Should you Buy Bitcoin on Fridays and Sell on Mondays?
A comprehensive study analyzed 2 years worth of Bitcoin buying and selling data and the findings were pretty surprising. The research took a look at the average weekly market cycle to find the best day of the week to buy, and also to sell.
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At the moment China accounts for more than half of the world’s Bitcoin mining capacity but Jameson Lopp, the co-founder and CTO of Casa, calms down fears that Chinese miners are a threat to Bitcoin.
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Mike Novogratz the CEO of the crypto merchant bank Galaxy Digital, told CNBC’s Squawk on the Street that investors shouldn’t be misled by the recent spike in stock prices.
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Prominent Bitcoin analysts and finance veterans are making their Bitcoin price predictions for the new year, and are all over the place when it comes to their 2021 Bitcoin bets.
Some believe the asset is on pace to reach the six figure mark, while critics say Bitcoin doesn’t stand a chance against regulatory hurdles.
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As Bitcoin continues trading sideways investors are busy at work speculating as to what could help fuel a further price rise for the Bitcoin and one strategist is noting that Bitcoin could soon see a massive influx of new capital from those trading on Robinhood.
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Anthony Pompliano says Bitcoin’s status among traditional investors is starting to change and the longer Bitcoin continues to thrive and prove naysayers wrong, the more people will take notice of its remarkable rise in value over the last decade.
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U.S. residents who invested their first stimulus checks in Bitcoin have seen a 45.5 % return, from $1,200 in April to over $1,700, with Bitcoins surging past $10.500.
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Alex Adelman, the chief executive officer and co-founder of the Bitcoin shopping app Lolli, says the platform now has more than nine hundred and fifty merchants.
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There will also be an explosion of cyber security threats targeting all verticals worldwide next year. Just like other industries, the crypto industry must also prepare to respond to the ever changing crypto security threats.
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The Bitcoin market is on the move again and has seen its price ballooning by more than 150% from its March lows.
Analysts have found similarities in the economic model of Bitcoin and Gold and they both tend to portray themselves as scarce assets against inflation.
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