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Tag Archives: High

Bitcoin nears its worst-ever bear market, down more than 80% from the high

Measured in dollars, this year’s damage has been much more significant. Roughly $700 billion has been wiped off cryptocurrencies’ global market capitalization since the high, according to data from CoinMarketCap.com. The price of one bitcoin has dropped more than $15,000 since December. Bitcoin skyrocketed to current its all-time high of almost $20,000 in December 2017. Coinbase’s CEO said this summer ...

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Bets Against Bitcoin’s Price Hit a 6-Week High

The pessimistic sentiment around bitcoin prices saw the number of shorts hit a six-week high on Thursday. At press time, BTC/USD short positions on the cryptocurrency exchange Bitfinex jumped to 37,891 – the highest level since Oct. 15 – and were last seen at 36,996. Notably, shorts have risen by 95 percent in the last three weeks, accompanying BTC’s recent drop ...

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Bitcoin Short Positions Record Their All-Time High on Bitfinex

This current bear market broke a new record, and it’s a negative one: As of writing this, the leading margin trading exchange Bitfinex had broken its all-time a high number of open short positions on Bitcoin. This has happened as the short positions just crossed 41,000 BTC. The bad news is for the bulls: As more people are thinking that ...

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Quoine CEO Predicts New Bitcoin All-Time High by the End of 2019

During an interview on Bloomberg TV on December 3, Mike Kayamori, the CEO of Japanese cryptocurrency exchange and fintech company Quoine, predicted a new Bitcoin all-time high by the end of 2019. The interview comes following what has been a nearly year-long slump in cryptocurrency prices. Kayamori said the 2018 slump was because “there’s nothing new, no catalyst.” He is ...

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CEO of Crypto Firm Quoine Says Bitcoin Will “Surpass” All-Time High by End of 2019

Over the past year, the cryptocurrency industry has bore witness to many claims from “experts” who said that the price of Bitcoin would skyrocket to never-before-seen prices by the end of 2018, with estimates ranging from conservative ones of $15,000, to more liberal ones of $50,000. Because the markets have failed to adhere to these estimates and are presently trading ...

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High Tech Park Releases ‘Complete Legal Regulations’ for Cryptocurrencies

Belarus High-Technologies Park (HTP), a national special economic zone contributing to the IT business, has established the rules for the operation of the cryptocurrency market in the country, according to documents published by HTP Nov. 30. The regulatory documents define the requirements for various types of businesses related to cryptocurrencies and Initial Coin Offerings (ICO), as the general rules for ...

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Tether Will Soon Allow Direct Redemption of USDT — But With a High Minimum

Tether is launching a new liquidity portal, one that will finally allow the direct redemption of Tether’s stablecoin USDT back into fiat. According to a new report released on the company’s website, Tether is going to “launch a redesigned platform allowing for the verification of new customers and direct redemption of Tether to fiat.” One of the most successful stablecoins ...

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