Month: September 2022

BITQ: a safe investment tool for volatile cryptocurrencies

Few assets can boast that their value has soared from 4 cents to $31,500 in just 12 years. The amount of bitcoins that you could buy in 2010 for $1 is worth $630,000 today. Pretty good, isn’t it? And at the highs of November 2021, these bitcoins would have brought the investor $ 1.38 million […]

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BTC will wait for the “minutes” of the Federal Reserve

BTC has no fundamental changes to date. Investors do not seem to believe in the possibility of rapid growth of stock indices and therefore leave local purchases on the US stock exchanges without attention. The correlation between the BTC exchange rate and the S&P 500 and NASDAQ indices has weakened. On Wednesday, BTC is trading […]

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Mining Companies Fix losses and dump Bitcoin

The fall of the cryptocurrency market dealt a serious blow to public mining companies that were increasing production capacity on credit in the hope of continuing the rally of 2021. Faced with a crisis, they are forced to dump the mined Bitcoin at low prices to patch up financial holes. Initially, mining companies promised to […]

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Bitcoin: Investors rush to lock in profits

There is a slight revival in the cryptocurrency market: after a monthly consolidation near the level of $ 20 thousand by the end of July, Bitcoin grew to $25 thousand. Short-term holders (STH), who managed to buy a coin at a low price, increased the total offer to 330 thousand BTC. As can be seen […]

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Top 5 Key Rules for Survival in the Crypto Market

The cryptocurrency market differs from the rest by excessive volatility, which is due to its mode of operation (24×7), ongoing institutionalization and the actual absence of clear investment guidelines characteristic of traditional markets today. You can also add increased leverage in the derivatives market, which can lead to mass liquidations with increased price shocks. Those […]

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In 2022, Ethereum overtook Bitcoin due to the September merger

The crypto community is preparing for a grandiose event on its scale – the refusal of the leading altcoin from the work of miners in favor of validators. After the developers approved September as the closest move date, Ethereum jumped by 65% in 30 days and surpassed Bitcoin in growth rates this year. In the […]

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Why Ethereum Shows Weakness Against Bitcoin

Ethereum has more practicality due to the support of smart contracts. This feature allowed altcoin to surpass Bitcoin in terms of growth rates in 2020-21, just since the heyday of the DeFi and NFT markets tied to smart contracts. However, now Ethereum is losing its power. The collapse in the first half of May of […]

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Chart of the day: How to trade Bitcoin amid mixed technical signals

Investors must have been dizzy from the sharp fluctuations of bitcoin since November last year. After this leading cryptocurrency by market capitalization flew “to the moon”, reaching a record high of $68,925 per token on November 10, it immediately turned down and lost 61.4% of its value, falling to $26,600 by May 12. During this […]

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Not the bottom yet: metrics portend the fall of Bitcoin

Margin trading is gaining momentum, and investment funds are recording an influx of investments in Bitcoin. However, the belief in the strength of the current support can be deceptive, as a number of indicators predict a decline in the $25-20 thousand zone. The fall of Bitcoin by 55% from the historical maximum and the subsequent […]

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The NFT market collapsed in May

  In the last week of May, the average daily sales of NFT were $33 million, while in the same period in April, the figure exceeded $ 150 million. In general, sales have fallen back to the level of mid-2021. The correction in the cryptocurrency market has not spared the NFT sector, which is considered […]

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