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After a precipitous drop to start the weekend, Bitcoin has begun to mount a strong comeback over the past five hours, with the cryptocurrency rallying to $7,100 just minutes ago after falling as low as $6,750 on April 10.
Although a common sentiment in the Bitcoin community is that the cryptocurrency needs no certain individual to succeed due to its decentralized nature, American programmer Ross Ulbricht has been deemed one of the most integral members of the industry.
Over the past few days, the price of Bitcoin has slid lower after a strong multi-week rally to $7,470, marking a 100 percent increase from the “Black Thursday” bottom of $3,700.
The crypto market has fallen off hard over the past few days.
As Bitcoin has effectively doubled since the $3,700 bottom put in on March 12, the so-called “fear of missing out” has started to spread amongst BTC investors as optimists believe the cryptocurrency is poised to burst back into a full-blown bull market.
BlockDown 2020 today revealed that attendees will be able to log in and create their very own bespoke virtual avatars this coming Monday 13th April at 9am EST.
Bitcoin has seen some notable overnight volatility, with the benchmark cryptocurrency’s buyers struggling to maintain the support that had been established within the lower $7,000 region.
Craig Wright, the chief scientist at nChain and self-proclaimed Satoshi Nakamoto, has been a vocal critic of plagiarism, calling it an act of criminal fraud.
Although Bitcoin has stalled dramatically since February’s $10,500 peak, data shows that large cryptocurrency investors have been unfazed.
Regardless of the global economic meltdown, several on-chain metrics estimate that Bitcoin reached a market bottom and could be ready to resume its historic uptrend.
Although traders are undoubtedly still scarred by Bitcoin’s 50 percent single-day crash in March, the cryptocurrency has mounted an impressive comeback ever since.
Tezos has seen some unprecedented bullishness throughout late-2019 and early-2020, with the cryptocurrency setting fresh all-time highs in February before losing its momentum and reeling lower alongside Bitcoin and most other major altcoins.
A new Visa debit card by Fold is set to enter the cryptocurrency industry to allow users to earn Bitcoin cash-back rewards.
All eyes have been closely watching to see what the impacts of Bitcoin’s imminent halving event are on its price action, with this major event overshadowing the same phenomenon seen by Bitcoin Cash – the controversial BTC hard fork.
The bullish momentum behind Chainlink has been so significant that it pushed its price up over 50 percent in the past seven days.
Nym Technologies, a Swiss blockchain startup, has invited users to install mix-nodes and test the company’s privacy-preserving mixnet.
It’s no secret the past few weeks have been tough for crypto investors.
The past few years have not been kind to Ethereum, with the cryptocurrency finding itself caught within an intense downtrend that led it to plummet from early-2018 highs of over $1,400 to lows in the $80 region.
While considering the macro-bearish economic backdrop that Bitcoin has traded against throughout the past couple of months, the cryptocurrency’s relative strength has made it one of the best performing major assets of this year.
Researchers at Glassnode conducted an in-depth research of the on-chain data of Binance, one of the world’s largest crypto exchanges, comparing its growth with other trading platforms.
The halving is here! The halving of Bitcoin Cash (BCH), that is.
In February, when Bitcoin had retaken $10,000, traders were convinced that the cryptocurrency was well on its way to revisit and surmount the $20,000 all-time high established in December 2017.
There’s no question that 2020 has been a volatile year for Bitcoin, with the relatively small and immature crypto market incurring some significant turbulence alongside that seen by virtually all traditional markets.