bitcoin (BTC) had an outstanding run during the first half of the year as it climbed to new highs at the end of each month, but the month of July and August have not been as kind to the world’s biggest cryptocurrency. A lot has gone on over the past month and a half that […]

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SEC to Decide Later on Three Bitcoin ETF Proposals

Ever since Bitcoin had that incredible rally back in 2017, there has been a lot of talk among big-ticket investors to find a way to bring the cryptocurrency into the world of mainstream investing. It was around that time that the idea of Bitcoin-based exchange-traded funds (ETFs) was first floated. Ultimately, the Securities and Exchange […]

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How Will a Higher Bitcoin Dominance Index Affect BTC Price?

Bitcoin (BTC) had an excellent run in the first half of 2019 and looked like it could regain the highs that it had reached back in 2017. However, the month of July proved to be a reality check as the price of the token oscillated around $10,000. August started off in much better fashion as […]

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Bitcoin Hash Rate Hits 80 Quintillion for the First Time

Bitcoin (BTC) surpassed another milestone on Thursday, August 8, as the world’s leading cryptocurrency’s hash rate hit 80 quintillion for the first time. This news comes during a good week for BTC, which saw the coin’s value top $12,000 USD twice in three days amid fears that a global recession is on the horizon. What is […]

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Bitcoin Breaks $12,000 Amid Global Recession Concerns

Bitcoin price broke $12,000 USD for the second time in three days on Wednesday as the notoriously volatile cryptocurrency develops a reputation among investors as a safe-haven currency amid concerns as the global economy heads towards recession. This takes BTC’s week-on-week gains to $2,000 USD. Following on from 2018’s cryptocurrency crash, BTC enjoyed six months […]

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Bitcoin Dominance at 70%: BTC Surges Amid Economic Uncertainty

Bitcoin has always dominated the cryptocurrency market. But for the first time since December 2017—when Bitcoin was valued at $20k per coin—Bitcoin dominance is nearing 70%. It’s a significant indicator of the current sentiment surrounding the world’s largest digital asset. It also leaves a sizeable question mark over the future of the hundreds of altcoins […]

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Bitcoin Bulls are Back: Why 2019’s Rally is Different Than 2017

July might have been a forgettable month for Bitcoin after six months of steady gains this year, but the cryptocurrency has made a remarkable comeback in August so far. Bitcoin Near $12K The rally started at the beginning of the month and has continued as the cryptocurrency seems poised to touch $12,000 per token. While […]

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Bitcoin Recovers 15% in 3 Days: What’s Driving BTC?

After forging new heights this year throughout the first six months of this year, Bitcoin went through incredibly tough times throughout the month of July. In July, the price fluctuated violently as a range of extraneous factors did not allow the token to move beyond a certain level, while the price plunged significantly post recoveries […]