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Bitcoin Price Bounces Back, Crypto Markets Recover to $170 Billion

Bitcoin Price Bounces Back, Crypto Markets Recover to $170 Billion The crypto markets bounced back on Thursday following a significant contraction the previous day. The bitcoin price led the charge, rising more than 6% to put the $5,700 barrier within its sights, while the ethereum price ticked up 3% to $309. Unfortunately, the recovery was not comprehensive, and some cryptocurrencies — including ripple — continued to decline. Chart from CoinMarketCap The downturn forced the total cryptocurrency market cap as far…

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Why Silicon Valley is going gaga for Bitcoin

Why Silicon Valley is going gaga for Bitcoin Cryptocurrencies are on a historic tear right now. And Silicon Valley’s infatuation with the industry explains a lot about itself. Should I buy bitcoin? As a technology reporter, the questions I receive from random people at birthday parties, say, or seatmates on a plane, are usually emblematic of what is going on in the digital world. (And, increasingly, the real one, too, for that matter.) Not too long ago, the predominant question…

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Bitcoin’s price bubble will burst under government pressure

Bitcoin's price bubble will burst under government pressure Is the cryptocurrency bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse. If you haven’t been following the bitcoin story, its price is up 600% over the past 12 months, and 1,600% in the past 24 months. At over…

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Bitcoin Price is Hitting Above $4,500 Again

Bitcoin Price is Hitting Above $4,500 Again Bitcoin price surpassed the $4,500 mark Sunday, reaching $4,614.91 Sunday, posting a market capitalization of $76.662 billion. Bitcoin posted close to a 5% gain in the last 24 hours, during which most cryptocurrencies posted losses. Ripple and Litecoin were the only other two of the top 10 cryptocurrencies to gain in the period, posting 15.6% and 2.02% gains, respectively. BitConnect, the number 12 crypto with a market cap just over $1 billion, was…

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Will the Disinflation of Bitcoin Lead to Long-Term Price Surge?

Will the Disinflation of Bitcoin Lead to Long-Term Price Surge? Chris Burniske, a parter at cryptocurrency-focused venture capital firm Placeholder and former cryptocurrency investment lead at ARKInvestment, revealed that 80 percent of the total supply of bitcoin is now outstanding and that its hyperinflationary period is behind it. Dissimilar to most currencies and assets, bitcoin is a deflationary currency because of its unique monetary policy. Since its introduction in 2009, bitcoin was structured specifically to operate as a robust and…

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Calm Before the Fork – Segwit2x Goes Silent as Bitcoin Split Looms

Calm Before the Fork – Segwit2x Goes Silent as Bitcoin Split Looms "It's sort of like the quiet tension before a battle." That's how Jean-Pierre Rupp, a developer at bitcoin wallet provider Blockchain, described the current state of Segwit2x development. With the code labeled "production ready," and the work of contributors like Rupp nearly complete, the main step left is the activation of the code, scheduled for late November. That's when the next stage of bitcoin's scaling debate, as they…

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Goldman Sachs CEO Lloyd Blankfein Latest Exec to Flirt with Bitcoin

Goldman Sachs CEO Lloyd Blankfein Latest Exec to Flirt with Bitcoin Lloyd Blankfein, CEO of Goldman Sachs, cozies up to bitcoin, albeit hesitantly. He’s following a global corporate trend. As its price rises, and bitcoin’s resiliency to regulation rumors and clampdown steady, it’s not hard to imagine more converts on the way.   Consigliere to the Elite The man’s words literally move markets. In a single Tweet, he can set the financial world aflutter. To wit: Goldman Sachs CEO, Lloyd…

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Analysis of Bitcoin, Ethereum, and Litecoin

Analysis of Bitcoin, Ethereum, and Litecoin * All the market data is provided by the HitBTC exchange.   The cryptocurrency universe is showing nervousness at the current levels, having recovered anywhere between 50% to 78% of the fall. After having sucked in the eager bulls at lower levels, is a retest of the lows on the cards? What should be the future plan of action? To hold out or sell now? Let’s uncover the possibilities In our previous analysis, we…

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Bitcoin: $6,000 and Beyond?

Bitcoin: $6,000 and Beyond? Bitcoin will quickly rise to $6,000 and you’re all foolish for thinking otherwise. At least, that’s what industry experts are saying. Of course, they added one important caveat: expect volatility to continue. Bullish on Bitcoin The cryptocurrency community has fallen on hard times as of late, but that hasn’t stopped the industry’s brightest minds from maintaining their bullish bets on BTC. The next major target that experts are eyeing is $6,000, which is a nearly 40%…

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IMF Head – Cryptocurrency Could Be the Future. Really.

IMF Head – Cryptocurrency Could Be the Future. Really. Christine Lagarde sees a path ahead for cryptocurrency. The managing director of the International Monetary Fund, or IMF, talked up the potential of virtual currencies to supplant traditional monies in coming decades on Friday. Cryptocurrencies, or virtual currencies, are a new class of digital assets powered by blockchains, distributed ledgers that made their name underpinning networks like Bitcoin and Ethereum. Unlike JPMorgan Chase CEO Jamie Dimon and billionaire hedge fund founder…

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