Bitcoin to End 2018 With 80% Drop, What Investors Should Expect in 2019

Following one of its biggest bull rallies in history to $19,500, Bitcoin (BTC) is set to end 2018 with an 80 percent drop from its all-time high. As Bitcoin enters 2019 with a bear market status having suffered a steep sell-off in December, what can investors expect in the first two quarters of 2019? Several […]

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Bitcoin Price Rally Loses Steam Near $4,000 – Will Bulls Wake in 2019?

The Bitcoin price has spent the first day of this weekend struggling to get through the $4,000 mark. The digital currency attempted a bullish reversal on Friday, marking more than $300 worth of gains in just two hours. That hasn’t exactly changed any longer-term sentiments for the market, especially when it has dropped by more […]

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Investor: Bitcoin is Undervalued, Individuals Building on it Will Lead to Recovery

Over the last 48 hours, following a large loss on Christmas, the Bitcoin price has recovered back to around $4,000. The dominant cryptocurrency, which still holds a market valuation of over $64 billion, has demonstrated wild volatility in a wide price range from $3,100 to $4,300 throughout December, struggling to recover to November levels. Last […]

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Former Wall Street Investor: Big Chance Crypto is Best Performing Asset in 2019

Travis Kling Travis Kling, a former Point72 Asset Management executive, a hedge fund that oversees $12.4 billion in assets, said that there is a big chance crypto becomes the best performing asset in 2019. The Ikigai Fund founder made the case that cryptocurrencies were never present during a proper bear market in traditional finance and […]

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Abrupt Recovery: Bitcoin up 7% in Minutes, Ethereum Rises 13% from Day’s Low

Within nine minutes, the Bitcoin price surged from $3,625 to $3,900, by 7.5 percent. Other crypto assets like Ethereum (ETH) followed, recording a 13 percent upswing from the day’s low. Although Bitcoin and the rest of the crypto market only recovered to Thursday levels, the unforeseen turnaround of the short-term trend of crypto assets led […]

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Google: Gold Searches Spike as Bitcoin Price, Stock Market Weaken

Given that the next generation of investors will come of age having been immersed in the digital world from infancy, many crypto advocates believe that bitcoin or another cryptocurrency asset could one day function as “digital gold,” providing people with an easy-to-access hedge against market uncertainty and central banking malfeasance. Gold Sees Resurgence as Crypto, […]

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Trader: Crypto Investors Need to ‘GTFO’ if Bitcoin Price Falls Below This Level

Mark Dow, a trader who shorted Bitcoin (BTC) from its all-time high at $19,500 to $3,500, said that the dominant cryptocurrency could be in trouble if it does not escape the $5,000 to $6,000 range in the short-term. Dow, who made headlines earlier this month for exiting his short position on Bitcoin, said that the […]

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Bitcoin Price Finds Bears Near $4,200, At Last Leg Before Breakdown

Bitcoin price on Wednesday traded inside a narrow session range as the market assessed the bearish correction of the previous day. The Bitcoin/Dollar rate started the trading session with a jump towards $3,850 but rejected extended upside targets in a pullback action that stretched to as low as $3,686. Before the European session matured, the […]

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Scientists Turn Copper into ‘Gold’ — Will Bitcoin Replace as Store of Value?

According to a new paper published in a peer-reviewed scientific journal, researchers in China have made a groundbreaking discovery that could profoundly impact the face of the precious metals landscape — and provide bitcoin with an opportunity to shine. Scientists Turn Copper into Substance ‘Almost Identical’ to Gold Per SCMP, a team of scientists at […]

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Can the OTC Market Actually Have a Significant Impact on the Bitcoin Price?

The over-the-counter (OTC) market has long been considered to be bigger in size and volume than the crypto exchange market, having a bigger impact on the Bitcoin price. Large institutional investors and high profile retail traders often rely on the OTC market for orders that typically exceed $1 million to ensure the market has enough liquidity […]

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Bitcoin Maintains Bullish Bias, Eyeing $4,500 as Upside Target

Bitcoin on Monday maintained its bullish bias despite facing rejection by a strong resistance area. The bitcoin-to-dollar exchange rate surged from $3,956 to $4,244 as the Asian session kicked in. The pair attempted a breakout action but got held by a moderate selling pressure near the session peak. By the European session, an interim bearish […]

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Why Goldman Sachs Suddenly Starting Bitcoin Business is Unrealistic: SolidX

CEO of SolidX Partners Daniel H. Gallancy According to Daniel H. Gallancy, the CEO of SolidX Partners, it was unrealistic to anticipate Goldman Sachs to run a Bitcoin business before the year’s end. Speaking to Bloomberg, Gallancy, who has been working with a major investment firm in VanEck to introduce a Bitcoin exchange-traded fund (ETF) […]

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Reports Claim Investors Lost Homes as Bitcoin Crashed, Isn’t the Stock Market the Same?

Sky News, a British TV station and mainstream media outlet, reported that investors lost homes as the Bitcoin price crashed. But, the same argument can be applied to the stock market, real estate, and every other major market. The report claimed that investors put up their homes as collateral to receive loans and invest in […]

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What Happened to Dapps? (And 4 Other Big Questions for Ethereum in 2019)

Kosala Hemachandra is the founder of MEW (MyEtherWallet), an open-source, client-side interface for generating ethereum wallets and interacting with the ethereum blockchain. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  For the most part, Bitcoin and Ethereum have held the title of the top two cryptocurrencies with the largest market capitalization. But […]

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Why the CFTC’s Questions About Ethereum Matter

Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. ————————–————————–————————–————————–————————–————————– Are ether futures just around the corner? Last week, the US Commodity Futures Trading […]

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