Bitcoin

Digital asset manager CoinShares is putting gold on the bitcoin blockchain. Working with wallet provider Blockchain and precious medal trader MKS (Switzerland) SA, the U.K.-based firm announced Tuesday a gold-backed network for trading tokens representing digitized physical gold, a project two years in the making. According to CoinShares, the network launches today with more than
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The Takeaway Bitcoin prices have more than doubled in 2019, far outpacing the 31 percent return for U.S. tech stocks, which Goldman Sachs deems the best-performing asset class year-to-date. Outsize returns could attract interest from big investors in the yield-starved traditional financial markets. Executives at data firm Messari say bitcoin prices, currently around $8,200, could
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New cases of Bitcoin fraud are back circulating the media. Back in May, the NYPD warned the public about Bitcoin scams, but that hasn’t stopped incidences of fraud from occurring. In the news this week, we have learned of two new Bitcoin fraud cases: one involves a Pennsylvania resident, and the other, interestingly enough, involves
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Over the years, cryptocurrency has developed at a remarkable pace, and an investment instrument like Bitcoin options would have been unthinkable even a few years ago. However, the march of Bitcoin, blockchain, and cryptocurrencies has been relentless. Hence, it is not really a surprise that options are at last going to be launched for the
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View BTC quickly fell to $9,600 this morning, bolstering the bearish setup on the 4-hour and daily charts. A deeper drop to key support at $9,454 may now be in the offing. A UTC close below $9,450 would confirm a downside break of a three-month-long contracting triangle and expose the 200-day moving average (MA) support
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Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. For a primer on crypto valuation concepts,
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View Bitcoin’s long-term bullish bias remains intact, with prices holding well above the historically strong support of the three-day chart’s 55-candle exponential moving average (EMA), currently at $8,972. The line served as a strong base in the 2016–2017 bull market. A bullish falling-wedge breakout on the 4-hour chart looks likely and could pave the way
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View Bitcoin’s drop from $10,949 to $9,855 (Wednesday low) may be a bear trap, as selling volumes have dropped throughout the price pullback. A widely-tracked 4-hour chart indicator is reporting a bullish divergence and the daily candlesticks are signaling seller exhaustion. BTC could rise above $10,270, confirming a falling wedge breakout on the 4-hour chart.
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Bitcoin’s value risks falling below the $10,000 USD psychological mark this week after making some strong gains last week. Bitcoin Dropped to $10,060 Today The world’s top cryptocurrency dropped to $10,060 this morning, which is the lowest valuation since September 2. Momentum last week saw BTC recover from falling below the $10,000 mark at the end
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View Bitcoin risks falling below $10,000 this week, having confirmed a high-volume bearish reversal on the daily chart on Friday. A break below $10,000 would expose key support levels lined up at $9,755 and $9,320. The bearish case would weaken if the cryptocurrency rises above $10,350 today, confirming a wedge breakout on the hourly chart.
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