Crypto Market Wrap: Algorand is Short-Term Bullish – ALGO is setting up for a Breakout
2020 has seen a lot of development from Algorand. The platform is focusing on improving its protocol to ensure better services and growth.
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Tag: Market
Predicting 2019’s Crypto Storylines; What Can We Expect This Year?
After the turn of the New Year, Cryptstorm posted a review of the year in crypto in 2018. It covered some of the overarching storylines and trends in what was ultimately something of a disappointing year for cryptocurrency.
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Stellar Lumens (XLM) Surpasses EOS as the 5th Most Important Cryptocurrency
Stellar Lumens (XLM) has surpassed EOS as the fifth most important virtual currency in the market after reaching $4.28 billion dollars on August 13, 2018. At the moment, Stellar is the only top 10 virtual currency regiseding gains in the top 10.
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Bitcoin Reclaims $6000 After Cryptocurrency Prices Rally
Bitcoin prices have increased by over $600 in a few hours. The sharp rally comes after bitcoin prices dipped below $6000 on June 29, 2018. The digital currency has seen a major price correction in 2018 and is down almost 70 percent from its high of December 2017.
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ING Believes Interest in Bitcoin is Going to Grow Exponentially
According to a survey conducted by ING, interest in Bitcoin may increase in the future. The European individuals consulted about this showed a growing interest for Bitcoin and cryptocurrencies
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Bitcoin Price Jumps $500 Dollars in Less Than An Hour
Positive news and fresh air for Bitcoin, at least for some time. The famous virtual currency, that dropped under $6,000 dollars on June the 24th, just jumped $500 dollars in less than an hour moving from $5750 to $6250.
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Max Keiser Remains Bullish on Bitcoin Amid Hard Drop
Max Keiser, an important former Wall Street trader, wrote on Twitter on June the 19th that Bitcoin will keep growing in the near future.
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Tether Has The Necessary Reserves to Back all USDT Says Law Firm
According to a Washington-based law firm, the stable coin Tether (USDT) has the necessary reserves to back all USDT in the market. This is a very important information for USDT and the market because just a week ago, a research from the University of Texas, claimed that Tether was used by some exchanges to manipulate Bitcoin’s price.
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Bitcoin Price Grows $400 Dollars After New York Approves Square’s Cash App
Bitcoin was able to take a breath after weeks in which the price was falling with $6400 being the support level. This time, the cryptocurrency jumped almost $400 dollars from $6,400 up to $6,800.
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JP Morgan Says Cryptocurrencies Will Stay Here for Longer Time
Many financial consultants claim that cryptos will not bring about the expected economic revolution. But institutions like JP Morgan confirm that they are here to stay. This according to a recent company report.
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Tether to Become the Top 10 Cryptocurrency by Market Capitalization
Surprisingly, Tether (USDT) could become, very soon, the 10th most important cryptocurrency by market capitalization. In order for this to happen, Tether should increase its market capitalization, or a top 10 coin should fall under $2.52 billion dollars.
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Bitcoin Drops $600 Dollars in an Hour – What’s Happening?
Bitcoin, the most important virtual currency in the market has lost today 13%, moving from $7,650 to $6,630. In just an hour, it lost over $600 dollars from $7,200 to $6,630. But which are the reasons behind this massive drop?
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