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Bitcoin Still Around $10,500: The Calm Before The Storm Following Trump’s Hospitalization?

Following the recent price decreases after the BitMEX and Donald Trump COVID19 news, Bitcoin has calmed and trades above $10,500. The situation with the altcoins is somewhat different as most continue struggling. Bitcoin Stays Calm After The Drops As reported yesterday, Bitcoin tumbled from $10,900 to about $10,450 in a matter of hours. The drop came after news broke that the US CFTC charged the owners of the large cryptocurrency derivatives exchange BitMEX for illegally operating the platform and anti-money laundering violations. Soon after, most markets, including Bitcoin, took another hit. US President Donald Trump said on Twitter that he…

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Bitcoin Price Fails At $10,500 While Altcoins Retrace (Market Watch)

Most of the cryptocurrency market is retracing on a 24-hour scale despite increasing in value intraday. Bitcoin surged to nearly $10,500 but is back below $10,300, while Ethereum dips to $360. Bitcoin Stopped At $10,500 The positive news for the primary cryptocurrency is that its price remains in the five-digit territory. In fact, Bitcoin even increased towards its previous 2020 high at $10,500 yesterday. However, the bears stopped it before having the chance to conquer it. Ultimately, BTC retraced to its current level of $10,280. From a technical perspective, $10,000 remains a critical support line. If it can’t sustain Bitcoin,…

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Crypto Market Cap Gains $22 Billion As Bitcoin, Wall-Street And Gold Rebound Massively

Bitcoin has followed Wednesday’s increases on Wall Street and has risen to about $10,400. Most altcoins are also in green, as the total market cap sees a $22 billion addition over the past day. Ethereum, Polkadot, and Chainlink surge by approximately 10%, while DeFi tokens lead the way with the most gains, as YFI touches the 3 BTC mark once again. ETH Above $370 The altcoin market sustained some severe losses in the past week. Nevertheless, they are displaying signs of recovery today, with green being the predominant color. Ethereum is up by 10% to above $370, while Ripple increases…

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Bitcoin Holds Above $10K, Eyes on Wall Street Opening

Bitcoin dived once more under the $10,000 mark, but it rapidly bounced off and sits above it now. The rest of the market resembled BTC’s movements with initial dumps and quick recovery. Given the high correlation, all eyes are now on Wall Street as the market will open today for the first time since Friday and it’s interesting to see how this will impact Bitcoin’s price. Bitcoin Dips Below $10K (Again) As reported yesterday, Bitcoin was struggling to remain above $10,000. A few hours ago, bears took control and drove it below the coveted mark once more. The asset bottomed…

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Is The Correction Over? Bitcoin Struggles To Maintain The $10,000

Bitcoin has reduced its high volatility as of late and remains above $10,000. The rest of the market shows recovery signs, including Chainlink, which is back in the top 5, and SushiSwap’s triple-digit price surge has returned SUSHI in the top 100. Bitcoin Stays Above $10K After a few consecutive days of massive price fluctuations, in which BTC lost $2,000 of its value, the past 24 hours were relatively calm. Bitcoin bounced off $10,000 again but since then pumped to the intraday high of $10,350. However, the bears didn’t allow further increases and drove it back down to its current…

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Bitcoin Under $10,000 – First Time in 4 Weeks: Crypto Market Warch

The cryptocurrency market is not finished dumping in value as Bitcoin is fighting to stay above $10,000, while Ethereum is already well below $400. The rest of the alts are bleeding out as well, as the total market cap shed $60 billion in two days. Bitcoin Dipped Below $10,000 It was merely 48 hours ago when Bitcoin was headed towards $12,000 and even briefly surpassed it. While it all looked like it’s going in BTC’s way, the situation sharply reversed and took the primary cryptocurrency on a violent trip down to $11,500, $11,000, $10,500, and a few hours ago –…

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Bitcoin Crashing $1500 In 48-Hours: $40 Billion Evaporated From The Total Market Cap

It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along. Bitcoin Plummets Below $11K It’s safe to say that the cryptocurrency market has seen better days as the blood bath that started yesterday has just intensified: Bitcoin was trading at $11,400 after recovering some of the losses charted before, but a sudden leg-down took the asset down to as low as $10,600 (on…

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Blood Bath: Total Market Cap Shrunk $23 Billion As BTC Lost 5% and ETH 15%

Over $20 billion of total market cap have disappeared in the past 24 hours as most cryptocurrencies are retracing heavily. Bitcoin lost $700 following a rejection at $12,000, Ethereum drops by 8%, as of now, following a 15% daily plunge at the peak (as of writing these lines). Polkadot becomes the top 5 cryptocurrency, enjoying Chainlink’s 10% loss. Bitcoin Dives By 5% Less than 36 hours ago, Bitcoin attempted another overtaking maneuver to surpass the coveted $12,000 mark. However, the bears didn’t allow it to materialize, and BTC’s price faced a serious rejection, as predicted by CryptoPotato’s latest BTC analysis.…

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Taking a Break? Crypto Market Cap Lost $7B In Hours, as Bitcoin Rejected At $12,000

Bitcoin briefly jumped to above $12,000 but has retraced since then. In the last few hours, the entire market appears to be taking a break. Bitcoin Tested $12K To No Avail The past 24 hours have been rather impressive for the cryptocurrency field, with the entire market cap gaining over $15 billion from yesterday’s bottom at $374 billion to about $387 billion as of writing these lines. It even reached $394 billion a few hours back as Bitcoin spiked towards $12,000. The primary cryptocurrency marked an intraday high of about $12,060 (on Bitstamp). However, it failed to sustain its run…

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Ethereum Spikes To 2 Weeks High As Bitcoin Broke $11,600

Bitcoin continues to increase in price slowly and is currently hovering at $11,650. Larger-cap altcoins are in the green as well, as Ethereum’s 4.5% increase has taken ETH to $420. Altcoins On The Move The top ten cryptocurrencies have been recovering since last week’s dumps, and most of them have marked gains in the past 24 hours. Ethereum is among the leaders with a 4.5% surge, and ETH is trading at above $420. On a weekly scale, this is a 12% increase for Ether after bottoming at $380 several days ago. Litecoin is up by 6% to $62, Ripple (2%)…

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Market Watch: Over 100% Gains For YF Defi Tokens, Bitcoin Is Stable

Bitcoin seems stable after recovering from its drop to $11,100 and trades above $11,500. However, massive gains are evident among lower-cap alts and DeFi tokens, including YFI that doubled BTC’s all-time high. As such, Bitcoin’s dominance over the market has decreased by over 1%. YFI To $40k, Low-Caps Surging It’s no secret that the DeFi sector has been cryptocurrency’s hottest topic recently. YFI’s fork, which recently rebranded its name from YFII Finance to DFI.Money is the clear leader in terms of value gained. It has exploded with a surge of 300% to about $5,500 per coin. Other YF derivative coins…

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Bitcoin Reclaims $11.5K, ETH Above $400: The Sushi Farming Tokens Skyrocket (Market Watch)

Following a few days of adverse price movements, most of the cryptocurrency market is recovering and is in the green today. Bitcoin is up to $11,500, Ethereum is trading above $400 for the first time since Tuesday. Even more impressive gains are evident from the lower-cap alts. Bitcoin Back Above $11,500 The primary cryptocurrency saw its fair share of price dumps in the past few days. BTC even experienced quite volatile developments following an announcement from the US Federal Reserve regarding its new plans to target inflation averaging 2% over time. A sharp dip met a quick price pump, and…

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Polkadot Ahead of Chainlink on the Top 5: Bitcoin Struggles At $11,500 (Today’s Market Watch)

Although Bitcoin and most larger-cap alts haven’t recovered from yesterday’s losses, the majority of them have stopped freefalling. At the same time, the low-cap altcoin market remains highly volatile, with some impressive double-digit gains. Polkadot And Low-cap Alts Rejoice Most of the larger-cap alternative coins continue to move indecisively for the most part. Over the past 24 hours, the majority failed to make a difference and are either slightly in red or green. The top ten cryptocurrencies see two major exceptions to this trend – Chainlink and Polkadot. LINK is up by 3% to above $15, while DOT doubles-down on…

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Bitcoin Price Fails at $11,800 While Ethereum (ETH) Reclaims $400 (Market Watch)

Bitcoin took another swing at $11,800 but it got rejected and retraced to its current level of about $11,680. Ethereum has returned above $400, while lower-cap alts continue to fluctuate massively. Bitcoin Tries $11,800 As CryptoPotato reported yesterday, $11,800 is a key resistance standing in the Bitcoin’s way upwards. The asset indeed attempted to overcome it after a price pump from its daily low of $11,600 to its intraday high of $11,830 (on Bitstamp). However, bears intercepted the move at that point, and BTC couldn’t maintain its price above it. As a result, the asset dipped firstly to $11,700, bounced…

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Market Watch: OmiseGO (OMG) Spikes 100%, Bitcoin Price Flat

The cryptocurrency market has recovered from some of the losses it registered in the past few days. Bitcoin is up by 1%, while some altcoins are marking impressive double and even triple-digit gains with OMG Network leading the pack. Altcoins With Massive Moves The altcoin market became accustomed to significant fluctuations, and the past 24 hours don’t disappoint. One alt stands above all – OMG Network. OMG has exploded in value in the past few weeks and especially since yesterday, when the company announced that the most widely used stablecoin, Tether (USDT), will utilize its blockchain. OMG traded at $1.5…

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Bitcoin Challenges $12K As Binance Coin (BNB) Skyrockets 9% (Market Watch)

Bitcoin took yet another swing at $12,000 but to no avail so far, while Ethereum continues climbing to $440. Macrodata reaffirms the ongoing bull trend as almost all top 100 digital assets have been in the green in the past three months. Bitcoin Not Yet Conquering $12k About three days ago, the primary cryptocurrency was in a bit of a jam as it dipped to $11,100. It began losing its dominance over the market, but the bulls have since regained possession and drove Bitcoin upwards. Their attempt seemed solid, and BTC quickly came knocking at $12,000’s door. During this month-long…

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BTC Dominance At 1-Year Lows as Ethereum Skyrockets 9%

Bitcoin’s dominance over the market continues to suffer even though BTC has recovered from its dips and trades at $11,750. This is primarily because of numerous impressive alt pumps, including Ethereum, which finally broke above $400 after its significant price surge. Ethereum Over $400, LINK (Another) ATH, Alts Rejoice The second-largest cryptocurrency by market cap is among the most impressive gainers from the past 24 hours. Ethereum dipped below $380 yesterday, but bulls took control and smashed the $400 psychological barrier. After a 13% increase from the daily low, ETH reached a new yearly high of $430 before retracing slightly…

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Is 2017 Here Again? Hype Led By YAM Seeing DeFi Tokens Skyrocket

The DeFi space continues to amaze as there’s something unbelievable happening almost every other day. YAM – a cryptocurrency created less than a day ago with absolutely no economic value at launch, is currently trading at over $150. And that’s not even the part that’s hard to grasp. In less than 24 hours, the cryptocurrency community has locked $500 million in DeFi protocols to farm YAM. This led to a market-wide increase as all of the supported protocols see their native tokens skyrocket. YAM Pushes DeFi Tokens Higher CryptoPotato reported earlier today that YAM is driving the entire DeFi space…

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What is Uniswap In Simple Words?

You may have heard of Uniswap has been a frequently debated topic among the DeFi space. Originally, Hayden Adams created the Uniswap protocol as he was inspired by Vitalik Buterin’s post about the market maker equation X * Y = K. Hayden took a practical approach to the equation and created Uniswap, a protocol for automated liquidity provisioning. This guide will help you understand the following concepts: What is Uniswap? How does automated liquidity provisioning work using X * Y = K equation? What’s the difference between Uniswap V1 and V2? How can you profit from liquidity provisioning on Uniswap?…

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DeFi Tokens Defying Market Dump on YAM Farming Frenzy

The big boys on crypto markets such as Bitcoin, Ethereum, and XRP may be slumping today, but DeFi tokens are still on fire. Five of the top six performing tokens in the top one hundred are related to DeFi, and there is a good reason for that. Enter the Yam A new yield farming opportunity called Yam Finance has been launched promising huge returns and a revolutionary and fair financial farming ecosystem. Since it launched late on Tuesday, August 11, yield farmers have been loading up on DeFi tokens to stake on the platform to earn YAM. According to the…

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