David Gokhshtein Noted the “Super Necessary” Correction and Said the Bitcoin Price Will Reach $80,000

PAC Protocol CEO David Gokhstein shared his visions on Twitter regarding the latest Bitcoin situation. Specifically, Gokhstein called the current correction in the market “super necessary” for the flagship cryptocurrency’s price to continue rising. In his opinion, the next step in Bitcoin’s price will likely be the $80,000 mark. Note that, at press time, Bitcoin […]

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Cryptocurrency Trading Volumes Decreased 40% in June

Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price and volume tracking organization. Volumes traded diminished by at least 40% month-on-month, with spot and derivatives trading both suffering due to the mining and trading crackdown in China, amongst other factors. The resulting volatility seems to have made many traders lose […]

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Bitcoin strategy: Why traders should follow this lead

In an uncertain future where Bitcoin’s price might dangle close to its lows, it becomes difficult to imagine anyone profiting. Miners, however, have managed to make profits even when investors did not seem to be making surmounting gains. This was possible thanks to On-chain metrics changing their movements to create historic moments. But, does this mean that miners are […]

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WIll Shiba Inu (SHIB) Explode Again In The Coming Weeks?

Even though many people remain excited about Shiba Inu, one has to wonder how much longer the community will stick around for. As this currency is still down by over 77% from its all-time high, a market reversal seems rather unlikely. For now, the bearish pressure has relented a bit, but there is still much […]

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Iran Prepares Bill to Centralize and Regulate Cryptocurrency Use

The nation’s parliament is reconsidering crypto mining within the country – but on its own terms. Iranian lawmakers recently drafted a bill to “support cryptocurrency mining and organizing the domestic market for exchanges.” Inside the Bill The plan involves making the Central Bank of Iran the primary regulatory body regarding the domestic exchange of cryptocurrencies within three […]

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The last time it was this easy to mine Bitcoin, the price was way lower; But, does this matter?

First, it was the Bitcoin hashrate, now it is the mining difficulty. Both of these crucial metrics are currently ongoing a reset in the industry amidst Bitcoin’s choppy market condition. According to reports, Bitcoin’s mining difficulty recorded its biggest difficulty adjustment of 28% on the network. Bitcoin’s hashrate, at press time, was 87m TH/s, a rating last […]

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On-Chain Analyst Says Current Group of Bitcoin Buyers Can’t Sustain Trillion-Dollar Asset Alone

On-chain analyst Will Clemente says retail traders are buying BTC – but can’t mount a sustainable rally on their own. Clemente is breaking down the notion that retail buyers caused the 50% sell-off in Bitcoin’s price.  According to the analyst, retail holders have actually been adding to their positions aggressively while whales are doing the selling. “It’s […]

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