Day: June 22, 2019

Bitcoin: Analysts Call $11,500 Top For Latest BTC Surge, Will it Happen?

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After months of anticipation, Bitcoin (BTC) finally broke past $10,000 on Friday, registering an astounding 11% gain. As of the time of writing this, buying momentum has slowed, as made apparent by BTC’s rejection of $11,200 and the subsequent sell-off to $10,300. As a result, some have already begun to postulate about where this current upswing will end, meaning where Bitcoin will peak prior to a retracement. Interestingly, a number of analysts are settling on one, paramount price point — $11,500. Here’s why. Related Reading: After Surging Past $10k Bitcoin…

Surprising Google Data Hints at Tantalizing Bitcoin Moonshot

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Published: 22/06/2019 16:45 ET. Journalist: By CCN Markets: Since early 2019, search engine interest for the keyword “bitcoin” has nearly doubled, according to data from Google Trends. However, with consumer interest still down nearly 90 percent from its all-time high, there’s a strong possibility the crypto boom has more room to run. Google: Bitcoin Searches Still Down 88% from 2017 Peak The sharp fall in the bitcoin price from above $6,000 to $3,150 in December 2018 led many investors to despair. Others simply lost interest, leading to a mammoth decline…

Surprising Google Data Hits at Tantalizing Bitcoin Moonshot

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By CCN Markets: Since early 2019, search engine interest for the keyword “bitcoin” has nearly doubled, according to data from Google Trends. However, with consumer interest still down nearly 90 percent from its all-time high, there’s a strong possibility the crypto boom has more room to run. Google: Bitcoin Searches Still Down 88% from 2017 Peak The sharp fall in the bitcoin price from above $6,000 to $3,150 in December 2018 led many investors to despair. Others simply lost interest, leading to a mammoth decline in crypto-related search queries. The…

Ethereum (ETH) Hits $307 Amid Bullish Serenity, Grayscale News

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ETH Rallies Alongside Bitcoin The crypto community is absolutely euphoric. Both Bitcoin (BTC) and Ethereum (ETH), two of the largest cryptocurrencies, have been rallying over the past few days. Over the past day, according to Coin Market Cap, Ethereum is up 5.5%, pushing $309 for the first time in over ten months. Bitcoin has followed suit, posting an even more impressive 7.5% gain as it looks to find a short-term foothold around $10,600. Interestingly, many large and small cap cryptocurrencies have slightly underperformed these two market leaders. Litecoin, Binance Coin,…

Will PwC’s New Software Solve the Cryptocurrency Auditing Problem?

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Earlier this week, Big Four firm PwC announced the release of a cryptocurrency auditing software solution. According to the multinational professional services network, its Halo auditing suite has now been updated to accommodate “entities engaging in cryptocurrency transactions.” The new tool reportedly allows PwC to establish crypto asset ownership and gather information about transactions and balances from blockchains. While it is currently unclear whether Halo will now be picked up by cryptocurrency-related businesses, PwC’s move seems to mark another landmark step for the industry. Specifics of auditing in the crypto…

Why Analysts Think Bitcoin (BTC) Will Rally to $11,500 But Fall to $8,300

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Bitcoin (BTC) has been on an absolute tear as of late. After wallowing under $8,000 a few weeks back, the cryptocurrency has embarked on yet another rally, quickly moving past $9,000, to $10,800, where it stands as of the time of writing this. With this, BTC is up over 20% within a week’s time, marking one of the best weekly performances seen this year. While BTC has shown signs of temporary weakness, as made evident by rejection at the $11,200 mark and a rapid sell-off to $10,300, some suggest that…

Why Analysts Think Bitcoin (BTC) Will Rally to $11,500 But Fall to $8,300 –

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Bitcoin (BTC) has been on an absolute tear as of late. After wallowing under $8,000 a few weeks back, the cryptocurrency has embarked on yet another rally, quickly moving past $9,000, to $10,800, where it stands as of the time of writing this. With this, BTC is up over 20% within a week’s time, marking one of the best weekly performances seen this year. While BTC has shown signs of temporary weakness, as made evident by rejection at the $11,200 mark and a rapid sell-off to $10,300, some suggest that…

Price Analysis 22/06: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA

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Bitcoin touched $11,000. Can a breakout above it result in FOMO? What are the targets to watch out for? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin’s dominance has reached 58.6% and its rally has helped the total market capitalization of cryptocurrencies cross $325 billion. This rise has been backed by an…

Russian Ministry of Finance Considers Allowing Cryptocurrency Trading

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A representative of the Russian Ministry of Finance (MinFin) says the ministry is considering allowing cryptocurrency trading, Russian news service Interfax reported on June 21. Per the report, the Deputy Minister of Finance Alexei Moiseyev told journalists on Friday that, while MinFin had reached no final decision, cryptocurrency trading may be allowed in the coming bill on the circulation of cryptocurrencies in the Russian Federation. A bill prohibiting the use of crypto assets as a means of payment in the Russian Federation passed in May of last year. Anatoly Aksakov,…

Florida’s Riviera Beach Authorities Set to Pay Hackers over $650,000 in Bitcoin

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Riviera Beach, a tiny city of roughly 35,000 people located just north of West Palm Beach in Miami, Florida, has been crippled by a deadly ransomware attack and the leaders of the city have agreed to cough out a whopping 65 bitcoin (over $650,000 at press time) to regain their files, according to a New York Times report on June 19, 2019. Riviera Beach Fall Victim to Ransomware Attack Per sources close to the incident, these are hard times indeed for the government of Riviera Beach, as the city’s entire…