Square's $50M bitcoin purchase has analysts doing back-of-the-envelope math on the possibility of rising allocations from corporate treasurers. Bitcoin since Friday is undergoing a slow-and-steady reversal action. On Saturday, the BTC/USD exchange rate witnessed a 1.79 percent increase from October’s low. And today, at the time of this writing, the gains have already extended to 2.44 percent. Experts on Bitcoin Bottom. Opinions regarding Bitcoin forming a bottom have been making to the press from over a month. They are coming mostly ... Binance said hackers were able to withdraw 7,000 Bitcoin (£30.9m) in one transaction after using 'a variety of techniques, including phishing, viruses and other attacks' Bitcoin since Friday is undergoing a slow-and-steady reversal action. On Saturday, the BTC/USD exchange rate witnessed a 1.79 percent increase from October’s low. And today, at the time of this writing, the gains have already extended to 2.44 percent. Experts on Bitcoin Bottom. Opinions regarding Bitcoin forming a bottom have been making to the press from over a month. They are coming mostly ... Because of lower than usual trading volumes on margin trading platforms like BitMEX, the market has been less volatile, and less prone to seeing knee-jerk reactions to bearish news. This may be why Bitcoin’s price has remained strong in the face of multiple bearish news developments, which would typically catalyze far-reaching selloffs. Both bitcoin and gold have been robust in the face of geopolitical instability. We’ve seen interest in bitcoin as a stock market hedge and uncorrelated asset class.
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