Crypto News 

Potential Factors That Will Likely Drive Bitcoin Price to $10,000 Interim Target

“Over the past three days, the Bitcoin price has increased from $4,330 to $4,893, leading analysts to establish an interim target of $10,000” writes Joseph Is A for newsbtc.com. The Bitcoin price is en route to achieving a new all-time high, as it nears the $5,000 region.Earlier this month, the Japanese government introduced a nationwide licensing program for Bitcoin and cryptocurrency exchanges.Bitpoint, the Bitcoin exchange of Remixpoint, was one of the 11 cryptocurrency exchanges which were authorized by the Japanese government last month.Already, the Japanese and South Korean governments have…

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Why Bitcoin Price Will Continue to Increase to $10,000 Despite Recent Correction

“But, within a 24-hour period, bitcoin price recovered beyond $4,550, demonstrating strong resistance and absolute confidence from the market and investors” writes Joseph Is A for newsbtc.com. As of current, only 10 percent of all bitcoin transactions remain SegWit-enabled and as more bitcoin wallet service providers such as Coinbase, Blockchain and BreadWallet integrate SegWit, bitcoin fees will decrease even further.Over the past two weeks, the bitcoin community and industry have seen drastic change in the bitcoin network.The size of the bitcoin mempool has decresed from 150 to 6 million bytes…

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Bitcoin spikes to a record high above $4,700

“Bitcoin cash, the cryptocurrency that was formed from the fork, has gained about 116% since its first trade of $300” writes Jonathan Garber for businessinsider.com. And while bitcoin has gained about 385% so far this year, the good times likely won’t last forever.Thursday’s advance caps off a big month for bitcoin, which has rallied 63.5% since the August 1 fork that split it in two. She predicts a correction could take bitcoin all the way down to about $2,221. Source: businessinsider.com Share This:

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Segwit, BitcoinCash: Technical details explained

“The controversy emerged because Bitcoin transactions were taking too long to get confirmed on the blockchain network” writes A Software Technology for techtake.info. They did not want all the investments made so far gone or be left on the Bitcoin blockchain.There were some changes needed to the consensus rules, so that the blockchain could have its own existence, and remain separated from the Bitcoin blockchain. Source: techtake.info Share This:

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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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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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