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Bitcoin (BTC) Rises While Altcoins Struggle to Follow

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After months of going down, Bitcoin (BTC) finally seems to be on a steady rise once again, and experts believe that the coin has barely started its return. While altcoins have seen significant increases also, they still cannot hope to match Bitcoin’s new behavior.

Bitcoin (BTC) still on the rise

Ever since early January, cryptocurrencies have had their prices dropping constantly, and it came to a point where many have started to question whether cryptos will really survive the downfall. Now, after more than 6 months, Bitcoin has led another bullish run by spiking up by 19% during last week.

This week has seen another increase, 5.8% on Monday alone, which has put even more distance between the first crypto and its altcoins. Over the years, many cryptos have emerged and claimed to be Bitcoin’s rivals, but now, it would seem that BTC is denying those claims by leaving all other coins in the dust.

This even includes the second and third coin as per CoinMarketCap, Ethereum (ETH) and Ripple (XRP). Since Monday, Bitcoin’s cut a tiny portion of its advance, but even though its rise dropped from yesterday’s 5.8% to today’s 4.7% compared to last week, the coin still has a significant head start.

Currently, Bitcoin’s price is at $7,998.74, which leaves BTC at the highest value in the last two months. Even the broader crypto market has turned out to not be capable to keep up with such an increase, and Bitcoin seems to be flourishing, leaving other coins’ progress barely noticeable.

Is the increase only starting, or is it about to end?

It is no secret that 2018 has been a very tough year for cryptos. A lot has been achieved in the real world, especially regarding their adoption, partnerships, projects, and alike. Within the crypto market, however, the prices continued to go down day after day. A slight increase in mid-May has left everyone hoping, only to re-live another January, when the prices crashed to pretty much the same lows as before.

The two months after that were especially tough, and filled with negative news of lawsuits, hacks, strict regulations, and more. Still, the long-awaited bull market seems to have finally started last week, and cryptos have been on a constant rise ever since.

While there are many skeptics who remain certain that the rally will and every minute now, there are many experts and market technicians who claim that cryptos are just getting started. Not only that, but they have been expecting it and warning about it for months. Now, many are wondering why is BTC doing so much better than the altcoins?

The answer to this might lie in its status as the largest crypto, which Bitcoin can benefit from, while all the other cryptos are only allowed to follow from a distance. The alternative is that the altcoins’ reputation has been damaged after the Group of 20 nations’ decision to classify them as crypto-assets that do not possess the attributes needed to be considered sovereign currencies.

On the occasion, they stated that crypto assets are not a threat to the global financial stability. At least, not at this point. It was decided that October of this year will see the final decision regarding how the standards apply to the case of crypto assets.

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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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New Tendencies of Bitcoin Gambling

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Gambling has always been an integral part of human nature. Nothing is sweeter than the money you win, and that’s why wagering games have always captivated people throughout history. Last couple of decades saw the gamblers switch increasingly towards virtual gaming, instead of physically being inside a casino. The popularization of online casinos led to the integration of Bitcoin Gambling into the systems and today a very large share of the casino industry is based on the virtual currency.

Reasons behind the transition

The tendency to switch from classic casino environment was dictated by the fact of mobility and accessibility. But the new age has brought us cryptocurrencies like Bitcoin that revolutionized the gambling business. From now on, the gamblers of the world don’t have to rely on traditional banking transactions to be able to enjoy themselves online. A simple crypto-wallet and ownership of virtual currency is enough to engage in Bitcoin Gambling.

Bitcoin Gambling and Blockchain Technology

The big reason for the heavy shift towards Bitcoin Gambling is the fact that Bitcoin and other cryptocurrencies are based on the blockchain technology. This means that the process is decentralized, resulting in a much faster speed of transactions, when it comes to depositing or withdrawal of funds in or from the casino accounts. It also makes gambling incredibly secure,…

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Bitcoin will return to the bear market? Bex500 senior investor teaches you how to get profit in the Bear market

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—— Don’t forget to join Bex500 bonus program at the bottom of the article.

Since September, the Bitcoin price has been decline from beyond $10000 to below the $8000, which 20% of the bitcoin value has been removed. The collapse of bitcoin price brings about the new panic in the bitcoin trading market. Many bitcoin investors are scared of the returning bear market as the early of this year. On the contrary, some of the bitcoin-believer, especially the investor who brought Bitcoin in the height of the price still thought that the bitcoin price will rebound very soon. However, it is no doubt that the early stage of the bear market has been shown up in the past month. Many crypto analysts start to predict the bottom price of this market movement.

However, as the market developed, crypto traders have detected more tools to safely pass through the bear market. They realized more ways to avoid the loss of the price decline; moreover, they began to earn profit from the bear market. The key to the tools is the bitcoin futures contracts. We are honored to make an interview with Bex500 senior investor Tom Beck and he introduces the details about bitcoin futures contracts. (Reporter=R, Tom Beck=T)

R: Hi, Tom, Thank you for accepting our interview, Could you introduce yourself?

T: Sure, My name is Tom, I have over…

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