Yearly Archives: 2020

Bitcoin price reaches $14,500, the highest level since January 2018

Bitcoin price reaches ,500, the highest level since January 2018

Bitcoin (BTC) hit $14,500 for the first time since early January 2018 on Nov. 5 as crucial support held at $14,000. BTC price preserves $14,000 support Data from Cointelegraph Markets and TradingView showed Bitcoin’s gains continuing in Thursday trading, amid market tension over the U.S. election result. At press time, highs of $14,560 had appeared on major exchange Bitstamp, with BTC/USD subsequently returning to fluctuate around $14,500 amid volatile conditions. BTC/USD 1-day chart…. Source link

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Bitcoin rallies 4% to surpass $14,000 as election volatility fuels cryptocurrency surge | Currency News | Financial and Business News

Bitcoin rallies 4% to surpass ,000 as election volatility fuels cryptocurrency surge | Currency News | Financial and Business News

The $14,000 level represented a key resistance level for the world’s most popular cryptocurrency, according to technical analysts. Reuters Bitcoin gained as much as 3.9% in volatile Wednesday trading as investors flocked to risk assets. The rally pushed prices as high as $14,257.53 before a slight retraction in the afternoon. The $14,000 level represented a key resistance level for the world’s most popular cryptocurrency, according to technical analysts. Ethereum, the next… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 5th, 2020

Ethereum Ethereum rallied by 3.82% on Wednesday. Following on from a 1.30% gain on Tuesday, Ethereum ended the day at $403.18. It was a bearish start to the day. Ethereum fell from an early morning high $388.69 to a late morning intraday low $376.64. Steering clear of the first major support level at $375.83, Ethereum rallied to a late afternoon intraday high $409.00. Ethereum broke through the first major resistance level at $395.58 and the second major resistance level at $402.84. Coming up… Source link

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Record $816M in Bitcoin leaves Binance — Are whales preparing for a rally?

Record 6M in Bitcoin leaves Binance — Are whales preparing for a rally?

Binance saw its biggest Bitcoin (BTC) outflow in history on Nov. 3, according to data from CryptoQuant. A total of 58,861 BTC were withdrawn on a single day, equivalent to $816 million. The significant spike in outflows could suggest two things. First, it might show that whales could be bracing for a rally in the near term. Second, an over-the-counter deal could have occurred, causing whales to move their funds. Bitcoin outflows on Binance. Source: CryptoQuant.com On-chain activity surges… Source link

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Bitcoin Rallies Above $14,000 With Traders in Election Limbo

Bitcoin rose above $14,000 as investors grappled with an uncertain election outcome in the U.S. The world’s largest cryptocurrency rallied as much as 3.8% Wednesday to $14,265, its highest level since January 2018. Peer coins, including Dash and Litecoin, also advanced. The Bloomberg Galaxy Crypto Index gained more than 4% at one point. … Source link

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Ethereum 2.0 Countdown Begins With Deposit Contract Release

Ethereum 2.0’s deposit contract is now live, heralding the imminent unveiling of the “world computer’s” second act. Released at 15:00 UTC, according to developer Afri Schoedon, the deposit contract is the first physical implementation of Eth 2.0 for everyday users. The deposit contract acts as a bridge between the forthcoming proof-of-stake (PoS) blockchain and the current proof-of-work (PoW) mainchain, valued at some $40 billion by market capitalization.  The genesis time for Eth 2.0… Source link

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Why $14K looks eerily similar to $700 during the 2016 election

Why K looks eerily similar to 0 during the 2016 election

While most investors and traders anticipated massive volatility to occur through the election hours, little has happened. Bitcoin’s price is still relatively stable and hovering under the crucial resistance of $14,000. At the same time, Bitcoin’s price has been moving in tandem with equity markets over the past 24 hours. Bitcoin still can’t break the $14,000 resistance BTC/USD 1-week chart. Source: TradingView The weekly chart is showing a very healthy setup as the price movements look… Source link

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Bitcoin sees record 100 days above $10K as one analyst eyes ‘parabolic’ 2021

Bitcoin (BTC) has officially beaten a new record as BTC/USD trades above $10,000 for 100 days, and major gains should come next. As voting in the United States’ presidential election ended on Nov. 3, Bitcoin saw a landmark moment of its own — 100 days straight trading in five figures. Bitcoin sees record stretch above $10,000 The achievement is not just impressive as a record for $10,000-plus prices. According to previous data, once Bitcoin trades above these significant price levels for… Source link

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Bitcoin, stocks drop as markets uncertain about US election result

Bitcoin, stocks drop as markets uncertain about US election result

The price of Bitcoin (BTC) suddenly fell by 3% within hours on Nov. 4 to $13,566 after briefly rising above $14,000. Coincidentally, the U.S. dollar, gold and stocks all fell together in tandem. Analysts are pointing to uncertainty surrounding the election as the catalyst for the sharp correction. Bitcoin 1-hour chart. Source: TradingView.com Why markets fell after surging during the vote count When the mainstream media was actively reporting the vote count, the price of Bitcoin and stocks… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 4th, 2020

Ethereum Ethereum rose by 1.30% on Tuesday. Partially reversing a 3.42% slide from Monday, Ethereum ended the day at $388.32. It was a mixed start to the day. Ethereum rose to an early morning high $385.68 before hitting reverse. Falling short of the first major resistance level at $399.15, Ethereum slid to an early morning intraday low $370.50. The sell-off saw Ethereum fall through the first major support level at $372.94. Finding support at $370, Ethereum rallied to a late intraday high… Source link

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