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Cryptocurrency Markets Could Hit $1 Trillion and Bitcoin Price at $50,000 This Year, Experts Predict
he cryptocurrency market cap recently dipped below the $400 billion mark, as bitcoin itself fell to little over $6,000, before its price started bouncing back. At press time, the cryptocurrency market made a bullish pivot, as US regulators signaled they’ll take a cautious approach to cryptocurrency regulations during a high-profile Senate hearing. Nastavi čitati “Cryptocurrency Markets Could Hit $1 Trillion and Bitcoin Price at $50,000 This Year, Experts Predict”
Billionaire trader and former hedge fund manager Mike Novogratz has successfully raised $250 million to finance the launch of Galaxy Digital, a cryptocurrency merchant bank that will be publicly-listed in Canada. Nastavi čitati “Bitcoin Bull Novogratz Raises $250 Million for Cryptocurrency Merchant Bank”
Bitcoin price declined for a second consecutive day on Tuesday as South Korea’s new restrictive policies on cryptocurrency trading officially went into effect. Nastavi čitati “Bitcoin Price Sinks Further as South Korea’s New Cryptocurrency Trading Rules Take Effect”
Regardless of where your allegiances lie in the crypto community, homage should be paid to the original Blockchain solution – Bitcoin. However, it has been 10 long years now since Bitcoin came into being (an eternity in the cryptocurrency space) and things are starting to get away from the King. Nastavi čitati “Is Bitcoin’s Reign as King of Cryptocurrency in Danger?”
Historically, January has always been a weak month for Bitcoin and 2018 is no exception. Some believe that this is due to Chinese investors converting their Bitcoins to fiat currency in order to buy gifts and presents to celebrate the Chinese Lunar New Year, which falls in February. After all, the Chinese market is one of the major players in the crypto world. Nastavi čitati “Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, NEM, Cardano: Price Analysis, Jan. 29”
If you want to know where the bitcoin price is headed, just ask Google. Datatrek Research’s Nick Colas, an early analyst to track bitcoin, suggested to CNBC that the key to unlocking bitcoin’s next rally is to observe Google search and the ensuing digtal wallet creation, both of which have been on the decline in January amid a bevy of negative developments (exchange and wallet hacks, etc.) The bottom line? Google searches for bitcoin and wallet creation for the cryptocurrency this month compare poorly with December results. Nastavi čitati “The Google Effect and Bitcoin Price Parallels Persis”
The cryptocurrency market has continued to recover at a rapid rate over the past 24 hours, as several major cryptocurrencies such as bitcoin and Ethereum recorded major gains. Nastavi čitati “Cryptocurrency Market Continues Recovery as Ethereum Records 15% Gain”