Blockchain 

Bitcoin Price Tumbles 6% on Economic Growth Uncertainty

Bitcoin (BTC) had an outstanding run during the first half of the year as it climbed to new highs at the end of each month, but the month of July and August have not been as kind to the world’s biggest cryptocurrency. A lot has gone on over the past month and a half that has made it difficult to regain its momentum. However, in August, Bitcoin started climbing considerably as it was thought to have been a hedge against the global risks that had been unleashed due to major…

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Blockchain 

Bitcoin Dominance at 70% | BTC Surges Amid Economic Uncertainty

Bitcoin has always dominated the cryptocurrency market. But for the first time since December 2017—when Bitcoin was valued at $20k per coin—Bitcoin dominance is nearing 70%. It’s a significant indicator of the current sentiment surrounding the world’s largest digital asset. It also leaves a sizeable question mark over the future of the hundreds of altcoins that comprise this market. Bitcoin Dominance Rating Bitcoin’s market cap of $217.91 billion now covers 69.93% of the total cryptocurrency market according to NewsBTC. Comparatively, at its lowest in January 2018, after Bitcoin price plunged…

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Blockchain 

Bitcoin Falls to Hold 10K Mark on Political Uncertainty

The month of July has been a month to forget for Bitcoin (BTC) so far as the cryptocurrency has repeatedly struggled to hold on to gains and failed to kick on from the highly impressive run it enjoyed in the first half of the year. Some of the issues that have dogged the cryptocurrency are not actually due to any particular weakness in the market. The introduction of Facebook’s Libra and the associated criticism it has attracted from the highest levels has created a drag on the entire crypto space.…

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Blockchain 

Bitcoin Extends Sell-Off as Facebook’s Libra Uncertainty Lingers

After having a rollicking rally during the first half of the year, Bitcoin (BTC) has had a forgettable time in the month of July, and the reasons behind the troubles are manifold. The announcement from Facebook (NASDAQ:FB) about its very own cryptocurrency Libra may have initially been thought of as a welcome addition to the crypto sphere, but in a matter of time, it turned into a troublesome entity for Bitcoin. Libra has been panned by some of the most powerful people in the world, including the United States President,…

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