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A Bitcoin Plunge To $8,000 On The Horizon, As Bulls Show Weak Hands 01/24/2020 05:28 Bitcoin price failed to stay above the key $8,500 support area and extended its decline against the US Dollar. BTC price is likely to continue lower towards $8,000 or $7,880. Bitcoin started a strong corrective decrease from the $9,200 resistance area. The price broke the key $8,500 and $8,470 support levels to move further into... The post appeared first on NewsBTC. Ripple (XRP) Is Plunging And Here's Why It Could Retest $0.20 01/24/2020 04:28 Ripple extended its decline and broke the key $0.2270 support against the US Dollar, similar to bitcoin below $8,500. XRP price is now at a risk of more losses towards $0.2050 or $0.2000. Ripple price is gaining bearish momentum and it is now well below $0.2300 against the US dollar. The price is trading near... The post appeared first on NewsBTC. Ethereum Just Broke $160 And It's Vulnerable to a Larger Decline Below $155K 01/24/2020 03:36 Ethereum price is declining and it recently broke the $160 support, similar to bitcoin. ETH price is likely to continue lower below the $158 and $155 support levels in the near term. Ether price is showing a few bearish signs below the $162 level against the US Dollar. The bears seem to be in control... The post appeared first on NewsBTC. Five Years of Bitcoin Trendlines All Lead to This One Point; "Fireworks" Inbound 01/24/2020 01:02 Since Bitcoin's genesis block was first mined, the cryptocurrency has been caught within a whirlwind that has allowed BTC to post gains that defy historical precedent. Although the past couple of years have tempered the excitement surrounding the cryptocurrency, it is important to note that multiple bullish factors are fast approaching on the horizon, and... The post appeared first on NewsBTC. Ripple Slowing XRP Sales Could Be a Catalyst for a Massive Price Surge 01/23/2020 23:00 XRP – the cryptocurrency with close ties to fintech company Ripple – had a rough 2019, posting yearly losses of over 40% that came about in tandem with a general rise seen by Bitcoin and other cryptocurrencies. Many analysts and investors alike had pinned the crypto's bearishness on Ripple's quarterly token sales, which appeared to... The post appeared first on NewsBTC. Fear of Mining 'Death Spiral' Blocks Path to $100,000 Bitcoin 01/23/2020 22:00 Bitcoin will undergo its third halving event to date this May. The supply of new BTC released to miners with each block will reduce by half to 6.25 BTC. The impact of the event has been the source of much debate in the industry. For one analyst, lack of understanding may be hindering Bitcoin's rise... The post appeared first on NewsBTC. Bitcoin Reaches 'Logical' Support As Volatility Wanes, Explosive Move Incoming 01/23/2020 21:00 After Bitcoin price rocketed last month from lows around $6,400, the crypto asset touched over $9,000 before falling lower to what a well-known financial market analyst says is "logical support." Meanwhile, a tool designed by the analyst suggests that volatility in the Bitcoin market is reaching bear market lows, potentially signaling that an exceptionally explosive... The post appeared first on NewsBTC. Tether Launches Gold-Backed Crypto, Do You Trust Them with Your Bullion? 01/23/2020 20:00 Controversial cryptocurrency startup Tether has just announced the launch of a new crypto asset. The latest product from the company that brought the market market US Dollar Tether (USDT) is a supposedly gold-backed digital token. Tether Gold reportedly backs the tokens with physical gold stored in a Swiss vault. However, given Tether's lack of transparency... The post appeared first on NewsBTC. Bitcoin May Stall for Six Months Before Any Major Rally; Factors & Trends 01/23/2020 19:00 Bitcoin's recent bout of sideways trading around the $8,600 region has resulted in a massive bear-favoring movement, with BTC now plummeting down towards the lower-$8,000 region. This movement has completely altered the sentiment amongst investors, with many analysts now claiming that the crypto will see significantly further losses as $9,200 begins to look increasingly like... The post appeared first on NewsBTC. May 2020 Will See Bitcoin Become Major Competitor to World Currencies: Economist 01/23/2020 18:00 Over the past decades, central banks like the Federal Reserve have failed to keep inflation rates stable. Bitcoin may benefit from this trend. After the cryptocurrency's upcoming halving, after which the coin will have "economically indisputable reasons" to become a legitimately competitive store of value versus other world currencies. Connection Between Halving and Inflation May... The post appeared first on NewsBTC. Update your subscription — Unsubscribe

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