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bitcoin, cryptocurrency, btcusd, xbtusd, btcuusdt, crypto

BItcoin’s Sudden Drop to $9k Coincides With Fed’s Balance Sheet Contraction – Helena Bitcoin Mining

Visit the original article* Bitcoin plunged back towards $9,000 despite showing signs of upside correction in the early Friday session. The latest price correction coincided with the Federal Reserve’s balance sheet contraction that strengthened the US dollar. S&P 500 remained closed on Friday for the Independence Day holiday. The past 24 hours saw Bitcoin breaking …

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Bitcoin Price

Bitcoin Faces Another Rejection And It’s Vulnerable to a Drop Below $9K – Helena Bitcoin Mining

Visit the original article* Bitcoin was rejected once again near the $9,300 resistance against the US Dollar. BTC is currently recovering, but it remains at a risk of more downsides below $9,000. Bitcoin topped near $9,302 and declined more than $300 in the past few hours. The price is now trading well below $9,200 and …

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Bitcoin Miners Saw 23% Revenue Drop in June - CoinDesk

Bitcoin Miners Saw 23% Revenue Drop in June – CoinDesk

Bitcoin miners suffered a 23% drop in revenue during June, resulting from lower network fees and a reduced block subsidy after the halving in May.  Down from $366 million in May, bitcoin miners generated an estimated $281 million in revenue in June, a three-month low according to Coin Metrics data analyzed by CoinDesk. Estimates assume …

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Bitcoin Indicator That Predicted March’s 60% Drop Is Bearish Again

Bitcoin is seemingly stuck in no man’s land. As this outlet has covered extensively, the cryptocurrency has been caught between a crucial support and a crucial resistance; every time BTC attempts to break past $8,500 or $10,000, it is rejected. There is a growing sentiment that down will be the direction that Bitcoin eventually breaks, …

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Bitcoin Indicator That Predicted March’s 60% Drop Is Bearish Again - The Bitcoin News

Bitcoin Indicator That Predicted March’s 60% Drop Is Bearish Again – The Bitcoin News

Advertisment Bitcoin is seemingly stuck in no man’s land.As this outlet has covered extensively, the cryptocurrency has been caught between a crucial support and a crucial resistance; every time BTC attempts to break past $8,500 or $10,000, it is rejected.There is a growing sentiment that down will be the direction that Bitcoin eventually breaks, though, …

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Bitcoin's 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs

Bitcoin’s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs | Mining Bitcoin News

During the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June 24, to a low of $8,965 on June 27. Since then the price has increased and the price per bitcoin is back above the $9k zone but much lower than before. The lower price has affected …

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Ethereum US dollar price chart

Ethereum’s Booming Usage Could Spark ETH Drop: Here’s Why | NewsBTC

Ethereum has undergone a consolidation period for over the past month. Since the beginning of June, the second-largest cryptocurrency by market cap has mostly traded between the $217 support and the $250 resistance level. Such a narrow trading range has made it nearly impossible to determine what the future holds for Ether. Nonetheless, the TD …

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Bitcoin remains bullish, btc, price, level

Bitcoin Remains Bullish After Drop Under $9K Due To 3 Factors

Bitcoin remains bullish thanks to three fundamental factors as we are reading today, right when Bitcoin definitely experienced once again a fall under $9,000, which has the consequence of touching the lows that were not experienced more than 7 days ago. An action that resulted in a liquidation of longs that had the worth in …

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3 Fundamental Reasons Why Bitcoin Is Bullish After Drop Under $9k

3 Fundamental Reasons Why Bitcoin Is Bullish After Drop Under $9k

On Saturday, Bitcoin decisively dipped under $9,000, reaching lows not seen in over a week. It was a move that liquidated dozens of millions of dollars worth of longs, shaking bulls from their expectations of upside. Yet many analysts remain fundamentally optimistic, citing a number of trends indicating that Bitcoin still has a bullish undertone. …

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