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Bitcoin Struggles to Recover After Biggest Weekly Price Loss Since September

Bitcoin is up only slightly on Monday after seeing its biggest weekly decline in over four months.  At press time, the cryptocurrency is trading 0.2% higher on the day near $35,838, according to CoinDesk 20 data. Prices fell by 6% in the seven days to Jan. 17, a weekly fall not seen since the first week […]

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First Mover: Biden’s $1.9T Plan Shows ‘Blue Wave’ Bitcoiners Saw Coming

Bitcoin (BTC) was lower, trading around the $38,000 level where prices have gravitated for the past week.   The market faces price resistance around $41,000, with support seen around $34,000, Mark Warner, head of trading for London-based BCB Group, a financial firm focused on digital assets, said in comments emailed by a spokeswoman. “A move above $42,000 […]

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$150 Billion Wiped Off Cryptocurrency Market In 24 Hours As Bitcoin Pulls Back

Bitcoin and other digital coins tanked on Monday, wiping some $150 billion off the cryptocurrency market. The market capitalization or value of the cryptocurrency market was $931 billion around 6:00 p.m. ET, down from $1.08 trillion a day earlier, according to Coinmarketcap. Bitcoin, the largest cryptocurrency, fell over 10% from a day earlier to $34,200, according to […]

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Bitcoin Rally May Be The ‘Mother Of All Bubbles’ Says BofA

Bitcoin prices have doubled in less than a month to more than $40,000. And while cryptocurrency bulls argue this stunning surge is justified, some on Wall Street are warning that this won’t end well. The recent rally may be another case of speculative mania. bitcoin (XBT) looks like “the mother of all bubbles” according to Michael […]

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Bitcoin Declared Winner In Georgia Election

Rising right alongside the chances for a Democratic sweep in the Georgia Senate races is the cryptocurrency market. Bitcoin (BTC-USD) moved steadily throughout the evening yesterday, shooting to a new all-time high of $35.6K late last night after Raphael Warnock was declared the winner of his race.The other contest remains too close to call, but […]

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JPMorgan Says Bitcoin Could Rise To $146,000 Long Term As It Competes With Gold

Bitcoin’s remarkable ascent past $30,000 has stunned Wall Street — and one of the biggest U.S. investment banks thinks the digital currency could have much further to run. In a note published Monday, JPMorgan made a bold long-term price target for bitcoin, claiming the red-hot cryptocurrency could rally as high as $146,000 as it competes with […]

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