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BTC Slips to $40,000, After Elon Musk, Chinese Central Bank Puts Pressure on Bitcoin

It’s a double whammy for Bitcoin (BTC) investors this week. After Elon Musk single-handedly crashing Bitcoin and the overall crypto market, the Chinese central bank PBoC gives another hammer blow. On Tuesday, May 18, the Chinese central bank warned local financial institutions and businesses from dabbling into cryptocurrencies. Bitcoin (BTC) and the overall crypto market

The post BTC Slips to $40,000, After Elon Musk, Chinese Central Bank Puts Pressure on Bitcoin appeared first on Coingape.

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Crypto Booms as BTC Reaches $61K Figure

Taking pride as one of the most powerful cryptocurrency projects, Bitcoin has survived as a high potential currency in the financial space, overcoming of the global economy’s uncertain dynamics. The outbreak of the COVID-19 pandemic took the economic and industrial sector on a roller coaster ride of volatility and severe breakdowns across countries. This was …

Why Selling Bitcoin at $61k Might be Mistake?

Bitcoin (BTC) smashed past $61,500 levels on Saturday, March 13 hitting its new all-time high with massive buyers’ inrush. It’s been a phenomenal journey for Bitcoin (BTC) from under $4.5K exactly a year back during the Covid market crash. As Bitcoin (BTC) enters price discovery with this latest surge, some indicators show that the price

The post Why Selling Bitcoin at $61k Might be Mistake? appeared first on Coingape.

Bitcoin (BTC) Whale Indicators Suggest the Worst Is Behind Us, Bull Run to Continue

Bitcoin (BTC) has surged past $51,000 levels and is 5% as of writing this article. At press time, BTC is trading at a price of $51,402 with a market cap of $945 billion. CryptoQuant CEO and popular Bitcoin analyst Ki-Young Ju points out that two major indicators suggest that the worst is behind us and

The post Bitcoin (BTC) Whale Indicators Suggest the Worst Is Behind Us, Bull Run to Continue appeared first on Coingape.

Peter Schiff: ‘I was wrong about Bitcoin’

Gold bug Peter Schiff, who has often spoken out against Bitcoin, may be admitting that there’s at least some flaw in his predictions...

Bitcoin and Gold Short-Lived Correlation Not a Sign of Comparability

The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation...

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