Bitcoin’s brief breach of $18,000 and its sustained consolidation above $17,000 has renewed the bullishness in the market, with many of the industry’s alts climbing on the charts on the back of BTC’s performance. The cases of Monero, Ontology, and DigiByte followed this template, with their price performances replicating the general optimism in the market. Monero [XMR] Source: XMR/USD on TradingView Monero, the industry’s leading privacy coin, was rescued from further sideways movement… Source link

Ethereum Ethereum fell by 0.79% on Wednesday. Partially reversing a 4.73% rally from Tuesday, Ethereum ended the day at $478.96. It was a bullish start to the day. Ethereum rallied to an early morning intraday high $495.68 before hitting reverse. Ethereum broke through the first major resistance level at $491.77 before sliding to a mid-morning intraday low $456.5. The sell-off saw Ethereum fall through the first major support level at $466.82 to sub-$460 before finding support. Ethereum briefly… Source link

INX Limited CMO Douglas Borthwick discusses the future of Bitcoin. As Bitcoin approaches record levels last reached in December 2017, it turns out Wall Street isn’t the only group interested in the cryptocurrency now Hollywood wants in. DOJ SEIZES BITCOIN VALUED AT MORE THAN $1B RELATED TO SILK ROAD ‘Game of Thrones’ star Maisie Williams sparked a discussion earlier this week after putting out a poll on Twitter asking her 2.7 million followers if she should “go long on bitcoin,” a… Source link

The popular digital currency, which is arguably one of the most polarizing in financial markets, is approaching heights not seen since the frenzied rush into cryptocurrencies three years ago. Bitcoin’s price BTCUSD, +0.29% on Wednesday briefly hit an intraday peak at 18,358.98, and was pulling back in recent trade but still on pace for the fourth-highest finish in its history since December 2017, when the asset briefly flirted with $20,000 before collapsing… Source link

Crypto Fear and Greed Index stood at 91 to denote extreme greed as Bitcoin, after a brief dip below $17,500, rose past $18,000 once more. Binance Coin broke out of a triangle pattern and showed signs of an uptrend. Monero was also strongly bullish, while Algorand traded within a range over the past two weeks. Binance Coin [BNB] Source: BNB/USDT on TradingView Binance Coin formed a descending triangle and broke out to the upside, but short-term volatility saw the price $28.83 to $27.5. The RSI… Source link

Topline Amid a pandemic that’s seen the U.S. dollar tank in value, the price of bitcoin has exploded nearly 150% this year and 15% in the past week alone, sparking a wave of renewed attention from Wall Street as the pioneering cryptocurrency nears its all-time price peak from late 2017 (before the crypto market infamously crashed). Bridgewater Associates founder Ray Dalio at Fox Business Network Studios in New York City. (Photo by … [+] Roy Rochlin/Getty Images) … Source link

Crypto service provider Bitcoin Suisse expects to offer its Ethererum staking services before Christmas, underscoring the firm’s expectations of an imminent launch of Ethereum 2.0.  In a statement released Wednesday via Trustnodes, Bitcoin Suisse said: “The deposit contract for Ethereum 2 is now live. This means that the new version of the second biggest protocol by market cap will most likely become a reality before Christmas.” The firm intends to offer the staking service from the… Source link

Text size Dreamstime The price of Bitcoin is gaining again Wednesday—and it’s not far away from its all-time high. How… Source link

REUTERS/Baz Ratner Bitcoin rose above $18,000 on Wednesday, to its highest in three years, and its market capitalization has hit an all-time record of $336 billion. The price has closed above $17,000 on only five other days in history, Deutsche Bank analysts said. Frenzy over its price caught the attention of Hollywood celebrity Maisie Williams, who ran a Twitter poll Tuesday on whether she should buy Bitcoin. Events triggering Bitcoin’s price surge include improvement in mainstream… Source link

Bitcoin (BTC) is setting new records in almost all aspects except USD spot price, says a new digest, which concludes that 2020 is not like the 2017 rally. In a blog post on Nov. 17, Nic Carter, co-founder of statistics resource CoinMetrics, highlighted nine charts, which as of this week, are higher than ever. 10 charts highlight “clear improvements” From wallet balances over $10 to institutional holdings and even Bitcoin spot prices in various fiat currencies, the data shows that Bitcoin… Source link