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Bitcoin Correction Leads to Massive $50 Billion Crypto Wipeout

The price of bitcoin is down 5.32 percent on a 24-hour adjusted timeline, but its correction bias is shaking sentiments across the rest of the cryptocurrency market. Following the bitcoin’s slippage to the lower $12,000 level, the total cryptocurrency market capitalization wiped off more than $50 billion in a matter of 12 hours. Leading the…

Bitcoin Crashes $2,500 in Just Two Hours; Coinbase Offline

A flash crash brought the bitcoin price down by up to 18 percent in just two hours. Between 2030 and 2200 on Wednesday, the BTC/USD exchange rate plunged from $13,850 to $11,350, according to data assembled by CoinStats’ cryptocurrency portfolio management app. Earlier that day, the pair had posted a remarkable parabolic jump of more…

Tron (TRX) Beaten by Stronger Bitcoin Sentiment

A healthy bitcoin market is not good for Tron (TRX), proves the past 24 hours. The world’s eleventh largest cryptocurrency market capitalization is appearing weaker against its top contender. The TRX/BTC exchange rate is down more than 16 percent on Wednesday to 282 sats. At the beginning of this month, the pair was trading at…

Bitcoin Soars above $13,500; Eyeing the $20,000 Top

The price of bitcoin has refreshed the highs of January 2018 in the latest upside action. The BTC/USD exchange rate on Wednesday soared above the $13,500 level. As of 1755 GMT, the pair was trading at $13,530, up more than 20 percent in the last 24 hours, according to data assembled by CoinStats’ cryptocurrency portfolio…

This Cryptocurrency Surged by More than 110% in a Week

Bitcoin is winning applause after surging more than 25 percent in a week. But there is another cryptocurrency that is giving the world’s leading digital asset a fierce competition at its own game. Energi (NRG), a relatively unknown digital asset, has emerged as the most profitable cryptocurrency this week. The NRG/USD exchange rate, at the…

Here’s Why Tron (TRX) Could Surge Higher in Coming Days

The Tron (TRX) price is already up by more than 40 percent in June. And there is a possibility that it could rise even further. The latest bullish call comes in the wake of the Tron Foundation’s decision to buy back $20 million worth of TRX tokens. The plan, as of now, stands unconfirmed but…

Bitcoin Soars Above $11,400 In Latest Pumping Round

Bitcoin soared above the $11,400 mark on Tuesday to establish a fresh 15-month high. The BTC/USD exchange rate settled an intraday peak of $11,483 as of 1110 GMT today. The move pushed the pair’s month-to-date gains to more than 35 percent, according to data provided by CoinStats’ cryptocurrency portfolio management app. Investors appear to be…

Bitcoin will Reach $100K by December 2021: Asset Manager

The bitcoin price could reach $100,00 by the end of December 2021, according to Anthony “Pomp” Pompliano of Morgan Creek Capital Investment. The founding partner wrote in his newsletter that he is 70-75 percent confident about bitcoin’s move to attain a six-figure rate. Acknowledging that market predictions are seldom accurate, Pomp nevertheless believed in the…

Facebook Libra is Not a Cryptocurrency, Says Quantitative Analyst

Facebook’s plans to launch its own digital currency, Libra, might have posed competition to bitcoin, but their new product lacks the essential elements to function as a real cryptocurrency, according to Bart Smith of Susquehanna International Group, LLP. The head of digital assets said in an interview to CNBC that Libra is nothing but a…

Bullish TRX News: New York Startup to Launch Stablecoin on Tron

A New York-based FinTech startup is launching a stablecoin on the Tron blockchain. Dubbed as Carbon, the firm is into developing user-friendly payment solutions for the blockchain sector. It decided to launch a TRXD stablecoin, a digital currency backed by a stable fiat currency, mainly the US dollar, to enable the use of modernized tokens…