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Bitcoin’s halving was a success in this very unexpected way

Let’s be honest – 2020 is not going the way you thought it would. If you had taken a look at the calendar before the start of the year, what would you have reckoned would be the monthly volatility of Bitcoin? How do you think the largest cryptocurrency in the world would’ve navigated what was […] The post Bitcoin’s halving was a success in this very unexpected way appeared first on AMBCrypto.

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How long will Bitcoin’s stay above $10k last this time?

Despite high price turbulence and trend concerns, Bitcoin noted a major milestone over the past 24-hours. According to data released by Messari, Bitcoin completed its longest-ever period above $10,000, crossing its previous record of 62 days that spanned over 1 December 2017 and 31 January 2018. While comparisons with Bitcoin’s most bullish period are good […] The post How long will Bitcoin’s stay above $10k last this time? appeared first on AMBCrypto.

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Sunday, Monday, or Friday – When does Bitcoin’s price deviate the most?

Everybody has a favorite day of the week. For the workaholics, it’s Monday, for the weekend warriors, it’s Sunday, and for everyone else, it’s Friday.  Well, not really, but you get the point. There’s a day of the week for all of us. But, is there a day of the week for Bitcoin? It’s been […] The post Sunday, Monday, or Friday – When does Bitcoin’s price deviate the most? appeared first on AMBCrypto.

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Microstrategy’s $250 Million Bitcoin Buy Consequential

When a publicly owned company decides to invest about $250 million in an asset that was widely attacked more than a decade ago, it says a lot about how the world has changed. The reasons and the timing of Microstrategy’s bitcoin incursion could not have come at a better time for the company’s investors. The constant reminders about the waning fortunes of the U.S. dollar on one hand and the growing recognition of bitcoin, on the other hand, all tell the story of a changing world. Changing Environment To illustrate, it has been reported that the U.S. Federal Reserve has…

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Are we seeing Bitcoin drop below $10,000 for the last time?

The selling pressure bearing down on Bitcoin seemed to be exceptionally high, at the time of writing. Since the end of July, Bitcoin has now re-tested its support at $11,400-$11,200 more times than it has breached $12,000 on the charts. With every passing day, bullish momentum has lagged in terms of intensity and with altcoins losing their propulsion as well, Bitcoin may possibly be heading under $11,000 very soon. Source: Coinstats Many analysts have speculated that the probability of a re-test under $10,000 cannot be dismissed either. However, the present pullback might have some historical reasoning after all. Bitcoin drawdowns…

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Mike Novogratz’s Galaxy Digital Holdings Reports $38.5 Million Income for Q2: “We’ve Crossed the Rubicon’ 

Galaxy Digital Holdings reported on Friday, August 14 that its comprehensive income for Q2 grew to $38.5 million. The figure reflects both net realized and unrealized gains from digital assets, as well as investing activities of $28.3 million. In an earnings call, Galaxy Digital President, Chris Ferraro, said operating revenue growth is just over 24% for the first half of 2020 versus the same period last year. Ferraro explained that “this is across all of our operating business lines, including asset management and advisory service fees, financing activities and derivative gains.” In Q2, Galaxy Digital saw its over-the-counter (OTC) trading…

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Volatility Comes Back: BTC Drops By $1500 After Hitting The 2020 High

The volatility comes back for Bitcoin as the leading cryptocurrency dropped by $1500 in a few minutes, just a few hours after setting 2020 high. In our latest Bitcoin news, we can see that the entire market went through a Sunday morning wild ride with some major moves charged. Bitcoin market a new yearly high above $12,000 before dropping in just a matter of minutes to $10,490 on major exchanges. Similar developments occurred for most altcoins but the market seems to have calmed down. August doesn’t look like it will repeat July as the previous month started slow and quite…

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Fidelity Digital Assets Quotes Bitcoin Creator Satoshi Nakamoto in Latest Investment Thesis

Fidelity Digital Assets (FDA) quotes Satoshi Nakamoto in its latest investment thesis report. The thesis is part of a series of reports examining the perspectives driving interest and investment in bitcoin. FDA is affiliated with Fidelity through parent company Fidelity Management & Research (FMR). One of the largest financial services corporations in the world, Fidelity has an estimated $7 trillion worth of assets under management (AUM). Commenting on its findings, FDA says it has learned that investors view bitcoin as an aspirational store of value while also noting the limited knowledge about the same by stakeholders. Additionally, FDA observes that…

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Analysts Claim Bitcoin’s 76 Day Stability ‘Bullish’: Hash Ribbons Cross and 2016 Patterns

The price of bitcoin has been very stable lately, and the crypto asset has been trading in a less volatile range just above $9k per coin for 76 consecutive days. After the third halving, the price of bitcoin has also been far more stable, in contrast to the price action after the second halving. However, bitcoin’s price still seems to be following a similar route to 2016 when the digital asset’s price trended sideways for quite some time, until it eventually led to the all-time price highs in 2017. Cryptocurrency investors and evangelists have been discussing how bitcoin (BTC) prices…

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