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Continued Losses See Bitcoin Erase 40% of Recent Price Rally

Bitcoin’s price pullback has gathered steam in the last 24 hours, erasing a major portion of the cryptocurrency’s recent gains. The top cryptocurrency dived out of the $8,460–$8,750 congestion zone during the European trading hours on Thursday, signaling a continuation of the pullback from Sunday’s high near $9,200. Continue reading Continued Losses See Bitcoin Erase 40% of Recent Price Rally

Crypto’s Richest 1% Fail to Hoard a Whole Lot of Bitcoin

When contemplating crypto whales, the knee jerk reaction is to automatically think, “lotsa bitcoin;” However, according to statistics from Intotheblock—a crypto intelligence company—BTC ownership may actually be less concentrated than most altcoins. Continue reading Crypto’s Richest 1% Fail to Hoard a Whole Lot of Bitcoin

Unknown Miner Controls 70% of BCH Hashrate

The Bitcoin Cash (BCH) network could be on the verge of a malicious attack after an unidentified mining pool assumed control of 70% of the blockchain’s hashrate. That’s according to data from Coin Dance, which shows 69.44% of the BCH hashrate under control of mining pools categorized as ‘other’. Continue reading Unknown Miner Controls 70% of BCH Hashrate

4 Bullish Signs in Favor of a Huge Santa Claus Rally

Bitcoin’s recent rise has sparked new hopes for BTC just in time for the holidays. Here are several signs that may indicate a Santa Claus rally is on its way. Bitcoin has been anything but bullish recently. Since it’s tantalizing reprisal back in June, the pioneer crypto has refused to advance anywhere but south, retracing by as much as 47%. Continue reading 4 Bullish Signs in Favor of a Huge Santa Claus Rally

Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme

Many bitcoin traders laugh at the idea of HODL (holding on for dear life). They think that it is not a sound trading or investing strategy. If you buy and hold on the way down, it’s very likely that you’ll use the same approach on the way up. The rigidity of this method makes it difficult for many investors to lock in gains. Continue reading Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme