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Bitcoin and cryptocurrency market bull run in the offing

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In the wake of the latest price appreciation of the leading cryptocurrencies such as Bitcoin, many crypto pundits and experts are trying to come up with reasonable explanations on the sudden price movement being witnessed in the market. Some analysts are leaning towards a short squeeze argument while others argue that the rumors doing rounds on an imminent BTC ETF pronouncement from the SEC have been the driving force behind the new market hype.

For Bitcoin prices, first it was trading at 6,000 US dollars a few months ago, then the number one digital coin skyrocketed to exchange at 8,000 US dollars a few weeks ago. Today, Bitcoin is trading at about 8,176 US dollars per coin (even after the ETF rejection by SEC), a huge difference from its initial value of 5,849 US dollars in June.

Even though the prices have shaken a bit after SEC thrown BTC ETF case file in the air, currently, Bitcoin is on an upward trajectory and back on winning ways once again. In the last one month, the market has witnessed the prices of virtual currency rising by 33 percent and appreciating by 20 percent within the last few days (until the Bitcoin ETF wasn’t rejected).

However, the question many investors are asking is the present value increase foretell the start of another market rally for Bitcoin and other major virtual currencies?

The Price Surge Case for Bitcoin

Protagonists of Bitcoin are standing on their ground and claiming the number one ranked digital currency’s price surge could be the starting point of a bull run that is similar to the one that was witnessed in the latter quarter of last year when digital currency’s value hiked to almost 20,000 US dollars.

According to the CEO and founder of a cryptocurrency-focused investment company, BKLM LLC, Brian Kelly, while talking to CNBC, big traders and sellers have exited from the virtual currency space leading to the drawdown of Bitcoin’s prices.

However, due to Bitcoin’s exchanging share of the overall virtual currency markets, Bitcoin’s dominance in the crypto market space has increased and solidified remarkably. The more investors exchange using BTC, the stronger it becomes. The last few weeks has seen the cryptocurrency’s dominance rate move up, signaling investor confidence and trading into cryptocurrency.

News development has also played a significant role in propelling Bitcoin and cryptocurrency market in general into the mainstream consciousness. I am talking about the news such as:

Pantera Capital announces lifetime returns of more than 10,000 percent

Recently, major digital currency investment company, Pantera Capital disclosed to the world a mind-blowing return of more than 10,000% on its fund. Announcing the news during their 5th year anniversary, Pantera shocked the market airwaves with their pronouncements via email of their envious returns with the company still bullish on Bitcoin and are likely to continue investing in the number one cryptocurrency in the market.

Pantera is devoted to some leading distributed ledge companies and virtual currencies, with its portfolio reading names such as Zcash, Korbit, Bitstamp, Ox, and Polychain.

Other Cryptocurrency news such as the HashFlare Bitcoin mining resumption news, Coinbase Internal probe, and Bitcoin cash allegations are positively impacting Bitcoin prices and the general cryptocurrency market. A majority of the top ten cryptos in the market are starting to make a come-back, we are carefully monitoring the situation, but a continued price surge is expected in the market.

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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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Bitcoin

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

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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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