Bitcoin was lower, pausing after after a three-day rally that saw prices approach $16,000, their highest since early 2018.  The recent rally left the largest cryptocurrency up 116% year to date, and some bullish digital-asset market analysts were already looking at even higher levels. Denis Vinokourov, head of research at the crypto prime broker Bequant, said in an email there’s the potential for a squeeze in the options market to push up prices in the next several days.  “This, coupled… Source link

For more than a decade, bitcoin has been a huge success story. Scorned by skeptics since its inception, the value of the cryptocurrency has gone from less than $0.01 to nearly $15,000. Along the way, bitcoin has suffered huge plunges, but so far, it’s always found a way to pull back higher. Now things are… Source link

According to Tether’s official transparency data, the USDT market cap crossed a $17 billion mark for the first time, hitting over $17 billion in total assets. Tether’s market cap has been growing exponentially in 2020. As of mid-September, Tether’s market cap had seen nearly a four-fold increase since the beginning of the year, surging above $15 billion from around $4 billion. According to data from crypto analytics firm Messari, USDT saw a notable increase from August 2020 to date. As… Source link

The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing. In a tweet on Nov. 6, Tyler Winklevoss, co-founder of crypto exchange Gemini, said that Powell’s latest speech this week was “code for buy Bitcoin.” Powell: Congress should agree to more stimulus Powell was addressing a news conference, which followed the Fed’s Nov. 5 meeting on the state of the economy and future measures. As before, he reiterated that… Source link

On Nov. 6, Ether (ETH) price rose to $447 on Binance as Bitcoin (BTC) price pulled back to the $15,500 level after losing steam around $15,900. Based on Ether’s strong momentum, traders anticipate a broader rally to emerge in the near term. There are three potential reasons why Ether could see a large uptrend in the upcoming weeks. The catalysts are: an optimistic high time frame technical structure, favorable on-chain metrics and the launch of Ethereum 2.0. ETH is bullish on the higher time… Source link

Chesnot/Getty Images Bitcoin continued its post-election day surge on Thursday, punching past $15,000.  The digital token’s high of more than $15,200 in Thursday afternoon trades represented its highest level since January 2018. In January 2018, bitcoin was in the early stages of unraveling much of its previous year’s gains as the cryptocurrency deflated from a high of nearly $20,000 in December 2017. Visit Business Insider’s homepage for more stories. Bitcoin continued its… Source link

In the last 24-hours the price of Bitcoin (BTC) rose by more than 10%, breaching the $15,000 handle for the first time since January 2018, and reaching a new 2020 high at $15,950.  Data from Cointelegraph Markets shows the BTC/USD pair briefly rose to $15,950 before retracing to $15,500. According to crypto analytics platform Messari, Bitcoin has now spent more than 20 days above the $15,000 barrier and 19 days above $15,109. This represents roughly 0.4% of the crypto asset’s life since it… Source link

Bitcoin’s price keeps climbing amid election uncertainty. Wasabi Wallet will offer automatic, privacy-preserving CoinJoins in its coming upgrade. A major Russian power provider is entering into a bitcoin mining joint venture. Top shelf $1B BTC forfeitureThe U.S. government is suing for the forfeiture of thousands of bitcoins, totaling more than $1 billion, that it seized on Tuesday. These bitcoins are said by the U.S. Department of Justice to be connected with the Silk Road marketplace. The… Source link

Photographer: Philippe Lopez/AFP/Getty Images Photographer: Philippe Lopez/AFP/Getty Images The U.S. is suing for the forfeiture of more than $1 billion in Bitcoins it says are linked to the criminal marketplace Silk Road it… Source link

Bitcoin (BTC) hit $15,000 on Nov. 5 as excitement over the U.S. election spilled over from macro markets.  Data from Cointelegraph Markets and TradingView showed BTC/USD tackle the $15,000 barrier repeatedly throughout the day, finally breaking it to post press-time highs of $15,200. BTC price climbs $1,000 in a day The move seals a hectic day for Bitcoin, which just 24 hours ago traded below $14,000. The last time that BTC/USD saw $15,000 was in early January 2018. BTC/USD weekly chart…. Source link