Day: July 4, 2019

Buy Bitcoin? Trump Says US ‘Should Match’ China’s Money Printing Game

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United States President Donald Trump has proposed the U.S. should ‘MATCH’ Chinese and Euoropean currency manipulation, sparking a dip in the greenback’s value.  The president shared his thoughts in a tweet published on July 3: “China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games – as they have for many years!” The renewed attack comes despite the…

Buy Bitcoin? Trump Says US ‘Should Match’ China’s Money Printing Game

boss

United States President Donald Trump has proposed the U.S. should ‘MATCH’ Chinese and Euoropean currency manipulation, sparking a dip in the greenback’s value.  The president shared his thoughts in a tweet published on July 3: “China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games – as they have for many years!” The renewed attack comes despite the…

US Dominates Crypto Twitter While Venezuela ‘Most Negative’

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Accounting for almost 40% of bitcoin tweets worldwide, the United States looms large over crypto twitter.  According to a new thread of tweets, published July 3, by crypto data and infrastructure provider The TIE, overall 38.9% of total bitcoin tweets come from the U.S. Another 10.5% come from the UK. The top five countries generating bitcoin discussion on Twitter are the U.S., U.K., Canada, Turkey and India, the TIE reveals. In an analysis of how far that social media sentiment is positive, the TIE has found that — in order…

Blockstream Introduces Atomic Swaps on Liquid Bitcoin Sidechain

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Blockstream created an ‘experimental’ tool that enables users to trade ‘trustlessly’ between tokens launched on its local Liquid sidechain. According to their tutorial published on Medium, Liquid Network (LN) users can now generate Bitcoin Lightning payment channels using c-lightning. That development is a noteworthy milestone as Liquid users can now make Liquid-Bitcoin (L-BTC) transactions instantly and privately. Plans are underway to extend this feature to cover other assets on the Liquid sidechain including fiat tokens and tokenized stocks. The platform is known as Liquid Swap Tool. It uses ‘atomic swaps’…

Bitcoin Price Breaches $12,000 As Analysts Declare ‘Bear Trap’ Complete

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Bitcoin (BTC) continued defying expectations to retake $12,000 on July 4 as analysts increasingly compare its performance to 2017’s parabolic rise.  Market visualization courtesy of Coin360 Data from Coin360 showed BTC/USD retracing slightly to $11,680 after hitting $12,025, continuing a rebound which began on Tuesday.  Bitcoin’s behavior had surprised most earlier in the week, after a bearish move downwards to just $9,700 suddenly U-turned, mushrooming into fresh growth.  Now, charts are looking increasingly like a repeat of bitcoin’s progress in the second half of 2017, regular trader Filb Filb says. …

Bitcoin Price Breaches $12,000 As Analysts Suggest ‘Bear Trap’ Complete

boss

Bitcoin (BTC) continued defying expectations to retake $12,000 on July 4 as analysts increasingly compare its performance to 2017’s parabolic rise.  Market visualization courtesy of Coin360 Data from Coin360 showed BTC/USD retracing slightly to $11,680 after hitting $12,025, continuing a rebound which began on Tuesday.  Bitcoin’s behavior had surprised most earlier in the week, after a bearish move downwards to just $9,700 suddenly U-turned, mushrooming into fresh growth.  Now, charts are looking increasingly like a repeat of bitcoin’s progress in the second half of 2017, regular trader Filb Filb says. …

Bitcoin Could See FOMO Fireworks For 4th of July: New Report

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A new report from crypto analytics site SFOX suggests bitcoin (BTC) could see a price hike on American Independence Day — July 4th.  In a July 3 blog post, SFOX analyzes the apparent impact that holidays can have during a crypto bull market, arguing that they appear to spark fresh FOMO — or fear of missing out: “Thanksgiving of 2017 marked the beginning of bitcoin’s run-up from the low $8000’s to its peak of almost $20,000 on December 17th […] in February of 2019 during the two week Spring Festival…

Bitcoin (BTC) and Ether (ETH) Market Update: July 4, 2019

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The total crypto market cap added $2 billion to its value since Monday, July 1, 2019, and moved up to $331 billion. The top ten coins are all in red for the last 24 hours with Cardano (ADA) and Litecoin (LTC) being the worst performers with 3.6 and 2.2 percent in respective losses. At the time of writing, bitcoin (BTC) is trading at $11,680 on the Bitstamp daily chart, while ether (ETH) stands at $294, and Ripple’s XRP dropped down to $0.398. BTC/USD Bitcoin closed the previous week at $10,750…

CME Registers Record Surge for Its Bitcoin Futures Sign-Ups in June

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The CME Group has seen a massive surge in open interest for Bitcoin Futures contracts that also hints towards rising institutional participation. Last month of June was pretty good for Bitcoin investors. The price of the world’s largest cryptocurrency surged to its 2019-high moving close to $14,000 but finally correcting last week. June also turned out to be a record-breaking month for Bitcoin Futures provider the CME Group which witnessed a massive surge in open and new account sign-ups on its platform. The CME Group started offering its Bitcoin Futures…

Pompliano 75% Confident Bitcoin Price is $100,000 by End of 2021

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Anthony “Pomp” Pompliano — co-founder of crypto asset management firm Morgan Creek Digital Assets — predicts bitcoin (BTC) will hit $100,000 by the end of 2021.  In an interview with BloxLive.tv on July 2, he said the basic principle behind his forecast was classic supply-demand economics — still valid for the innovative digital asset class.  One of the largest drivers of continued price appreciation will be bitcoin’s halving — when mining rewards will be reduced by half — in May 2020, he said. Meanwhile, most institutional investors aren’t even aware…