Bitcoin Pulls Back From Resistance, Support at $49K-$50K
Pullbacks appear to be limited given breakouts on the charts.
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Sep 7, 2021 at 8:23 p.m. UTC
Sep 7, 2021
Bitcoin
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Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
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‘Mixed Picture’ in El Salvador as Bitcoin Becomes Legal Tender
El Salvador became the first country in the world to adopt bitcoin as legal tender on Tuesday, despite widespread local skepticism. Peter McCormack, host of the popular podcas...
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Sep 7, 2021 at 8:10 p.m. UTC
Sep 7, 2021
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Why Crypto Markets Are Pulling Back
El Salvador is on a bitcoin buying spree after the cryptocurrency became legal tender in the country on Tuesday, but the crypto markets remain in the red in pullback mode. Mic...
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Sep 7, 2021 at 8:10 p.m. UTC
Sep 7, 2021
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Bitcoin Briefly Drops Below $43K, Wipes Out Past Week’s Gains
A new chart of the bitcoin price over the past week reveals the impact of Tuesday’s wipeout. Bitcoin tumbled 11.3%, the most since May and plunged as low as $42,900 during the...
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Sep 7, 2021 at 8:10 p.m. UTC
Sep 7, 2021
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Bitcoin Now Legal Tender in El Salvador, Marking World First
In a show of support, crypto proponents are buying $30 worth of bitcoin to commemorate the occasion known colloquially as “Bitcoin Day.”
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Sep 7, 2021 at 8:04 p.m. UTC
Sep 7, 2021
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Bitcoin Tumbles Most Since May and El Salvador Buys the Dip
Price drop triggers about $3 billion of liquidations of trading positions due to margin calls.
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Sep 7, 2021 at 7:40 p.m. UTC
Sep 7, 2021
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BTC Briefly Dropped Below $40K on Huobi Amid Massive Liquidation
More than $3 billion in long positions were liquidated on Tuesday.
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Sep 7, 2021 at 7:06 p.m. UTC
Sep 7, 2021
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Bitcoin Now Legal Tender in El Salvador, Marking World First
Bitcoin’s price fell 11.3% Tuesday as the cryptocurrency officially became legal tender in El Salvador, three months after the Bitcoin Law passed the country’s legislature. Pr...
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Sep 7, 2021 at 6:52 p.m. UTC
Sep 7, 2021
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Bitcoin Tumbles Most Since May
“The Hash” panel analyzes the crypto markets and outlook as all major cryptocurrencies are in the red. Bitcoin tumbled 11.3%, the most since May, leading a broad retreat from...
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Sep 7, 2021 at 6:52 p.m. UTC
Sep 7, 2021
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El Salvador’s Bold Bet on Bitcoin Could Inspire the World
The standard playbook for building national wealth doesn’t work anymore. Bitcoin provides an alternative.
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Sep 7, 2021 at 4:43 p.m. UTC
Sep 7, 2021