Altcoin traders continue to feel the pain as Bitcoin (BTC) gains, while Bitcoin Cash (BCH) hits new all-time lows.  Data from Cointelegraph Markets and other sources show that as of Nov. 10, BCH is worth less in BTC terms than ever before. Bitcoin Cash plunges to new BTC lows At press time, BCH/BTC traded at 0.017 BTC, comfortably beating its previous record low of 0.0245 BTC seen in December 2018. The hard fork of Bitcoin has seen little attention this year, as investors focused on Bitcoin and… Source link

The Hourly View for LTC Last Updated November 10, 2020, 02:037 GMT At the moment, LTC’s price is down $-0.2 (-0.34%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 100 and 50 hour changed directions on LTC; they are now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are… Source link

Ethereum Ethereum fell by 2.16% on Monday. Partially reversing a 4.30% rally from Sunday, Ethereum ended the day at $444.81. It was a bearish start to the day. Ethereum fell to a late morning low $441.7 before making a move. Steering clear of the first major support level at $437.98, Ethereum rallied to a mid-day intraday high $460.00. Falling short of the first major resistance level at $465.90, Ethereum fell to a late afternoon intraday low $433.83. Ethereum fell through the first major support… Source link

As Bitcoin (BTC) blasted through the $14,000 level its market capitalization surpassed the monetary base of the Russian ruble. This measure includes both physical currency and bank reserves, both of which are usually held by a country’s central banks. Bitcoin market price inferred to match top global monetary bases. Source: Crypto Voices The above chart may seem complicated at first glance, but it simply compares gold, silver, Bitcoin, and the remaining global monetary bases. We can see that… Source link

Bitcoin’s long-waited bull run and the recent wave of corporate and institutional investors allocating significant portions of their reserves to Bitcoin (BTC) are all signs that the pace of crypto’s mainstreaming is rapidly accelerating: But has the path to mass adoption come at the cost of privacy and decentralization?  Know Your Customer and Anti-Money Laundering laws have forced the majority of cryptocurrency exchanges to become more transparent about who their users are, and those… Source link

Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. Nouriel Roubini Sees Store of Value in Bitcoin After years of publicly mocking and ridiculing bitcoin, Nouriel Roubini has admitted that bitcoin may be a partial store of value. Roubini… Source link

The price of Bitcoin (BTC) rose to as high as $15,840 before crashing to $14,800. Just 5 hours after reaching an intraday top, the dominant cryptocurrency dropped over 6%. Thi massive spike in volatility was likely caused by three major factors. The three catalysts for the abrupt downtrend were the recovery of the dollar, the decline in gold price as Pfizer announced that its COVID-19 vaccine trials are producing positive results, and whales dumping BTC. BTC/USD 4-hour chart. Source:… Source link

Litecoin’s most recent bounce off the support level appeared not to have the backing of willing buyers, with the same suggesting that a drop in price was imminent. There was also a level of strong resistance just above Litecoin, a level it might not be able to test over the next few days. Polkadot was similar to Litecoin, and a close under the support level could contribute to further losses for DOT. Verge was also posting higher lows, even as its price was whipsawed by heightened… Source link

REUTERS/Rick Wilking Billionaire investor Mike Novogratz won half a Bitcoin in an election bet over the weekend, but then hosted a lottery to hand it out to “new Bitcoiners.”  Novogratz, the CEO and founder of crypto-focused merchant bank Galaxy Digital, was expecting Democrats to secure both the White House and the Congress. A Twitter user @Adelgary won the lottery, but others contested the outcome by claiming he already owns Bitcoin and isn’t new to the crypto world. Half a… Source link

Bitcoin (BTC) is continuing to show strong momentum even after a major rally. Key data points show that the uptrend has likely been fueled by smart money in recent months. This means retail or mainstream investors have been largely on the sidelines as BTC price surpassed $15,000 this month. In 2017, when the price of Bitcoin hit an all-time high at $20,000, the retail demand was at its peak. Google Trends data soared, mainstream media coverage noticeably increased, and spot exchange volumes… Source link