Bitcoin News and Price Overview: Bitcoin Trading Above $6,500 After A Week of Low prices. Wild Bitcoin Prediction Says $50,000 Is Possible. Wednesday, July 4
Important Bitcoin News
Another Satoshi Claim By An Unknown Author
Stylometry is the art of detecting the writer of content through the study of writing pattern. Lately, someone claiming to be Satoshi, the elusive Bitcoin inventor has claimed to be publishing his memoir but the Bitcoin community is mostly not impressed. The book, Duality has received attention of Stylometrist and generated controversy as expected.
Daniel Jefferies, who said he has studied Satoshi’s writing style, said that whoever authored Duality is either Satoshi or someone who has studied his writing style. In a Tweet, he stated, “Is Satoshi writing a book? Is Duality authentic? I weigh in here because I have spent the last few years studying and reading every single word Nakamoto ever wrote as I’m writing a book about Bitcoin as we speak,”
Bitcoin Trading Above $6,500 After A Week of Low prices
Bitcoin is trading at $6,632 after days of lowers prices that saw the coin trade at its lowest value for the year. Since July 2, the prices of cryptocurrencies have been on the upward swing after a drop last week in which it fell below $6000.
Following the Bitcoin lead, Ethereum is up 6 percent, EOS 8.5 percent and IOTA having the greatest rise of 9 percent.
Another Wild Bitcoin Prediction Says $50,000 Is Possible
Arthur Hayes, the co-founder of BitMEX says despite the recent dip of Bitcoin in the past weeks that the coin could hit the $50,000 by the end of the year. According to him, something that goes up to $20,000 in one year can have correction.
"We could definitely find a bottom in the $3,000 to $5,000 range," he said. "But we’re one positive regulatory decision away, many an ETF approved by the SEC, to climbing through $20,000 and even to $50,000 by the end of the year."
BTC/USD Price Chart, Wednesday July 4th:
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