Traders are usually skeptical as Bitcoin (BTC) approaches key resistances, and there was no exception as the price added 7.7% to attack the $11K level.   Not every rally will shift technical indicators to overbought levels, but there is usually some gain in volume and futures contracts sentiment that may transition from neutral to bullish. Derivatives markets are especially sensitive to trend changes due to leverage. Yesterday, as Bitcoin price closed in on $11K, Cointelegraph cautioned that… Source link

Bloomberg News reporter Mathew Leising’s new book “Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist That Almost Destroyed It All” tells the story of the infamous DAO hack that almost brought down the world’s second-largest blockchain. In June 2016, a here-to-now unknown assailant (or assailants) began syphoning off funds from Ethereum’s first decentralized autonomous organization, or DAO, a bit of software that functions like a corporation. Weeks earlier… Source link

Between Sep. 9 and 16, the price of Bitcoin (BTC) rose by over 11%. Similarly, in the same period, Tesla stock (TSLA) surged from $330.21 to $449.76, by 36.2%. Millennials love TSLA stock and Bitcoin Tesla stock and the Bitcoin price have seen an uncanny correlation in recent weeks. The correlation might come from the similarities between BTC price movements and the S&P 500. It also might be related to the fact that millennial traders actively trade both BTC and TSLA. Bitcoin price falls as… Source link

Bitcoin (BTC) hodlers are beating out speculators in a sign that the cryptocurrency’s bull run is “just beginning,” data suggests. Part of asset manager Grayscale’s Valuing Bitcoin report issued this month, the Hodler vs. Speculator Index (HSI) is showing highly bullish divergence. Grayscale notes “similar structure to early 2016” HSI measures Bitcoin activity from wallets in order to give an impression of how network participants are using BTC — and market sentiment as a… Source link

Litecoin Litecoin fell by 1.18% on Wednesday. Following a 1.59% decline on Tuesday, Litecoin ended the day at $47.74. A bearish start to the day saw Litecoin fall to an early morning intraday low $47.00 before finding support. Litecoin fell through the first major support level at $47.53 before rebounding to a late afternoon intraday high $48.76. Falling short of the first major resistance level at $49.72, Litecoin fell back to end the day at sub-$48 levels. At the time of writing, Litecoin was… Source link

Bitcoin’s price continues to move up, with a little help from the U.S. Federal Reserve, while ether traders are hedging in the options market. Bitcoin (BTC) trading around $10,979 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours. Bitcoin’s 24-hour range: $10,662-$11,099 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Sept. 14.Source: TradingView Bitcoin hit as high as $11,099 on exchanges such as… Source link

The price of Bitcoin (BTC) broke above $11,000 at last, after 13 days within a tight range. But this time, the market dynamic is different because Ether (ETH) and most decentralized finance tokens are declining.  As Bitcoin rose to as high as $11,024 on Coinbase on Sept. 16, Ether, DeFi tokens and the majority of altcoins stayed stagnant. The contrasting performances between Bitcoin and the rest of the market make the ongoing BTC rally unique. Some traders suggest that profits from Ether and… Source link

Within the last hour, the price of Bitcoin (BTC) surpassed $11,000 across major exchanges, including Coinbase and Binance. This comes after nearly two weeks of low volatility as the cryptocurrency market remained stagnant and Bitcoin price was pinned below multiple resistance levels. BTC/USD daily chart. Source: TradingView.com Unlike the previous rallies which saw Ether (ETH) lead the Bitcoin upsurge, only BTC has moved higher whereas other major cryptocurrencies are still in the red…. Source link

Bitcoin (BTC) is a firm “buy” according to a range of on-chain indicators that are flashing bullish this week. Collected by on-chain monitoring resource CryptoQuant, a total of ten indicators are currently telling investors to enter the market now. CryptoQuant: Bitcoin indicators “healthy” Of the eleven items that form CryptoQuant’s market overview, eight are classified as “buy” and two as “strong buy” for Bitcoin. Only one is “neutral,” while none are… Source link

Monero developers and Perkins Coie present Whitepaper after 18 months of work. Whitepaper concludes that the use of Monero presents less risk to authorities than other payment methods. Former Monero (XMR) lead developer Riccardo Spagni, known in crypto space as ‘Fluffypony’, has presented the result of more than a year’s work. Together with the law firm Perkins Coie and developers from Tari Labs, the whitepaper “Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies”… Source link