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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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