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Bitcoin

BYND Bitcoin: Beyond Meat & BTC/USD Are Trading In Perfect Sync

Beyond Meat stock and Bitcoin are trading in an almost identical pattern. Both BYND and BTC/USD have been accused of being bubbles, in the past and neither will like the comparison with the other. Wall Street doesn’t seem to care. Beyond Meat (NASDAQ: BYND) and Bitcoin (BTC/USD) have both enjoyed the strong rally since markets…

The Real Reason Why Bitcoin Had Its Worst Crash in 7 Years

Bitcoin plunged by nearly 40% in the last 24 hours. The brutal stock market selloff is killing other asset classes. Bitcoin’s safe-haven and uncorrelated asset narratives have been thrown out of the window. Bitcoin has a history of heart-stopping volatility but they all pale in comparison to what happened in the last 24 hours. The…

Bitcoin Crashes Along With U.S. Stocks, Exposing ‘Haven’ Myth

Bitcoin’s price touched an intraday low of $8,620.00, its worst showing in a month. The sudden drop follows a chaotic two days for U.S. stocks, as the Dow crashed almost 2,000 points over that stretch. Gold has rallied in the wake of the stock-market collapse while bitcoin has languished. Bitcoin’s price declined sharply on Wednesday,…

$10,000 Bitcoin Looks Imminent Based on This One Crucial Chart

Bitcoin’s price is eyeing an imminent return to $10,000. A key technical formation suggests a prolonged bull market is possible. Bitcoin-gold correlation continues to strengthen. After rallying to five-month highs on Friday, bitcoin’s eventual return to $10,000 and beyond appears highly likely. The bullish bias has a lot to do with the technical charts after…

Bitcoin to Repeat 2017 Bull Run Based on This Key Metric: Analyst

Research firm Glassnodes came up with a new metric to gauge bitcoin adoption. The growth of this new metric appears to coincide with recent bitcoin rallies. It appears that conditions are right for this metric to breakout and possibly foreshadow the next bull run. Bitcoin bulls have a lot of reasons to be excited. On…

‘Safe Haven’ Bitcoin Rockets Toward 3-Month High; Up 32% YTD

Bitcoin (BTC) peaks at $9,429.99, its highest in almost three months. At its highest point Wednesday, the largest cryptocurrency was up 32% year-to-date. Bitcoin is behaving a lot like a “safe haven” asset, according to Fundstrat’s Tom Lee. Bitcoin’s price rallied to nearly three-month highs on Wednesday, as the largest cryptocurrency continued to demonstrate risk-off…

Hash War Looms as Bitcoin Cash Tax Drama Explodes

An anonymous group of miners announced plans to hardfork a new bitcoin cash blockchain if tax on miners isn’t removed. Group claims to control 42% of the BCH hashrate, with plans to expand it to 2.5 exahash per second by the May 15 fork date. A repeat of 2018 costly hash war could be on…

Bitcoin Beats Gold in Safe Haven Battle as Coronavirus Death Toll Rises

Bitcoin’s price comes within a hair of $9,000 en route to its highest level in over a week. Bitcoin’s correlation to gold flips positive, according to Bloomberg. Fears of a coronavirus pandemic put a damper on stocks and other risk assets. Bitcoin launched toward $9,000 on Monday, as the spread of coronavirus forced investors to…

It’s (Nearly) Over $9,000: Is Bitcoin’s Halving Finally Being Priced In?

Bitcoin may target $18,000 if past halving performance plays out. In the immediate term, bitcoin must overcome $9,000. BTC price briefly overtakes that level Friday. Analysts, traders and crypto enthusiasts all over the globe are cheering on bitcoin as it looks to overcome $9,000. But is this the start of something bigger? Is bitcoin finally…

Bitcoin SV’s Craig Wright Bites Back: “I Gave Kleiman Lawyers Nothing”

Bitcoin SV creator says Kleiman estate will find nothing in the 16,000-plus document cache he submitted to courts on Jan. 14. Court filing confirms that no new information came to light regarding a bonded courier, or the private keys to Satoshi’s fortune. Wright said 2020 would be the year when reality comes back to bite…