Bitcoin Dominance Rate (BTCD) Falls Back Near Yearly Lows

The Bitcoin dominance rate (BTCD) was very close to reaching a new yearly low but it has bounced back some in the short term. The post Bitcoin Dominance Rate (BTCD) Falls Back Near Yearly Lows appeared first on BeInCrypto.

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Realized Losses Record Third Highest Yearly Value – Bitcoin (BTC) On-Chain Analysis

BeInCrypto takes a look at BTC on-chain indicators, more specifically the Net Realized Profit Loss (NRPL) indicator. The post Realized Losses Record Third Highest Yearly Value – Bitcoin (BTC) On-Chain Analysis appeared first on BeInCrypto.

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Bitcoin Dominance Rate (BTCD) Approaches New All-Time Low

The Bitcoin dominance rate (BTCD) is very close to its yearly lows, and could potentially break down further, leading to a new all-time low. The post Bitcoin Dominance Rate (BTCD) Approaches New All-Time Low appeared first on BeInCrypto.

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Bitcoin Dominance Rate (BTCD) Falls, Leading to Gains for Altcoins

The Bitcoin dominance rate (BTCD) is approaching its yearly lows and could eventually fall towards a new all-time low below 35% The post Bitcoin Dominance Rate (BTCD) Falls, Leading to Gains for Altcoins appeared first on BeInCrypto.

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Bitcoin Mining Metrics Continue To Spike In Most Profitable Year Ever

The Bitcoin mining sector has seen some major ups and downs in 2021. Cast out from China, a former hub for this activity until very recently, the network’s hashrate dropped it’s yearly low and has been recovering ever since.

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Public mining firm Riot Blockchain more than triples its yearly Bitcoin production

As China’s crackdown on crypto including crypto mining, US-based public listed mining firm Riot Blockchain has more than tripled its yearly mined Bitcoin. Riot revealed this during a press release on Wednesday (Oct.

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How Shrinking Short-Term Supply Of Bitcoin Is Affecting The Asset’s Price

This year has been marked by numerous lows for bitcoin. The digital asset has seen yearly lows in the exchange reserves, transaction fees, and now, the short-term supply of bitcoin is down. The short-term supply has been shrinking for the past year.

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AMC to Accept ETH, Litecoin, BCH

AMC, America’s biggest theatre chain with some $5 billion in yearly revenue, is to accept ethereum, litecoin and bitcoin cash in addition to bitcoin. Clarifying after their announcement they will...

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Moneygram, Western Union Could Lose Nearly Half A Billion Dollars Yearly, Courtesy Of El Salvador Adopting Bitcoin

The new bitcoin law that recognizes the most valuable cryptocurrency by market valuation, as legal tender in El Salvador may be putting some of the biggest finance firms providing financial services in the country out of business.

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Dead Cat Bounce Forecast Puts Bitcoin Price At A Possible $20,000 Yearly Low

Bitcoin investors were on Tuesday met with a surprise short-notice setback after the price dropped 15% in under one hour. The drop from $52,500 to below $44,000 on Tuesday saw billions of value wiped off of crypto markets despite the slight recovery to $46,085.

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The First Nation-State Purchases Bitcoin to Save $400 Million Paid Yearly in Commissions

El Salvador’s Bitcoin law has come into force on Tuesday following its announcement in June, and it has officially become the first nation in the world to adopt the cryptocurrency as a legal tender alongside the US dollar.

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Why Cardano Must Hold $1.25 To Chase Off The Bears, Says Legendary Trader Peter Brandt

Cardano follows the general sentiment in the market and has seen appreciation over the past weeks. Although Bitcoin, Ethereum, and other major cryptocurrencies have been in a red market for months, ADA has displayed resilience staying well above its yearly open.

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A Generational Bitcoin Buy Signal Is Almost Back

Bitcoin price has made a decent recovery from the lows put in around $28,888 and the yearly open, but still has ways to go to catch up the all-time highs. A buy signal could trigger just days from now, according to the creator of the tool – crypto expert and founder of Capriole Investments Charles Edwards.

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Cash App Bitcoin Revenue Rose 200% In Q2 As Demand Grows

Square’s Cash App has reported that the platform saw a 200% increase in Bitcoin revenue. This comes despite Square suffering a $45 million impairment from its Bitcoin investment. Yearly revenue reports saw Cash App’s revenue go from $875 million to $2.

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Square’s Bitcoin Revenue Tops $2.72 Billion in Q2 and Reports Impairment Loss of $45M

Twitter co-founder and CEO Jack Dorsey’s Square reported another profitable quarter with its Bitcoin yearly revenue surging 200% year over year to $2. 72 billion from $875 million. Bitcoin gross profit meanwhile rose from $17 million to $55 million.

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ADA Near Oversold Levels, Why Cardano Could Retake Previous Highs

Cardano (ADA) has been one of the most resilient coins in the crypto market. While Bitcoin has experienced a 50% correction and has revisited the yearly open, ADA has traded well above its previous lows.

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Bitcoin Volume Continues To See Yearly Lows As Price Struggles To Recover

Bitcoin’s seven-day average trading volumes have continued to remain low, as the seven-day average trading volumes only reaching $3 billion. This comes on the heels of the digital asset seeing declining volatility in the market.

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Bitcoin bulls defend yearly open after BTC price rebounds 5.5% from $29K

Bitcoin rebounds after going full circle in 2021 to almost — but not quite — hit its Jan. 1 opening price.

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As Bitcoin’s Yearly Inflation Rate Dips to 1.77%, BEA Data From May Shows US Inflation Fears Are Legitimate

The U. S. economy is looking stagnant according to data stemming from the Bureau of Economic Analysis, as core personal consumption expenditures (PCE) jumped 3. 4% in May from a year prior. The recent PCE spike is the highest year-over-year basis change since 1992 and the statistic is fueling inflation concerns.

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Bitcoin’s Hashrate Falls to a Yearly Low

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Bullish case for Ethereum strengthens as exchange ETH outflows outpace Bitcoin

Ether exchange reserves are falling quickly, with outflows hitting yearly highs and boosting market sentiment around ETH.

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UK jet firm: 19% of travellers paid for tickets in Bitcoin

Bitcoin has come a long way... gone are the days when people used BTCs to buy pizzas! Recently, a UK-based private airline firm said that it received 19% of its yearly revenues from customers who paidThe post UK jet firm: 19% of travellers paid for tickets in Bitcoin appeared first on AMBCrypto.

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Bitcoin Sets Fresh Record Above $50K Pushing Yearly Gains to 69%

Bitcoin reached a new all-time high of $50,001.35 Tuesday morning, just days after breaking above $48,000.

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Altcoins move higher as Bitcoin bull flag points toward $50K BTC price

Select altcoins continue to hit new yearly highs, while a bull flag on Bitcoin suggests traders are preparing for a run at $50,000.

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Charted: Chainlink (LINK) Steadies above $24, Fresh Increase To $27 Likely

Chainlink (LINK) traded to a new yearly high near $27. 00 before correcting lower, similar to bitcoin and Ethereum. The price is now holding a major support at $24. 00 and the 100 SMA (H4). Chainlink token price started a downside correction from the $27.

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Bitcoin: Another reason why it's due for a correction

Bitcoin's price might due for another correction after CryptoQuant's Exchange Whale Ratio hit 0.87, a level last seen when BTC dipped to its yearly open at $28,956. While Bitcoin did see a surge yesteThe post Bitcoin: Another reason why it's due for a correction appeared first on AMBCrypto.

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Will altcoins be more than a means to Bitcoin's end?

Although Bitcoin dipped to its yearly open as predicted, some altcoins seem to be doing well, especially DOT, LTC, SUSHI, & LINK, among others. With Bitcoin gaining mainstream attention, it is onlThe post Will altcoins be more than a means to Bitcoin's end? appeared first on AMBCrypto.

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Why the Asian session holds the key to Bitcoin's price drop

Bitcoin's price seemed to have recuperated as it bounced off the yearly open at $28,956. However, on-chain indicators are suggesting that this expansion was a fluke. In fact, buyers with no real volumThe post Why the Asian session holds the key to Bitcoin's price drop appeared first on AMBCrypto.

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Blockchain Bites: Bitcoin Trades Sideways as US Inflation Is Muted

The line of sight on U.S. inflation is anything but clear after the Labor Department reports the CPI's smallest yearly gain since 2015. So what does it mean for bitcoin?

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Ethereum Flips Bitcoin in Yearly Network Fee Generation

It can be complicated to determine the underlying value of a blockchain-based network, especially when it has no traditional underlying assets to help guide the valuation. The transaction fees generated can, however, be a solid indicator of network activity.

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DOGE takes flight: Meme coin records a yearly growth of more than 500%

Dogecoin (DOGE), a cryptocurrency whose founders created as a parody to an internet meme dubbed doge, performed well over the past year. While bitcoin (BTC) breached past is 2017 ATH and set new highs in 2020 and surged further in the new year, many altcoins failed to hit their previous ATH.

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Bitcoin Fractal Sees Price Crashing to $20K as Price Hits Record High

First spotted by Jacob Canfield, an independent market analyst, the fractal highlights Bitcoin's tendency to fall towards its 21-week exponential moving average or yearly support after reaching its all-time high.

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Christmas Eve Data: Ho-Ho-Holders of 1 Bitcoin Or More Grow Year Over Year

With Bitcoin price well over $20,000, chances are the cryptocurrency will be a topic during holiday dinner table discussions once again this year. Investors in “digital gold” in 2020 are especially merry right now, after a 500% rally from yearly lows.

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Grayscale Buys 13x of Bitcoin’s New Supply; 7% More than Last Week’s Purchase

GBTC premium breaks mid-February high to make a new yearly high at 41%. The post Grayscale Buys 13x of Bitcoin’s New Supply; 7% More than Last Week’s Purchase first appeared on BitcoinExchangeGuide.

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Investment Bank Buys Bitcoin, Says it is Now “Part of the System”

An investment bank with $3 billion in yearly revenue and some $50 billion in assets under management now holds bitcoin in its long only portfolio for pension funds. Christopher Wood,...

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American Insurance Giant Buys $100 Million Bitcoin

One of the biggest insurance company in the world with $675 billion in assets under management and $30 billion in yearly revenue, has bought $100 million worth of bitcoin. “Our...

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Asia’s Banking Giant Gets Greenlight For Bitcoin and Ethereum Exchange

One of Asia’s biggest bank with half a trillion in assets under management and $10 billion in yearly revenue, has announced they have received an “in-principle approval by the Monetary...

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Coingecko Crypto Market Report Highlights Bitcoin’s Reign In November; DEX Use Dropped 15%

The month of November was a successful one for cryptocurrency bulls as the price of Bitcoin (BTC) set an all-time high, pushing up the altcoin market along with it. In its monthly report, Coingecko, a crypto data analysis firm, states that the overall crypto market capitalization hit a yearly high of $554 billion in November […] The post Coingecko Crypto Market Report Highlights Bitcoin’s Reign In November; DEX Use Dropped 15% first appeared on BitcoinExchangeGuide.

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TA: Bitcoin Correcting Gains, Why 100 SMA Could Trigger A Larger Decline

Bitcoin price formed a new yearly high close to $20,000 before correcting lower against the US Dollar. BTC could accelerate its decline if there is a clear break below the 100 hourly SMA. Bitcoin is currently correcting lower below the $19,500 and $19,000 levels.

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J.P. Morgan Analysts Foreshadow Further Bitcoin Declines

For context, the bitcoin (BTC) price started off last week with a significant increase, arriving at a new yearly high of $19,500 before suffering a sharp (almost 14%) drop on Nov. 26. The decline coincided with Black Friday, as BTC/USD fell at roughly the same time as the famous discount shopping day, leading many to … Continued The post J.

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Bitcoin: Why corrections weren't unexpected

The world's largest cryptocurrency, Bitcoin, was roaring and climbing towards its all-time high until a few days ago. In fact, BTC climbed to a yearly high of $19,490 after it managed to surge by 42%.

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Google Trends shows ‘Bitcoin’ searches at 2020 high as BTC tops $19.4K

Google Trends data show searches for ‘Bitcoin’ rose to a yearly high as BTC price rallied to $19,400.

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Bitcoin Explodes to New Yearly Highs at $18,700 Amid Wall Street Support

Bitcoin is exploding higher once again after consolidating under $18,000 for a number of days. The leading cryptocurrency just minutes ago passed $18,700 for the first time since the top of the previous bull market in 2017.

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Three Reasons Bitcoin Just Hit New 2020 High of $18,700

Bolstered by Ethereum's rally and gold's recovery, Bitcoin has surged to a new yearly high of $18,737

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Bitcoin mining revenue hits yearly high, after return to pre-halving levels

Bitcoin mining revenue has topped $20 million per day, its highest level this year.

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Bitcoin aims for $19,000 as FOMO kicks in

Bitcoin made headlines after rising to a new yearly high of $18,500 on Wednesday, November 18th. As market participants appear to be entering a state of FOMO, on-chain data reveals that there is more room to go up before a correction materialises.

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Litecoin (LTC) Surges 20% Higher as Bitcoin Pushes to New Yearly Highs

Litecoin has been one of the best-performing assets of the past 24 hours. The long-standing cryptocurrency has gained 20% in the past 24 hours, outpacing Bitcoin’s 5% gains and Ethereum’s 3% run.

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Bitcoin Eyes New Yearly Highs, Buy Pressure Skyrockets

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Research: real Bitcoin volume explodes to 2020 high, but greed takes over

According to Arcane Research, the “7-day average daily real bitcoin volume” hit a yearly high. The post Research: real Bitcoin volume explodes to 2020 high, but greed takes over appeared first on CryptoSlate.

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