Bitcoin, ethereum, Ripple’s XRP, litecoin and chainlink—five of the biggest cryptocurrencies by value—have bounced back from a sell-off this week. The bitcoin price climbed to over $18,000 per bitcoin after crashing to around $16,000 on Friday as ethereum, Ripple’s XRP, litecoin and chainlink recorded even wilder swings. MORE FROM FORBESIs This The Real Reason Bitcoin Has Suddenly Soared Toward Its All-Time Highs?By Billy Bambrough The bitcoin price has surged… Source link

Director of DTC Capital has presented 8 fundamentals that indicate the beginning of a bull market for Ethereum (ETH). The number of Ethereum whales, owning more than 10,000 ETH, has reached an 3-month high of 1,062.  The upcoming week will host one of the most important events for Ethereum ever. On December 1st, the beginning of phase 0 of the Ethereum 2.0 will take place. The event could push ETH to new all-time highs and for now, analysts are highly bullish about it and the strong… Source link

The price of Bitcoin (BTC) surged above $18,000 on Nov. 29, reaching as high as $18,209 on Binance. However, traders are turning cautious despite BTC’s weekend rally. Bitcoin currently faces resistance at around $18,200, which is also the 10-day moving average (MA) on the daily chart. As Cointelegraph reported yesterday, some traders still anticipate BTC to see another drop in the near term before the rally can continue. BTC/USDT 4-hour chart (Binance). Source: TradingView.com Why a bull trap… Source link

Quick take: According to crypto analyst MagicPoopCannon, Ethereum could be on a path to test $750 If $750 is broken, Ethereum could very well push higher to $830 His analysis is based on Ethereum moving within a parallel channel since February this year Ethereum will continue facing pullbacks but a retest of its all-time high is possible The month of November is quickly coming to a close and the digital asset of Ethereum (ETH) is once again above $500. At the time of writing, Etheruem is trading… Source link

A month ago, one would be hard pressed to find any investor who would have expected a $32,000 Bitcoin (BTC) price for January. At the time, a 140% upside was needed from the $13,300 price on Oct. 30 and this seemed quite far fetched.  Therefore, the January $32,000 BTC call (buy) options traded at Deribit for a meager $67, or 0.005 BTC in late October. BTC $32,000 Jan. 2021 call option, in BTC. Source: Deribit Fast forward to now, and the same call option peaked at $705. That’s an almost… Source link

Based on the fractal, Bitcoin is in an early phase of a prolonged rally that could allow BTC to experience exponential growth in the longer term. Bitcoin versus gold price fractal. Source: Bloomberg Bitcoin may be on the same trajectory as gold There are two main reasons why Bitcoin could follow the macro trend gold saw from the 1970s. First, BTC has a fixed supply that cannot expand, which makes it an attractive hedge against inflation. Second, BTC has the same qualities of a safe-haven asset… Source link

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The cryptocurrency market has been witnessing a wave-like movement. After the rally was stopped in the Bitcoin market, the altcoins also witnessed downtrends. Litecoin has also been witnessing continuous buying and selling  among traders, giving a chance to reap marginal profits At press time, Litecoin was being traded at $72.16, while its market cap remained at… Source link

The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another steep pullback. There are three main reasons why traders expect a deeper drop to occur in the near future, namely,  historical cycles, the Fibonacci Sequence, and the record-high open interest of the futures market. BTC/USDT 4-hour chart (Binance). Source: TradingView.com Historical cycles hint at… Source link

A proposal by an Ethereum developer wants to change the Eth1 blockchain validation process and embed it to the Beacon Chain. The modifications could present complications for the DeFi sector. After the threshold of 524,288 required ETHs has been reached, the deployment of Ethereum 2.0 with phase 0 will begin on December 1. However, there are still about two years left to complete the full deployment of all phases of Eth 2. The ease the process, Mikhail Kalinin has made a proposal on how the… Source link

The price of Bitcoin (BTC) dropped sharply on Nov. 26 following a mass sell-off from whales. Data from on-chain data firms, namely Santiment, Intotheblock, and CryptoQuant, show heightened levels of whale exchange inflows. Whales selling right under Bitcoin’s all-time high, particularly when the market sentiment was overly euphoric, led to a massive drop. Roughly $1.8 billion worth of futures contracts were wiped out, as Cointelegraph reported. Some exchanges, like Binance as an example,… Source link