Traders Who Shorted Bitcoin From All-Time High $20,000 are Cashing Out: Is The Bottom is Near?

In the past two months, several traders who shorted Bitcoin from its all-time high at $ 20,000 have started to cash out in the $ 3,000 to $ 4,000 range. On February 12, a cryptocurrency trader with an online alias “Cryptofungus” revealed that he had closed a year-long Bitcoin short contract. The trader shorted the dominant cryptocurrency since $ 19,665.39. At the time of reporting, the price of BTC remains just above $ 3,500. closing my $ BTC short from 19,665.39 here — Cryptofungus (@crypt0fungus) February 11, 2019 The closure of the trader’s Bitcoin short follows the publicized cash out of former International Monetary Fund (IMF)

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Bitcoin Trading in Venezuela Just Hit an All-Time High Despite a 40% Price Premium

According to the data provided by LocalBitcoins, a peer-to-peer cryptocurrency trading platform, the weekly volume of Bitcoin in Venezuela achieved a new all-time high. Measured in Bitcoin, the weekly volume of the BTC-to-Venezuelan bolivar (VES) pair increased to 2,454 BTC. In U.S. dollars, that is worth $ 8.95 million per week and $ 1.29 million per day. Matt Odell, a cryptocurrency researcher, said that the volume would be higher if the 40 percent premium in the Venezuelan market is priced in. 2454 bitcoin weekly volume x $ 3650 = $ 8,957,100 this week ÷ 7 = $ 1,279,585 per day on average, higher if you

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Coinbase CEO, Brian Armstrong: Bitcoin is “one of the most important inventions of all-time”. It has started a global movement that has pushed firms to disintermediate individuals and their money and data.

Coinbase CEO, Brian Armstrong: Bitcoin is “one of the most important inventions of all-time". It has started a global movement that has pushed firms to disintermediate individuals and their money and data. submitted by /u/himadri-saha
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Bitcoin – The Currency of the Internet