bitcoin

Is Bitcoin Building Support Above $11,000?

Bitcoin prices have remained above $11,000 since October 10, trading within a reasonably tight … [+] range. (Photo by Chesnot/Getty Images) Getty Images Bitcoin prices have been trading north of $11,000 for more than a week, seemingly gathering strength above that level. The digital currency has rallied this year, climbing more than 200% from under $3,900 in March to more than $11,800 today, CoinDesk data shows. While it has experienced some notable… Source link

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Closing Time for Bitcoin’s Iconic Room 77 – ‘And That’s OK,’ Says Owner

Tucked away on a quiet street in Berlin’s Kreuzberg district, Room 77 had the look of your typical dive bar – until you paid attention to the details. If you did, you’d notice the grungy scene was punctuated with cypherpunk paraphernalia. One brick wall overlooking a row of booths was populated by the portraits of Ross Ulrbicht, Edward Snowden and Julian Assange. Adjacent to these crypto-anarchy icons, a currency burner (which does exactly what you think it does) sat where an arcade… Source link

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Litecoin and Cardano Exploring ‘Velvet Fork’ Partnership – Here’s How the Crypto Collaboration Could Work

Litecoin (LTC) and smart contract platform Cardano (ADA) are exploring a “Velvet Fork” partnership that will unlock new features in the 10th largest cryptocurrency such as cross-chain communications, smart contract capabilities, and improved scalability. In July, Cardano creator Charles Hoskinson invited Litecoin Foundation managing director Charlie Lee to potentially collaborate on the testing of cross-chain communications between the two… Source link

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Cryptographers Are Always Going to Be ‘One Step Ahead’ of Regulators: Monero’s Spagni

While regulators are trying to restrict privacy in crypto, their efforts may be futile, according to privacy-centric protocol Monero’s maintainer, Riccardo “Fluffypony” Spagni.  “The U.S. Internal Revenue Service (IRS) wants the same level of insight [into monero] as they have over digital dollars in bank accounts; however, cryptographers and researchers are always going to be one step ahead on privacy,” Spagni told CoinDesk.  Launched in April 2014, monero (XMR) is a private,… Source link

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Bitcoin Approaches $12,000 After Snapping Equities Correlation

Bitcoin’s biggest rally in more than a week has pushed it to the brink of $12,000, a key level watched by chartists and technicians. The world’s largest digital currency rose as much as 3.4% on Monday to around $11,835. Crypto fans are closely watching the $12,000 level as a major hurdle to cross before it can embark on a bigger rally. … Source link

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Upgraded Monero Is Best Performer Among Top 15 Coins Today

Source: Adobe/alswart Privacy-focused cryptocurrency monero (XMR) is the best performing coin among the top 15 tokens by market capitalization today after it launched its network update this past weekend. At pixel time (15:51 UTC), XMR, ranked 14th by market capitalization, trades at USD 127 and is up by almost 5% in day, trimming its weekly losses to less than 4%. At the same time, other major coins from the top 15 are up less than 3% in a day. XMR accelerated today after a somewhat… Source link

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‘Old hands selling out’ metric shows Bitcoin price at risk of HODLers dumping

Old hands are selling their Bitcoin (BTC) holdings, according to glassnode’s Coin Dormancy metric. As shown below, dormant addresses selling BTC marked previous tops in BTC. Coin Dormancy of Bitcoin. Source: glassnode On-chain analyst Willy Woo said old hands reliably sold the top until the most recent price cycle. He wrote: “Dormancy is a measure of ‘old hands selling out.’ It’s interesting to see old hands reliably sold tops until this present cycle. They sold the #bitcoin bottom at… Source link

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Ethereum can rise to $800 in 2020 if this bull ‘mini-cycle’ repeats

Markets tend to behave in massive cycles. One of those cycles is the previous Bitcoin (BTC) price cycle from 2014 to 2017. However, within those cycles, are multiple smaller cycles that could often repeat. A similar approach and analysis can be made for Ethereum’s Ether (ETH), which is outperforming BTC year-to-date, as the majority of its impulse upward moves have corrected heavily to retest previous resistance levels. When is the best period to buy ETH/USD and what potential levels can be… Source link

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Monero, Ontology, DigiByte Price Analysis: 19 October

The Crypto Fear and Greed Index was noting a figure of 55, at the time of writing, the same reading as the previous day. Monero was retracing recent gains made, but it did show some signs of heading north. Further, while Ontology formed a bearish pattern on the charts, DigiByte looked to be resolutely heading south. Monero [XMR] Source: XMR/USD on TradingView XMR was trading at $122, at press time. As shown by the Fibonacci Retracement tool, this was close to the 38.2% retracement level of the… Source link

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‘Still so early’ — 7% of Americans have bought Bitcoin, study finds

According to new data from Statista, only 7% of Americans have previously used Bitcoin (BTC). This means current investors in BTC are still in an early stage of growth. Dan Tapiero, the co-founder of 10T Holdings, said Bitcoin is still at the “birth” phase of a new asset class. He wrote: “It’s still so early for Bitcoin. Still at the birth of a new global asset class.” In the longer term, Bitcoin has significant growth potential to evolve into an established store of value, like gold…. Source link

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