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BITCOIN PRICE: 6,136.06     HIGH: 6,250.00     LOW: 5,940.00

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Dogecon • June 21-24, 2018

Dogecon Vancouver 2018 is a weekend celebration of the social layer of crypto culture, embracing memes and tweetstorms as the…

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Tag: bitcoin price

Bitcoin Price Hits its Lowest Level in May and Nears $7000

Category: Bitcoin, Commentary, News, Price Analysis

Bitcoin Price Hits its Lowest Level in May and Nears $7000

Bitcoin hit its lowest level so far in May 2018 near $7,000, establishing a new low for the fourth week in a row. The long-term outlook shows shifting momentum in favor of bears that could see a large decline toward the 2018 low and even new lows for the year. The Weekly Outlook for Bitcoin The weekly chart for BTC-USD…

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Institutional Investors May Guide Bitcoin Out of Consolidation Period

Category: Bitcoin, Commentary, Finance, News

Institutional Investors May Guide Bitcoin Out of Consolidation Period

On May 23, technical analyst Peter Brandt suggested that there exists a solid 65 percent chance the price of bitcoin falls to a bottom of $3,505. In response, cryptocurrency researcher and analyst Willy Woo explained that a 2014-like fall to the $3,000 region is unlikely, given the difference in the market structure between now and three years ago. Consolidation Period…

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Bitcoin Price Falls Below $8,500 as Upbit Under Investigation By FSC & KoFIU

Category: Bitcoin, Finance, News, Regulation

Bitcoin Price Falls Below $8,500 as Upbit Under Investigation By FSC & KoFIU

Upbit, South Korea’s largest cryptocurrency exchange platform, is currently under investigation as it is suspected of engaging in false financial reporting activities, deceiving investors in the process as the price of bitcoin breaks below $9,000. Local media outlets in South Korea also report that the exchange’s office has been raided. The latest development follows is the a series of crackdowns…

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Tom Lee Assumes Consensus 2018 Will Push Bitcoin Price to All-Time High

Category: Altcoins, Bitcoin, Business, Commentary, Finance, News

Tom Lee Assumes Consensus 2018 Will Push Bitcoin Price to All-Time High

Fundstrat’s Tom Lee has come up with yet another hunky dory prediction for cryptocurrency investors ahead of this year’s Consensus conference, scheduled to kick off on May 14, 2018, in New York City. According to Lee, Consensus will spark a new life into the market, causing bitcoin prices to undergo a sharp rise like it did last year. Record attendance…

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Billionaire Acquires 10,000 Bitcoins, Says Blockchain Is the Future

Category: Bitcoin, Blockchain, Commentary, Finance, News, Tech

Billionaire Acquires 10,000 Bitcoins, Says Blockchain Is the Future

In an interview on May 3, 2018, Wensheng Cai, a successful domain flipper and entrepreneur, told fellow entrepreneur Wang Feng, the founder of Mars Finance among a handful of other associations, that he has finally acquired 10,000 bitcoins. Achieving a Personal Target Cai is currently worth 1.5 billion dollars according to Forbes. He is also an active angel investor in Chinese…

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Largest Ever Bitcoin Short Trade ($119 Million) Closes on OKEx

Category: Bitcoin, Finance, News

Largest Ever Bitcoin Short Trade ($119 Million) Closes on OKEx

In the current gradual climb in the price of bitcoin, a trader has exited a short position worth a blistering $119 million. As bitcoin slowly regains both respectability and value with almost genteel trading over the last few weeks, previous short positions are evaporating. Although the price rise has been gradual, it was enough for the holder of a massive…

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Icelandic Tech Company Brings Silicon Valley’s Bitcoin Price Alarm to Life

Category: Bitcoin, Entertainment, Mining, News, Tech

Icelandic Tech Company Brings Silicon Valley’s Bitcoin Price Alarm to Life

American comedy series Silicon Valley which traces the journey of the life of six programmers in the San Francisco region has just inspired a new cryptocurrency price notification website. A technology company Viska has brought the bitcoin price alarm featured on an episode of the show to life. Silicon Valley’s Version In episode three of season five, one of the…

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Cryptodad Giancarlo Believes Bitcoin is an Amalgam of Different Asset Classes

Category: Bitcoin, News, Regulation

Cryptodad Giancarlo Believes Bitcoin is an Amalgam of Different Asset Classes

Bitcoin and cryptocurrencies in general exhibit specific essential characteristics of the different asset classes. This assertion was made by Cryptodad Christopher Giancarlo, the chairman of the U.S. Commodity Futures Trading Commission (CFTC). There is currently no consensus as to the exact asset definition for cryptocurrencies. The debate over whether ICO tokens are utilities or securities continues to rage on with…

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Bitcoin’s Recent Rise Could Be Attributed to Rising Institutional Interest

Category: Altcoins, Bitcoin, Finance, News, Regulation, Tech

Bitcoin’s Recent Rise Could Be Attributed to Rising Institutional Interest

Last year bitcoin, the most well-known and expensive of the cryptographic coins, touched $20,000. After that, however, it’s journey has taken a slight downturn. The fluctuating price of the pioneer cryptocurrency has been the talk of the market for months now, but over the period of these last seven days, the valuation of leading crypto has edged closer to the…

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Weak Resistance Near $9000 Suggests Bitcoin Will Break Psychological Level by April 24

Category: Bitcoin, Price Analysis

Weak Resistance Near $9000 Suggests Bitcoin Will Break Psychological Level by April 24

Bitcoin (BTC) has galvanized on recent gains, testing the $9,000 handle multiple times over the past 36 hours. The window of opportunity for bulls is short, but it looks likely we will see a major buy signal given by April 24 for BTC-USD. The daily chart below shows that BTC-USD’s trend change was confirmed on April 14, with the market…

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