Hello. Analysts are reporting gloomy short-term projections for bitcoin as the U.S. Labor Department reports muted inflation over 2020. Here’s the story: Top shelf Institutional productsA new, physically backed bitcoin exchange-traded product (ETP) has hit the SIX stock exchange in Switzerland. Developed by ETC Group, this is the 34th bitcoin ETP on SIX. Meanwhile, the Winklevoss-owned Gemini Trust company is backing the latest bitcoin exchange-traded fund (ETF) application filed in Canada…. Source link

Key Takeaways Monero outperformed all other privacy coins in 2020. Although it took a significant nosedive recently, prices seem ready to regain lost ground. By breaking out of a symmetrical triangle, XMR aims for a 20% price increase. Share this article Monero outperformed all other privacy-centric altcoins in 2020 with a 249% price increase despite tightened regulation. Following its excellent performance in 2020, XMR looks primed for further gains. Leading the Privacy Coins… Source link

getty Last week I sold my bitcoin (BTC) and my ether (ETH) and in an article entitled Bitcoin: Time To Exit I said I thought it could go to $40,000 but I didn’t have the nerve for the next 20%. I said I thought $40,000 was the most likely top but in effect I didn’t care because I had to sell to keep to the law of diversification. Here is the chart: This was my prediction fro bitcoin’s top Credit: ADVFN The file name is even… Source link

Bitcoin snapped a four-day losing streak, appearing to stabilize around $34,000. After the recent market correction, prices for the cryptocurrency are still up 18% year-to-date, versus a 1.2% gain for the Standard & Poor’s 500 Index of large U.S. stocks.   “Now is probably not the time to panic,” Matt Blom, head of sales and trading at the cryptocurrency exchange firm Diginex, wrote in a daily newsletter.  In traditional markets, European shares fluctuated and U.S. stock futures were… Source link

A visual representation of the digital Cryptocurrency, Bitcoin. Chesnot/Getty Images The Bitcoin price hovered around $35,000 and technical analysts said this point was a pivotal one on the daily charts. A break above this level could push Bitcoin back towards all-time highs around $41,000, while a marked drop below could trigger a fall towards key support at $30,000, they said. Although the longer-term outlook for both cryptocurrencies remains skewed to the topside,… Source link

It’s been a rough start to the week for crypto investors, although numbers are starting to point upwards once again. Eyes were anxiously set on a new all-time high for ether that failed to materialize as Bitcoin miners largely pulled the price rug last weekend out from under the entire crypto market. Let us not despair too much, however. There’s much to be discussed in the world of Ethereum 2.0. This week, we’ll look at some network stats that continue to show healthy growth among… Source link

The near-term outlook for bitcoin has dimmed, analysts say, with some now seeing a possible extension of Monday’s major price drop. “There could be another dump as outflows from the cryptocurrency exchange Coinbase Pro have dried alongside an increased transfer of coins onto exchanges,” David Lifchitz, chief investment officer for Paris-based quantitative trading firm ExoAlpha, told CoinDesk. Bitcoin fell by over 20% on Monday to $30,305 amid heavy selling in the spot market. Bitcoin… Source link

Bitcoin has soared to fresh all-time highs in recent weeks—propelling the world’s largest cryptocurrency back into the limelight after a tough three years. The huge bitcoin bull run has been cheered by long-suffering cryptocurrency supporters and boosted by fresh crypto converts, with billionaire Elon Musk last week saying he would never turn down being paid in bitcoin. Now, actress Lindsay Lohan has recorded a paid video via the personalized celebrity video website Cameo predicting… Source link

Monero leads privacy-oriented coins in year-on-year growth, up 249% in 2020. A symmetrical triangle pattern hints at a possible upswing to $200 following the ongoing consolidation. Monero, a $2.7 billion cryptocurrency performed incredibly well in 2020, leaving other privacy-oriented coins in the dust. According to Messari, a cryptocurrency analysis platform, XMR is up 249% year-on-year and is trading at $155. Decred emerged as the second best-performing privacy… Source link

A strong jolt of volatility in cryptocurrencies has dulled hopes that large pension funds and traditional investors will pile into bitcoin anytime soon as a pick-up in institutional interest remains dominated by speculators. Bitcoin, the most actively-traded cryptocurrency, has endured its worst bout of tumult since the global market ructions in March. At one point on Monday, it traded $10,000 below the peak of almost $42,000 it reached just days earlier before recovering to… Source link