Bitcoin went from $8,000 to $10,000 in 11 days in 2017—could it happen again?

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During the bull run of 2017, Bitcoin’s price jumped from $8,000 to over $10,000 in 11 short days. The momentum continued to accelerate, with the coin only taking 8 days to jump from $16,000 to $18,000. Seeing how Bitcoin currently hovers around the $8,000 mark, many believe its value could catapult to 2017 highs in…

Why BitMEX CEO believes the bitcoin bull market is just starting

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Arthur Hayes, the CEO of BitMEX, the most widely utilized margin trading platform for crypto assets such as bitcoin and Ethereum, has said that the bitcoin bull market is real. Hayes said on Twitter: “The bull market is real. A momentary dip below $7,000, and a few days later we are back above $8,000 and…

How Bitcoin and Ethereum plunged in minutes amidst unexpected correction

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On May 17, the price of Bitcoin plunged from around $7800 to $6700 within minutes in a flash crash on BitMEX. Immediately after, the price of Ethereum dropped from $240 to $190. The abrupt decline in the price of Bitcoin was triggered by the placement of a large sell order on Bitstamp and other major crypto…

Bitcoin rumors debunked, remains bullish

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The world’s largest cryptocurrency has managed to break the $8,000 mark sooner than expected but has seen a slight dip in value as rumors that have fueled the bull run got debunked. Some believe the dip was caused by eBay and TD Ameritrade shooting down rumors on their expansion into crypto. Rumors and speculation push…

Bitcoin breaks $6700, crypto market back above $200 billion

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After breaking $6,000, Bitcoin passed through another major resistance zone between $6,100 and $6,450. Altcoins, however, are not performing as well and Bitcoin’s dominance has increased to 59.26% at the time of press. Bitcoin Decoupling Bitcoin’s bullish momentum has shaken off a lot of bears out of the market. Tyler Jenks, a 40-years trading veteran,…

Maker’s Dai approaches $1 peg following aggressive interest rate hikes and Tether fallout

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Interest rates for MakerDAO have exploded to 19.5 percent over the course of three months to combat its stablecoin Dai from trading below its $1 peg. However, the gap has narrowed over the last three weeks, partially from factors entirely outside of Maker. Maker is one of the first crypto projects that gained meaningful traction…

Stellar leads in daily active accounts according to new estimates

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Daily active accounts for Stellar Lumens are grossly underrepresented by available charting tools, according to an analysis by OrbitLens. The group claims that active accounts for XLM should be 10x reported figures. In an Apr. 29th post, OrbitLens, who is behind block explorer and analytics platform StellarExpert, claims that the daily active accounts (DAA) for…

Tether and Bitfinex confirm USDT is not fully backed by fiat, only 74% of tethers backed with cash

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Legal representatives for Bitfinex and Tether confirm the widely held suspicion that USDT is not one-to-one backed by US dollars. Court documents confirm tethers are only 74 percent backed, and those holding tokens are “subject to the risk of default, insolvency, inability to collect, and illiquidity.” Coming Untethered In February of 2019, Tether updated the…

Upcoming block reward halving could give Litecoin a boost

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Litecoin (LTC), one of the earliest Bitcoin forks, is only 100 days away from a block reward reduction event that plans to make it harder for the tokens to be mined—which could make the circulating supply of LTC more valuable. The Halving Event Much like bitcoin, from time to time Litecoin goes through a fixed…

Bitcoin confirmed transactions per day approach 2017 highs, is the crypto market recovering?

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Bitcoin (BTC), the world’s largest cryptocurrency by market cap, has experienced a steady increase in its market valuation since the low of Dec. 17, 2018 which may be correlated to the strong growth in the number of confirmed transactions on its blockchain—reaching levels not seen since the peak of the market in 2017. Bitcoin’s Network…