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For almost three months there has been no significant price change with Ethereal, what exactly happened?
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Even if they do not accurately understand how it works, most people are at least somewhat familiar with Bitcoin. However, once they begin to get involved with cryptocurrency, they may be surprised to learn that there are actually hundreds of types of cryptocurrencies known as altcoins. Altcoins are an intriguing facet of the cryptocurrency landscape, but they are not for everyone. Altcoin newcomers often have many questions, and this guide will provide a brief overview of altcoins to help beginners decide whether or not to invest in them as part of their cryptocurrency portfolio.
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I think the fundamental technics that are more affect the bitcoin price in comparison with his technical analysis. How do you think?
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Bitcoin price touched the $5,000 mark for the first time this week, confirming Max Keiser’s prediction that it would reach that milestone this week. However, this achievement triggered a sell-off, causing the bitcoin price to pull back to its early-week levels.
After finally breaking through the $4,500 wall earlier in the week, the bitcoin price began to soar. On September 1, bitcoin flew past $4,800, and by the morning of September 2, it appeared poised to challenge the $5,000 mark.
And that it did. Around 1:00 UTC, the bitcoin price leaped over $4,900 and continued to rise. At 2:00 UTC, bitcoin touched $5,000 on several exchanges–including OKCoin–although its CoinMarketCap average topped out at $4,975.
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Computer processor producer AMD released a new graphics card (GPU) earlier this week, and within 5 minutes the product was sold out on every major online marketplace. Supplies of the AMD Vega 56 were already expected to be tight due to manufacturing issues, but the near-immediate sellout left gamers seething at cryptocurrency miners for gobbling up the limited supply. The cryptocurrency markets have seen an unprecedented bull run in 2017, and increasing prices and media attention have caused demand for mining hardware to soar. Some cryptocurrencies, like ethereum, are–at present–mined most effectively using GPUs. Because the process is so competitive, miners need the latest technology to remain profitable. In the past, ethereum miners even resorted to leasing Boeing 747s to ship their processors so they could get a leg up in the hashpower race. The present surge in demand has often left PC gamers unable to obtain the latest GPUs without paying far over market value. And they are absolutely furious. The Vega 56, for instance, is difficult to find for less than $100 over MSRP. Some retailers have attempted to give gamers access to the Vega 56 by creating hardware/software bundles that would not appeal to miners, but the end result is that gamers still pay more than they would like. Raja Koduri, senior vice president and chief architect of the AMD Radeon Technologies Group, posted a Twitter thread weighing in on the controversy, stating that “we live in interesting times”
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The markets bounced back on Thursday following a sluggish performance on Wednesday. Bitcoin price led the way, fighting its way to a new record of $4,739 on Bitstamp. The ethereum price, meanwhile, continues to climb toward $400. Altogether, 80 of the top 100 cryptocurrencies made progress, lifting the total crypto market cap to a new all-time high above $170 billion.
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The CBOE (Chicago Board Options Exchange) has announced it will list bitcoin futures and create a futures market, said Balchunas. In early August, CNBC reported that pending review from the U.S. Commodities Futures Trading Commission (CFTC), the CBOE plans to offer cash-settled bitcoin futures in the fourth quarter of this year or early 2018
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