MicroStrategy’s headline-grabbing bitcoin bet was a rational response to a macroeconomy in chaos, said Chief Executive Michael Saylor. Appearing Tuesday at CoinDesk’s Bitcoin for Advisors virtual conference, Saylor shed new light on one of this year’s biggest cryptocurrency stories: his software company’s recent purchases of $425 million in bitcoin.  That surprise September move by Nasdaq-listed MicroStrategy marked one of the first – and largest – embraces of bitcoin by a… Source link

The deposit contract for Ethereum 2.0 now holds 50,849 Ether (ETH), worth approximately $22 million as of publication time. This is slightly less than 10% of the minimum required stake of 524,288 ETH, or $230 million. Ethereum 2.0 is set to launch on Dec. 1 — but only if the minimum stake threshold is reached seven days before that date. Historic balance for the deposit contract by Etherscan. The influx of new deposits appears to have tapered off recently as the majority of prospective… Source link

Bitcoin recently consolidated in a tight range below its bear-market high before breaking out. Ethereum may now be following a similar pattern. Click here to view the related idea and chart analysis on TradingView. Advertisement

The price of Bitcoin (BTC) has seen extreme volatility in the past 24 hours. After the Dow Jones Industrial Average abruptly rose by more than 800 points, BTC plunged in tandem with gold. Within five hours of achieving a four-day peak at $15,840, the dominant cryptocurrency abruptly plummeted 6.5%. Following the correction of BTC, analysts and traders remain divided on its near-future prospects. The short-term pullback of Bitcoin, which happened within several hours, was beneficial for BTC… Source link

Bitcoin (BTC) has chalked up a stellar price rally in the past two months, reaching 33-month highs close to $16,000. The uptrend began in early September after buyers bought a dip below $10,000, and gathered pace in the second half of October. Last week, prices reached a high of $15,971, a level last seen in January 2018. That’s a 63% price gain in eight weeks, according to CoinDesk’s Bitcoin Price Index. Over 2018 and 2019, bitcoin often languished below $10,000, struggling to recover… Source link

Altcoin traders continue to feel the pain as Bitcoin (BTC) gains, while Bitcoin Cash (BCH) hits new all-time lows.  Data from Cointelegraph Markets and other sources show that as of Nov. 10, BCH is worth less in BTC terms than ever before. Bitcoin Cash plunges to new BTC lows At press time, BCH/BTC traded at 0.017 BTC, comfortably beating its previous record low of 0.0245 BTC seen in December 2018. The hard fork of Bitcoin has seen little attention this year, as investors focused on Bitcoin and… Source link

The Hourly View for LTC Last Updated November 10, 2020, 02:037 GMT At the moment, LTC’s price is down $-0.2 (-0.34%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 100 and 50 hour changed directions on LTC; they are now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are… Source link

Ethereum Ethereum fell by 2.16% on Monday. Partially reversing a 4.30% rally from Sunday, Ethereum ended the day at $444.81. It was a bearish start to the day. Ethereum fell to a late morning low $441.7 before making a move. Steering clear of the first major support level at $437.98, Ethereum rallied to a mid-day intraday high $460.00. Falling short of the first major resistance level at $465.90, Ethereum fell to a late afternoon intraday low $433.83. Ethereum fell through the first major support… Source link

As Bitcoin (BTC) blasted through the $14,000 level its market capitalization surpassed the monetary base of the Russian ruble. This measure includes both physical currency and bank reserves, both of which are usually held by a country’s central banks. Bitcoin market price inferred to match top global monetary bases. Source: Crypto Voices The above chart may seem complicated at first glance, but it simply compares gold, silver, Bitcoin, and the remaining global monetary bases. We can see that… Source link

Bitcoin’s long-waited bull run and the recent wave of corporate and institutional investors allocating significant portions of their reserves to Bitcoin (BTC) are all signs that the pace of crypto’s mainstreaming is rapidly accelerating: But has the path to mass adoption come at the cost of privacy and decentralization?  Know Your Customer and Anti-Money Laundering laws have forced the majority of cryptocurrency exchanges to become more transparent about who their users are, and those… Source link