Tagbitcoin investment

Bitcoin Price Drop From $20,000 Likely Due to Market Manipulation: Traders

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Since December 17, the bitcoin price has been on a continuous decline, falling from $19,900 to $5,980 at its yearly low. While the bitcoin price has seen two mid-term recoveries and corrective rallies, both failed to test two major support levels at $12,000 and $10,000. Market Manipulation Theory Recently, a group of cryptocurrency researchers and traders suggested that the bitcoin price has...

Argentinian Bank Drops Out of SWIFT, Favors Bitcoin and Cryptocurrency

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According to Toshi Times, Jose Dakak, the principal shareholder of Argentinian bank Banco Masventas, has stated that the bank will drop out from the global financial network SWIFT and begin utilizing the Bitcoin blockchain network to settle international payments. Can Bitcoin Replace SWIFT? Through a strategic partnership with Bitex, a cryptocurrency payment service provider based in South...

Big Investors Not Scared by Bitcoin Price Drop, Cryptocurrency Inevitably Replaces Fiat

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Avi Salzman, a senior editor for Barron’s magazine, released a report this week featuring big money investors and executives from the rapidly growing cryptocurrency sector who generally believe, despite the recent bitcoin price drop, cryptocurrency will inevitably replace fiat. Inevitable Outcome Over the past five months, the valuation of the cryptocurrency market has dropped by more than 55...

Cryptocurrency Market Drops $9 Billion, Bitcoin and Major Currencies Remain Volatile

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The cryptocurrency market has dropped $9 billion over the past 24 hours after demonstrating a $30 billion increase in valuation from $370 to $400 billion. Bitcoin Struggle at $8,500 The bitcoin price has struggled to surpass the $8,500 mark on throughout May 14, even after surpassing $8,700 on May 13. The market started to recover as the bitcoin price rebounded to the $8,500 and tokens like...

8,200 BTC Moved From Mt. Gox Wallet, Possible Sell-Off Affects Bitcoin Price

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The Mt. Gox trustee, who was tasked to sell about 200,000 bitcoin after the bankruptcy of the now-defunct cryptocurrency exchange Mt. Gox, is suspected to have dumped another 8,000 bitcoin on the cryptocurrency market. Domino Effect As CCN reported yesterday, CNBC’s Fast Money contributor and BKCM founder Brian Kelly stated that the entrance of major financial institutions and banks into the...

Wall Street Adopting Bitcoin Will Lead Crypto Market to Surge: Brian Kelly

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Brian Kelly, a prominent cryptocurrency trader, contributor to CNBC’s Fast Money, and founder of BKCM, stated on the May 9 Fast Money show that the adoption of bitcoin by Wall Street’s biggest financial institutions such as the New York Stock Exchange (NYSE) and Goldman Sachs will lead the cryptocurrency market to surge in the short- to mid-term. Kelly is Shocked Earlier this week, as CCN...

NYSE Isn’t Planning a Bitcoin Futures Market, But a Proper Crypto Exchange

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According to a report by the New York Times, the world’s biggest stock exchange New York Stock Exchange (NYSE) is planning to operate a proper cryptocurrency trading platform. Beating Goldman Sachs and Nasdaq to the Punch On May 3, CCN reported that Goldman Sachs is entering the bitcoin market by launching a futures market targeted at investors in the traditional finance sector and stock market...

Bitcoin Drops to $9,300, Cryptocurrency Market Loses $20 Billion Overnight

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The bitcoin price has dropped to $9,300, demonstrating another 3 percent decline in value over the past 24 hours after failing to test the $10,000 support level. The cryptocurrency market followed the short-term price trend of bitcoin and has dropped more than $20 billion overnight. Bitcoin’s Slump On May 5, the global average bitcoin price was less than $100 away from achieving the $10,000 mark...

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