Bitcoin Surges as Analyst Warns That Binance Triggered ‘Altcoin Winter’

By CCN Markets: The bitcoin price climbed as high as $8,450 on Friday morning, lifting the flagship cryptocurrency to its highest mark since June 3. The trigger for that rally? Binance. The fallout? A punishing “altcoin winter” that could slaughter altcoin valuations while bitcoin continues to trend higher. Binance US Launch Could Trigger Brutal Altcoin…

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Key Bitcoin Metric Barrels to Highest Level Since December 2017

By CCN: As the bitcoin price bounded to a new 2019 high on Friday, a key market metric quietly surged to its highest level since December 2017 when the bitcoin price peaked at an all-time high just under $20,000. Bitcoin Market Share Explodes to 17-Month High That metric, “Bitcoin Dominance,” measures what percentage of the overall cryptocurrency market cap…

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CheapAir’s Bitcoin Love-in Sticks after Clearing $5 Million in 5 Years

By CCN.com: Major travel agency CheapAir has reportedly processed more than $5 million worth of bitcoin payments since its integration of the dominant cryptocurrency in 2013. To better serve cryptocurrency users, CheapAir CEO Jeff Klee said that the firm will soon accept Ethereum. Speaking to Forbes, Klee said: CheapAir is about to start taking ethereum…

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What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co., Ltd., officially entering the bitcoin mining industry. In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust…

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4 Reasons Bitcoin is the World’s ‘Most Compelling Asset’: VC Spencer Bogart

Now is the perfect time to buy bitcoin, according to Spencer Bogart, a partner at Blockchain Capital. Speaking to Bloomberg, Bogart was evangelical about bitcoin, calling it “the most compelling asset in the world right now.” Bogart is notoriously bullish, maintaining a $50,000 price target on bitcoin. Why is he so optimistic during the depths…

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Why Nasdaq’s Bitcoin Index is a Bigger Deal Than Most People Realize

On February 11, Nasdaq, the world’s second-largest stock exchange, launched Bitcoin and Ethereum indices to present accurate prices of the two leading crypto assets. Nasdaq’s Bitcoin Index a Likely Precursor to Crypto Investment Products According to cryptocurrency analyst Alex Ziupsnys, the introduction of the crypto indices of Nasdaq could lead to the approval of a…

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