Ray Dalio, the billionaire hedge fund legend, doesn’t see digital currencies like Bitcoin (BTC) succeeding the way other people do. He expects authorities to clamp down on cryptocurrencies when they see “material” growth. The daily chart of Bitcoin dating back to Jan. 1, 2020. Source: TradingView Meanwhile, BTC has hugely outperformed Bridgewater year-to-date. Barry Silbert, CEO of Grayscale — a cryptocurrency investment firm with over $9 billion in assets under management — Source link

Bitcoin (BTC) is at the start of its next “main bull run” and the price peak won’t hit until the end of 2021, well-known analyst Willy Woo believes. In one of many recent Twitter discussions on Nov. 11, the creator of statistics resource Woobull produced fresh evidence that Bitcoin’s price gains are only just beginning. Woo: Bitcoin RSI “just warming up” Uploading a chart showing Bitcoin’s relative strength index (RSI), Woo noted similarities between the metric’s current… Source link

Bitcoin’s reputation as digital gold has grown this year, with a number of high-profile investors naming it as an emerging inflation hedge. The bitcoin price has more than doubled so far through 2020, climbing to almost $16,000 per bitcoin this week and sparking celebration among long-suffering bitcoin bulls. Now, after Wall Street legend Bill Miller said he “strongly” recommends bitcoin last week, billionaire U.S. investor Stanley Druckenmiller has revealed he now owns some… Source link

The Hourly View for LTC Last Updated November 12, 2020, 02:039 GMT At the moment, LTC’s price is up $0.11 (0.19%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across… Source link

On Nov. 13, a total of $525 million in Bitcoin (BTC) options open interest is set to expire. This is similar to last week when $470 million in options open interest also expired. This presents somewhat unusual activity as most volume goes through monthly and quarterly options. On Nov. 5 (last Friday), put (sell) options open interest was 30% larger than call (buy) ones. Deribit exchange holds $431 million open interest for this Friday’s expiry and Bit.com has $72 million. Before coming to… Source link

Ethereum Ethereum rallied by 2.86% on Wednesday. Following on from a 1.36% gain on Tuesday, Ethereum ended the day at $463.79. It was a mixed start to the day. Ethereum fell to an early morning intraday low $449.95 before making a move. Steering clear of the first major support level at $441.66, Ethereum rallied to a late afternoon intraday high $476.80. Ethereum broke through the first major resistance level at $457.81 and the second major resistance level at $464.74. A late pullback, however,… Source link

Historically, when a Bitcoin (BTC) monthly candle closes above previous candles, the digital asset has seen a prolonged rally. Atop this high time frame pattern, Bitcoin’s monthly candle in September closed above $13,000 for the first time since 2017. Furthermore, the dominant cryptocurrency has shown signs of a clear breakout throughout the past two months. BTC/USD monthly chart. Source: TradingView.com Why Bitcoin may be at the cusp of a new rally In terms of the “BTC rally” narrative, the… Source link

Ethereum’s Infura went down, causing a chain split. The world’s second-largest bank will issue $3 billion in blockchain bonds. President-elect Joe Biden’s transition team features some noted crypto commenters.  Top shelf Chain splitWednesday morning, around 08:00 UTC, Ethereum infrastructure provider Infura disclosed a service outage for its Ethereum mainnet API, related to one of the blockchain’s major clients, Geth. Industry participants began speculating over a possible “chain… Source link

All eyes have been on Bitcoin price in recent weeks as the world’s biggest cryptocurrency rallied by more than 60% in a matter of weeks. However, the focus may soon shift to Ethereum’s Ether (ETH) as it approaches the final resistance zone before a big potential breakout. This is not only the case with the U.S. dollar pair but also with the Bitcoin (BTC) pair, as the latter may have just reached its cycle low. Could this mean that there’s an alt season on the horizon? The signals are… Source link

Bitcoin was higher, pushing toward the upper edge of its recent range between about $14,700 and $15,600. “The positive sentiment towards bitcoin has not gone away,” said Denis Vinokourov, head of research at crypto prime broker Bequant.  In traditional markets, Asian shares tumbled, led by Alibaba and Tencent, as Chinese government issues regulations designed to curb growing influence of big tech companies. European shares were up, and U.S. stock futures pointed to a higher open. Gold… Source link