Monthly Archives: November 2020

Ethereum 2.0 Countdown Begins With Deposit Contract Release

Ethereum 2.0’s deposit contract is now live, heralding the imminent unveiling of the “world computer’s” second act. Released at 15:00 UTC, according to developer Afri Schoedon, the deposit contract is the first physical implementation of Eth 2.0 for everyday users. The deposit contract acts as a bridge between the forthcoming proof-of-stake (PoS) blockchain and the current proof-of-work (PoW) mainchain, valued at some $40 billion by market capitalization.  The genesis time for Eth 2.0… Source link

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Why $14K looks eerily similar to $700 during the 2016 election

While most investors and traders anticipated massive volatility to occur through the election hours, little has happened. Bitcoin’s price is still relatively stable and hovering under the crucial resistance of $14,000. At the same time, Bitcoin’s price has been moving in tandem with equity markets over the past 24 hours. Bitcoin still can’t break the $14,000 resistance BTC/USD 1-week chart. Source: TradingView The weekly chart is showing a very healthy setup as the price movements look… Source link

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Bitcoin sees record 100 days above $10K as one analyst eyes ‘parabolic’ 2021

Bitcoin (BTC) has officially beaten a new record as BTC/USD trades above $10,000 for 100 days, and major gains should come next. As voting in the United States’ presidential election ended on Nov. 3, Bitcoin saw a landmark moment of its own — 100 days straight trading in five figures. Bitcoin sees record stretch above $10,000 The achievement is not just impressive as a record for $10,000-plus prices. According to previous data, once Bitcoin trades above these significant price levels for… Source link

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Bitcoin, stocks drop as markets uncertain about US election result

The price of Bitcoin (BTC) suddenly fell by 3% within hours on Nov. 4 to $13,566 after briefly rising above $14,000. Coincidentally, the U.S. dollar, gold and stocks all fell together in tandem. Analysts are pointing to uncertainty surrounding the election as the catalyst for the sharp correction. Bitcoin 1-hour chart. Source: TradingView.com Why markets fell after surging during the vote count When the mainstream media was actively reporting the vote count, the price of Bitcoin and stocks… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 4th, 2020

Ethereum Ethereum rose by 1.30% on Tuesday. Partially reversing a 3.42% slide from Monday, Ethereum ended the day at $388.32. It was a mixed start to the day. Ethereum rose to an early morning high $385.68 before hitting reverse. Falling short of the first major resistance level at $399.15, Ethereum slid to an early morning intraday low $370.50. The sell-off saw Ethereum fall through the first major support level at $372.94. Finding support at $370, Ethereum rallied to a late intraday high… Source link

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Bitcoin Just Rocketed Over $14,000—Here’s Why

Bitcoin traders and investors have been nervously eyeing markets over recent days, with uncertainty on the rise after bitcoin decoupled from the stock market last week. The bitcoin price, up a staggering 50% on the last six months, looks set to close out 2020 as one of the year’s best performing assets. Bitcoin spiked to just over $14,000 per bitcoin late last month for the first time since the great 2017 bitcoin bubble popped in January 2018. Now, the bitcoin price has added 4% over the… Source link

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Up or down? Monero (XMR) price prediction for November

There is still a level of uncertainty surrounding the Monero project If the Monero price jumps above $130 the next target could be located at $135 or even $150 As long the price of Monero is above $100 this cryptocurrency is not in the “sell” zone The price of Monero (XMR) is trading above $115 at the beginning of November and the technical picture implies that the price may advance again above $130. The current price is still far away from the XMR price predictions but if the… Source link

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Can Bitcoin hit $17K next? Watch these 3 key BTC price levels

Bitcoin (BTC) has been on a tear and there’s no escaping it. But the majority of high-cap altcoins are seemingly suffering at the hands of this bull run, leading to the question: have we had our altseason already? Is it over or is there more to come? Multi-year resistance levels BTC/USD 12-hour chart. Source: TradingView  Bitcoin has been eating up multi-year resistance levels like Pacman on an amphetamine-induced rampage lately, smashing through $11,300, then $12,400 then $13,100 before Source link

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Binance Coin, Monero, Dash Price Analysis: 03 November

Binance Coin saw rapid losses in the past few days, undoing most of last month’s gains. There is a likelihood it would post further losses in the coming days. Monero was trending lower in the short-term, yet an important level of support was not yet subject to intense scrutiny by the bears. Dash was trading beneath a level of support it recently lost and could retest it as resistance in the coming hours. Binance Coin [BNB] Source: BNB/USDT on TradingView Binance Coin was in an uptrend through… Source link

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Bitcoin whales tread water and hodl despite recent BTC price drop

The price of Bitcoin (BTC) is experiencing a volatile time. After achieving $14,100 for the first time since 2017, a sharp pullback followed. Yet, key on-chain data and whale clusters show that high-net-worth individual investors are holding onto their positions. This trend shows that whales are not expecting a major pullback in the near term. A low level of activity from whales is a positive metric following a large uptrend. It shows that whales are not interested in selling BTC just yet and… Source link

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