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The past couple days have been positive for the cryptocurrency market overall. Today was no different as most coins are in the green. While some cryptocurrencies went higher than others, most coins went up a couple percent. Ethereum was no differnent in this regard, currently trading at $229 as the price went up roughly 5% … Read more
Wall Street Bitcoin bull Tom Lee predicted that Ethereum will “rally strongly” up to $1,900 per token by the end of 2019, which is 40% higher than the ETH all-time high Go to Source Powered by WPeMatico
According to Fundstrat analyst Sam Doctor, it appears Bitcoin Core (BTC) hashpower has doubled since just before the start of summer. That figure is impressive considering the lingering and deep bear market. “Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18m” Mr. Doctor tweeted. “Breakeven now … Read more
At press time, the bitcoin price has fallen even further, and is now sitting at just over $6,100. That means bitcoin has dropped by over $300 since yesterday, and over $1,000 in about a week. The bull run that enthusiasts were allegedly seeing is now a thing of the past, and we are back in … Read more
Cryptocurrency markets have shown some strength over the last seven days as many digital assets are up between 3 to 40 percent. At the time of publication, the entire digital currency market capitalization of all 1600+ cryptocurrencies is around $239B USD. The markets look far more optimistic than a few weeks ago but short contracts … Read more
Mining and network effects affect the price of Bitcoin, but according to Tom Lee, the biggest determinant of Bitcoin’s price movement is the emerging markets. In a recent interview, the Bitcoin researcher from Fundstrat Global Advisors stated that the economic factors at play in emerging markets have had the biggest effect on the price of … Read more
At press time, the father of cryptocurrency is back up to $6,700. This is about $100 higher than where it was yesterday, and about $300 higher than where it’s stood all week. Bitcoin has allegedly been on the brink of recovery. Following the news that the Securities and Exchange Commission (SEC) had rejected nine separate … Read more
After a wave of green yesterday, crypto markets see another decline, with Bitcoin barely holding on to weekly gains above $6,600 Go to Source Powered by WPeMatico
Fundstrat’s Head of Research Tom Lee points out a “correlation” between Bitcoin and emerging markets as a sign of upcoming downtrend reversal on both of them Go to Source Powered by WPeMatico
At press time, the price of everyone’s favorite cryptocurrency remains unchanged. Bitcoin is still trading in the $6,400 range and hasn’t moved from this spot for the past few days. The word is out that bitcoin isn’t likely to reach the $10,000 mark by the end of the year. This goes against everything many analysts, … Read more
