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Bitcoin Slips Below $10,000; Where It Would Go Next?

Bitcoin price fell on Tuesday as investors wrapped their heads around increased financial regulations. The bitcoin-to-dollar exchange rate today established an intraday low of $9864.99, down 5.67 percent on a 24-hour adjusted timeframe according to data provided by CoinStats’ cryptocurrency portfolio management app. The move downhill came as a part of a broader downtrend, which…

How Erlay Maintains Bitcoin’s Long-term Bullish Aspects

Bitcoin core developer Greg Maxwell recently published the whitepaper of Erlay, a transaction relay protocol aimed at reducing the amount of bandwidth utilized by the bitcoin nodes by almost 84 percent. Co-authored by Gleb Naumenko and Pieter Wuille, the paper discussed how nodes in the current Bitcoin protocol relay Transaction IDs to all its peers. Sometimes,…

US Stockbroker Puts Gold above Bitcoin against Gloomy US Economy

Rival assets bitcoin and gold are rising in tandem against a weaker US dollar. But, according to Peter Schiff of Euro Pacific Capital Inc., gold has a better probability of holding its gains. The chief global strategist said on Monday that gold is rising as a haven asset, while bitcoin is merely behaving like a speculative…

Analysis: Its ​Do or Die for Stellar (XLM) Bulls Now

Stellar (XLM) has plunged 3.68 percent against the US dollar in the previous 24 hours, according to CoinStats’s cryptocurrency tracker. The XLM/USD instrument on Monday settled an intraday low of $0.105 while continuing one of its most extended downtrend cycles. The move brought the pair about 15 percent down on a weekly timeframe. Meanwhile, the…