Bitcoin, after charging into December, has hit one thing of a brick wall—stopping simply wanting what’s broadly thought-about contemporary territory north of $20,000 per bitcoin. The bitcoin price has added a formidable 160% since January, serving to smaller cryptocurrencies ethereum, Ripple‘s XRP, litecoin and chainlink make triple digit positive aspects by means of the yr. Now, with merchants gearing up for a so-called Santa Rally in final week earlier than Christmas, bitcoin,… Source link

Bitcoin, after charging into December, has hit something of a brick wall—stopping just short of what’s widely considered fresh territory north of $20,000 per bitcoin. The bitcoin price has added an impressive 160% since January, helping smaller cryptocurrencies ethereum, Ripple’s XRP, litecoin and chainlink make triple digit gains through the year. Now, with traders gearing up for a so-called Santa Rally in last week before Christmas, bitcoin, ethereum, Ripple’s XRP, litecoin and… Source link

Ethereum Ethereum rallied by 3.89% on Sunday. Following on from a 4.43% rally on Saturday, Ethereum ended the week down by 1.86% to $590.75. It was a mixed start to the day. Ethereum fell to an early morning intraday low $563.79 before making a move. Steering clear of the first major support level at $549.80, Ethereum rallied to a late afternoon intraday high $595.21. Ethereum broke through the first major resistance level at $580.91 and the second major resistance level at $593.17. Falling short… Source link

Earlier this week, JPMorgan published a global markets strategy note that points out money has flowed out of gold and into bitcoin since October, and predicts this trend will continue over the medium to longer term. The easy conclusion is that investors are finally understanding that bitcoin is a superior future store of value to gold, and are rotating out of one and into the other. I’m not convinced that’s what we’re seeing. I agree with the analysts, though, that inflows into bitcoin… Source link

ladies and gentlemen, we have lift off. (Photo Illustration by Mykola Tys/SOPA Images/LightRocket … [+] via Getty Images) SOPA Images/LightRocket via Getty Images Aren’t you glad you kept that Bitcoin? I know I am. Even with the recent decline from its highs, coming close to $20,000, investors have been bullish. Is it going to $50,000? Nope. It’s going to $500,000, some on the Street have told me (hint: she runs a big, innovative ETF). These are the… Source link

Disclaimer: The findings of the following article ar the sole opinion of the writer and should not be taken as investment advice Litecoin, the cryptocurrency dubbed the silver to Bitcoin’s gold, has emerged out of its bear market quite gracefully. Its 2020 YTD returns, at the time of writing, were 90%, a figure that wasn’t half bad. However, like all altcoins, LTC has suffered over the previous month after playing to Bitcoin’s tune. LTC’s price hit a high of $95, but it soon fell… Source link

Ether (ETH) price might have had a disappointing week after its price failed to hold the $600 level, but the fundamentals of the network and cryptocurrency remain solid. Traders are known for having short memories so it’s worth mentioning that Ether price is still 45% higher than it was in the previous month. To understand whether the recent correction reflects a temporary consolidation or an effective ceiling caused by the lack of adoption, it’s helpful to gauge the metrics which reflect… Source link

Barcroft Media via Getty Images Is Crypto the new greed-fear indicator? Cryptocurrencies are the new “golden child” in some investing circles. Bitcoin is the new hot commodity so to speak. But is it new revolution, or just a new signal of market speculation? The answer may be both. Let’s explore this. In the aggregate, the market seems to have made some temporary conclusions about Bitcoin. To be clear, this is an evolution. As Bitcoin and crypto as financial… Source link

The price of Bitcoin (BTC) has started to rally once again on Dec. 13, rising above $19,200 after dropping to sub-$17,600 on Friday. The significant increase in buyer demand in that area indicates that BTC may have just seen a short-term bottom. When Bitcoin initially dropped to around $17,700, on-chain analysts, including Edward Morra and Nik Yaremchuk, pinpointed large buy orders on Bitfinex and Coinbase. As soon as the BTC price briefly dropped below $17,700, it started to rebound quickly,… Source link

Crypto Experts Finixio Make Their Predictions Major Crypto Media Company Makes Market Forecast…. London, UK, Dec. 12, 2020 (GLOBE NEWSWIRE) — On Monday, November 30th the financial world held their collective breath as Bitcoin reached its highest value yet, topping its December 2017 all time high. The skeptics had been… Source link