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Are Cryptocurrencies Recovering or is This a Dead cat Bounce?

July J, 2017
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Are Cryptocurrencies Recovering or is This a Dead cat Bounce?   No one can say there is such a thing as a boring day in the world of Bitcoin and cryptocurrency. After the onslaught of price declines throughout the weekend, we kick off this Monday on a positive note. All currencies are seemingly recovering their losses. The Bitcoin price surpassed US$2,000 again, but it looks like Ethereum is the winner of the day so far. Other currencies all doing quite…

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3 reasons cryptocurrency prices are in free fall

July J, 2017
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3 reasons cryptocurrency prices are in free fall Whether it be Bitcoin or Ethereum, every cryptocurrency has suffered massive losses over the past several days. Prices have dropped to as low as 64 percent, bringing the entire cryptocurrency market cap down to $70 billion from $110 billion. Ethereum’s price has gone from $400 right down to $151 in about a month, leading investors to panic sell. On the other hand, Bitcoin, which dominates the cryptocurrency market is down about 36…

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Cryptocurrency fall continues ahead of Bitcoin’s ‘civil war’ conclusion on Aug 1- Ether below $200

July J, 2017
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Cryptocurrency fall continues ahead of Bitcoin's 'civil war' conclusion on Aug 1- Ether below $200 Bitcoin prices fell below USD 2,100 today and are inching towards breaking the USD 2,000 level, as bears continue their rampage on cryptostreet. Cryptocurrencies continue to bleed as speculators remain jittery ahead of bitcoin’s scaling debate conclusion on August 1. The total market cap has dropped by USD 9 billion, a 11 percent fall, in the past 24 hours, according to coinmarketcap.com. Bitcoin prices fell…

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Cryptocurrency Investors Must ‘Be Prepared to Lose Everything’

July J, 2017
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Cryptocurrency Investors Must 'Be Prepared to Lose Everything'   Potential investors in cryptocurrencies should focus on finding a great new concept rather than rushing to buy volatile Bitcoins, Dr. Campbell Harvey told Radio Sputnik.   The market in Bitcoin and other cryptocurrencies has been subject to remarkable growth but also volatility in recent months. On June 11, the price of Bitcoin peaked at $3,019, an increase of more than 300 percent since the beginning of the year. However, the price…

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Ethereum’s share of the cryptocurrency market has exploded

July J, 2017
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Ethereum's share of the cryptocurrency market has exploded   Ethereum is gobbling up share in the cryptocurrency market. A new report by Autonomous NEXT, a financial technology analytics service, shows that Ethereum's percentage of the total cryptocurrency market has sharply risen since the beginning of the year. In January it stood at approximately 5%. As of June 22, its marketcap as a percentage of the entire market rose to 30%. Ethereum's impressive rise has led to a dramatic fall in…

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Cryptocurrencies Took A Hit, But Some Experts Say Now Is the Best Time to Buy

July J, 2017
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Cryptocurrencies Took A Hit, But Some Experts Say Now Is the Best Time to Buy   Cryptocurrencies took a hit Tuesday, with bitcoin and ethereum dropping significantly. However, many experts are advising investors to hold, and some are even advising people to buy now.   BLACK CRYPTO TUESDAY Tuesday, July 11, was a rough day in the cryptocurrency world, with very few of the Top 100 Coin Market Cap list cryptocurrencies in green. At the time of this writing, bitcoin…

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Crypto Calamity: Ethereum, Bitcoin Prices Sink as Market Plunges Below $80 Billion

July J, 2017
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Crypto Calamity: Ethereum, Bitcoin Prices Sink as Market Plunges Below $80 Billion   Litecoin fared better than most cryptocurrencies during today’s market plunge, only losing 3.8 percentage points where most cryptos suffered bigger hits, according to coinmarketcap.com. Among the cryptos with more than a billion in market capitalization, only bitcoin outperformed Litecoin in the most recent 24-hour period, losing only 2.82 points. Litecoin, the fourth largest crypto with $2.377 billion in market capitalization, traded at $45.77 today. Second place Ethereum,…

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Is Solar-Powered Cryptocurrency Mining the Next Big Thing

July J, 2017
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Is Solar-Powered Cryptocurrency Mining the Next Big Thing Cryptocurrency mining is a difficult and costly activity. Miners must pay to build rigs capable of vast amounts of processing power, and then the rigs themselves must be powered with large quantities of electricity. It's all a careful balance between how much the operation costs and how much profit it is able to generate. (See also: What Happens to Bitcoin After All 21 Million are Mined?)   With mining operations for Ethereum,…

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Bitcoin is Permanently Superior to Paper Money in Ways – German Business Magazine

July J, 2017
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Bitcoin is Permanently Superior to Paper Money in Ways – German Business Magazine While many mainstream media personalities and analysts remain skeptical about bitcoin (and often rehash misinformation), others are beginning to give cryptocurrency an honest appraisal. The latest comes from leading German business magazine Wirtschafts Woche, which recently published an article praising bitcoin. “The Revolution of Cryptocurrency,” written by economist Thorsten Polleit, argues that the advent of cryptocurrency set off a monetary revolution that could eventually supplant fiat national…

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$100 Billion Cryptocurrency Market Showing Signs of Maturity as Mainstream Investment Appeal Grows

July J, 2017
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$100 Billion Cryptocurrency Market Showing Signs of Maturity as Mainstream Investment Appeal Grows Cryptocurrency has burst onto the financial scene like a blazing comet, offering investors a new asset class to grow their wealth, hedge against instability and escape the grips of central banking. As the market for digital coins crossed the $100 billion mark, hedge funds and major institutions suddenly found themselves scrambling to make sense of the shadowy world of cryptocurrency. For the most part, investors no longer…

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