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Bitcoin and Altcoins Start Corrective Increase But Upsides Limited


This past week, bitcoin price remained in a downtrend and broke a few important supports such as USD 8,250, USD 8,200 and USD 8,000. However, the USD 7,850 area acted as a strong support. As a result, the price started an upward move above the USD 8,000 resistance. It gained more than 5% in...

CME Bitcoin Futures Sees Institutional Interest and Demand from Asia


Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform...

Bitcoin and Altcoins in Corrective Increase Towards Hurdles


In the past few hours (08:00 UTC), there was a downside extension in bitcoin price below the USD 8,000 support area. BTC/USD traded close to USD 7,900 and it is currently correcting higher. However, there are many resistances on the upside near USD 8,200 and USD 8,250. Similarly, ethereum,...

The Fed Plans to Inject $60 Billion per Month Into the Economy


On October 11, the U.S. Federal Reserve explained that it would inject more easing into the economy by purchasing Treasury bills at an initial $60 billion per month for the next two months. The purchasing rate could decrease or increase, but the central bank expects the easing plan to last until...

Bitcoin Price Rebounds to USD 8.5K, Altcoins Start Corrective Increase


After a downside extension below USD 8,000 and USD 7,800, bitcoin price found support above USD 7,600. As a result, BTC/USD started an upside correction above the USD 8,000 and USD 8,250 resistance levels. The price gained nearly 8% and tested the USD 8,500 resistance area. Similarly, there was...

Most Top 10 Coins' Trading Volumes Increase; BTC's Drop Further


After the July and August drop in trading volumes for the top 10 coins, some of them have seen an increase in daily average volumes in September. Bitcoin’s (BTC) volumes, however, decreased further. Comparing the total trading volume in June, when bitcoin price jumped above USD 13,000, and that...

In Future, Difficulty to Mine Bitcoin will Certainly Increase


In recent news, Bitmain, Bitcoin (BTC) mining giant, is planning to increase its mining capacity by 50% in the following six months on the back of a large hardware order, said by a close source to the deal. “Based on this calculation, after half a year, Bitmain’s total network computing power will...

Ripple Price Analysis: XRP Hovers Around $0.30, Fresh Increase Awaited


Ripple leaves $0.31 price range, manifests an extended fall XRP dropped at $0.3061 and corrected up above $0.31 The coin again saw a stronger fall at $0.3039, currently struggling to rebound The price range around $0.30 is expected to act as strong support for a fresh increase Ripple has recently...

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