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Bitcoin as a national currency? What are the chances it could actually happen?

Could Bitcoin become a national currency in the US? The co-founder of Morgan Craig digital believes so… As previously reported by CryptoDaily, the United States-based MicroStrategy company that provides business intelligence and mobile software has recently come into the position of a large amount of bitcoin. There were numerous different reasons for the generous amount following into the companies hands including safeguarding itself from the imminent tide in art of inflation but more interestingly, it took advantage of what the company believes is the most authentic niche in value storage and has been an industry favourite for the past few...

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Bitcoin ATMs can take crypto adoption to the next level

Cryptocurrencies have steadily established themselves as highly convenient, user friendly, and reliable, especially in the last decade.  For a long time, Fiat currencies have battled with many flaws; however, they are under government regulation and central banks and remain mainstream to keep economic sanity. Indeed, cryptocurrencies presently do not stand a chance as rivals for traditional currencies. However, cryptocurrencies continue to increase in valuation and popularity. There is a continuous attempt to create synergy between fiat currency and cryptocurrency. One such effort is the bitcoin ATM that is now available in over 60 countries. In October 2013, a Robocoin machine...

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BTC/USD Looking Defensive with 11000 in Jeopardy: Sally Ho's Technical Analysis 21 September 2020

Bitcoin (BTC/USD) continued to orbit the 11000 figure early in today’s Asian session as the pair gave back recent gains that saw it propelled higher to the 11179.90 area, a move that saw Stops elected above the 11153.22 area, representing the 50% retracement of the recent depreciating range from 12486.61 to 9819.83.  The next upside levels in this range include the 11467.90 and 11857.25 areas.  Additional upside levels that are being closely watched include the 11220.32 and 11551.18 areas, and Stops are likely in place above these areas.  Traders are observing that BTC/USD has recently been trading between the 200-bar 4-hourly simple...

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How bitcoin investors reacted to COVID-19

This year has gone very quick despite a plethora of events taking place.  The Black lives matter movement took full effect following the death of George Floyd in Minneapolis and of course, coronavirus became a thing.  This year has gone very quick despite a plethora of events taking place. The Black lives matter movement took full effect following the death of George Floyd in Minneapolis and of course, coronavirus became a thing.  As the pandemic began, retail and institutional bitcoin investors needed to act fast but they didn’t do the same as each other. This is according to research from...

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BTC/USD Eyeing 11220, 11467, and 11551: Sally Ho's Technical Analysis 20 September 2020 BTC

Bitcoin (BTC/USD) saw some improved sentiment early in today’s Asian session as the pair continued to try to add to recent upside gains around the 11000 figure.  Stops were elected above the 11153.22 area during yesterday’s European session, representing the 50% retracement of the recent depreciating range from 12486.61 to 9819.83.  The next upside levels in this range include the 11467.90 and 11857.25 areas.  Traders pushed the pair higher to the 11179.90 area during yesterday’s North American session before some selling pressure emerged.  Additional upside levels that are being closely watched include the 11220.32 and 11551.18 areas, and Stops are likely in...

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