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Grayscale Brings a Bunch of Altcoin Investment Products to Its Offerings, Continues BTC Buying

January 23, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Digital asset manager Grayscale is further expanding into its product offering as the crypto market continues to gain maturity with time. The company has reportedly incorporated six more trusts for some of the lesser-known yet interesting altcoin projects like Chainlink (LINK), Tezos (XTZ), Basic Attention Token (BAT), and Filecoin (Filecoin). Grayscale has incorporated six more […]

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Grayscale Bitcoin Trust [GBTC] Premiums Drop to Lowest Since March 2017

January 22, 2021 , , , , , , , , , , , , , , , , , , , Eddy 0

As reported by Bloomberg, the Grayscale Bitcoin Trust [GBTC] premiums fall by 40% during recent crypto meltdown as GBTC itself fall by 15% WoW. For the first time since March 2017, fall in prices of GBTC [15%] has outpaced that of Bitcoin itself [13%] on the weekly timeframe. Investors Might be Dumping Their Positions in […]

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MicroStratergy Buys The Bitcoin Dip Again With $10 Million BTC Purchase

January 22, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

MicroStrategy, the software giant with over $1.3 billion bitcoin purchase in the past 6 months has bought the bitcoin dip again with a $10 million purchase at $31,808 apiece, taking their total bitcoin holding to 70784 worth $2.27 billion. MicroStrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury […]

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Market Correction Or Bull’s Strategy, Why this Bitcoin Dip Might be Bullish And Not Bearish?

January 22, 2021 , , , , , , , , , , , , , , , , , , , Eddy 0

On-chain Bitcoin metrics suggest that the price correction might play in bitcoin’s favor as whale accumulation has seen a significant surge over the past couple of days. Bitcoin price correction of 13% yesterday took it to below $30,000 level for the first time in 3 months, raising speculation about a long due market correction. 📈 […]

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Bearish Sentiment in BTC as Bitcoin Miners Dump BTC At Exchanges

January 22, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin on-chain analysis is indicating that Bitcoin miners are dumping BTC at exchanges. Earlier, Bitcoin (BTC) tanked more than 13% earlier today going all the way below $30,000 levels. Although BTC has partially recovered and currently trading around $31,000 levels the bearish sentiment continues in the market as per on-chain data. Major points: F2P Pool […]

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Bitcoin Price Dips Below $30,000 as Coinbase Premium Goes to -122

January 22, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

At present, the Coinbase premium is running in negative at -122 suggesting the selling pressure is high and whales are more likely to sell than hodling. Coinbase Premium is the bitcoin price difference in USDT on Coinbase and Binance. During the peak of the bull season, the extensive buying by whales took the price of […]

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De-constructing All The Myth and FUD Around Bitcoin (BTC) Double-Spend and Inflation

January 22, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

No!! Bitcoin did not “DOUBLE-SPEND”!! The Bitcoin blockchain is functioning just as normal and exactly how it should be!! Well, to take a gist of this, let’s take a look at the events in recent days and de-construct them sequentially. Bitcoin (BTC) price has corrected significantly in the last three/four days while taking a dip […]

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Craig Wright Bullies Two Websites to Take Down Bitcoin Whitepaper, Bitcoin.org Refuses

January 21, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Craig Wright, the self-proclaimed Bitcoin creator is now threatening to take two websites bitcoin.org and bitcoincore.org to court for copyright infringement if they didn’t remove the bitcoin white paper from their platforms. Wright is infamous for threatening lawsuits against people and company’s who have called him out for his absurd lies and in most cases […]

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Bitcoin price breakdown targets $25,000 despite investor sentiment remaining positive

January 21, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin slides under $33,000 risking a drop under $30,000, especially if the 50 SMA support fails to hold. Grayscale Investment’s consistent purchase of Bitcoin goes unnoticed as the market falls. Bitcoin is on the verge of a massive breakdown after losing a crucial support level. The pioneer cryptocurrency was rejected $38,000 again, opening the Pandora […]

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