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$6 Billion Crypto Surge Propels Bitcoin Toward Key Hurdle

bitcoin price

The cryptocurrency market surged by $6 billion on Tuesday, propelling litecoin to a new yearly high and launching bitcoin one step closer to a major hurdle it needs to cross before it can slay its historic bear market. As of the time of writing, the cryptocurrency market had a total valuation of $132.3 billion. Daily volume stood at more than $33 billion, a full $5 billion above where it was at...

Maybe Tether Doesn't Plan to Quit the Stablecoin Market After All

tether crypto stablecoin usdt

Tether announced today that it’s issuing USDT on the TRON blockchain. As Tether writes in its own blog post on the subject: The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (dApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network. TRON is only the third blockchain on which Tether has issued its...

Cryptocurrency Miners are Making Millions for Doing Absolutely Nothing

Crypto, bitcoin, cryptocurrency

The latest issue of Diar points out that Bitcoin miners and other crypto miners have made tens of millions of dollars without processing a single transaction. The major proof-of-work blockchains, Bitcoin, Ether, Litecoin, and Dash, have earned in excess of $18 billion. Bitcoin Cash miners have earned just under $1 billion since the fork. Zcash miners have actually earned more than Bitcoin Cash...

Crypto Market Gains $15 Billion in 4 Days But Analyst Says Bitcoin Not Ready For $4,000


Since February 17, within 4 days, the valuation of the crypto market has increased from $120 billion to $135 billion, by $15 billion. Crypto assets that have outperformed both Bitcoin and the U.S. dollar throughout February in the likes of EOS and Litecoin recorded 4 to 6 percent gains in the past 24 hours, showing strong momentum. Litecoin, in particular, demonstrated a spectacular rally from...

Traders Who Shorted Bitcoin From All-Time High $20,000 are Cashing Out: Is The Bottom is Near?

Bitcoin, bitcoin price

In the past two months, several traders who shorted Bitcoin from its all-time high at $20,000 have started to cash out in the $3,000 to $4,000 range. The closure of several long-term Bitcoin short contracts followed the publicized cash out of former International Monetary Fund (IMF) economist Mark Dow’s short contract on Bitcoin in December. Speaking to Bloomberg, on Dec 18, 2018, Dow said: I’m...

Simply 'Logical' for Every Big Macro Fund to Hold 1% in Bitcoin: US Billionaire Investor

Bitcoin, Mike Novogratz

In the last 48 hours, the Bitcoin price recovered beyond the crucial $3,500 support level and avoided a further drop below $3,000. The valuation of the cryptocurrency market increased from $110 billion to $120 billion, by just over $10 billion. Following the strong corrective rally of Bitcoin, billionaire investor Mike Novogratz stated that every major macro fund should hold at least 1 percent of...

Bitcoin Bottom In? What Crypto Traders Expect After $10 Billion Surge Overnight

Bitcoin, Crypto, cryptocurrency

On February 8, the crypto market experienced a strong $10 billion recovery from $111 billion to $121 billion, breaking out of a three-week stalemate. With an overnight price movement, the crypto market nearly fully recovered to January levels at around $130 billion. Several major crypto assets in the likes of Litecoin (LTC) and EOS (EOS) recorded gains in the 15 to 20 percent range against the U...

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