Category: BTC

Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries

February 26, 2021

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Since the start of 2021, the price of Bitcoin (BTC) has been chasing new highs on a weekly and daily basis. On Feb. 21, BTC reached a new all-time high of $58,300. However, an interesting phenomenon is that even with many global cryptocurrency exchanges in existence, BTC’s price can still vary greatly depending on geography. […]

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Bitcoin prints biggest hourly candle in history after BTC rebounds strongly to $54K

February 22, 2021

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Bitcoin (BTC) fell below $50,000 on Feb. 22 as a correction gathered pace at Wall Street’s opening to deliver 20% daily losses prior to a strong response from the bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Bitcoin loses $6,000 in minutes Data from Cointelegraph Markets and TradingView shows BTC/USD falling heavily during Monday trading, hitting […]

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Bitcoin price crashes below $48K, but is the bull market in danger?

February 22, 2021

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Bitcoin’s (BTC) price has been grinding up nicely over the past few weeks, but the past 24 hours have seen a significant correction. BTC price dropped by over $10,000 from $58,000 to under $48,000, a correction of almost 20%. This pullback — which many anticipated as 28,000 BTC was deposited to Gemini — also caused other cryptocurrencies […]

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Bitcoin price eyes $63K next as rising BTC dominance puts altcoins at risk

February 17, 2021

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The current Bitcoin (BTC) price bull run seems almost unstoppable right now as BTC has just notched another new high on Feb. 17. The psychological barrier of $50,000 finally broke yesterday after multiple tests of this level in the previous week. In addition, banks are revealing their interest in BTC and more public companies are starting to […]

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Bitcoin volatility lower than 2017 levels as price smashes $51K

February 17, 2021

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Bitcoin volatility is not at the same level seen during the 2017 bull run, but analysts still say lower price swings are necessary to maintain upward momentum. 6789 Total views 38 Total shares Bitcoin (BTC) has hit a new high above $51,300 in a continuation of its bullish advance that begun in October 2020. According […]

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$1.89B liquidated: Why did Bitcoin and ETH price correct sharply overnight?

February 15, 2021

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In the last 24 hours, $1.89 billion worth of futures positions have been liquidated after Bitcoin (BTC) and Ether (ETH) sharply fell, with BTC reaching below $46,000 on Binance. BTC/USDT 15-minute price chart (Binance). Source: TradingView.com Most of the liquidations came from Bitcoin and Ether, which accounted for $555 million and $336 million, respectively. But […]

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Bitcoin must cost 10X more with 10X less utility to match tulip mania — Investor

February 15, 2021

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Bitcoin (BTC) and cryptocurrencies look nothing like the tulip mania of the 17th century, even after their rapid gains, one macro investor says. In a tweet on Monday, Dan Tapeiro, co-founder of 10T Holdings, argued that in terms of price relative to average income, Bitcoin and Ether (ETH) still have a long way to go […]

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Bitcoin ‘supercycle’ may emerge in 2021 as Fed balance sheet hits new record high

February 12, 2021

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Bitcoin (BTC) is looking increasingly like it is in a “supercycle,” not just a bull cycle, statistician Willy Woo suggests. In a Twitter exchange on Feb. 12, the popular analyst joined Dan Held, growth lead at U.S. exchange Kraken, calling the current BTC market a bull run like no other. Woo: Retail has arrived Held […]

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Bitcoin hits $43K all-time high as Tesla invests $1.5 billion in BTC

February 8, 2021

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A filing with U.S. regulators confirms that Tesla is on board for Bitcoin payments in future. 25748 Total views 1092 Total shares Bitcoin (BTC) jumped by almost $3,000 in minutes on Feb. 8 as reports emerged that Tesla had bought $1.5 billion worth of BTC. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price soars […]

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Synthetic dreams: Wrapped crypto assets gain traction amid surging market

January 17, 2021

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Amid all the excitement of crypto’s biggest bull run in history, some assets have been outperforming even the current high-performing market. In particular, Synthetix (SNX) has been on an epic tear, leading the growth of the whole niche.  The news of a Coinbase listing in December helped account for some of this. However, at the […]

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