Category: Bticoin
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Indicators of a Possible Bottom in the Price of Bitcoin: Market Analysis
The recent decline in the value of Bitcoin has caused a series of indicators that could hint at a proximity to the lowest point of its price. Through a thorough analysis of the economic context and the trends observed in the market, three key signals have been identified that could suggest an eventual reversal in…
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Alaska incorporates “virtual currency” into its regulatory framework
Effective January 1, 2023, the term “virtual currency” will take its place in Alaska’s money transfer regulations. This will require businesses that deal in digital currencies to obtain a money transfer license in the state. As reported by the Cooley Law Firm on December 19. The State of Alaska has amended its money transfer regulations…
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Bitcoin may finally bottom out, says Arthur Hayes
The former head of crypto derivatives platform BitMEX, Arthur Hayes, believes Bitcoin prices may have bottomed out. Famous American businessman Arthur Hayes and former CEO of the crypto derivatives platform “BitMEX” believes that the worst may be over for Bitcoin. In fact, the “biggest and most irresponsible parties” don’t have any more BTC to sell.…
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Bitcoin climbs above $17,000, but watch out for pension funds
Bitcoin maintains a certain resistance, despite the earthquake that has hit cryptocurrencies in recent months. Shares of the leading digital currency surged above $17,000 after fears of a debacle following the failure of Sam Bankman-Fried’s FTX exchange. Even in recent days, when stocks have slid on fears stemming from the global recession, Bitcoin has managed to hold…
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Bitcoin will become “irrelevant”, says the European Central Bank
In the midst of the FTX scandal and its consequences on other companies, the European Central Bank took the opportunity to hit the crypto ecosystem; especially Bitcoin. He assures that he is on the way to irrelevance. That cryptocurrencies are not to the liking of the world’s main financial institutions is not news. The IMF…
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Mark Mobius: Bitcoin below $10,000
In the dangerous cryptocurrency market, Mark Mobius sees the Bitcoin price target at $10,000. We explain his position! Mark Mobius sees Bitcoin drop to $10,000! Legendary emerging markets investor and promoter Joseph Bernhard Mark Mobius, 86, is critical of cryptocurrencies. He recently made it known during an interview on Bloomberg, predicting Bitcoin (BTC) falls to…
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Bitcoin trading? What is Bitcoin trading?
Bitcoin is the most popular and widely used cryptocurrency in the world. Created in 2009, after it more than 100,000 cryptocurrencies have been launched, which are decentralized currencies that only exist through digital files. That is where Blockchain technology comes into play, since the currencies are extracted from block chains and are not linked to any government,…
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Bitcoin Forecast: There are signs of a reversal, but we cannot confirm that the bottom was reached
The tide has turned out after the FTX crash, and while the forecast is bullish for Bitcoin, we still cannot confirm that it has bottomed out. Little by little, the crypto market is returning to a healthy course, leaving behind the fear caused by the collapse of FTX. Thanks to this, the Bitcoin forecast for…
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Bitcoin miner prices drop to all-time lows
Winter market weather puts more pressure on the industry and created an unexpected black friday in mining equipment. A prolonged market winter is creating conditions that were not expected a year ago in the Bitcoin mining industry. One of the items that most experiences the effects of the bear market is that of ASIC equipment,…
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Bitcoin: New York State Bans Mining, Here’s Why
Bitcoin takes another hit at this turbulent time, with New York State Governor Kathy Hochul signing a law banning crypto mining via proof-of-work technology on the ground, unless the miner uses 100 power. % renewable. Hochul justified the move with an attempt to curb the carbon footprint by cracking down on mines that use electricity…
