Bitcoin Resumes a New Uptrend, Targets the $67,000 Resistance

Bitcoin (BTC) has rebounded after a recent slump. Today, Bitcoin faces another rejection at the $62,300 resistance zone. The cryptocurrency seems to be falling after hitting the resistance zone. However, for BTC/USD to resume its upward momentum, buyers are expected to push BTC above the $64,000 high. This will catapult the BTC price to a retest of the high at […]

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US overtakes China in terms of digital currency hash power

The United States is now the country with the largest percentage of the total hash rate pointed at the BTC network. For years, mainland China held the number one spot on this list, but China’s recent crackdown on digital currency has caused all digital currency-related businesses and service providers to re-locate. According to the Cambridge Centre for Alternative Finance’s BTC […]

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Stellar Lumen (XLM) Price Remains At Risk of More Downsides

Stellar lumen price is trading well above $0.4000 against the US Dollar, similar to bitcoin. XLM price must settle above $0.3800 to start a fresh increase. Stellar Lumen Price Analysis (XLM to USD) After forming a base above the $0.3200 level, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the $0.3500 barrier to […]

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SHIB plummets 20% as Elon Musk reveals he owns none

Shiba Inu (SHIB), the recently surging Dogecoin-inspired ERC-20, suffered a 20% retracement in two hours as Tesla founder and hypothetical Doge CEO Elon Musk announced to Twitter that he doesn’t hold any Shiba Inu tokens. The retracement came after SHIB surged past its previous all-time high to tag a local top of $0.000044 on Oct. 24 following a more than […]

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China’s top economic planner calls for public feedback on mining ban

China’s top economic planner is seeking public feedback on the digital currency block reward mining ban. The China National Development and Reform Commission (NDRC) has given a one month period for the feedback even as the country continues an aggressive anti-mining campaign. China has always been the hub of block reward mining, at one time producing three-quarters of the global […]

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TA: Bitcoin Price Faces Hurdle, Why 100 SMA Is The Key

Bitcoin price corrected lower and tested $59,500 against the US Dollar. BTC is recovering losses, but upsides might be capped above $63,250 in the near term. Bitcoin declined below the $63,200 and $62,000 support levels. The price is now trading below $62,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with […]

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