Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price

The Federal Reserve Bank of St. Louis has released an article today about Bitcoin. In it, the bank notes that the price of Bitcoin has three potential futures: indefinite, infinite appreciation; zero; or somewhere in between. They believe it will be somewhere in between. The authors, David Andolfatto and Andrew Spewak, conclude that one of The post Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price appeared first on CCN

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Bitcoin Surges 5% in Minutes: Can it Lead to Bigger Rallies This Month?

The Bitcoin price has surged by six percent on the day to $4,070, breaking out of the $4,000 mark comfortably for the first time since Christmas Eve. Bitcoin’s strength does not convince many traders of a big short-term bull rally. Could Bitcoin Engage in Bigger Rallies in January? With a 20 percent increase in its The post Bitcoin Surges 5% in Minutes: Can it Lead to Bigger Rallies This Month? appeared first on CCN

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Newsflash: Bitcoin Price Surging Beyond $4,100 in Extended Buying Action

Bitcoin price is surging above the psychological resistance of $4,100 in an extended buying action. The Bitcoin/Dollar rate rose to $4100 on Coinbase between 9-10 am UTC – a level that was breached to the downside during the December 3 trading session. The pair, around the same time, was trading at a prime rate of The post Newsflash: Bitcoin Price Surging Beyond $4,100 in Extended Buying Action appeared first on CCN

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Market Bloodbath – Recession Impending or Regularly Scheduled Programming?

Everything, almost literally everything, is down this year just in time for Christmas. The DOW, NASDAQ, S&P 500, and the majority of the crypto markets are all bleeding out day after day, with Bitcoin seeming to be walking down the stairs back to $3,000 and some analysts predicting sub-$2000 levels in the near future. In The post Market Bloodbath – Recession Impending or Regularly Scheduled Programming? appeared first on CCN

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Bitcoin Price Falls 5.5% to $4,030: Lack of Momentum Leads to Crypto Pullback

Over the past 24 hours, the Bitcoin price has dropped by more than five percent from $4,265 to $4,030, demonstrating a decline in daily volume. On fiat-to-cryptocurrency trading platforms like Coinbase and Bitstamp, the dominant cryptocurrency was dangerously close to dipping below the $4,000 support level. A drop below the $4,000 mark could disallow a … Continued The post Bitcoin Price Falls 5.5% to $4,030: Lack of Momentum Leads to Crypto Pullback appeared first on CCN

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Bitcoin Price Plunges to New Yearly Low at $3,456: What’s Causing it?

On Coinbase and other major fiat-to-cryptocurrency exchanges, the Bitcoin price (BTC) has dropped to a new yearly low at $3,456. Over the past 24 hours, despite its relatively low daily volume at around $5.2 billion, BTC demonstrated a drop of over 12 percent, showing weakness in short-term momentum. The volume of BTC has since risen The post Bitcoin Price Plunges to New Yearly Low at $3,456: What’s Causing it? appeared first on CCN

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Crypto Market Loses $6 Billion as Bitcoin Price Retreats to $4,100

In the last 24 hours, more than $6 billion was wiped out of the cryptocurrency market as Bitcoin (BTC), the most dominant cryptocurrency in the market, recorded a loss of 8.6 percent from $4,500 to $4,110. On fiat-to-cryptocurrency exchanges like Coinbase, Kraken, and Bitstamp, the price of BTC reached a new weekly low at around The post Crypto Market Loses $6 Billion as Bitcoin Price Retreats to $4,100 appeared first on CCN

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Doubling Down: Tom Lee Won’t Abandon $15,000 Year-End Bitcoin Price Forecast

Fundstrat co-founder Tom Lee stands by his reduced year-end bitcoin price target of $15,000, saying continued fallout from a market slump in tech stocks is putting pressure on cryptocurrencies. Lee’s new prediction is a dramatic drop from the bullish $25,000 price target he had set in early-2018, when the crypto market seemed poised for a The post Doubling Down: Tom Lee Won’t Abandon $15,000 Year-End Bitcoin Price Forecast appeared first on CCN

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