Bitcoin Dominance was at 64.5, a rising trend in recent weeks. The altcoin markets continued to show weakness, as many crypto-assets showed bullish developments technically but the moves upward were short-term in nature and ultimately unable to shrug off bearish pressure. Litecoin was likely to trade at $50 in the coming days, while Cosmos showed a bullish divergence and could see a bounce of nearly 7%. Basic Attention Token could see a minor move upward in the coming hours before another… Source link

The official U.S. election results posted by the Associated Press will use two different blockchains to prove the results at any given time are official. AFP via Getty Images For the first time ever, the official U.S. Presidential election results will be posted on the ethereum and EOS blockchains by the Associated Press.  Beyond just posting the results though, the AP is using the blockchains behind the scenes in its own application programming interface (API), meaning… Source link

The price of Bitcoin (BTC) rose by 2% in just 30 minutes right as the United States’ stock market rang its opening bell on Nov. 3. During pre-market, the Dow Jones surged by over 350 points as the U.S. election day triggered massive volatility. The four reasons that likely led to a Bitcoin uptrend in such a short period are the election, a stocks upsurge, negative funding and rising exchange outflows. Hourly chart of Bitcoin. Source: TradingView.com Election triggers volatility The U.S. election… Source link

Bitcoin (BTC) was lower for a third straight day around $13,500, having fallen back from a fleeting 33-month high of $14,093 over the weekend. In traditional markets, Asian and European shares rose and U.S. stock futures pointed to a higher open. The yield on 10-year U.S. Treasuries increased 0.03 percentage point to 0.88%. Gold strengthened 0.2% to $1,899 an ounce.  Market Moves The U.S. presidential election is finally here. President Donald Trump’s Republicans are as convinced that… Source link

Bitcoin (BTC) is a recommended hedge against fiat currency inflation along with gold, one of its well-known critics now says. In an appearance on Rosenberg Research’s webcast series on Nov. 2, Jeffrey Gundlach, CEO of investment management firm DoubleLine, produced rare praise for Bitcoin. Bitcoin vs. gold 1-year chart. Source: Skew Gundlach tips Bitcoin and gold for fiat protection Gundlach, informally known as the “Bond King,” is no stranger to discussing Bitcoin, but had previously made… Source link

Bitcoin (BTC) saw its biggest negative difficulty adjustment in almost 10 years on Nov. 3 as the network flawlessly takes care of itself. Data from monitoring resource BTC.com shows that the Bitcoin difficulty automatically readjusted by 16% on Tuesday. Difficulty sheds most in nine years Estimates had previously suggested that the adjustment would be around 13%, but it was the second-highest in Bitcoin’s history. Only in 2011 was there a larger difference — 18%, which also came at the end… Source link

The price of Bitcoin (BTC) has declined by more than 3% in the past two days. The pullback of the dominant cryptocurrency comes amid growing regulatory pressure in China and Hong Kong. The daily price chart of Bitcoin. Source: TradingView.com Timeline of exchange FUD in the past month On Oct. 16, top Bitcoin futures exchange OKEx suspended withdrawals after one of the exchange’s private key holders was reportedly arrested. Merely 17 days later, speculation that Huobi, a Singapore-based… Source link

The co-founder of crypto data aggregator Markets Science, Twitter-user ‘Bitdealer,’ has shared a chart  indicating negative correlations between 11 top DeFi tokens and BTC over the past 45 days to Nov.1, with AAVE showing neutral correlation and UNI showing confluence if less than 0.1. Seven of 13 DeFi tokens were also found to have negative correlations with Ethereum (ETH), despite Ethereum powering much of the DeFi ecosystem. With many decentralized finance (DeFi) tokens struggling… Source link

The Hourly View for LTC Last Updated November 3, 2020, 01:036 GMT At the moment, LTC’s price is up $0.18 (0.33%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a… Source link

Ethereum Ethereum slid by 3.42% on Monday. Reversing a 2.63% gain from Sunday, Ethereum ended the day at $383.33. It was a mixed start to the day. Ethereum rose to an early morning intraday high $404.57 before hitting reverse. Ethereum broke through the first major resistance level at $401.34 before sliding to a mid-day intraday low $378.36. The sell-off saw Ethereum fall through the first major support level at $388.78 and the second major support level at $380.66. Steering well clear of… Source link