What High School Chemistry Taught Mike Novogratz about Bitcoin

Bitcoin guru Mike Novogratz went where few have gone in expressing his optimism about the cryptocurrency. Beyond merely referring to it as “digital gold,” he said that its role in the crypto market is akin to gold’s on the periodic table.  Novogratz made that connection on Wednesday on the sidelines of the Milken Institute MENA Summit being held in Abu Dhabi. He discussed some of the reasons that he believes Crypto Winter is finally coming to an end, including the arrival of more institutions in the nascent marketplace. Novogratz: Bitcoin is Digital Gold The periodic table analogy may

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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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Newsflash: Bitcoin Price Smashes Past $3,700, How High Will it Go?

The bitcoin price smashed through $ 3,700 as the cryptocurrency market assembled one of its largest intraday recoveries in recent memory. Bitcoin had entered the US trading session on a minor incline and continued to inch upward throughout the morning. Shortly before 17:00 UTC, a wave of buy pressure hit the bitcoin markets, carrying the flagship cryptocurrency from $ 3,450 to $ 3,700 within a matter of minutes. The bitcoin price ultimately peaked at $ 3,711 before settling back down to a present value of $ 3,656. Bitcoin has been wrestling with bearish technical factors throughout the first two months of 2019, coming uncomfortably close

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