Bitcoin Cryptocurrency News

After $2,000 Drop, Bitcoin Could Undergo a Strong Bounce For These 4 Reasons

Bitcoin has sustained a heavy correction over the past few days. At the local lows, the leading cryptocurrency was trading at $9,800. At current, BTC is trading for $10,100 as buyers have stepped back in. Millions worth of futures contracts have been liquidated over recent days; Skew.com reports that $350 million worth of longs has Read more…

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Bitcoin Cryptocurrency News

Bitcoin Analyst Who Accurately Foresaw Feb Crash Says $9.8K is Next

Bitcoin is going to fall to $9,800, according to a pseudonymous analyst. The prominent daytrader cited the formation of a Head and Shoulder pattern behind his bearish analogy. In retrospect, H&S is a technical pattern described by three peaks. The outside tips are higher in levels while the middle one is the highest. Meanwhile, they Read more…

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Cryptocurrency News

Treasury Bureau Declares National Banks Can Custody Crypto

The Office of the Comptroller of the Currency (OCC), a bureau within the U.S. Department of the Treasury tasked with regulating the country’s banks and thrift institutions, has published a public letter clarifying that national banks and savings associations can provide cryptocurrency custody services to clients. “In the letter published today, the OCC concludes that Read more…

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Altcoin Cryptocurrency News

Chainlink (LINK) May See a Major Crash as Textbook Bear Signal Flashes

Chainlink has been one of the best-performing crypto assets of the past few weeks and months. Since the lows under $2 seen in March, the asset has more than quadrupled, trading as high as $9.00 earlier this week. The asset’s strong performance comes on the back of an influx of fundamental developments. READ: Ripple Vs. Read more…

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Bitcoin Cryptocurrency News

Prominent Investment Strategist Gives 3 Reasons to Buy Bitcoin

Despite Bitcoin’s strong bounce from the March lows of $3,700, some remain decisively bearish on the leading cryptocurrency. Take Peter Schiff, for instance. The prominent gold bull and cryptocurrency skeptic recently wrote that he thinks the asset will soon break below $9,000, arguing that Bitcoin remains in the midst of a brutal bear market. “Gold Read more…

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Bitcoin Cryptocurrency News

U.S. Treasury Bonds Are Still on Track to Go Negative in Boost to Bitcoin

The Great Recession of 2008 spawned two things: Bitcoin and increasingly lower negative interest rates. To spur economic growth and ensure the stability of the macroeconomy, central banks around the world have been increasingly lowering their policy interest rates. In Japan and in much of Europe, interest rates are negative, meaning that banks get paid Read more…

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Blockchain Cryptocurrency News

Lithuania To Sell 24,000 Blockchain-Based Digital Tokens Called LBCOINs Next Week

According to a recent report, Lithuania may be the first nation to launch a central bank-backed digital coin in the eurozone. The country’s central bank plans a pre-sale of twenty-four thousand blockchain-based digital tokens called LBCOINs. Lithuania To Sell 24k Blockchain-based Tokens A Reuters report from earlier today informed that the Baltic country has completed Read more…