Famous Swiss Investor Marc Faber Finally Buys Bitcoin

Renowned Swiss investor and central bank critic Marc Faber has finally bought Bitcoin (BTC).  Does this mean the bear market is on its way out?  Marc Faber may not be revered for his views on racial equality. But when it comes to investing, he’s up there with Warren Buffet — as far as successful track records go. Unlike the other aging…

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Bitcoin Price May Re-enter Bear Market, Warns Analyst (As Altcoins Gain Favor)

The Bitcoin (BTC) price may soon resume its downward trajectory despite mounting technical robustness, an analyst has claimed.  ‘Ripe To Resume Lower Prices’ Bloomberg Intelligence analyst Mike McGlone identified diminishing daily returns this month, suggesting an imminent continuation of Bitcoin’s bear market. Bitcoin (BTC) had buoyed investors in February, with average daily gains approaching 0.6 percent. In March, however, this figure…

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Nvidia Mining Chip Sales Drop 30% in Q4 Amid ‘Post-Crypto Excess’

Nvidia managed to survive declining cryptocurrency mining chip demand to post total full-year revenue of $11.72 billion. The company forecasts an aggressive rebound for the 2020 fiscal year, but Wall Street analysts say such forecasts are overly optimistic given the lack of significant change in the market. Sale of Cryptocurrency Mining Chips Plummet The U.S. gaming hardware maker released its full-year…

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Cryptocurrency Lenders Bite Back At Bitcoin Bear Market With Record Volume

Cryptocurrency loans continue to capitalize on the longest bear market in Bitcoin history, with one company generating $630 million in its first six months. Records Not REKT Launched as a mobile app in July 2018, the Celsius Network reported the statistics in an update February 4. The app has seen 40,000 downloads, $50 million in coin deposits and paid out maximum…

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Bitcoin Fundamentals Unchanged For Institutionalization, Says Spencer Bogart

Spencer Bogart of Blockchain Capital believes that all of the promises and potentials associated with Bitcoin remain unchanged despite plummeting by more than 80 percent from its mid-December 2017 all-time high. Bright Future for Bitcoin Speaking recently to CNBC, the Blockchain Capital partner noted that 2018 was in many ways a transition period for the top-ranked cryptocurrency. According to Bogart, this…

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Bitcoin Price Analysis: BTC Bounces But Bears Still in Control

Bitcoin price just pulled off a nice 10% bounce with the next level of resistance at $3,700. Let’s take a look at what can happen next? Bitcoin Price: Market Overview Bitcoin price  dropped to a new yearly low at $3,210 and the overall market cap now rests at $110.6 Billion. Clearly, bears are still running the show for BTC and the SEC’s…

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Where Will Bitcoin Price Go as It Nears November Lows?

The Bitcoin price was hovering near its lowest levels in 14 months December 6 a fresh downturn continued to take its toll on investors. Another Grim Day For Bitcoin Traders Having lost support at $4000 Tuesday, slipped further towards lows set last month around $3500, reaching $3680 before appearing to claim new support at $3700. In common with behavior which has…

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CEO of Largest Crypto Exchange Believes the Bitcoin Bears Are Here to Stay

BitMEX CEO, Arthur Hayes believes bears have the stamina to keep control of the crypto market for at least 18 months longer. Hayes Forecasts Prolonged Thunderstorms Arthur Hayes, the captain at the helm of the world’s largest cryptocurrency derivatives exchange BitMEX believes bears could maintain control of the cryptocurrency market for at least another 18 months. Of course, these comments are…

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Bitcoin Money Velocity Hits 2010 Lows, As BTC Price Flatlines

Bitcoin’s monetary velocity is at its lowest point in eight years, and investors should be “realistic” about the chances of the 2018 bear market ending in the medium term. Echoes Of The Dawn Of Bitcoin Speculation That was the message from data analyst Willy Woo October 29, who uploaded new data tracking quarterly velocity for Bitcoin versus USD money supply. At…

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‘What a Shocker’ – CME Bitcoin Futures Volume Soars 41%

As investors speculate when Bitcoin will bottom and reverse course, a recently released CME report shows Bitcoin Futures daily trading volume up 41% over Q3. Bitcoin Futures Volume Rises Sharply The bear market is still a reality, but investors are steadily making moves behind the curtain. A new report from the CME  (Chicago Mercantile Exchange) shows that Bitcoin futures trading at the exchange…

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