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China Will No Longer Negatively Impact Bitcoin Price, 1% of Global Trading

While the future of the Chinese Bitcoin and cryptocurrency markets remain uncertain, the Chinese government will no longer be able to manipulate the market and negatively impact the Bitcoin price.Earlier today, on October 16, LIU Post in New York professor and chair of the department of economics Panos Mourdoukoutas suggested the possibility of the Chinese market bringing the price of Bitcoin down

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Bitcoin Price Continues to Rise, Demonstrating Resilience as Core Developer Explains

Throughout the past week, the Bitcoin price has surged from around $4,500 to $5,920, demonstrating a $1,420 increase in value within a relatively short period of time. Since October 14, the price of Bitcoin has endured a minor correction, declining from $5,920 to $5,500. But, Bitcoin Core developer Eric Lombrozo emphasized the resilience of Bitcoin towards various external factors that could have

Bitcoin Price Heads to $5,000 Despite Russia’s Cryptocurrency Exchange Ban Rumors

Despite rumors about the Central Bank of Russia’s short-term plans to restrict access to Bitcoin and cryptocurrency trading platforms, the Bitcoin price has surpassed the $4,860 mark and is heading towards $5,000.“Russia to ban #bitcoin trading!” – Bitcoin doesn’t care, approaching $5,000. Russia doesn’t even account for 0.12% of bitcoin trading. pic.twitter.com/o7j7nLTYlY— Joseph Yo

Bitcoin Prices Skyrocket to $7200 on Zimbabwean Exchange During Economic Turmoil

Emerging Markets According to various reports, the African country of Zimbabwe is suffering from severe economic hardships similar to the inflation and currency crisis in Venezuela. Furthermore, demand for bitcoin is skyrocketing as the country’s only exchange is seeing bitcoin trades at US$6150 per BTC at the time of writing.Also Read:Increased So

Localbitcoins Compensates Users by Selling Bitcoin Cash for BTC

News Over the past few weeks, many Bitcoin Cash (BCH) supporters wondered when the peer-to-peer trading platform Localbitcoins would release BCH funds to users who left bitcoin on the exchange before the August 1 split. On September 25 the organization revealed it sold the BCH funds and will be compensating users in bitcoin.Also read: U.S. Regul

Wall Street Analyst Sees Bitcoin Surging to $25k Despite China Exchange Ban

Major Wall Street analyst Thomas Lee, the co-founder Fundstrat Global Advisors, appeared on CNBC’s Fast Money and reaffirmed his short-term price target of $25,000, despite the nationwide ban on bitcoin exchanges issued by the Chinese government and its financial regulators.Tom Lee of @fundstrat says that bitcoin is headed to $25K, here’s why pic.twitter.com/FBJiwTQjqM— CNBC’s Fast Money (

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Japan Becomes Largest Bitcoin Market as Traders Leave China

Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market. Analysts including BitFury Vice Chairman George Kikvadze attributed the surge in the trading volume of the Japanese Bitcoin exchange market to the exit of Bitcoin traders in China.Earlier this week, the Chinese government, local authorities and financial regulators

Bitcoin Price Technical Analysis for 09/12/2017 – Head and Shoulders Completed

Bitcoin Price Key HighlightsBitcoin price has completed the right shoulder on its head and shoulders reversal formation on the 4-hour time frame.Price is sitting right on the neckline, still deciding whether to make a bounce or a break.The chart pattern spans $3800 to $5000 so the resulting breakdown could last by $1200, taking bitcoin price to $2600.Bitcoin price could be due for a big selloff if

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More Potentially Fake Rumors Regarding Chinese Government Banning Bitcoin Exchanges Surface

It has been a tough weekend for Bitcoin and all other cryptocurrencies. More specifically, unconfirmed sources claim the Chinese government wants to ban Bitcoin exchanges. Various Western news outlets have run this story as well despite not having a credible source for this information. It is highly unlikely such drastic measures will be taken, though. All Chinese exchanges recently underwent majo

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