Coronavirus concerns did not cause the Bitcoin price to spike 15%, but here’s what actually did
BTC $9739 (+0.9%) • ETH $213 (+4.3%) • XRP $0.28 (+1.7%)
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🦠 Coronavirus concerns did not cause the Bitcoin price to spike 15%, but here’s what actually did
💸 Pantera Capital and Square just bet $14 million on this Seattle startup to take on Ripple
⚡️ Lightning Labs closes $10M investment round to release first merchant product
Following BTC hashrate, Bitcoin’s energy consumption is on the rise
Despite the efficiency improvements that BTC mining hardware has experienced over the years, Bitcoin’s electricity consumption is on the rise, according to a recent report.
Yahoo Finance and Investing.com post a fake news article claiming Bitcoin is down 56%
Earlier this week, Yahoo Finance and Investing.com both posted and shared an article that falsely claimed Bitcoin’s price plunged almost 56 percent in a single day.
Major crypto conferences across Asia are being put on hold because of the coronavirus
The rapid spread of the widely feared Coronavirus has sent shockwaves across the global markets and has even led some crypto analysts to note that investors flocking to safe-haven assets as a result of the virus’s spread has bolstered Bitcoin.
Analyst: Bitcoin to see far-reaching selloff after tapping range highs
Bitcoin’s 2020 uptrend has once again extended even further, allowing the cryptocurrency to set fresh year-to-date highs earlier today when BTC rallied to over $9,800 before tapping some strong resistance that halted the rally.
More reading
🚀 Binance Futures launches Tezos perpetual contracts as XTZ breaks above a multi-year resistance level
🤖 Charles Hoskinson says a lot is happening underneath the surface for Cardano (ADA)
⛏ Mining company suing Bitmain, Kraken, Roger Ver over the Bitcoin hash wars sees case dismissed
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