YouTubeReal Vision The price of Bitcoin will hit $1 million in five years, up from around $11,000 right now, thanks to an “enormous wall of money,” a former Goldman Sachs hedge fund chief said in a recent interview. Raoul Pal, who has allocated more than 50% of his capital to Bitcoin, said a wave of institutional funds will adopt the digital currency, as they realize the economy will take a long time to recover from COVID-19. “It’s an enormous wall of money,” he said. “Just… Source link

Bitcoin (BTC) is bullish in three key areas and a “perfect” buy-in is now no lower than $11,000, popular trader Tone Vays says. In the latest edition of his Trading Bitcoin YouTube series on Oct. 14, Vays presented an optimistic take on the Bitcoin price, which he argues has barely any bearish characteristics. Vays: $11,000 zone is “perfect” dip Examining the weekly and daily charts, Vays noted that there was little reason to expect a significant pullback beyond a “one to four-candle… Source link

The price of Bitcoin (BTC) rapidly fell after surpassing $11,500 on Binance between Oct. 14 and Oct. 15. Within two hours, it fell to $11,280, recording a 2.3% drop. After the fall, analysts are expecting another minor pullback in the near term. Three factors likely caused the rejection to occur include a sell-off on BitMEX, a major resistance level and the stock market pullback. Bitcoin dropped as soon as the Dow Jones slumped On Oct. 14, the Dow Jones Industrial Average (DJIA) dropped by… Source link

More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months. According to Glassnode’s “hodlwaves” chart, which offers a chronological breakdown of the velocity of on-chain transactions, roughly 28% of Ether last moved between the past 12 and 24 months — comprising the largest segment of on-chain activity. Ethereum hodlwaves: Glassnode The data suggests that many whales spent 2019 accumulating… Source link

Bitcoin has been pushed into the limelight in recent weeks by a number of high-profile companies investing in the cryptocurrency. The bitcoin price has soared through 2020, climbing over 60% since January, however, the flood of recent groundbreaking announcements has failed to give bitcoin much of a boost. Now, Bessemer Ventures, which counts cloud communications platform Twilio TWLO , image board Pinterest, professional network LinkedIn, and streaming site Twitch among its… Source link

Key Takeaways Litecoin is preparing to work with Cardano on a “velvet fork.” That fork will add several features including cross-chain fund settlement, smart contracts, and improved scalability. It is not yet certain that Litecoin will go forward with these plans. Share this article Litecoin is preparing to collaborate with Cardano on cross-chain interoperability, according to a blog post from David Schwartz, Project Director at the Litecoin Foundation. Velvet Fork Under… Source link

After the BitMEX enforcement action, are other noncompliant exchanges on the CFTC’s radar? “Maybe,” said Chairman Heath Tarbert. In an appearance Wednesday, the regulator largely deferred to his colleagues at the SEC on the question of whether ether in a proof-of-stake version of Ethereum would be a security or a commodity. He similarly punted on DeFi. “Let me just basically say how impressed I am by Ethereum, full stop, period.” No, that’s not a Silicon Valley investor. That was Heath… Source link

Another 2010 block reward was spent on Wednesday morning (ET) adding to the great number of ‘Satoshi era’ or so-called ‘sleeping bitcoins’ waking up in 2020. The block reward with 50 bitcoins was created on November 11, 2010, and transferred in block 652,669 after ten years. During the last few weeks, news.Bitcoin.com has been leveraging multiple tools to crawl the BTC blockchain, in order to research a great… Source link

Last week, Bitcoin (BTC) saw its price rise 6.95%, rising from $10,804 on October 5 to $11,555 by October 12. The surge marked the best performing week for the price of Bitcoin since July and data show a noticeable shift in market sentiment around the digital asset. According to data from TheTie, an alternative data provider for digital assets, the daily sentiment score for Bitcoin has reached 62.4. The metric measures the tone of conversations in Twitter to derive positive or negative… Source link

After the price of Bitcoin (BTC) achieved $11,720 on Binance, traders began to turn slightly skeptical on the dominant cryptocurrency. Despite the initial breakout above two key resistance levels at $11,300 and $11,500, BTC recorded several rejections. While it might be premature to predict a marketwide correction, the level of uncertainty in the market seems to be rising. In the short term, traders pinpoint the $11,200 to $11,325 range as a critical support area. If that region holds,… Source link