The price of Bitcoin (BTC) has seen volatility within the past 12 hours. The top cryptocurrency fell from $16,400 to $15,750 within hours, rejecting sharply after surpassing the $16,000 resistance earlier this week. As of Nov. 14, the 20-day moving average of Bitcoin on the daily chart is at $14,600. In the near term, if a pullback occurs, the $14.6K level remains a favorable area for buyers. An algorithmic trader known as “CryptoGainz” explained that the current market structure of… Source link

Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s short-term market and its impact on the price The value of the cryptocurrency popularly dubbed “digital silver” received a boost after it climbed from $58 to $66 in a matter of hours. In fact, Litecoin‘s price, for a while, had been moving sideways on the charts, despite Bitcoin’s own rally. However, this trend changed over the past few days. While LTC’s market did face a wave… Source link

While members of the Ethereum blockchain community have endured the criticism of how long it is taking to move to a new mechanism called ‘staking’, it is hard not to also note that there is no definitive guidance yet from the Internal Revenue Service (IRS) on how those who ‘stake’ their blockchain ‘tokens’ and receive rewards will be taxed either. It certainly is not addressed on the Ethereum Foundation as the major risks are listed as losing Ethereum for going offline,… Source link

Hedge fund manager Brian Kelly says the surging number of institutional investors owning bitcoin is down to the digital currency’s core value proposition- a fixed coin supply. On the other hand, the same institutional investor interest is helping to build confidence in the top cryptocurrency while taking away some of the perceived risks. Bitcoin Value Proposition Kelly’s comments follow reports that the European… Source link

Bitcoin has confounded critics so far this year, attracting the attention of Wall Street, high-profile investors, and central bankers. The bitcoin price has more than doubled this year, climbing above $16,000 per bitcoin this week and soaring a staggering 40% over the last month as a raft of positive news sweeps the bitcoin and crypto industry. Now, as big-name investors give their backing to bitcoin, economist Nouriel Roubini, professor of economics at New York University’s Stern School… Source link

This week Bitcoin (BTC) and Ether (ETH) prices reached new highs as a slew of bullish news continued to pump investors’ hope that the next crypto-bull market will mirror the one seen in 2017.  Many novice traders simply follow spot prices on the major crypto exchanges to gauge the direction price might take. However, reviewing options markets data can provide additional relevant insights on market sentiment. Looking at the most recent activity in Bitcoin options, it is clear that some… Source link

Analysts are bullish on bitcoin’s price but the options market is decidedly bearish on the remaining weeks of 2020. Ethereum’s wrapped bitcoin token crosses $2 billion locked. Bitcoin (BTC) trading around $16,240 as of 21:00 UTC (4 p.m. ET). Gaining 0.30% over the previous 24 hours. Bitcoin’s 24-hour range: $15,971-$16,487 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Nov. 11.Source: TradingView Bitcoin’s price… Source link

The price of Bitcoin (BTC) surpassed $16,000 with relative ease on Nov. 13 and has remained resilient above it. Analysts are divided on the short-term outlook on BTC because the momentum remains strong but there are concerns of an overheated rally. But there are numerous positive developments that could continue to sustain the uptrend of BTC. Generally, the cryptocurrency market has seen an increase in trading activity across all types of exchanges. Spot, derivatives, and institutional… Source link

Bitcoin’s performance over the past few days has had a significant impact on the rest of the crypto-market. While the collective market cap surged, individual tokens on the charts prospered as well. However, this wasn’t the case universally as quite a few cryptocurrencies chose to move in the opposite direction. The cases of Monero, Ethereum Classic, and Decred highlighted such opposing behavior. Monero [XMR] Source: XMR/USD on TradingView Monero, the crypto-market’s premier privacy coin,… Source link

Bitcoin (BTC) has been highly volatile in recent weeks, rallying above $16,000 for the first time in three years. But the futures market’s open interest indicates that a large volatility spike is likely very close. The term “open interest” refers to the total sum of contracts that are actively open in the futures market. If the open interest is high, it means there is a high number of traders betting on Bitcoin price action. Bitcoin futures aggregated open interest. Source:… Source link