Crypto Market Rally Continues With Bitcoin Above $4,900, Tech Stocks Bounce Back

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Wed Apr 03, 2019 5:58 am

Tuesday, April 2 — The leading cryptocurrency Bitcoin (BTC) is holding its gains following a rally last night, with other major cryptocurrency markets registering solid growth as well.

BTC is trading at around $4,904 at press time, holding ground on the day after it broke the $4,500 price mark for the first time this year. The coin has gained 17.66 percent on the day, while its weekly gains are over 22 percent.

Today, cryptocurrency bull Brian Kelly suggested that the next Bitcoin target is going to be $6,000, and that cryptocurrency market is finding its bottom.

The second largest cryptocurrency by market capitalization, Ethereum (ETH), is also seeing significant daily gains, up by over 16 percent at press time. The altcoin is now trading at $164.76, while its highest price point on the day was $163.63.

Ripple (XRP) is also up by around 13 percent over the past 24 hours and is trading at $0.3523 at press time. After peaking to as high as $0.348 in the middle of the day, XRP dipped slightly and has nonetheless sustained a gradual upturn to its current price.

As reported earlier today, Switzerland’s principal stock exchange, SIX, listed an XRP-based Exchange Traded Product, claiming that this is the first such product on the market.

On the top-20 cryptocurrency list on CoinMarketCap, all the coins are in the green zone, reporting gains between 0.53 and 44 percent over the past 24 hours at press time.

Among the top gainers, Bitcoin Cash (BCH) is seeing the most gains on the day, up over 44 percent to trade around $242.70. Bitcoin SV is reporting the second most growth, up over 32 percent and trading at around $87.56, while Litecoin (LTC) has seen an increase by over 25 percent on the day to trade at $76.17.

Total market capitalization of all cryptocurrencies is around $171.33 billion as of press time, up from the intraweek low of $137.90 on March 27.

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Today, technology stocks have returned to near-record levels, according to Bloomberg. The communications services sector, including companies such as Netflix Inc., Facebook Inc., and Google-parent Alphabet Inc., has seen a rebound in recent months, with about a 23 percent upturn since its December bottom.

The Dow Jones Industrial Average had slumped for the first time in four sessions. The 30-stock Dow closed 79.29 points lower at 26,179.13, while the S&P 500 ended the day just above the flatline at 2,867.24.
gurumaster
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Wed Jul 10, 2019 3:46 am

You will be prompted to choose a directory to store the Bitcoin block chain and your wallet. Unless you have a separate partition or drive you want to use, click Ok to use the default.
wonshey
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Wed Jul 10, 2019 5:07 am

Servers connected directly to the Internet usually don’t require any special configuration. You can use the testing instructions below to confirm your server-based node accepts inbound connections.
wonai
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Wed Jul 10, 2019 6:52 am

Once you’ve done so, start Bitcoin Core (either the GUI or the daemon), wait 10 minutes, and then visit the Bitnodes page. The tool will attempt to guess your IP address—if the address is wrong (or blank), you will need to enter your address manually.
labie
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Wed Jul 10, 2019 10:06 am

It is possible to configure your node to to run in pruned mode in order to reduce storage requirements. This can reduce the disk usage from over 200GB to around 5GB.
wonshey
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Wed Jul 10, 2019 10:17 am

A value of 0 disables pruning. The minimal value above 0 is 550. Your wallet is as secure with high values as it is with low ones. Higher values merely ensure that your node will not shut down upon blockchain reorganizations of more than 2 days - which are unlikely to happen in practice.
alayemi
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Wed Jul 10, 2019 10:50 am

If not enough nodes perform this function, clients won’t be able to connect through the peer-to-peer network—they’ll have to use centralized services instead.
labie
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Wed Jul 10, 2019 11:25 am

A broadband Internet connection with upload speeds of at least 400 kilobits (50 kilobytes) per second.
wonai
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Wed Jul 10, 2019 11:44 am

Initial block download refers to the process where nodes synchronize themselves to the network by downloading blocks that are new to them.
wonai
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Wed Jul 10, 2019 11:45 am

So your wallet may not count new payments/spendings into the balance.

If you are using Bitcoin Core GUI, you can monitor the progress of IBD in the status bar (left bottom corner).
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