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Bitcoin Cash short-term Price Analysis: 10 August


the popular fork of Bitcoin, seemed to be holding well on the charts with its price noted to be $305, at the time of writing. Bitcoin Cash, formerly the 4th largest crypto-asset in the market, had a market of $5.66 billion, with the last 24 hours ringing with positive developments for BCH. Now, it would seem that more may be on their way...


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https://ecoindiscuss.com/bitcoin-cash-short-term-price-analysis-10-august/

What Would the Re-Election of Alexander Lukashenko Mean for Crypto?


Protests have erupted in Belarus following the country’s presidential election on Sunday, but the possible continued presidency of Alexander Lukashenko may be good news for crypto.

Lukashenko reportedly won re-election against opposition candidate Svetlana Tikhanovskaya in a landslide victory with more than 80% of the vote on Aug. 9. However, officials from many nations and within Belarus are condemning the election results as flawed, with reports of falsified ballots...

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https://ecoindiscuss.com/what-would-the-re-election-of-alexander-lukashenko-mean-for-crypto/

Bitcoin is going longer by escaping exchange acquisition


Bitcoin’s recent burst past $12,000 was unlike the first, and is potentially a sign of things to come.

Over a week ago, on 2 August, when Bitcoin rose past $12,000 for the first time since June 2019, its price dropped by 8 percent within the hour. The rapid rise tested a bull trap where trigger sell orders were placed to capitalize on the rising price. No sooner did the price move above the level that the orders became active, got triggered, and down went the price. With this as the backdrop, the market is cautious to not celebrate a $12,000 move just yet, but going forward, every important price level will be approached with caution...

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https://ecoindiscuss.com/bitcoin-is-going-longer-by-escaping-exchange-acquisition/

Here’s What Analysts Think Comes Next



Just minutes ago, Bitcoin broke past $12,000 for the first time since the August 2nd flash crash. The cryptocurrency is now up 3% in the past 24 hours and around 2% during Monday’s trading session (thus far) alone...


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https://ecoindiscuss.com/heres-what-analysts-think-comes-next-2/

Bitcoin Worth Over $300,000 Recovered From an Old Zip File: Here’s How


Last week in the DEFCONConference, CTO of blockchain software development firm, Pyrofex, Michael Stay, recounted how he helped recover private keys for Bitcoins worth more than $300,000. The keys were locked away in a zip file, and Stay was entrusted with the job to break in and retrieve them...


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https://ecoindiscuss.com/bitcoin-worth-over-300000-recovered-from-an-old-zip-file-heres-how/

Market Wrap: Bitcoin Breaks $11,800; Ether Options Market Explodes


Bitcoin continues its rebound this week after Sunday’s crash. Meanwhile, the ether options market suggests a roller coaster ride ahead for the world’s second largest cryptocurrency.

It’s been a positive week for bitcoin so far. The world’s oldest cryptocurrency is continuing its rebound from a Sunday price crash, appreciating 12% on a bullish run that isn’t showing signs of slowing down...

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https://ecoindiscuss.com/market-wrap-bitcoin-breaks-11800-ether-options-market-explodes/

Is Bitcoin Too Hard To Understand? – Bitcoin Magazine


I’ve spent a huge part of the last three years explaining Bitcoin to general audiences and the most common form of resistance I encounter is: “Bitcoin is too complicated. The masses will never understand it.”

It’s a fair argument. Bitcoin is complicated and if you want to reach a competent understanding of the big picture then, at a minimum, you’d better get ready to learn about peer-to-peer networks, cryptography and the history of money...

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https://ecoindiscuss.com/is-bitcoin-too-hard-to-understand-bitcoin-magazine/

Safe Haven? Bitcoin’s Recent Rally Correlated With Gold And Silver


Over the year so far, Bitcoin has demonstrated interesting correlations with legacy markets. During the crash, largely-induced by the spread of the novel coronavirus and for a period after that, the cryptocurrency was trading in line with the stock market.

Now, however, it appears that Bitcoin is largely perceived as a safe haven as it demonstrates a massive correlation with gold and silver....


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https://ecoindiscuss.com/safe-haven-bitcoins-recent-rally-correlated-with-gold-and-silver/

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Bitcoin P2P Trading Soars in India as New Exchange Launches



Bitcoin P2P trading volume in India has been growing rapidly, hitting record highs over the past weeks. Meanwhile, a new P2P trading platform has launched in India as the crypto industry awaits the government’s decision on a cryptocurrency law...



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https://ecoindiscuss.com/bitcoin-p2p-trading-soars-in-india-as-new-exchange-launches/

Bitcoin Is for the Young and Gold for the Old, Says JPMorgan



Bitcoin (BTC) and gold appear to be the popular asset choices for investors depending on their age group. Haven assets are seeing significant price increases as worry mounts over the future of global economies amid the ongoing coronavirus epidemic...


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https://ecoindiscuss.com/bitcoin-is-for-the-young-and-gold-for-the-old-says-jpmorgan/

Not All DeFi Users Are Committed To Using Ethereum: New Survey



It’s no secret that Ethereum has benefited the most from the ongoing decentralized finance (DeFi) craze. After all, nearly all DeFi protocols and coins are based on the blockchain, the second-largest by market capitalization.

ETH’s dominance is not really unexpected: it has the most active developers, the most brand recognition, and most importantly, has the largest array of assets and infrastructure. A vast majority of stablecoins, which are pivotal to the DeFi experience, are based on Ethereum, for instance...

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https://ecoindiscuss.com/not-all-defi-users-are-committed-to-using-ethereum-new-survey/

BitBlockBoom Is Bringing Bitcoiners Back Together – Bitcoin Magazine


Gary Leland is hosting the third installment of the BitBlockBoom conference in Dallas, Texas on August 29, 2020. But this year’s event is decidedly different: this is set to be the first well-attended, in-person Bitcoin event held in the United States since the Covid-19 outbreak began...


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https://ecoindiscuss.com/bitblockboom-is-bringing-bitcoiners-back-together-bitcoin-magazine/

Chinese Court Rules Bitcoin Is Asset Protected by Law


A court in Shanghai, China, has reportedly ruled that bitcoin is an asset protected by Chinese law in a case that has dragged on for years. The case involves a theft of two different cryptocurrencies, one being bitcoin, from an American. The defendants argued that bitcoin was not recognized under Chinese law; the court disagreed, citing documents by the central bank, the People’s Bank of China (PBOC)...


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https://ecoindiscuss.com/chinese-court-rules-bitcoin-is-asset-protected-by-law/

Bitcoin Is Bullish, But A Breakout Won’t Arrive Until 2021: Here’s Why


After months of consolidation, Bitcoin broke free from a tight, boring trading range and continued the uptrend that began in early April.

Despite the cryptocurrency turning from bearish to bullish, a full break out into a new bull market won’t arrive until 2021. Here’s what past Bitcoin cycle data predicts for when the asset may retest its former all-time high, and embark on a new bull run...

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https://ecoindiscuss.com/bitcoin-is-bullish-but-a-breakout-wont-arrive-until-2021-heres-why/

Technicals Suggest Bitcoin Price Needs To Clear $11,500 To Restart Rally



Bitcoin started a fresh increase above the $11,000 level against the US Dollar. BTC must surpass the $11,500 resistance zone to continue higher in the near term.

After a sharp downside correction, bitcoin price remained stable above $10,500 against the US Dollar. BTC started a fresh increase and climbed above the $11,000 resistance zone...

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https://ecoindiscuss.com/technicals-suggest-bitcoin-price-needs-to-clear-11500-to-restart-rally/