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Bitcoin (BTC) Falls Close to $6,500 After SEC ETF Delay

The latest Bitcoin news is that Bitcoin (BTC) has taken a major hit this week and has dragged the rest of the cryptocurrency market down with it. At press time, the total cryptocurrency market is sitting at just above $225 billion, which is $75 billion lower than what it was just two weeks ago. Within the last 24 hours, the crypto market has dropped almost $20 billion. Bitcoin News: Bitcoin (BTC) Struggles According to CoinMarketCap, Bitcoin (BTC) is currently trading at $6,509.67, down -8.50% in 24 hours. For the week, BTC price is down -14.47%, and for the month, Bitcoin price is down -5.15%. This month, Bitcoin…

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Bitcoin (BTC) Breaks $8,100—Up, Up, Up It Goes!

Bitcoin (BTC) price has climbed above the $8,100 mark for the first time today since mid-May. Source: CoinMarketCapBig Week for Bitcoin Bitcoin’s bull run this week is leading many to predict a return of its 2017 bull run that pushed BTC to almost $20,000. Source: CoinMarketCapJuly 16th seems to have started this run when BlackRock, the world’s largest exchange-traded fund (ETF) provider, announced that its company had assembled a group to look into cryptocurrencies, more specifically, Bitcoin (BTC). This news immediately boosted BTC into the green with 4% gains. BlackRock, to date, has managed nearly $6.4 trillion in assets. News of potential institutional investors dipping their toes…

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Tom Lee Bitcoin Price Target: From $25K to $20K

Last month, Bitcoin enthusiasts breathed a sigh of relief when they were informed that the Tom Lee Bitcoin price target was $25K by the end of 2018. But a month later, now in the second half of the year, Tom Lee has changed his mind. He now expects that Bitcoin will trade a little over $20,000 by year-end. Tom Lee Bitcoin Price Target: 20% Less Than Original As the Bitcoin bulls and bears continue to fight, the Fundstrat co-founder has sided with both in certain instances. He admitted that Bitcoin’s trading volume has dropped. He cut his Bitcoin price target. Yet Mr. Lee made it evident Thursday that…

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Bitcoin (BTC) Not Among China’s Top Ten Blockchains

A new Bitcoin ranking has been released, and the BTC position might surprise you. Don’t worry, it’s overall placement is still number one by market cap, but China released a new listing of its top blockchains and Bitcoin didn’t fare so well. Spoiler alert – Bitcoin didn’t even make the top ten. Bitcoin Ranking By China The China Electronic Information Industry Development (CCID) body initially released its blockchain rankings list in May. On the original list, Bitcoin (BTC) hadn’t made it into the top ten either, but it was close, coming in at lucky number 13 (the original list gave a three-way tie between Bitcoin, Verge [XVG],…

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Are Day Traders Ruining Bitcoin (BTC)? Short-Term Speculators on the Rise

Bitcoin day traders appear to be on the rise. The Financial Times reports that there is as much Bitcoin (BTC) owned by short-term speculators as there is by HODLers, or long-term investors, now. Bitcoin Day Traders Catching Up Blockchain research company Chainalysis discovered the Bitcoin data. This data shows that the amount of BTC held by day traders has increased to 5.1 million Bitcoin since December 2017. Bitcoin HODLers, people who have held BTC for longer than a year, together hold around 6 million Bitcoin. While these numbers aren’t quite on par yet, the chief economist at Chainalysis, Philip Gradwell, believes that this might be a “fundamental…

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Bitcoin [BTC] Google Searches Down 75% in Six Months

Bitcoin (BTC) – Web searches for the word ‘Bitcoin’ have dropped around 75% since the beginning of 2018, according to Google Trends. Source: GoogleTrends Google Trends analyzes different ‘periods of popularity’ for individual web searches. The value of ‘100’ on their site is given to a specific term that is being searched at its peak of popularity. Bitcoin (BTC) reached its all-time record high of $20,000 a coin in mid-December 2017 and has been dropping ever since. >> Bitcoin Price Manipulation? Bull or Bear? Before Tom Lee, Nick Colas was the first Wall Street analyst to cover Bitcoin back in 2013, and he is bearish on BTC…

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Bitcoin Pizza Day: What You Can Buy Now for 10,000 Bitcoin (BTC)

Today, May 22nd, is Bitcoin Pizza Day. What does that mean, you may ask? Well, back in 2010, one of the earliest Bitcoin (BTC) purchases was completed. The purchase was for two Papa John’s pizzas. The price back then? 10,000 BTC. Since that fateful day, Bitcoin’s price has skyrocketed and many other cryptocurrencies have sprung forth from Bitcoin’s success. Back in the day, 10,000 BTC may have only gotten you two pizzas. But what can that much Bitcoin get you now? >> TRON (TRX) Update: Upbit and Bithumb Support TRX Token Swap Bitcoin (BTC) Price Right now, one BTC is selling for $8,260.43 according to data from…

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Bitcoin News: Price Below $8,500; Jack Dorsey Talks BTC at Consensus 2018

Bitcoin (BTC) has dropped below the $8,500 mark. This is significant news, and it’s likely Bitcoin bears are going to try to drag the currency below the $8,000 mark during the remainder of the week. Will it happen, though? Only time will tell, but we can look to various mediums to see if there is any specific Bitcoin news bringing the price down today, but what may help to turn it around for the coin is Jack Dorsey on BTC— his thoughts are very interesting. Bitcoin (BTC) Daily Chart Bitcoin (BTC) is currently selling for $8,325.74. This puts BTC down 2.44% in the past twenty-four hours. Right now,…

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Bitcoin Price: Bitcoin Continues to Flirt with the $8000 Mark

Bitcoin Price (BTC) is largely controlled by trader’s sentiments regarding the future fundamentals of cryptocurrency markets. Trader’s sentiments have been improving sharply in crypto markets over the last week, driven by bullish price predictions and regulator input to control unfair practices. Rather contrary to the previous precedent of “going against” government interference and regulation,  the management of Ripple (the third largest cryptocurrency), has invited the government to play their role in cryptocurrency markets. “We’re at that time now where we need more clarity and rules, and we need more certainty. It’s a good time to start revisiting that ‘wait and see’ approach taken by regulators,” Ryan Zagone,…

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Bitcoin Price: BTC Skyrockets $1,000 in Just 60 Minutes, but Why?

Bitcoin price bounced back this morning in a rather grand fashion, shooting up $1,000 in an hour. As per CoinMarketCap, the Bitcoin-U.S. dollar (BTC/USD) exchange rate skyrocketed to an April high of $7,796.25 at 04:44:35 UTC. At press time, the cryptocurrency is changing hands at $7,614 and is up 9.76% percent in 24 hours time. BTC’s price is down -18.7% for the month and down -44.7% year-to-date. Source: CoinMarketCap Last year, was an astronomical year for cryptocurrency as it caught mainstream adoption. BTC shot up a staggering $20,000 in its price in 2017, with most gains occurring towards the latter half of 2017. Mainstream media caught wind of cryptocurrency and everyone began buying in. Bitcoin’s record high…

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