Blockchain 

Altcoins Join the Bitcoin Rally

Bitcoin (BTC) has been on an astonishing run this year that has almost mirrored the astonishing rally back in 2017 when the cryptocurrency touched almost $20,000 per token. However, earlier on in July, the cryptocurrency experienced declines and went below the $10,000 level. Altcoins Moving Up However, that seems to be a thing of the past now as the coin has regained its gains and is soaring again on the back of excellent momentum. In addition to that, due to the surge experienced by Bitcoin, other cryptocurrencies like Ethereum (ETH),…

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Blockchain 

Is Nobody Spending Bitcoin? Chainalysis New Data Reflects Rally

Bitcoin is closing out the month near $8,500 USD. Surging more than 60% since the beginning of the month, its revival has caused a global stir. However, in the midst of the excitement, blockchain researcher Chainalysis is discovering a problem that perhaps most of us already know: hardly anyone is actually spending it. Chainalysis Inc Chimes In Data from New York-based Chainalysis is showing that “only 1.3% of economic transactions came from the first four months of 2019, little changed over the boom and bust cycles of the prior two…

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Blockchain 

Fundstrat Prediction | Bitcoin will Rally to New Heights Next Year

Another Fundstrat prediction has emerged. This time there’s no messing about; the firm predicts that Bitcoin will hit $20,000 USD next year. You can bet investors are sitting up. Fundstrat has made calls that have come true in the past, so should we listen this time around? Fundstrat Prediction The most recent prediction the research body made was that Bitcoin was going to crash in the latter half of 2018. It came true. At the time, BTC was trading at approximately $5,500 and could have easily climbed beyond. Now the…

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Blockchain 

Bitcoin Price | BTC Extends Rally On Strong Momentum, Now What?

Bitcoin price is going up again on Wednesday, extending Tuesday’s monster rally of over 15%. Early Tuesday morning, BTC ballooned to about $5,080, breaking its long-term resistance level of $4,200. For months now since its infamous crash last year, BTC has struggled to surpass the $4,200 mark, and this begs the question as to whether the cryptocurrency pack leader is en route to its former glory. At the time of writing, Bitcoin price is trading at $5,060, up 4.86%. Is It a Steady Rally? It is not clear what might…

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Bitcoin 

Bitcoin Rally | Cryptocurrency Makes a Comeback After Major Slump

Many in the financial world this week were claiming Bitcoin was “dead” after it hit its 2018 record lows this week. What they didn’t predict was a Bitcoin rally. On Sunday, the world’s first digital currency hit just above $3,600 a coin, which is the coin’s record-low this year. Bitcoin hadn’t seen below $3,700 since mid-September 2017, and this past week, the cryptocurrency was down almost -40% for the month. However, on Tuesday night that all began to shift. Bitcoin Rally In around 60 minutes, Bitcoin jumped up in price…

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