Data suggests $34,000 was the bottom and BTC’s recent performance could be a sign that traders are beginning to open fresh longs.
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Data suggests $34,000 was the bottom and BTC’s recent performance could be a sign that traders are beginning to open fresh longs.
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Uncertainty about crypto regulation can engender internal disagreement even within seemingly monolithic governments.
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DerivaDAO, TLOS and Bonfida rallied by 30% as traders view Bitcoin move above $38,000 as a signal to go long on BTC and select altcoins.
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Restricting the number of spectators at the major international sporting event will “likely further delay the mass adoption of the digital currency,” according to the Foundation for Defense of Democracies’ Craig Singleton.
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In addition to environmental metrics, the U.S. now accounts for 49% of the world’s Bitcoin cash rate.
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The Cryptocurrency and Regulation of Official Digital Currency Bill does not appear as one of the 15 bills the government body will consider during its next session.
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Despite extreme fear in the market, institutional investors appear to be re-accumulating Bitcoin using dedicated funds.
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