Bitcoin (BTC) will hit $65,000 due to a combination of low supply and “tons of new buyers,” major investor Mike Novogratz says. In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent Bitcoin plugs, told actress Maisie Williams not to hesitate in buying the cryptocurrency. Novogratz on Bitcoin: Network effect has “taken over” Williams had released a poll asking Twitter followers whether or not she should invest in BTC. At press time, the… Source link

Bitcoin has somewhat broken out of its niche this year, finding support from some of the world’s biggest banks and big-name investors. The bitcoin price has soared as bitcoin’s reputation has a potential hedge against inflation has grown, with the price climbing to within touching distance of its late 2017 highs of around $20,000—though data suggests bitcoin’s latest rally is very different from three years ago. Now, Ray Dalio, the billionaire founder and co-chairman of the world’s… Source link

Bitcoin (BTC/USD), Litecoin (LTC/USD), Ripple (XRP/USD), Technical Analysis – Talking Points Bitcoin is fast approaching 2018 highs, but momentum is fading Litecoin surges in best day in over 8 months towards resistance Ripple confirmed a push above key resistance, momentum holds Bitcoin rose over 4.6% on Monday, extending remarkable gains that have pushed the cryptocurrency to set new highs this year. One of the more prominent fundamental forces driving it upward has been… Source link

Despite a pullback from the meteoric bull market for decentralized finance, the average DeFi token return has vastly outperformed Bitcoin and Ethereum. The median performance is a different story, however. On Nov. 17, pseudonymous crypto analyst “Ceteris Paribus” shared data with his 12,000 followers compiling the YTD median and average performances of 40 top crypto assets, comprised of 38 top DeFi assets, Bitcoin (BTC) and Ether (ETH). Around 26 of the DeFi assets are currently posting… Source link

Litecoin has been one of the best-performing assets of the past 24 hours. The long-standing cryptocurrency has gained 20% in the past 24 hours, outpacing Bitcoin’s 5% gains and Ethereum’s 3% run. This rally comes shortly after LTC was added to PayPal’s new cryptocurrency service. Many saw this addition as validation of the cryptocurrency, which faced a strong correction after the 2017 bull market. LTC has still yet to recover to its all-time highs,… Source link

Cryptocurrency fund manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust.  According to a Nov. 16 post, Grayscale now holds to $8.35 billion worth of Bitcoin— equating to 2.69% of Bitcoin’s (BTC) outstanding supply and market cap. But with Chainalysis estimating that around 3.7 million BTC have been lost, Grayscale may actually now be in possession of 3.37% of Bitcoin’s remaining circulating supply Appealing to institutional investors who are prepared to… Source link

Ether (ETH) price is currently ranging between $440 and $470, which is similar to the price action seen in December 2017. Back then, the scenario ended up being incredibly bullish, and the altcoin quickly rocketed toward $1,400.  Fast forward to 2020, and some investors believe a similar outcome may occur as a few key on-chain and technical indicators are mirroring the levels seen in the previous bull run. On Dec. 10 Ether price was $450, and it took only 34 days for Ether to reach its… Source link

Bitcoin is knocking at the gates of $17,000 while Ethereum’s transaction growth in 2020 is a positive indicator of future financial use cases. Bitcoin (BTC) trading around $16,829 as of 21:00 UTC (4 p.m. ET). Gaining 6.1% over the previous 24 hours. Bitcoin’s 24-hour range: $15,792-$16,851 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Nov. 14. Source: TradingView Bitcoin’s price made big gains Monday, turning… Source link

The price of Bitcoin (BTC) hit a new yearly high at $16,717 on Binance. Following the breakout, traders expect a larger rally to occur in the near term. There are several reasons why analysts expect a prolonged uptrend. First, Bitcoin cleanly broke out of $16,000, taking out the $16,473 peak achieved on Nov. 13. Second, there is a “sell-side crisis” brewing as more BTC gets accumulated than mined. Third, BTC rallied despite indicators showing overbought signals. BTC/USD 1-hour chart…. Source link

Three years ago, Bitcoin’s historic surge dominated Thanksgiving dinner conversations. This year, the cryptocurrency is in the midst of another notable rally and yet almost no one’s talking about it. How fevered has Bitcoin’s latest leg higher been? With the coin trading around $16,800, it’s been more expensive in only five other instances in the… Source link