June 13, 2021

Bitcoin Market Analysis: Market Stalls Following Weekend Slide

After suffering a plunge yesterday, Bitcoin (BTC) appears to have fallen into consolidation between $35k and $36k, as altcoins follow in a similar movement. The benchmark cryptocurrency began the weekend in an upbeat tone following the adoption news from El Salvador and hints from Paraguay, India, ...

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June 10, 2021

Bitcoin Rallies Amid Announcement of Mining Ban in Xinjiang

According to local reports in China, two Chinese provinces have placed a ban on Bitcoin (BTC) and crypto mining operations as the Chinese government seeks to cut down on its country’s carbon emissions. Miners in Shandong Economic and Technological Development Park, based in Changji Prefecture, Xinj...

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June 09, 2021

Bitcoin (BTC/USD) Breaks Down at Lower Range-line

Bitcoin Price Prediction – June 9The BTC/USD market operation that has been over a time, featuring between definite range-bound zones now breaks down at the lower range-line. The crypto’s valuation is currently traded around $32,750 at a minus rate of about 2.30 percent. BTC/USD Market Key Levels:R...

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June 08, 2021

Bitcoin Market Analysis: Market Crashes Following Consolidation

The cryptocurrency market continues to affirm its immensely volatile nature as Bitcoin (BTC) and the altcoin sector suffered a massive crash over the past 24 hours. This crash comes following a protracted period of consolidation in the market. Given that Bitcoin finds it hard to stay still for too ...

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June 06, 2021

Bitcoin Market Analysis: Square Announces Bitcoin-related Project Plans

Jack Dorsey’s Square Inc has announced that it has two Bitcoin (BTC) projects lined up on the horizon. The first involves the company investing $5 million in a solar-powered Bitcoin mining facility. To conduct this task, Square has partnered with Blockstream Mining, a Canadian blockchain-based tech...

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June 06, 2021

Bitcoin (BTC/USD) Price Nears Lower Range-line

Bitcoin Price Prediction – June 6It appears that the BTC/USD market operations have continually featured in well-defined range-bound areas over some days. In the last few hours, the crypto’s price trades around the level of $36,000 at an average of 1.19 percent increase. BTC/USD MarketKey Levels:Re...

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June 03, 2021

Bitcoin Market Analysis: CryptoQuant Reveals Bullish Potential for BTC

According to a new report from CryptoQuant, Bitcoin (BTC) might be on its way to a massive leg up based on several on-chain indications. Some of these indications include the fact that miners have stopped offloading newly-minted coins into the market, likewise long-term hodlers. Also, the Stablecoi...

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June 03, 2021

Bitcoin (BTC/USD) Approaches Resistance of $40,000

Bitcoin Price Prediction – June 3Over a couple of notable trading days’ sessions back now, the market of Bitcoin pairing the US Dollar has mostly traded around or a bit below the resistance level of $40,000. Price, as of writing, trades around the value of $37,878 with about a 3.90% increase. BTC/U...

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June 01, 2021

Bitcoin Market Analysis: Long-Term Holders are Not Selling

According to the weekly on-chain report from analytics company Glassnode, the rate at which older Bitcoin (BTC) gets spent has decreased significantly. This insight is indicative that many traders are willing to hold their assets through the current market consolidation. Glassnode noted that: “A pe...

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