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Posts Tagged ‘bitcoin’

Breaking Down the Key Statistics of the Ethereum 2.0 Launch Date

Ethereum 2.0 finally launched yesterday after months and even years of waiting. According to data from Dune Analytics, more than 900,000 ETH, worth over $500 million, was locked into Ethereum 2.0’s Beacon Chain. This is 166% more than the threshold of 524,288 coins required to launch the upgrade. There were 2,700 unique depositors running over…

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Gold Market Brings Bad News for Bitcoin: A Potential Death Cross

Spot gold is inching towards forming a “Death Cross” on its daily chart, which may transform its ongoing downside correction into a full-fledged bear trend. A death cross occurs when an asset’s short-term moving average falls below its long-term moving average. Many analysts and strategists look at the crossover as a sign of a sell-off…

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A Flurry of Double Top Snubs Hints Bitcoin Will Hit $21,000

Bitcoin has more fuel to continue its bullish rally. Independent analytics firm TradingShot wrote that BTC/USD could hit $21,000 in the coming sessions in a note Monday. Its upside bias took cues from a confluence of chart signals that provably assisted Bitcoin in rallying almost twofold in the fourth quarter. The same signals envision the…

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