According to Santiment, ETH funds on exchanges have reached a two-year low.  The total value locked up in the DeFi sector has exceeded the previous all-time high. In the last 30 days, Ethereum has showed the highest profits within the top 10 by market cap with 22.23%. Only surpassed by Bitcoin (40.17%), ETH’s price seems to be driven by two factors: the launch of the deposit contract for Ethereum 2.0 and the progressive recovery of the DeFi sector. At the time of publication, ETH is

Joe Biden, the U.S. President-elect, is preparing to move his administration into the White House and bitcoin supporters are hoping Biden will take a more favourable stance toward crypto than President Donald Trump. Last year, Trump sent shock waves through the world of bitcoin and cryptocurrencies when he tweeted a tirade against bitcoin, sparked by Facebook’s plans for its libra cryptocurrency. Now, the bitcoin and cryptocurrency community is eagerly looking forward to Biden’s… Source link

A Bitcoin (BTC) whale placed a $100 million short on Bybit, according to the pseudonyms trader CL. It comes after various on-chain data points toward a whale-driven sell-off throughout the past week. Though the momentum of Bitcoin remains strong, there are many reasons that make $16,000 an attractive area for sellers. There is significant liquidity at $16,000, primarily because it is a heavy resistance level. But the level has seen relatively high buyer demand, stablecoin inflows show. Hence,… Source link

There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside. The combination of energy arbitrage with accumulating a balance sheet of Bitcoin (BTC) can deliver this. That is why we are seeing a rush of institutions pouring into the Bitcoin mining space and starting to build out megafacilities. Securing new-generation hardware At its peak performance in 2018, Bitmain was able to produce over 95,000 rigs per week. However, since that… Source link

The price of Bitcoin (BTC) dropped to as low as $15,670 on Binance on Nov. 15. The highly volatile drop came hours after BTC reached $16,355, demonstrating strong momentum.  Three key factors likely caused the overnight drop in the price of Bitcoin. The three potential factors are a weekend shakeout, the daily moving average (MA) retest, and a retest of the parabola. BTC/USD daily chart . Source: TradingView.com Weekend shakeouts and lower support retests are healthy As Cointelegraph reported,… Source link

Litecoin has been widely looked down upon by investors as an inferior version of Bitcoin with few distinguishable differences, little utility, and waning development activities. It is still one of the early cryptocurrencies that have ample liquidity and listings across all the major exchanges. As such, when floods of new investors enter the ecosystem, they tend to throw money into these types of tokens, helping them to rocket higher. One analyst is now noting… Source link

Bitcoin prices have been volatile during the last few weeks, but have managed to climb higher in value at the same time. This week bitcoin derivatives markets, specifically futures and options, show that crypto asset traders should expect more swings going forward. Some traders believe that the digital currency’s price could fill two unfilled gaps on CME Group’s Bitcoin Futures chart with an upward trajectory toward… Source link

Paypal now allows trading and holding Bitcoin, Ethereum, Litecoin and Bitcoin Cash Yesterday’s high of $66.66 is the highest LTC traded since August A weekly close above $62 could facilitate a new wave of LTC buying Litecoin (LTC) price is trading more than 12% higher this month as the bulls attempt to break the key resistance in the short-term. Fundamental analysis: Paypal’s new crypto update will allow trading of BTC, ETH, BCH and Litecoin in the U.S.  Paypal’s latest… Source link

The leading cryptocurrency web portal Bitcoin.com has partnered with the Swiss luxury watch manufacturer, Franck Muller, in order to create elegant crypto themed timepieces. The titanium, limited edition functional bitcoin cash watch is called “Free the Money, Free the World” and will be sold for crypto on Bitcoin.com. In the summer of 2019, the luxury watchmaker Franck Muller released a fully functional bitcoin… Source link

Bitcoin being regarded as “sound money” is a common refrain among many proponents of the popular cryptocurrency. With a finite supply of 21 million and a network secured by over 120 exahashes per second of computing power, the consensus among industry commentators has often leaned toward it becoming a global monetary superpower. Barely a decade into its existence, Bitcoin’s inferred value is already the 11th-largest global monetary base. Earlier in November, Bitcoin became larger than… Source link