Bitcoin Miners Will ‘Defend’ Price Above $6,500 Ahead of Halving: Analyst

Bitcoin Miners Will ‘Defend’ Price Above $6,500 Ahead of Halving: Analyst

Bitcoin price levels will not dip to new lows prior to the May 2020 halving event, market analyst Filb Filb suggests. Bitcoin (BTC) miners want to coordinate the market in order to maximize revenue as the 2020 block reward halving nears.Are miner’s controlling the market?That was the conclusion of a new Bitcoin price analysis by popular trader Filb Filb as BTC/USD neared $9,000 on July 17. The largest cryptocurrency saw considerable downward pressure this week…

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Bitcoin’s ‘Bubble’ Cycle More Bullish Than Amazon’s Dot-Com Era Days

Bitcoin's 'Bubble' Cycle More Bullish Than Amazon's Dot-Com Era Days

Bitcoin recovered more swiftly from its bear cycles than Amazon did during the boom and bust of the dot com era, new data reveals. Bitcoin (BTC) recovered more swiftly from its bear cycles than Amazon did during the boom and bust of the dot com era, data from crypto analytics firm Messari reveals.Bitcoin’s 2019 breakout ‘extremely bullish’ by comparisonFellow industry analytics firm Ceteris Paribus shared Messari’s findings in a tweet on July 17:“The latest $BTC…

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‘Libra Is so Screwed’ — Should Have Used Bitcoin, Says Samson Mow

‘Libra Is so Screwed’ — Should Have Used Bitcoin, Says Samson Mow

Blockstream CSO, Samson Mow, says that Facebook should have just used Bitcoin instead of developing Libra because regulators won’t let it happen. Chief strategy officer at blockchain development firm Blockstream, Samson Mow, declared that he believes that Facebook should have used Bitcoin (BTC) instead of developing its own stablecoin in a series of tweets published on July 16.‘Libra Can’t Be Everything for Everyone’In his tweets, Mow noted that — after watching the entirety of…

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