Monthly Archives: November 2020

Bitcoin Price Spikes Over 9% as the Crypto Asset’s Value Nears $15K

The crypto economy has jumped over the $400 billion mark and is now hovering around $414 billion at the time of publication. The largest crypto asset in terms of market cap, bitcoin has climbed over 9% during the last 24 hours steadily marching toward the $15k zone. During the last 30 days, Bitcoin (BTC) has gained over 39% touching a new all-time 2020 high of $14,964 on Bitstamp, Thursday morning. Bitcoin (BTC) is up… Source link

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Why Bitcoin Prices Are Soaring Now

Stocks are set to rise for a second day after the election and it looks as if there is another election winner: Bitcoin. U.S. stock futures are solidly in the green with S&P 500 up 1.7%, Dow Jones Industrial Average futures up 1.7%, and Nasdaq Composite futures up 2.5%. It’s a second day of big gains following Election Day. Bitcoin is doing even better. For its part, the… Source link

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Bitcoin (BTC) Powers to a Near Three-Year High, Ethereum (ETH) Lags the Move

Bitcoin (BTC/USD) Price, Analysis and Chart: Ethereum/Bitcoin spread continues to move lower. Bitcoin may make further gains. The latest push higher by cryptocurrency favorite Bitcoin has seen the token hit highs last seen back in January 2018. The recent move took has taken out the late-June 2019 high at $13,840 with relative ease and BTC now looks set to press higher, although a period of consolidation cannot be ruled out. The cryptocurrency space as a whole has rallied but… Source link

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Bitcoin Suddenly Soars Toward $15,000 As Ethereum, Ripple’s XRP, Chainlink And Litecoin Rally

Bitcoin has resumed its march higher after seeing some wild swings over the course of the U.S. election, hitting fresh near-three year highs. The bitcoin price has jumped over 5% over the last 24 hours, climbing to $14,560 per bitcoin on the Luxembourg-based bitcoin and cryptocurrency Bitstamp exchange—and moving in line with equity markets that have rallied as Democratic presidential hopeful Joe Biden said he expects to gain enough states to win the White House. Other top ten… Source link

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Bitcoin price reaches $14,500, the highest level since January 2018

Bitcoin (BTC) hit $14,500 for the first time since early January 2018 on Nov. 5 as crucial support held at $14,000. BTC price preserves $14,000 support Data from Cointelegraph Markets and TradingView showed Bitcoin’s gains continuing in Thursday trading, amid market tension over the U.S. election result. At press time, highs of $14,560 had appeared on major exchange Bitstamp, with BTC/USD subsequently returning to fluctuate around $14,500 amid volatile conditions. BTC/USD 1-day chart…. Source link

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Bitcoin rallies 4% to surpass $14,000 as election volatility fuels cryptocurrency surge | Currency News | Financial and Business News

The $14,000 level represented a key resistance level for the world’s most popular cryptocurrency, according to technical analysts. Reuters Bitcoin gained as much as 3.9% in volatile Wednesday trading as investors flocked to risk assets. The rally pushed prices as high as $14,257.53 before a slight retraction in the afternoon. The $14,000 level represented a key resistance level for the world’s most popular cryptocurrency, according to technical analysts. Ethereum, the next… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 5th, 2020

Ethereum Ethereum rallied by 3.82% on Wednesday. Following on from a 1.30% gain on Tuesday, Ethereum ended the day at $403.18. It was a bearish start to the day. Ethereum fell from an early morning high $388.69 to a late morning intraday low $376.64. Steering clear of the first major support level at $375.83, Ethereum rallied to a late afternoon intraday high $409.00. Ethereum broke through the first major resistance level at $395.58 and the second major resistance level at $402.84. Coming up… Source link

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Record $816M in Bitcoin leaves Binance — Are whales preparing for a rally?

Binance saw its biggest Bitcoin (BTC) outflow in history on Nov. 3, according to data from CryptoQuant. A total of 58,861 BTC were withdrawn on a single day, equivalent to $816 million. The significant spike in outflows could suggest two things. First, it might show that whales could be bracing for a rally in the near term. Second, an over-the-counter deal could have occurred, causing whales to move their funds. Bitcoin outflows on Binance. Source: CryptoQuant.com On-chain activity surges… Source link

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Bitcoin Rallies Above $14,000 With Traders in Election Limbo

Bitcoin rose above $14,000 as investors grappled with an uncertain election outcome in the U.S. The world’s largest cryptocurrency rallied as much as 3.8% Wednesday to $14,265, its highest level since January 2018. Peer coins, including Dash and Litecoin, also advanced. The Bloomberg Galaxy Crypto Index gained more than 4% at one point. … Source link

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