Bitcoin (BTC) starts a new week on a high in more ways than one as BTC/USD seals its highest ever weekly close. After days of painfully slow progress, Bitcoin finally put in a breakout move to the upside to pass crucial levels. Now ready to go “parabolic,” some argue, the largest cryptocurrency is now firmly back on the radar of traders after a week dominated by record highs in altcoins. Will “Moonvember” start to live up to its name? Cointelegraph takes a look at what could end up… Source link

Ethereum Ethereum rose by 2.06% on Sunday. Following a 0.98% gain from Saturday, Ethereum ended the week up by 7.62% to $4,617.02. A mixed start to the day saw Ethereum fall to an early morning intraday low $4,506.99 before making a move. Steering clear of the first major support level at $4,390, Ethereum rallied to a late intraday high $4,639.80. Ethereum broke through the first major resistance level at $4,595 to end the day at $4,600 levels. At the time of writing, Ethereum was up by 0.09% to… Source link

Global investment bank JPMorgan has doubled down on its bitcoin price prediction of $146K. The bank’s analyst explained that the price of the cryptocurrency could reach that level if its volatility subsides and institutional investors start investing in bitcoin more than gold in their portfolios. JPMorgan Renews $146K Bitcoin Price Prediction JPMorgan released an inaugural report of its new publication last week focusing on the outlook for alternative investments, including digital… Source link

The cryptocurrency known as Bitcoin has become widespread across the world, and many peg it as the future of money as we know it. Others have harsher views towards the virtual currency, skeptical of its lasting value and environmental impact. Regardless, the influence this digital currency has is undeniable, and it has kicked off the cryptocurrency craze around the world. But what is Bitcoin? Who created it? How is it made, how much is it worth and what are the many problems… Source link

Image by WorldSpectrum from Pixabay It’s remarkable how far we’ve come in only a little more than a decade. Since its launch in 2009 by the pseudonymous creator Satoshi Nakamoto, bitcoin, the world’s first and largest cryptocurrency by market capitalization and dominance, has seen astonishing rises in value. Taking a look back at when the digital asset saw its first significant price increase, going from trading at a few fractions of a cent to 0.08 cents and then to $1, no one could have… Source link

Bitcoin (BTC) traders appear undecided on the next step and this is reflected in the price oscillating between $58,400 and $63,400 over the last 14 days. There are some bearish signals coming from the United States regulatory front, but at the same time,the Bitcoin exchange-traded funds (ETF) surpassing $1.2 billion in assets under management has also boosted investors’ expectations. Bitcoin price in USD at Coinbase. Source: TradingView A Nov. 5 CryptoQuant report confirmed that whales have… Source link

Rahul Rai, co-head of Market Neutral at BlockTower Capital. Rahul Rai Rahul Rai, a 24-year-old hedge fund founder, believes ether could overtake bitcoin in the next six or so months. The ethereum token has the potential to “power the rails of all global finance” through DeFi use, he told Insider. Ether has climbed to new highs recently, and there is around $100 billion in total value locked on the network. Sign up here for our daily newsletter, 10 Things Before the… Source link

Rahul Rai, co-head of Market Neutral at BlockTower Capital. Rahul Rai Rahul Rai, a 24-year-old hedge fund founder, believes ether could overtake bitcoin in the next six or so months. The ethereum token has the potential to “power the rails of all global finance” through DeFi use, he told Insider. Ether has climbed to new highs recently, and there is around $100 billion in total value locked on the network. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Crypto hedge fund… Source link

LTC coin price is currently observing consolidation in the daily chart and can soon see a breakout to a new high. It has seen a gain of more than 2.4% in the past 24 hours. The technical indicators of Litecoin suggest a strong upside momentum in price. In contrast, LTC/BTC pair is up by more than 1.6% LTC coin price is currently observing a strong bullish trend and can soon see a new high. Litecoin’s price has seen a gain of more than 2% in the previous trading session and is trading… Source link