Bitcoin reached an all-time high price Monday, three years after its last spike. Jordan Mansfield/Getty … Source link

Most investors that follow Bitcoin will have recently heard about the growing impact Bitcoin (BTC) futures and options markets have on Bitcoin price. The same can be said for the price swings caused by liquidations at OKEx and Huobi exchanges. Considering that derivatives markets are now playing a much bigger role in Bitcoin price fluctuations, it is becoming increasingly necessary to review some of the key metrics professional traders use to gauge activity in the markets. While reviewing… Source link

REUTERS/Jim Urquhart Bitcoin hit a record high on Monday, surging above its peak reached in December 2017. The world’s most popular cryptocurrency climbed as much as 8.7%, to $19,857.03, bringing its year-to-date gain to 177%. “The Bitcoin correction didn’t last long, with the cryptocurrency having sights set on new highs once again,” a senior market analyst at Oanda said. Rising inflation and increasingly negative views of modern monetary policy are forcing investors to look… Source link

Gold investors are getting anxious, as the precious metal’s prices have slid a great deal since a number of vaccine companies have revealed medicines to combat the coronavirus. The price of one ounce of fine gold is valued at $1,770 per unit after the precious metal registered the third straight weekly loss in a row. Moreover, last week gold saw the largest weekly outflow ever, as investors seem to be selling the… Source link

While some near-term pricing correction is likely to be expected, analysts who spoke to CoinDesk said bitcoin’s latest rally will be more sustainable for the long term compared with 2017, the last time bitcoin’s price hit an all-time high. One difference from the last bull run? The current market has gained support from a new wave of institutional investors mainly based in North America. “You could look at the timing of the rally, which coincided with typical U.S. market open hours,”… Source link

While Bitcoin and Ethereum registered gains in the near-term, the altcoin markets shared a bullish outlook. In fact, the Crypto Fear and Greed Index noted a figure of 88, at press time. Further down the crypto-ladder, while Monero faced some resistance in the vicinity of $125, Polkadot’s momentum swung in favor of the bulls and could last over the coming days as well. Finally, Compound lacked significant buying volume, even as it recorded steady gains from its recent $100-floor. Monero [XMR]

12:00:23 GMT, December 1, 2020. This is the time and date set aside for Ethereum 2.0’s genesis block – representing the biggest upgrade to Ethereum’s network since its inception, and possibly the largest for any established cryptocurrency. But what does the arrival of 2.0 mean for investors? In early November, the Ethereum Foundation commenced the first process of the long-awaited Ethereum 2.0 upgrade specifications, detailing the rules of the genesis phase 0. The phase… Source link

Bitcoin (BTC) returned to $19,000 on Nov. 30 as a weekend surge continued to produce fresh gains for investors and hodlers. BTC price up 18% against weekly lows Data from Cointelegraph Markets and TradingView showed BTC/USD retaking another key psychological level during Monday trading. The weekend had already produced major upside for the pair, which late last week dived to $16,300. By the start of Monday, $18,600 had appeared, with Bitcoin going on to deliver returns of at least 17% versus… Source link

Source: Inked Pixels – Shutterstock Analyst Lark Davis predicts, that Ethereum, XRP, AAVE, AXS and Polkadot will rise in december. The DeFi market and all protocols could see a strong growing adoption in the next months. With the crypto market looking to recapture the momentum it lost towards the end of last week, investors are on the prowl for profit opportunities to pounce on. Lark Davis, a crypto influencer and analyst, has revealed some top digital assets for investors to watch as 2020… Source link

Litecoin is on the verge of a breakout to $100, mostly if the seller congestion at $80 is overcome. The bullish narrative might be invalidated if the TD Sequential indicator’s sell signal on the weekly chart is confirmed. Litecoin is in the middle of a recovery mission after bouncing off the support of $64. The digital asset is trading at $79 while battling the resistance at $80. A break above $80 is likely to catapult LTC towards the coveted $100. Litecoin… Source link