BTC ⬆️ $8897 (+2.35%) / ETH ⬆️ $169 (+4.1%) / XRP ⬆️ $0.23 (+2.99%)
|CryptoSlate||Jan 17|| 2|
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After a jaw-dropping 30 percent rally in two weeks, Bitcoin has finally begun to take some time to cool off.
Bitcoin is trying to break above the $9,000 resistance level, but several technical patterns estimate that it is bound for a retracement.
It has grown increasingly unclear in recent times as to whether or not the aftermath of the recent uptrend seen by Bitcoin and major altcoins like Ethereum (ETH) marks any type of fundamental shift in market structure, or if it is simply another lower-high that will be followed by further losses.
2020 has been a great year for Bitcoin (BTC) so far, with the cryptocurrency incurring massive momentum that has allowed it to rally from lows of $6,800 to highs of $8,900 before hitting any meaningful resistance.
Bitcoin is only 117 days away from a block rewards reduction event that affects the number of tokens that can be generated every 10 minutes.
Hodlonaut has claimed a small, but significant victory against Craig Wright, as his libel case against the anonymous Twitter analyst has been dismissed by the High Court of Justice in the U.K.
The Sacramento Kings, an NBA basketball team, has partnered with ConsenSys, the leading Ethereum (ETH) development studio, to introduce a new auction platform that handles live bidding on in-game sports gear using a supply chain product called Treum.
It’s no secret that 2020 has been a great year for Bitcoin and the entire crypto markets, as the first two weeks of the New Year have allowed BTC to surge from lows of $6,800 to highs of $8,900, while many major altcoins have begun starting parabolic rallies.
The crypto market’s firm uptrend has allowed multiple major altcoins to begin going parabolic, which to many investors is emblematic of the early stages of the massive bull run seen in late 2017.
Different technical analysts in the crypto community maintain that the recent rally could have triggered a new Bitcoin bull market.
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