Bitcoin Rebounds
First a little recap from yesterday's bloodbath! Continuing its prevailing bearish momentum, Bitcoin value fell extensively during the Jan 14 trading session - dropping almost $60 in 12 hours on every major exchange. The volume reports were indicating heavy trading from both bulls and bears' side. The fundamentals were pointing towards mining hash rates that has expressively dropped two days back, following which a number of Bitcoin mining companies announced to suspend services, while others reported losses. At the same time, optimists expected lower value range to open buying....
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