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Bitcoin gains 5% to reclaim $20K, eyes first ‘green’ September since 2016

[ad_1] Bitcoin (BTC) delivered long-anticipated volatility on Sep. 27 as a squeeze higher resulted in a push beyond $20,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price 9-day highs greet tradersData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it added over 7% after the Sep. 26 close.Local highs of $20,344 appeared on Bitstamp before the pair began consolidating at around $20,200.The move naturally did not go unnoticed by in
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What will happen to Bitcoin and Ethereum if traditional markets break?

[ad_1] Michael J. Burry, the financial wizard who was portrayed in the movie "The Big Short", is known for predicting crises. For instance, his investment fund made billions from the 2008 housing crash, and Burry liquidated almost all his entire portfolio during the 2Q of 2022.Given that no one seems to know whether traditional markets will bounce before entering a further recessive environment, it might be a good time to
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Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar

[ad_1] On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volatility simply reflects investors' doubts about the government's capacity to withstand the growing costs of living across the region.The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy,
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Traders brace for Bitcoin price volatility as DXY 2022 gains near 20%

[ad_1] Bitcoin (BTC) volatility edged higher during Sept. 26 as the Wall Street open avoided significant losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMonthly close tipped to shake up BTC priceData from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $19,000 on the day, with hourly candles of 1.5%–2% not uncommon.The pair was expected to break out of its narrow trading range in the short term, having consolidated since Sept. 22.For
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3 reasons why USDC stablecoin dropping below $50B market cap is Tether’s gain

[ad_1] The market capitalization of USD Coin (USDC), a stablecoin issued by U.S.-based payment tech firm Circle, has dropped below $50 billion for the first time since January 2022.On the weekly chart, USDC's market cap, which reflects the number of U.S. dollar-backed tokens in circulation, fell to $49.39 billion on Sept. 26, down almost 12% from its record high of $55.88 billion, established merely three months ago. USDC versus USDT weekly market
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‘The bond market bubble has burst’ — 5 things to know in Bitcoin this week

[ad_1] Bitcoin (BTC) starts a new week staring down a wild macro environment after sealing its lowest weekly close in nearly two years.As risk assets across the global economy take a hammering and the United States dollar surges, the largest cryptocurrency is on a limp footing.September, having started out on the bulls’ side, is now living up to its informal crypto market nickname, “Septembear,” and BTC/USD is currently down 6.2%
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5 altcoins that could turn bullish if Bitcoin price stabilizes

[ad_1] The major United States stock market indexes continued their decline last week as worsening macroeconomic conditions increased concerns of a global recession. The Dow Jones Industrial Average closed at its lowest level in 2022, and major indexes recorded their fifth weekly close in the past six weeks.Although Bitcoin (BTC) has only declined marginally this week, it risks closing at the lowest level since 2020. While a new multi-year weekly
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Bitcoin risks worst weekly close since 2020 as BTC price dices with $19K

[ad_1] Bitcoin (BTC) headed for its lowest weekly close since 2020 on Sept. 25 as a week of macro turmoil took its toll.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader prepares for “important week” for BTCData from Cointelegraph Markets Pro and TradingView showed BTC/USD trading near $19,000 with hours left to run on the weekly candle.While only down $400 since the week began, the pair offered traders little optimism amid fears
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The biggest Bitcoin fund just hit a record -35% discount — A warning for BTC price?

[ad_1] Grayscale Bitcoin Trust (GBTC), a cryptocurrency fund that currently holds 3.12% of the total Bitcoin (BTC) supply, or over 640,000 BTC, is trading at a record discount compared to the value of its underlying assets.Institutional interest in Grayscale dries upOn Sept. 23, the $12.55 billion closed-end trust was trading at a 35.18% discount, according to the latest data.GBTC discount versus spot BTC/USD price. Source: YChartsTo investors, GBTC has long
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XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?

[ad_1] XRP price posted a sharp rally against Bitcoin (BTC) on continued optimism about a potential settlement between Ripple, a San Francisco-based blockchain payment firm, and the U.S. Securities and Exchange Commission (SEC).Settlement rumors fuel XRP price boom On Sept. 23, the XRP/BTC pair surged to 0.00002877 — its best level in 13 months — from 0.00002132, a 35% price rally versus Bitcoin in one day. Meanwhile, the same timeframe saw XRP