Calm before the storm? Analyst says $20K Bitcoin possible in 3 months

The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be imminent. Since July 2020, Bitcoin has been ranging between $10,200 and $11,800, a 15% range. It has seen subdued volatility for a prolonged period, except for some short instances of a volatility spike. When Bitcoin stays stable for a long time in a tight price range, a major price movement typically occurs.  Whether a breakout would occur…

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BitMEX charges, Bitcoin stays calm, KuCoin ‘identifies’ hack suspects

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   CFTC charges BitMEX with illegally operating derivatives exchange The U.S. Commodity Futures Trading Commission has charged the derivatives exchange BitMEX with operating an unregistered trading platform and violating Anti-Money Laundering regulations. A civil enforcement action has been filed against five entities and three individuals who allegedly own and operate the exchange — including BitMEX CEO Arthur Hayes. The CFTC is accusing the exchange of…

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Bitcoin price says keep calm and carry on

Bitcoin (BTC) price appears on the verge of closing another week pinned below the $11,000 resistance but given the major events of the week, things could have been so much worse.  Cryptocurrency daily market performance snapshot. Source: Coin360 The top-ranked cryptocurrency by market cap held its ground as KuCoin revealed more than $150 million worth of assets had been stolen from the exchange, and the price only stumbled slightly as the CTFC announced that legal action was being taken against BitMEX exchange.  The price again avoided collapse when DOW and…

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No Trader Interest or Calm Before the ETH Storm?

Media magnate Steve Forbes recently criticized cryptocurrencies for their volatility, saying that one day they can be a steak, and the next day they can turn into dog food. Price fluctuations have accompanied the digital currency market since its inception and have been an important reason for the interest of traders in cryptocurrency. But it seems that something has gone wrong in the last couple of months. As strange as it seems, Bitcoin (BTC) and Ether (ETH) have been demonstrating unusual stability since late May. And while a relatively stable…

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