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Japanese internet giant GMO has just announced plans to launch a new stablecoin backed by the Yen. The new coin will be called GMO Japanese Yen and is expected to arrive at some point in 2019. The company is already invested in mining hardware and cryptocurrency exchange businesses,...
Hello and welcome to News BTC’s Market Outlook December. BTC/USD Bitcoin rallied again during the trading session on Friday, reaching towards the $10,600 level but looks to pull back a little bit in this area. However, we have made a “higher high”, so I believe that this short-term pullback...
Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin rallied again against the US dollar, as we are approaching the $11,000 level. At this point, anytime you get a pullback in the market there seems to be buyers. I would anticipate that the “floor” is probably the...
Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin fell a bit after initially trying to rally on Tuesday, as we continue to meander around the $9800 level. I believe it is only a matter of time before the market tests the $10,000 level, and I suspect...
Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin has rallied yet again during the trading session on Monday, reaching towards the $9600 level. At this point, we are overbought by just about any metric that you would use. However, I believe that there is such...
Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin rallied slightly during the Friday trading session, as we tested the $8000 level for support. By bouncing from there, it looks as if we are ready to continue to bounce around between the $8000 handle on the...
Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin continues to wade just above the $8000 level, as we continue to see that area attract a lot of support. With the Thanksgiving holiday and the subsequent day after, most Americans won’t be bothered trading. Because of this,...
Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin fell slightly against the US dollar after initially trying to rally on Wednesday in what could probably be best described as listless trading. The $8000 level below should be psychologically supportive though, so I expect that this is...
Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin remains volatile, as we have cleared the 8200 level now. It looks as if we are going to continue to find a “buy on the dips” mentality, and therefore selling is all but impossible to do at this...
Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin rallied on Monday again, breaking well above the $8000 level, and came very close to touching $8200 in early trading. The market is overextended, but we have a significant amount of support extending down to the $7500 level,...
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