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Bitcoin Price Increases and Forecasts Are Shattered

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Some cryptocurrency research analysts predicted that in 2019 these crypto assets would keep a downfall trend and in the best of cases would hold a steady price. By Moris Beracha Some cryptocurrency research analysts predicted that in 2019 these crypto assets would keep a downfall trend and in the best of cases would hold a steady price. However, April 2 marked a major rise in bitcoin’s Price, which seems to represent new capital injection to the rest of the altcoin market. Just 24 hours before the aforementioned day, bitcoin was traded towards the USD 4.150; then, in less than one hour, it reached USD 4,850 and dropped to USD 4,750, but at the moment of writing this article BTC is traded at USD 7,924.10. As most cryptocurrencies, there is still a high correlation between the traditional assets market and bitcoin and this token is the most liquid cryptocurrency in the market. The crypto market is benefiting from this rise. So far, there are unclear ...

Bitcoin price: is the cryptocurrency heading for a bull run?

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J.P. Morgan’s new virtual coin appears to be reigniting investors’ faith in the market Roslan Rahman/AFP/Getty Images Bitcoin is on course to breaking a six-month stretch of continual losses, as analysts predict a cryptocurrency bull run on the horizon. Since July, bitcoin prices have tumbled from a peak value of $8,160 (£6,310) to $3,480 (£2,690) at the end of January 2019, according to ranking site CoinMarketCap .  The digital coin has been gaining momentum over the past few weeks, however, with prices sitting at around $3,920 (£3,030) as of Tuesday morning.   If values remain at or above their current levels until the end of February, bitcoin will score its first positive month since values began plummeting last summer. Mati Greenspan, senior online market analyst at trading platform eToro, told  The Independent  that bitcoin’s recent gains “may well suggest that the long-awaited bull market is not far away”. But...

What are the things that could help Bitcoin rise?

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By Moris Beracha .-  After a nasty drop in the price of Bitcoin, it seems that the currency is climbing back to its price of last December. Some experts believe that it could increase significantly. However, several things must be done. Firstly, they say, the currency must adopt rates as a store of value and be a medium of exchange, two common functions among conventional currencies. For that to happen, Bitcoin must become a better security infrastructure. “Assuming that Bitcoin will be used in the future as a store of value going forward (e.g., digital gold), a better security infrastructure overarching the entire crypto ecosystem will be needed for people to place trust in this new financial medium and start using it,” says Christian Ferri, President and CEO of BlockStar. “Once this happens, more people will jump in, so a scalable infrastructure will be crucial.” While a better security infrastructure is an important factor that will hel...

Pantera Capital CEO: A Bitcoin ETF is ‘Years Away’

Eustace Cryptus Pantera Capital CEO Dan Morehead believes a Bitcoin-ETF approval is insignificant in comparison to Bakkt and Fidelity launching cryptocurrency trading platforms for institutional investors. Too Early for a Bitcoin ETF, Says Pantera Capital CEO Yesterday, Pantera Capital founder and CEO, Dan Morehead spoke with Messari director of business development and panel moderator Katherine Wu at Bloomberg’s Institutional Crypto Conference.  Pantera Capital has made media waves lately as the firm is one of the first blockchain investment firms and a recent statement to investors floating around Twitter showed the firm’s investment portfolio down 73% on their cryptocurrency investments.  While speaking about the future of cryptocurrency Morehead downplayed the urgency and importance of an exchange-traded fund (ETF) backed by Bitcoin $6473.15 +0.11% . When asked about whether the approval of a Bitcoin ETF and the belief that this would b...