Bitcoin was trading above US$20,000 for the first time in almost three weeks on Wednesday morning trading in Asia. Ether and the rest of the top 10 cryptocurrencies by market capitalization, excluding stablecoins, also gained after the U.K. parliament voted for crypto to be regulated as financial instruments. See related article: Top “UK Crypto Hub” proponent Rishi Sunak to become prime minister Fast facts Bitcoin gained 4% to US$20,091 in the 24 hours to 8:15 a.m. in Hong Kong, reaching a… Source link

In traditional markets, U.S. stocks continued their recent winning ways, rising for a third consecutive day as investors savored the upbeat third-quarter earnings reports from the likes of Coca-Cola and automotive giant GM. The tech-focused Nasdaq jumped 2.2%, while the S&P 500, which has a strong tech component, and Dow Jones Industrial Average (DJIA) climbed 1.6% and 1.1%, respectively. Source link

Litecoin price takes off! Is this the beginning of Crypto Season? Litecoin price has taken the market by a stunning surprise as the bulls have taken complete control of the trend prompting a 7% rally. The move was catalyzed by a classic retest and all signals from the 21-day simple moving average. Litecoin price currently auctions at $56 as the bulls have successfully taken out the October high. Now the only question is when will the uptrend pull back? Bitcoin… Source link

Advertisement &nbsp &nbsp Even though Bitcoin (BTC) was the first to establish digital assets as a way of decentralized payment, meme currencies seem to be taking over the cryptocurrency ecosystem. Shiba Inu (SHIB), a dog, and Apecoin (APE), an ape, are only two examples of the cute creatures that are now used in cryptocurrency mascots, proving that cryptocurrency need not be solemn and severe. Dogeliens (DOGET) is a one-of-a-kind cryptocurrency that could… Source link

Litecoin price is up 7% on the day. The uptrend move has established the largest short-liquidation day in October. Invalidation of the bullish thesis is a breach below $52. Litecoin price stuns the market as a surging rally ensues. Key levels have been identified.  Litecoin price skyrockets Litecoin price has taken the market by a stunning surprise as the bulls have taken complete control of the trend prompting a 7% rally. The move was catalyzed by a classic… Source link

The crypto market is finally showing relief after days in consolidation mode; Ethereum is leading the market with significant profit on lower timeframes. The second crypto by market capitalization is reclaiming its position as a market leader. The last time ETH’s price displayed this price action was in September before “The Merge.”  At the time of writing, Ethereum trades at $1,460 with a 10% profit in the last 24 hours and seven days, respectively. In the… Source link

As the price of bitcoin continues to consolidate around recent lows, investors trimmed their positions in funds designed to profit from further declines in the cryptocurrency. Investors redeemed a net $7.1 million from short bitcoin funds in the seven days through October 21, the crypto asset manager CoinShares wrote. On a month-to-date basis, assets under management (AUM) in these funds had hit an all-time high of $15 million, representing 10% of total AuM. While flows have been mixed… Source link

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The Ethereum Merge was one of the most anticipated upgrades in the history of crypto. Once the upgrade was successfully completed, Ethereum moved from being a proof of work (PoW) blockchain since inception to being a proof of stake (PoS) blockchain. Naturally, this move had some implications for the network and its users.  A Better Ethereum There is no doubt that the move to proof of stake made Ethereum a better blockchain than before. The first thing noticeable… Source link

Bitcoin (BTC) spiked above $20,000 on Oct. 25 as risk assets benefited from new U.S. dollar weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin taps three-week highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $20,191 on Bitstamp. The move came in tandem with rising United States equities, these in turn buoyed by a declining U.S. dollar, which lost traction against major trading partner currencies on the day. With that, Bitcoin saw… Source link