Tag: speculation

Bitcoin Price Outlook Remains Bullish for The Coming Weeks, Traders Indicate

A lot of eyes are on the Bitcoin price chart right now. That is only normal, as this market dictates the pace for all other cryptocurrency markets as well. As Bitcoin is now subjected to some uncertain momentum, the mid-term price predictions are becoming all the more relevant. The following predictions show things can get pretty interesting, although not everyone will agree with these outlooks. The Ongoing Bull Cycle Hype …
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Can the Bitcoin Price Remain Above $9,000 Today?

With all cryptocurrencies suffering from a temporary setback as of right now, it will be interesting to see where the industry will go next. Although the Bitcoin price is on the decline as we speak, it seems things will only improve from here on out. As is usually the case with any temporary dip, the price action needs to be taken in stride first and foremost. Remaining above $9,000 will …
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Debunking the Rumors: Binance Is Not Adding USD Trading Anytime Soon

In the world of innovative technologies and cryptocurrency, there is often a lot of misinformation to contend with. It seems some people are spreading fake rumors about Binance adding USD trading markets for some of its supported currencies. Additionally, the firm has no plans to open XVG or XRP pairs as secondary¬†or tertiary markets either. Binance is in Talks With Banks Contrary to what the internet would¬†have you believe, the …
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Short Squeeze Catapults Price of Bitcoin Past $7,600

Just hours after short positions on Bitcoin eclipsed longs, and as BTC shorts volume reached an all-time high, Bitcoin saw an explosion, appreciating over US$900 in under an hour, a growth of 13%. Since the pump, global cryptocurrency markets have risen over 10%, to just under US$300 billion. Speculators overwhelmingly agree that the cause for such a price movement was a textbook short squeeze. A short squeeze occurs when a …
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