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Crypto markets have just hemorrhaged $20 billion in their largest selloff of 2020. Bitcoin plunged almost a thousand dollars in a couple of hours but what has caused it? Just when crypto markets started to look bullish again with total capitalization approaching $300 billion a huge selloff occurred in a matter of hours. Around $20
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The crypto correction that began over the weekend has accelerated into Monday morning as bitcoin slides back towards support. Altcoins, which have rallied hard recently, are in deeper pain with several dumping double digits today. Total crypto market capitalization has dumped a further $15 billion over the past 24 hours or so. The slide has
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South Korea has been trying to become the world’s leading exporter of popular culture. The country’s “soft power” in the global community is increasing at a stratospheric pace. The rapid development of K-culture is helping the government generate immense profits. The South Korean entertainment industry cannot be stopped. Bands like BTS and movies like “Parasite”
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Bitcoin’s status as an uncorrelated asset makes it extremely difficult to gauge the timing of the market cycle. Its volatility makes it easy for traders to get pump-faked and get liquidated when the market takes an unexpected reversal, so, are we finally in a bull market? Are We in a Bitcoin Bull Market? Benjamin Cowen,
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Bitcoin has consolidated above $10,000 this week, gaining 45% year-to-date. According to a technical analyst, the rally hasn’t consumed yet. Bitcoin Enters High-Momentum Phase JC O’Hara, chief market technician at MKM Partners, told CNBC’s “Trading Nation” yesterday that cryptocurrencies tend to trade in two distinguishable phases. The first is the dormant consolidation phase, which is
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After a brief dip below $9,800, Bitcoin is again moving up. It has passed $10,400 over 24 hours with all signs pointing toward greater gains in the days ahead. OPTIMISM IS GROWING FOR MORE BITCOIN GAINS With the second break above USD $10,000 in two days, analysts are no longer debating whether or not Bitcoin
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China’s real estate market is showing signs of collapse as the spread of coronavirus intensifies. Inflation is surging as the disease disrupts businesses and supply chains. A government researcher says the economic impact of coronavirus could shave as much as 1 percentage point from full-year GDP growth. Coronavirus is wreaking havoc on the Chinese economy:
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