Bitcoin is back in the limelight after almost three years out in the cold, brushing up against its all-time high of around $20,000 per bitcoin this week. The bitcoin price has risen nearly three-fold since the beginning of 2020, pushed on by unprecedented central bank money printing that’s highlighted its fixed limit and fresh interest from Wall Street and big-name investors. Now, after payments giant PayPal PYPL revealed it would begin to support bitcoin buying and spending… Source link

Ethereum has soared in recent weeks, adding 40% to its price over the last month. The ethereum price passed $500 per ether token last week for the first time since June 2018—riding bitcoin’s coat tails as the biggest cryptocurrency rockets toward its all-time highs. As ethereum developers gear up for the launch of ethereum 2.0, now confirmed for December 1, traders and investors are feeling bullish ahead of ethereum’s long-awaited upgrade. MORE FROM FORBESRipple’s XRP Has More Than… Source link

The number of billion-dollar spot volume days in the bitcoin market is increasing, pushing prices higher. Ethereum’s transaction fees are also increasing as general cryptocurrency interest fuels demand. Bitcoin (BTC) trading around $18,883 as of 21:00 UTC (4 p.m. ET). Slipping 0.75% over the previous 24 hours. Bitcoin’s 24-hour range: $18,640-$19,474 (CoinDesk 20) BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Bitstamp since Nov…. Source link

Bitcoin Dominance hit 62% after a bounce from 61.5% over the past 36 hours. While it is not a perfect metric, altcoins need this number to continue to drop to enjoy further gains. Compound showed a bearish divergence between buying volume and price, while Monero still had bullish momentum on its side. Binance Coin bulls would look to keep the price above $32, in order to spring toward $35 over the coming days. Binance Coin [BNB] Source: BNB/USDT on TradingView The region of support at $32 can… Source link

Dado Ruvic/Reuters/Illustration Bitcoin could surge to $100,000 by the end of 2021, according to the crypto investor Anthony Pompliano. Pompliano, a cofounder of Morgan Creek Digital, told CNBC on Wednesday that demand for Bitcoin was rapidly exceeding supply and that the macroeconomic environment of low interest rates was “rocket fuel” for the cryptocurrency’s price. “I don’t think it’s that crazy to see a $100,000 bitcoin price by the end of 2021,” Pompliano said. “And if we… Source link

Bitcoin $20,000: Will Joe Biden and Janet Yellen embrace cryptocurrency? | Fortune … Source link

Bitcoin (BTC) traders are pinpointing the order books of major exchanges that show the $19,500 level is a near-term resistance level. Bitcoin rejects $19,500 for now On Nov. 25, Bitcoin price was rejected at $19,500 with a relatively large volume across top spot exchanges. On Binance, for example, BTC price hit $19,484 before seeing a slight pullback to sub-$19,300. BTC/USDT 4-hour chart (Binance). Source: TradingView.com The minor rejection likely occurred because of the stacks of sell orders… Source link

Activity in bitcoin’s options market shows investors are eyeing more gains for the top cryptocurrency, which is now just 2.8% below a record high.  Bitcoin‘s one-month implied volatility, which is influenced by demand for call (bullish) and put (bearish) options, has risen to 81%, the highest level since May, having begun the month at 58%, according to data source Skew. The major part of the move (from 60% to 81%) occurred over the past five days. The three-and six-month implied… Source link

Photographer: Andrey Rudakov/Bloomberg Photographer: Andrey Rudakov/Bloomberg An upcoming upgrade for Ethereum, the most-actively used blockchain in the world, is adding to the mania around cryptocurrencies sparked by the… Source link

CNBC Fast Money trader Brian Kelly sees three potential signs of a price top as Bitcoin (BTC) hits $19,000. Both fundamental and technical factors suggest a pullback could be imminent as the rally becomes overextended. BTC/USDT 1-hour chart (Binance). Source: TradingView.com Kelly named three reasons why a short-term Bitcoin pullback might occur. The reasons were the pump of altcoins, overpriced address growth and high funding rates. On Nov. 25, he said on CNBC: “I’m still a Bitcoin bull…. Source link