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Bitcoin could help to obtain financial services, making them more accessible

Blockchain tech-backed platforms are delivering the ability to access various markets in an easy and accessible way. The price of Bitcoin (BTC) has recently shot up after months of stability. In April and May, trading prices came in between the narrow range of $9,000 and $10,000, with realized volatility falling to its lowest in three years by mid-July.  The speculation behind the price move has come amid economic uncertainty brought about by the COVID-19 outbreak, coinciding with record low-interest rates and an increasingly volatile stock market. The question is: Will the recent rebound in the cryptocurrency reflect the start of…

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Boom! Kraken Predicts Imminent Bitcoin Price Rally of Up to 200%

After record strength in the Bitcoin markets at the end of July, Kraken is predicting that BTC could see price gains of up to 200% over the coming weeks and months. Major U.S.-based crypto exchange Kraken has released a report predicting that Bitcoin (BTC) will rally by between 50% and 200% in the coming months.The report notes that Bitcoin posted a 21-month low for volatility on July 24 of just 23%, and stated that BTC’s 12 historic volatility lows (of between 15% and 30%) have typically been followed by a rally of 140% on average.With August usually the third-most volatile…

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Bitcoin an Option, as Dennis Gartman Says He’s Exiting ‘Crowded’ Gold Market

Gold bull Dennis Gartman is moving out of gold because the market has become “too crowded.” In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a time when the price falls to around $1,775. “Too many people all of a sudden are involved in the gold market,” he complained. “There’s only one position everybody has and that’s long…people have to be taken out of that trade.” Back in April, the popular gold investor told everyone “now is the time to buy gold.” Today, Gartman feels the market is overcrowded. “I…

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