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Bitcoin, Ripple, Ethereum, EOS, Stellar, Bitcoin Cash, Litecoin, Bitcoin SV, TRON, Carda…

19 Dec Bitcoin, Ripple, Ethereum, EOS, Stellar, Bitcoin Cash, Litecoin, Bitcoin SV, TRON, Carda…

Posted at 21:41h in Bitcoin News by

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

Mark Dow, a former International Monetary Fund (IMF) economist who had bet short on Bitcoin in December of last year, has tweeted that he has covered his positions. However, Dow also mentioned that he has not opened a long position and has no interest in doing so.

Another prominent trader, Mike Novogratz, an ex-Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, expects the leading digital currency to hold $3,000. He anticipates a consolidation between $3,000 and $6,000 in the near future.

A few crypto hedge funds that had jumped on the bandwagon without proper risk management measures are closing down. However, others — like Morgan Creek Digital — are getting more aggressive in…

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