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Bitcoin (BTC) $8000, Next Stop $10k

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Bitcoin (BTC) continues the new bull run by reaching $8,000 and even surpassing it. Now, crypto experts, including the billionaire Mike Novogratz are setting the next milestone at $10,000 per coin.

Bitcoin (BTC) continues to rise

For over a week now, Bitcoin (BTC) has been on a rise, for the first time in months. Cryptos have had only one period that indicated an improvement since the beginning of the year, and that was in mid-May. Now, a new bull run has had everyone excited, especially this time, it seems to be a legitimate market recovery.

Bitcoin has led the bull run and has exceeded $8,000. This is the first real increase since the beginning of 2018 and the first time that BTC’s value has gone above $8,000 in the last two months. Bitcoin enthusiasts, analysts, as well as the hedge fund manager and billionaire, Mike Novogratz, claim that the next big milestone for BTC is $10,000.

Not only that, but everyone also believes that the regulatory clarity that is expected in the next few months might bring BTC back to its peak, and return its price of $20,000 per coin. The new development is also expected to attract new institutional investors, even those who were purposefully hesitant to join the crypto trend up to this point.

At the time of writing, Bitcoin’s price is at $8,254.49, with a rise of around 3.32%. For over a week now, Bitcoin has been seeing almost nothing but green, and many expect that the bull rally has started for real, this time. It all started with a 19% increase that hit the crypto last week. The trend continues this week as well, and Bitcoin continues on its way back.

Changes in Bitcoin’s behavior are known to be a strong influence on other cryptocurrencies, and most of the time, the others follow BTC’s example. This time, however, while Bitcoin continues to grow with each day, most of the other altcoins, including the biggest ones, are in the red. Ethereum (ETH), Ripple (XRP), TRON (TRX), Stellar (XLM), Cardano (ADA), IOTA (MIOTA) are all reporting loses, while BTC flourishes.

Thanks to a situation like that, BTC is dominating the market, with its dominance increasing well above 46%. This marks a positive change, considering that BTC’s dominance has been going down ever since the year started. Now, however, the situation seems to be changing, and many are expecting for BTC to even hit some new records.

From $8,000 to $10,000, with $20,000 coming next

Obviously, a shift like this has been something that BTC investors and crypto enthusiasts have been waiting for over half a year. Now that the coin has gone bullish again, many expect it to reach the old heights as soon as possible.

Mike Novogratz, a known billionaire and a hedge fund manager, who was also a partner at Goldman Sachs previously, has always been a strong crypto supporter. According to him, Bitcoin has run out of lows to reach, and it can only go up from here on. He predicts that the coin’s next stop is $10,000, with $20,000 being the next milestone.

Novogratz also gave a comment regarding the current situation during the South Korean Beyond Blocks Conference. At that occasion, he said that institutional investors are the biggest change this year. He also predicted that the entire ‘herd’ of them will be heading for the crypto market soon enough.

Still, Novogratz recognizes that Bitcoin requires additional regulatory clarity in order to make a stable move back up. Still, he believes that BTC is on a good path that will bring it back to greatness, and has also previously stated that he expects for BTC to hit $25,000 by the end of the year.

He has since reduced this amount due to his belief that regulatory clarity and custody solutions have yet to arrive. Still, he continues to claim that it is only a matter of time before this becomes reality, stating that it will likely come to pass in the next 6-18 months.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Trusted Crypto Tumbler To Protect Your Wealth

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Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

Bitcoin

5 Best Places to Bet with Bitcoin

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It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

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Bitplaza Inc Introducing Cryptocurrency to Retail

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Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

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