Tag Archives: bitclub network

Bitcoin Mining Could be China’s Next Target – Why It Does Not Matter

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Bitcoin Mining Could be China’s Next Target – Why It Does Not Matter   Several sources including the Wall Street Journal have reported that the Chinese government and its regulators may target bitcoin mining operators in the region following the imposition of a nationwide ban on cryptocurrency and bitcoin exchanges. Experts in the cryptocurrency sector … Continue reading Bitcoin Mining Could be China’s Next Target – Why It Does Not Matter →

Bitcoin Price Technical Analysis for 19th September – Can Bulls Keep It Up

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Bitcoin Price Technical Analysis for 09/19/2017 – Can Bulls Keep It Up Bitcoin price seems to have completed a large correction and is ready to resume its long-term uptrend.   Bitcoin Price Key Highlights Bitcoin price has bounced off a long-term area of interest after its recent sharp drop, signaling that the uptrend could still … Continue reading Bitcoin Price Technical Analysis for 19th September – Can Bulls Keep It Up →

Bitcoin Price Technical Analysis for 09/18/2017 – Chance to Short?

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Bitcoin Price Technical Analysis for 09/18/2017 – Chance to Short? Bitcoin price is making a correction from its recent selloff, but it might be ready to resume the drop soon. Bitcoin Price Key Highlights Bitcoin price has been selling off in the past few days on reports that China has officially confirmed it would be … Continue reading Bitcoin Price Technical Analysis for 09/18/2017 – Chance to Short? →

$11 Billion – 24-Hour Cryptocurrency Trading Volume Hits New Record

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$11 Billion – 24-Hour Cryptocurrency Trading Volume Hits New Record Cryptocurrency trading volume reached a new milestone on Friday, crossing $11 billion for the first time amid regulatory uncertainty in China. Crypto Markets Post Record Volume According to data obtained from CoinMarketCap, the combined 24-hour trading volume of all cryptocurrencies rose to $11.5 billion shortly … Continue reading $11 Billion – 24-Hour Cryptocurrency Trading Volume Hits New Record →

Bitcoin Price Analysis – A perfect storm

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Bitcoin Price Analysis – A perfect storm Bitcoin has dropped ~USD$400 in the past 24 hours, contributing to a ~USD$1450 drop in the past seven days. The leading cryptocurrency is down ~US$1150 Since the recent high of ~US$4950 on Sept 2nd, or nearly 30%. The lackluster performance can be attributed to both technical and fundamental … Continue reading Bitcoin Price Analysis – A perfect storm →

Bankers’ mistrust of bitcoin is still the greatest argument for it

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Bankers’ mistrust of bitcoin is still the greatest argument for it Earlier on Tuesday, at different conferences around New York, JPMorgan Chase chief executive Jamie Dimon took aim at bitcoin, calling the cryptocurrency “a fraud” and “worse than tulip bulbs.” This skepticism by one of Wall Street’s titans, and its reflection in many offices and … Continue reading Bankers’ mistrust of bitcoin is still the greatest argument for it →

Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakou

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Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakout The bitcoin-US dollar exchange rate (BTC/USD) may have climbed back above $4,000, but it might be ready to push higher even though China uncertainty reigns supreme. Following reports the country's regulators may be seeking to shut down domestic bitcoin exchanges, the bitcoin price fell to … Continue reading Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakou →

China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades

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China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades Order comes amid a broader clampdown on financial risk China is home to nearly a quarter of world’s bitcoin trades China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after … Continue reading China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades →

Bitcoin Price Sinks Below $4,200 on China Uncertainty

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Bitcoin Price Sinks Below $4,200 on China Uncertainty Markets for bitcoin and other cryptocurrencies have fallen over the course of the day, following contested reports that regulators in China are looking to shut down the country's exchange ecosystem. CoinDesk's Bitcoin Price Index (BPI) is currently at about $4,184, representing a nearly 10 percent decline since … Continue reading Bitcoin Price Sinks Below $4,200 on China Uncertainty →

Bitcoin Breakout – Price Action Analysis Hints at Possible Pullback

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Bitcoin Breakout – Price Action Analysis Hints at Possible Pullback The bitcoin price [BTC to US dollar exchange rate] fell to a two-week low of $3,900 on Tuesday, a market movement that represented the biggest decline for the asset since July. Triggered by the sudden news from China that the country’s financial regulators would ban … Continue reading Bitcoin Breakout – Price Action Analysis Hints at Possible Pullback →