The Bitcoin price (BTC) surged above $19,500 briefly on Dec. 15, reaching as high as $19,570 on Binance. However, BTC then dropped to $19,050 within three hours, recording a sudden 2.5% pullback. Bitcoin spiked to around $19,600 from the momentum of its relief rally and negative futures market funding rates. But it rejected the same level it broke down from since November due to selling pressure from whales. Bitcoin 1-hour price chart (Coinbase). Source: TradingView.com A relief rally for… Source link

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Bitcoin climbed over the weekend to the $19,200 territory. Looking at ether’s price as a percentage of spot BTC, it may be undervalued. Bitcoin (BTC) trading around $19,196 as of 21:00 UTC (4 p.m. ET). Gaining 0.35% over the previous 24 hours. Bitcoin’s 24-hour range: $18,990-$19,323 (CoinDesk 20) BTC near its 10-hour moving average but above the 50-hour on the hourly chart, a flat-to-bullish signal for market technicians. Bitcoin trading on Bitstamp since Dec. 11.Source: TradingView The… Source link

Bitcoin was lower on Monday, holding just above $19,000 after rallying about $1,000 over the weekend. “There is an element of fatigue, with the market unable to drum up the momentum needed to spur us to new highs,” Matt Blom, head of sales and trading for the cryptocurrency firm Diginex, told clients in an email. In traditional markets, European shares rose the U.K. and European Union agreed to extend talks over a Brexit-related trade deal. U.S. stock futures pointed to a higher open as… Source link

Bitcoin’s revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts. “We have witnessed a large move up over the weekend, with MicroStrategy’s efforts to increase bitcoin holdings from several large players bringing with it fresh optimism,” Matthew Dibb, COO at Stack Funds, told CoinDesk. “Our belief is that we will see a breach of $20,000 in the coming weeks.” On Friday, business intelligence firm MicroStrategy raised $650… Source link

Monero was one of the least affected large-cap altcoins when Bitcoin registered some volatility over the past few days. It climbed past the $150-mark and could note further upside over the next few hours. Further, while Steem appeared to be on a strong uptrend once more, Compound held on above the $140-level of support. Monero [XMR] Source: XMR/USDT on TradingView Monero has been one of the stronger large-cap performers over the past few weeks. It established the $127-$130 region as strong… Source link

The Bitcoin price has seen a stunning rally throughout 2020, rising from $3,600 in March to over $19,000 in December. In the longer term, JPMorgan JPM strategists say a $600 billion catalyst potentially awaits for the dominant cryptocurrency. According to a note from JPMorgan strategists including Nikolaos Panigirtzoglou, a 1% allocation from pension funds and insurance firms in the U.S., eurozone, U.K., and Japan would amount to $600 billion. Currently, the market capitalization… Source link

According to data, bitcoin balances on exchanges are shrinking a great deal and have dropped to levels not seen in two years. Arcane Research detailed that charts showing the number of bitcoin leaving exchanges has seen a sharp decline and has been “one of the main stories of the year.” Meanwhile, onchain metrics indicate a number of older coins are being sold as bitcoin’s value increases. Bitcoin Held on… Source link

Litecoin majestically rises above $80 but hits a barrier at $85. On-chain metrics reinforce the immense support under LTC. A reversal above the confluence resistance and $85 may catapult LTC toward $100. Litecoin recently soared to highs above $80 following a predicted breakout. The support at $70 held its ground, giving bulls ample time to plan a breakout above the descending wedge pattern. LTC/USD stepped above several critical levels, including the 200 Simple… Source link