Bitcoin Prices Closely Linked to Big US Tech Stock, Says Analyst

A fund manager has opined that there is a strong correlation between bitcoin (BTC) prices and the value of stocks in some of the United States most powerful IT giants – but warned that, like big tech stock, BTC might have to wait until the coronavirus pandemic has died down before its next big upward movement. Charlie Morris, a fund manager at Atlantic House, shared data that appears to demonstrate a close relationship between the price of bitcoin and the share price of tech companies often referred to as FAANG (Facebook, Apple, Amazon, Netflix, Google). In the analyst’s view, however, the…

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BTC Transaction Fees Drop to Pre-Halving Level

After a peak in transaction fees on the Bitcoin (BTC) network was seen less than a month ago, the fee paid to miners for processing transactions is now back at levels seen in April, a time well before the third halving in May. On Sunday, June 14, the median BTC transaction fee was USD 0.205, or 95% less than on May 20. Accordingly, yesterday, miners collected USD 154,000 in fees, compared with almost USD 1.9 million on May 20. However, their revenues about to experience another hit as mining difficulty is estimated…

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Eerily Accurate Crypto Analyst Says Bitcoin (BTC) Breakout to $150,000 Will Begin on This Date

One of the few cryptocurrency analysts to correctly call Bitcoin’s 2019 pullback says he believes BTC is gearing up to finally exit a long-term bear trend that began about two-and-a-half years ago. In a series of charts, Dave the Wave highlights Bitcoin’s movements inside a symmetrical triangle dating back to late 2017. Since Bitcoin failed to break above $10,300 earlier this week, Dave now expects BTC to reach a low of about $6,500 in September before it finally breaks out of the trend for good by April 15th of next…

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Bitcoin Prediction: Get Ready For A Price Drop Ahead Of The Halving – Here’s Why

The crypto market looks pretty bloody today, with the leading digital assets trading in the red. The most important coin in the crypto space is also trading in the red, and BTC is priced at $9,545.56 at the moment of writing this article. Bitcoin’s price ahead of the halving Despite the massive hype that we’ve seen in the crypto space ahead of the halving, there are two crypto analysts mentioned by the Daily Hodl who just said that the price of BTC may drop ahead of the process. Trader and tech analyst Rekt Capital…

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Bitcoin (BTC) Signals Spreading Across Reddit, Reports Crypto Analytics Firm

ChartStar, a crypto analytics firm, is mapping the number of times the word “bullish” is mentioned on Reddit related to the rising and falling price of Bitcoin (BTC). By analyzing the weekly closing price of BTC in 2020, ChartStar finds the number of mentions of the word “bullish” shows a visual correlation with Bitcoin’s price line through six out of seven weeks. ChartStar only counted each Reddit comment once, so that a comment with multiple “bullish” mentions won’t skew the results. In addition, when charting the number of overall comments on crypto…

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Bitcoin Price Currently at Pivotal Point, Research Suggests

The price of bitcoin (BTC) sits at a pivotal point where major support is found below it, and strong resistance above it, new research from blockchain analytics firm Into The Block suggests. In a Twitter thread, the company, which uses machine learning and advanced statistics in analyzing the market, shared new findings from a model referred to as “In/Out of the Money Around Current Price” (IOMAP), which it says “identifies the ten most relevant clusters of investor positions at a range of +-15% of the current price.” According to the model, 1 million bitcoin addresses…

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3 Ways Coronavirus May Have Affected Bitcoin

As coronavirus continues to spread mass panic around the globe, its impact on bitcoin is becoming more and more evident. Bitcoin’s rally has occurred almost in lockstep with the spread of coronavirus. Still, analysts are cautious to attribute the gains to the outbreak. | Source: Shuttersock. | Source: Shuttersock Is there a correlation between bitcoins price action and the coronavirus spread?  Virus-infected yuan placed in quarantine—Bitcoin fixes this.  Bitcoin mining takes a dive following China’s coronavirus clampdown. As coronavirus continues to spread mass panic around the globe, its impact on…

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How To Generate Bitcoins Without Mining In 2020

Are you a latecomer to the bitcoin rush in 2019? Unless you have deep pockets, getting your hands on some bitcoins these days is not that easy. Mining used to be the go-to method if you wanted to get your hands on bitcoins on a regular basis. But with competition heating up, the cost of bitcoin mining has also skyrocketed. But fear not, because there is a hack for pretty much every situation in life, and bitcoins are no different. Here are a few ways to generate bitcoins online without mining…

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The World’s Most-Used Cryptocurrency Isn’t Bitcoin

What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70% of all the digital-asset world’s market value, you’re probably wrong. What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70% of all the digital-asset world’s market value, you’re probably wrong. While concrete figures on trading volumes are hard to come by in this often murky corner of finance, data from CoinMarketCap.com show that the token with the highest daily and monthly trading volume is Tether, whose…

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Bitcoin (BTC) Price Rally Is Far From Over as Crypto Exchanges See No Increase in Deposits

Blockchain analytics firm Glassnode recently noted that cryptocurrency exchanges haven’t seen an upsurge in new deposits after the Bitcoin (BTC) price jumped to $10,000. Hence, there is a good chance that the biggest coin is yet to reach the top of its rally. MUST READBitcoin (BTC) Sees Sudden Spike in Newly Creates Addresses – READ MORE Bitcoiners refuse to cash out  The chart below shows that a rapid increase in the number of deposits to exchanges would historically mark the end of every bull trend. Back in January 2018, shortly after BTC reached its…

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