Crypto News 

Bitcoin Price Records Minor Correction & Falls to $4,070, Potential Factors

“After recording a new all-time high at $4,410, bitcoin price fell to $4,070, experiencing a minor correction” writes unknown author for cryptocoinsnews.com. Hence, a minor correction in bitcoin price after a strong rally should not be a concern for investors and traders.For instance, in the last week of July, bitcoin price decreased from $2,700 to $2,400, by $300.At the time, Antonopoulos noted: “The reason bitcoin price is dropping is the rapid 1500% rise in 2 years, especially the last 3 months.Despite the recent decline in bitcoin price, highly respected analysts…

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Crypto News 

GOLDMAN SACHS: Here’s when we’ll know bitcoin’s top is in

“Jafari isn’t the only one who sees bitcoin approaching the $5,000 level” writes Jonathan Garber for businessinsider.com. “With Segwit implemented, I believe $5,000 bitcoin is within striking distance,” he said. “At this point, Bitcoin would have to move back under 2,935 (Jul. 21st high/top of wave 1/V) to signal that a top is already in place,” Jafari wrote. Source: businessinsider.com Share This:

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Crypto Markets News 

Wednesday Worries: Bitcoin Price Dips 3% as Market Corrects Following SegWit Lock-In

“For its part, the bitcoin price declined following the SegWit lock-in, falling to $3,305 after peaking at $3,485 on Tuesday morning” writes unknown author for cryptocoinsnews.com. Many investors anticipate the bitcoin price will rise significantly over the coming months – with one Harvard academic forecasting that the bitcoin price could reach $100,000 by 2021 – although some remain wary of an impending dispute over SegWit2x.Bitcoin dominance dropped to 45.3% on Wednesday, its lowest mark since the introduction of bitcoin cash to the market cap charts.Bitcoin’s record-setting streak ended on Wednesday,…

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Crypto News 

As bitcoin comes off its record high, the next step is to avoid a ‘lightning fork’

“The bitcoin community is eagerly waiting for the next big development called the Lightning Network, a technology that enables instant transactions” writes unknown author for cnbc.com. This is intended to improve the capacity of the bitcoin network and allow for more transactions to take place.On Tuesday, the bitcoin network passed a threshold of support required to lock in a new piece of software, called ‘segregated witness’ or SegWit.This after it reached a new milestone on Tuesday, with the digital currency network “locking in” a decision to implement a new piece…

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Crypto Markets News 

The Bitcoin Price Is Having the Time of Its Life

“The bitcoin price reversed course once it became clear that BIP 91 was going to receive the necessary support to lock-in” writes unknown author for cryptocoinsnews.com. The bitcoin price spent the majority of July in decline due to investor fears regarding the August 1 scaling deadline and the potential bitcoin blockchain split.The crypto comeback has been in full swing this week, as both the bitcoin price and ethereum price have increased by more than 30%.The IOTA price rose a relatively-mundane 12% to $0.265, while Monero and EOS each rose by…

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Crypto News 

Bitcoin Price Breaks $2,860; Segwit Upgrade Finalized Securely

“On July 22, at the time of reporting, bitcoin price has surpassed $2,860, with most indicators pointing toward an optimistic upward momentum for bitcoin price” writes unknown author for cryptocoinsnews.com. Bitcoin price has surpassed the $2,800 mark on July 22, as the market, investors and traders gained confidence in bitcoin and its ability to scale. Once Segwit is activated, bitcoin price will likely surpass its previous all-time high of $3,095 and continue its upward trend.On July 16, when the BIP 91 activation threshold of 80 percent of hash rate was…

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Crypto Markets News 

Bitcoin Hits 30-Day High, Chases All-Time High in $2,900 Territory

“This represents a nearly 50% increase since July 16, when the total crypto market cap fell to $61 billion” writes unknown author for cryptocoinsnews.com. Bitcoin’s price reached a 30-day high on Friday at $2,838 with a market capitalization of close to $46.718 billion.The price reached $2,900 on some exchanges. Bitcoin holds close to half of the total cryptocurrency market at 47.37%, followed by Ethereum, with 22.36%.The Friday high was the closest the price has gotten to the $2,964.74 it reached on June 12. Source: cryptocoinsnews.com Share This:

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Crypto Markets News 

Bitcoin Price Hoists Market to $90 Billion As Segwit Lock-In Looms

“Uncertainty about Bitcoin scaling contributed to bitcoin price volatility in recent weeks” writes unknown author for cryptocoinsnews.com. After spending most of Wednesday hovering at ~$2,350, the bitcoin price increased by 11% to its present value of $2,586.Thursday’s rally brought the bitcoin market cap to $42.6 billion.This represents a nearly 50% increase since July 16, when the total crypto market cap fell to $61 billion.The Ripple price rose about 1% but was unable to swing its market cap back to $7 billion. Source: cryptocoinsnews.com Share This:

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