Bitcoin, ethereum, Ripple’s XRP, bitcoin cash, litecoin and chainlink—the biggest cryptocurrencies by market value—have fallen sharply after rocketing higher through November. The bitcoin price lost $3,000 in a matter of hours yesterday, dropping over 10% from near its all-time highs of almost $20,000 per bitcoin—while ethereum, Ripple’s XRP, chainlink, bitcoin cash and litecoin, all saw similar retractions. The sudden sell-off wiped around $50 billion from the value of the world’s… Source link

Source: ZinetroN – Shutterstock Cypherpunk Holdings, directed by legendary poker player Tony G, has dumped its Monero and Ethereum and used the funds to increase its BTC position. The company now owns 276.479 BTC, the ninth-largest stash owned by a public company. A Canadian publicly listed company has gone all in on Bitcoin, liquidating its Monero and Ethereum holdings. Cypherpunk Holdings has now become the ninth-largest publicly traded holder of Bitcoin, just behind Hive Blockchain. All in… Source link

The price of Bitcoin (BTC) dropped below $16,900 again on Nov. 27 across top exchanges, including Binance. The recent pullback comes as whale exchange deposits started to increase. Ki Young Ju, the CEO of CryptoQuant, reported that the All Exchange Inflows Mean indicator reached the “danger zone.” Historically, this caused BTC to suffer short-term corrections. Bitcoin struggles to regain momentum above $17,000 After the price of Bitcoin briefly dropped to $16,200 on Nov. 27, it started to… Source link

New data suggests that “wholecoiners” — Bitcoin wallets holding 1 BTC or more — now account for 95% of the cryptocurrency’s entire capitalization. That leaves just 5% of the market cap divided among tens of millions of users with a balance below 1BTC. The total number of wholecoiner addresses has steadily increased year-over-year since 2009, despite BTC’s astronomic price rallies. On Nov. 27, Glassnode CTO Rafael Shultze-Kraft tweeted a chart revealing that more than 800,000… Source link

The Hourly View for LTC Last Updated November 27, 2020, 02:036 GMT At the time of this writing, LTC’s price is down $-0.69 (-0.96%) from the hour prior. The hourly chart shows that LTC has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below… Source link

Ethereum Ethereum slid by 8.58% on Thursday. Following on from a 6.06% fall on Wednesday, Ethereum ended the day at $520.34. A mixed start to the day saw Ethereum rise to an early morning intraday high $577.00 before hitting reverse. Falling short of the first major resistance level at $598.85, Ethereum slumped to a late morning intraday low $480.08. Ethereum fell through the first major support level at $546.36 and the second major support level at $523.94. More significantly, Ethereum fell… Source link

Source: Adobe/stockphoto-graf Selling the confiscated EUR 6.4m (USD 7.63) in crypto for the Lithuanian tax authority was a lengthy and complicated process that lasted at least two months and required long preparation and detailed coordination between the seller, supplier, trading partners, and intermediary banks so as to avoid issues and delays during the sale, according to the CEO of the Lithuanian investment and exchange service that performed the sale. As previously reported, on… Source link

Bitcoin slumped as much as 13 per cent on Thursday after surging to an all-time record in the previous session — a blow to the view that the latest rally is built on long-term foundations, but seen by some analysts as a short-term “correction”. The exchange rate reached slightly less than $16,320 in morning trading in London, less than 24 hours after hitting a record high of $19,510. Bitcoin has risen about 50 per cent in the past three months, and about 140 per cent… Source link

Bitcoin suffered a price crash earlier on Thursday, having missed record highs by a narrow margin earlier this week. The top cryptocurrency by market value fell from over $19,300 to $16,327 during the early European trading hours and was last seen trading near $17,200, representing a 10% drop on a 24-hour basis, according to CoinDesk 20 data. The sudden fall caught many traders off-guard, given the cryptocurrency was trading just 2% short of its record high of $19,783 on Wednesday. So,… Source link

It appears to be like like everybody has been so obsessive about bitcoin as of late that individuals have forgotten about a few of the smaller cash that the asset is thought to compete with. Currencies equivalent to Ethereum, Litecoin, Ripple’s XRP and Chainlink. Ethereum and Smaller Property Are Additionally Booming To an extent, we will’t blame people for trying away contemplating how effectively bitcoin has been doing. The forex has reached its highest level in three years and is… Source link