Monthly Archives: February 2021

Launching in 3, 2… Here’s why Bitcoin breaking $40,000 is different than last time

Bitcoin broke $40,000 in a strong recovery rally over the past three days as BTC could stabilize above the key level in the foreseeable future. The price of Bitcoin (BTC) broke above $40,000 on Feb. 6 for the first time in 23 days. But this time, the market sentiment is a lot calmer with a less overheated derivatives market. The combination of a less crowded Bitcoin futures market, the selling pressure from whales peaking, and a fast recovery could help BTC stabilize above $40,000 this time. Bitcoin […]

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Bitcoin Climbs Past $40k, Analyst Expects Another Jump in BTC Value, ETH Taps New Highs

The price of bitcoin is nearing the crypto asset’s all-time price high on Saturday, as the digital currency has gained over 6% during the last 24 hours. The last time BTC was this high in value was during the first week of January when bitcoin touched a high of $42k that week. Crypto Prices Begin to Rise, Bitcoin Crosses the Psychological $40k Threshold Bitcoin (BTC) is up 6% today and hovering over the $40k price handle during Saturday morning’s trading sessions. For the last seven days, BTC […]

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Time to shine? Crypto should be given a chance after GameStop drama

The GameStop pump may lead a number of amateur investors to finally learn about DeFi and the advantages it puts forth. What happened to GameStop’s stock at the end of January will be remembered by investors for years to come, as it was probably the first time in the history of the “free market” that a group of self-described internet “degenerates” outsmarted a bunch of Wall Street pros at their own game. As a recap, on Jan 27, when the Dow Jones Industrial Average fell sharply by […]

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India’s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market

The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment services within India. RBI Near Digital Rupee Announcement As the Indian government prepares to introduce the cryptocurrency bill that seeks to both ban cryptocurrencies and create a regulatory framework for the digital rupee to be issued by the RBI, the central bank has made an announcement of its own. RBI Deputy Governor […]

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Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high

The price of Bitcoin appears to have broken out above $40,000 putting new all-time highs within reach. Bitcoin’s (BTC) price broke through the crucial level at $35,000 and continued its run above $40,000 on Feb. 6, just days after MicroStrategy’s pitched Bitcoin to over 1,4000 companies.  This breakout above $35,000 earlier this week was significant as it opened the door to a new all-time high test. The final hurdle at $40,000 has prevented BTC from a new all-time high, while many all-time highs were established by altcoins […]

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HUGE RED DAY?! Is Altcoin Season Over or BUY THE DIP?

#bitcoin #cryptocurrency #altcoins Telegram channels: https://t.me/suppoyoutube & https://t.me/suppochat Disclaimer: I am not a financial advisor and this is not financial advice. Everything expressed is my personal opinion only! Black Friday Crypto Bible Course 2020/21 for $9.99: https://www.udemy.com/course/cryptocurrency/?couponCode=GODCOINS9 Learn how to be an adept Cryptocurrency trader for $10 here: https://www.udemy.com/course/cryptocurrencytrading/?couponCode=BFTRADING Learn EVERYTHING you need to know about Crypto & get my HOT tip in my free course: https://www.udemy.com/course/free-cryptocurrency-course Get started with me on Coinbase today here: https://www.coinbase.com/join/58da6c18b6c7053a85 Powered by WPeMatico

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NFTX: The Most Undervalued Gem In Crypto?? | $1400 Stimulus Seem Set To Push Crypto Even Higher

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Bitcoin price breaks $40K: Here’s where BTC may go next

Bitcoin is preparing for another run to its all-time high at $42,000 as the crypto industry turns cautiously bullish. The price of Bitcoin (BTC) is showing signs of a newfound rally as it breaks the $40,000 resistance area. There is a combination of optimistic on-chain data points and a favorable market structure that is leading analysts and traders to anticipate an impending Bitcoin breakout to a new all-time high. In the short term, the $38,000 and $40,000 levels remain the biggest hurdles for Bitcoin. The longer BTC […]

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The institutionalization of BTC: Mining may be more profitable than buying

Regardless of Bitcoin’s price or future economic scenarios, Bitcoin mining will be a profitable activity. For years, institutional investors have been watching Bitcoin from afar with bewilderment and amusement, but with little to no participation. Although they were attracted by the high returns, they were scared away by Bitcoin’s infancy, lack of rules and the myriad headlines warning of hacks, bankruptcies and scams. In its early years, Bitcoin (BTC) lacked the on- and off-ramps required for most institutional investors, making it virtually impossible to get approved by […]

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Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum

Tether has never been more popular. A quick look at Coinmarketcap data underscores this point, with 24-hour trading volume in USDT (US dollar-denominated Tether) exceeding both Bitcoin and Ethereum combined. Users of the Legacy Stablecoin Show No Sign of Relenting A slow-rolling lawsuit brought by the New York attorney-general against Tether parent-company iFinex for fraud and market manipulation, among numerous other critiques, isn’t even close to defusing trader interest in the most popular stablecoin. The Competition Grows Legs While, of course, there are competing stablecoins, none have […]

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