Bitcoin (BTC) and altcoin miners fleeing China’s crypto crackdown to neighboring Kazakhstan have been hit with a fresh setback – with signs the nation’s grid may be struggling to deal with an increase in demand. As the cold winter months approach, warning bells have begun to ring, with the Ministry of Energy announcing that disruptions had been experienced at three of the country’s biggest power plants….
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Bitcoin price corrected lower below USD 62,000 and USD 61,000. However, downsides were limited and BTC is currently (04:43 UTC) rising and it seems like the bulls are aiming for a break above the USD 63,000 resistance zone. Besides, most major altcoins are trading above key supports. ETH could gain pace if it clears USD 3,880 and USD 3,920.
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Multiple Chinese provinces are claiming to have stepped up their efforts to crack down on illegal crypto mining operations – an indication that they are either eager to impress the central Beijing government or that some miners in the country are still refusing to shut down….Read More: Chinese Provinces Still Cracking Down on Bitcoin, Altcoin Miners…
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Bitcoin price made an attempt to clear the USD 62,500 resistance. However, BTC failed to extend gains above USD 62,500 and started a downside correction. It is currently (11:52 UTC) correcting lower, but the bulls might remain active above USD 60,000. Besides, most major altcoins are also moving lower. ETH is down almost 4% and traded below the USD 3,800 support.
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Bitcoin price started a steady increase above the USD 60,000 zone. BTC even cleared the USD 62,000 resistance to move further into a positive zone. It is currently (04:27 UTC) gaining pace and it might attempt a break above USD 62,500. Besides, most major altcoins are showing positive signs. ETH is trading above USD 3,800 and it is facing resistance near USD 3,920.
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Bitcoin price extended its upward move above the USD 59,500 level. BTC even tested the USD 60,000 zone before correcting lower. It is currently (12:10 UTC) trading around USD 59,500. Besides, most major altcoins are trading in a positive zone. ETH broke the USD 3,800 resistance zone but failed near USD 3,850.
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Bitcoin price remained well bid near the USD 57,000 level. As a result, BTC started a fresh increase above the USD 58,000 resistance zone. It is currently (04:13 UTC) gaining pace and it might even surpass the USD 60,000 level as the price jumped following a report that the US Securities and Exchange Commission is poised to allow the first US BTC futures exchange-traded fund to begin trading….
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Bitcoin price gained pace above the USD 57,500 level. BTC even surpassed USD 58,000, but it faced hurdles near USD 58,500. There was a minor downside correction and the price is currently (12:04 PM UTC) attempting a fresh increase. Besides, most major altcoins are showing positive signs. ETH is up 7% and settled above the USD 3,600 level.
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Bitcoin price formed a base above the USD 55,000 level. BTC started a fresh increase and cleared the USD 57,500 resistance. It is currently (04:25 UTC) trading above USD 58,000 and it could continue to gain pace in the near term. Besides, most major altcoins are also gaining pace. ETH is up almost 4% and it cleared the USD 3,600 resistance zone.
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Bitcoin price started a downside correction from the USD 57,800 zone. BTC corrected lower below USD 55,500 and it even tested USD 54,000. The price is currently (04:31 UTC) recovering and trading above the USD 56,000 level. Besides, most major altcoins are struggling to start a fresh increase. ETH is consolidating near the USD 3,500 level.
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