BNB is currently trading at $30.54 after a bullish breakout, gaining $400 million in market capitalization. The digital asset is on the verge of surpassing BCH at $4.4 billion in total, ranked 5th as only $20 million separate both cryptocurrencies. Binance, the exchange behind the coin, saw record-high numbers when it comes to derivatives volume, surpassing Huobi and OKEx, and becoming the leader. Litecoin Price Prediction: LTC Shows Severe Signs Of A Potential… Source link

Bitcoin (BTC) price had been acting inside a narrow range for the last few weeks but the momentum and trend shifted as a bullish breakout occurred on the announcement that Square had allocated 1% of its cash reserves to BTC. This bullish breakout even caused the price to rally from $10,600 to $11,500, which is almost $1,000 in a few days. Despite this strong upside move, traders are still cautious as they are unsure whether the bullish momentum is back or if this is just a temporary blip.

Since January, over $1.5 billion worth of bitcoin has been tokenized into ERC-20 tokens to use in the emerging decentralized finance (DeFi) ecosystem on Ethereum. These DeFi applications offer an increasingly large array of potential use cases for bitcoin investors looking for alternative ways to issue loans or make trades on new exchange platforms.  Tokenizing bitcoin serves as a bridge between these two leading cryptocurrency communities and an important step forward for traders and… Source link

Goldman Sachs, the $71.4 billion investment bank, is reportedly bearish on the U.S. dollar. For Bitcoin (BTC), which has recently rallied above the dreaded $11,100 level, this could serve as a potential catalyst. Bitcoin is heading into the last two months of the year with significant uncertainty. But if the dollar continues to slump, it could buoy the momentum of BTC and gold in the fourth quarter. The daily chart of Bitcoin. Source: TradingView.com Why Goldman Sachs is not optimistic on the… Source link

Bitcoin and cryptocurrency use by terrorists, rogue nations and other criminals has grown in recent years—with high-profile attacks drawing international attention. The illicit use of bitcoin and cryptocurrency ranges from money laundering and tax evasion to extortion, with cyber criminals increasingly demanding bitcoin and crypto payments in ransomware attacks on computer systems. Now, the U.S. Department of Justice (DOJ) has warned the emergence of bitcoin and similar cryptocurrencies… Source link

Bitcoin (BTC) starts the week above $11,000 as fresh gains continue to hold — is $12,000 next or will bears gain control? Cointelegraph takes five factors that could help decide whether this week is bullish or bearish for BTC price action.  U.S. election could send dollar back to 2018 Bitcoin remains sensitive to macro phenomena as Q4 continues, and the U.S. election run-up could produce noticeable turbulence. The outcome of a Democratic win looks bleak for one macro indicator in particular:… Source link

Ethereum Ethereum rose by 0.98% on Sunday. Following on from a 1.48% gain on Saturday, Ethereum ended the week up by 6.23% to $374.38. A bearish start to the day saw Ethereum fall to an early morning intraday low $369.02 before making a move. Steering clear of the 37.2% FIB of $367 and the first major support level at $363.58, Ethereum rallied to a late morning intraday high $377.49. Falling short of the first major resistance level at $379.37, Ethereum slipped back to end the day at $374… Source link

The DOJ published a report on the risks related to end-to-end encryption. The community does not buy the arguments provided in the report. Monero and ZCash experienced a strong rally during the weekend and may be vulnerable to the correction. The privacy-oriented coins Monero (XMR) and ZCash (ZEC) experienced a strong rally during the weekend. They continued gaining ground on Monday as the market is discussing their hack-proof encryption. At the time of writing,… Source link

On Oct. 7 Cointelegraph reported that top crypto traders had kept a bearish stance since mid-September and at the time the Bitcoin (BTC) long-to-short ratio had reached its lowest level in 10 weeks. All of this changed in a matter of hours as soon as BTC broke through the $11,000 resistance. Whenever Bitcoin’s volatility gets too low, it usually signals that traders became too complacent. Naturally, there will be periods of range trading, but short-term unpredictability is Bitcoin’s defining… Source link

Bitcoin has been sent to 350 deputies of the Spanish Congress as part of an educational initiative similar to the “Crypto for Congress” campaign that sent bitcoin to all Members of U.S. Congress. Bitcoin Sent to 350 Spanish Lawmakers All 350 members of Spain’s Congress of Deputies have been sent bitcoin worth a euro each as part of an educational campaign, local newspaper ABC reported Thursday. The Congress of Deputies is the lower house of Spain’s parliament; it has 350 members. The… Source link