Today we are excited to announce a major milestone for Australian exchanges. Cointree has secured significant strategic investment from Silicon-Valley-based data analytics company, Indica Labs Inc.
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In an exciting week for investors, Bitcoin led all markets, bursting through the rising channel and claiming a new multi-year high of $22,000 AUD.
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In the week that was, Bitcoin sensationally burst into the mid $19,000’s and had many thinking we would see a $20,000 BTC but it wasn’t meant to be.
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Bitcoin powers to new yearly highs above 18k! At the beginning of the week we caught a 6% rise that pushed BTC over $18,000 AUD and reached a weekly high of $18,628.
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Is Bitcoin ready for the Bull Market? A week of consolidation ended with a ripping Bitcoin breakout toward $17,000, and at the time of writing the leading cryptocurrency sits at $16,640 AUD.
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Stairway to heaven? In a wild week for Bitcoin investors, the largest crypto by market cap ripped through the $15,000 resistance level and reached a high of $16,200 at the time of writing.
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Is Bitcoin ready to make a big move? We saw another week of low volatility where the largest crypto by market cap ranged between $14,500 & $15,000 AUD - the holding pattern is likely due to events in the US that spooked markets across the board.
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As Bitcoin can so often do, the 4% gain we saw early in the week has now fully re-traced and it now finds itself at the key $15,000 AUD level, yet again. No matter the pull-back, the market is slowly grinding higher...but that too could turn quickly.
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How far will Bitcoin fall? Bitcoin began the week looking positive with a move back up to $15,000 but it has since broken down to $14,500 AUD at the time of writing.
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We are exceited to announce we will be supporting over 30 new coins on our platform with over 9,000+ additional trading pairs. We have included the latest stablecoins and Defi tokens bringing our new supported coin total to over 130 coins.
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Was that the bottom? Bitcoin began the week getting crushed to a low of $13,500 - and since then, it has recovered over 9% at the time of writing - fighting it’s way above $14,500 AUD.
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