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The entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite has been trying to withdraw $30-50K per person as they flee […]
The post US Cash Crisis: Withdrawal Limits Spark Bank Run Fear appeared first on Bitcoin News.
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After bitcoin prices dropped below the $5K region on Monday morning, gold also slid significantly. It saw a small spike in value after the Federal Reserve announced slashing the benchmark rate by 100 bps, but gold prices subsequently dropped below $1,500 per ounce hours later. The current sentiment has led people to question why gold […]
The post Analysts Question Gold’s Safe Haven Status – 2008 Data Shows Central Banks Oversaturated Bullion Markets appeared first on Bitcoin News.
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The Morgan Creek Digital co-founder predicts that monetary stimulus measures in the U.S. will coincide with the Bitcoin halving to spark the next bull run
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Cryptocurrency markets are feeling a lot of pressure on Thursday, March 12, as the entire cryptoconomy has lost over $50 billion during the last three days. Digital asset prices dropped to the lowest levels since May 2019. Moreover, on five derivatives exchanges, more than $2.2 billion leveraged positions were liquidated in the last 24 hours. […]
The post Market Update: Global Economy Jolts Bitcoin, Overall Crypto Cap Loses $50B appeared first on Bitcoin News.
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With the Ether price doubling in weeks, the founder of Synthetix, Kain Warwick, has said he believes Ethereum is the reason people are “getting excited about crypto again”
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Digital currency markets have started to show strong signs of recovery after dropping to new lows last week. On Monday, a number of cryptocurrencies gained between 2-5% over the course of the day. Crypto prices have held steady into the next day and many digital assets will likely test key resistance levels in order to […]
The post Market Outlook: Leading Cryptocurrencies Attempt to Break Resistance appeared first on Bitcoin News.
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Digital currency markets have dropped in value over the last three weeks, losing $25 billion since mid-August. Market prices have been creeping downward on thin global trade volume and the last two months of volatility seem to be taking a toll on short-term bullish optimism. Also Read: Bitmain Launches Next Gen Miner as Bitcoin Hashrate […]
The post Market Outlook: Uncertainty Builds With Thin Trade Volumes and Bitcoin Futures Launch appeared first on Bitcoin News.
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Nigel Green, the CEO and founder of financial consultancy firm deVere Group, says that Bitcoin’s new normal bottom price is now $10,000
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Last week cryptocurrency prices bounced around after a majority of coins dropped in value on August 21. Today on August 26, digital currency markets have gained around 1.52%, gathering $4 billion since the initial slump. Despite the volatility, cryptocurrencies have consolidated and a few speculators believe a breakout is on the cards that could send […]
The post Market Update: Economists Envision Global Recession While Crypto Prices Soldier On appeared first on Bitcoin News.
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Bitcoin is mostly used for speculation and investment on Luno, the CEO reveals
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