Bitcoin Bitcoin rose by 3.00% in the week ending 15th November. Following on from a 12.69% breakout from the week prior, Bitcoin ended the week at $15,965.0. It was a bearish start to the week. Bitcoin fell to a Monday intraweek low $14,841.0 before making a move. Steering clear of the first major support level at $13,842, Bitcoin rallied to a Friday intraweek high and new swing hi $16,481.0. Falling short of the first major resistance level at $16,523, Bitcoin fell back to sub-$16,000 levels. A… Source link

Ethereum Ethereum fell by 2.74% on Sunday. Following on from a 3.35% slide on Saturday, Ethereum ended the week down by 1.33% to $448.58. It was a mixed start to the day. Ethereum rose to an early morning intraday high $463.24 before hitting reverse. Falling short of the first major resistance level at $475.38, Ethereum fell to a late intraday low $439.77. The sell-off saw Ethereum fall through the first major support level at $449.55. Finding late support, Ethereum partially recovered to end… Source link

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.   Top Stories This Week Bitcoin price at $16,000 and beyond? Here are the bear and bull cases We’re undoubtedly in a bull market right now. This week, Bitcoin hit $16,000 for the first time in years.  Even this weekend’s… Source link

The world’s premier privacy coin, Monero appeared to break out of a short-term downtrend and could be set to move toward its resistance around the $127-level, provided it can defend an important level of support at $115 if the bears gain some traction over the next few hours. Further down the crypto-ladder, Basic Attention Token could be poised to follow the gradual downtrend it has been on over the past couple of months while Crypto.com Coin continued to post losses on its charts. Monero… Source link

The Bitcoin Cash community has been patiently waiting for weeks for the November 15, 2020 upgrade and the day is finally here. Every six months the Bitcoin Cash network upgrades, but this time around, a conflict sparked over Bitcoin ABC’s Infrastructure Funding Plan (IFP). During the course of the day, the following editorial will be monitoring the Bitcoin Cash upgrade in real-time so our readers can be kept up to… Source link

According to Santiment, ETH funds on exchanges have reached a two-year low.  The total value locked up in the DeFi sector has exceeded the previous all-time high. In the last 30 days, Ethereum has showed the highest profits within the top 10 by market cap with 22.23%. Only surpassed by Bitcoin (40.17%), ETH’s price seems to be driven by two factors: the launch of the deposit contract for Ethereum 2.0 and the progressive recovery of the DeFi sector. At the time of publication, ETH is

Joe Biden, the U.S. President-elect, is preparing to move his administration into the White House and bitcoin supporters are hoping Biden will take a more favourable stance toward crypto than President Donald Trump. Last year, Trump sent shock waves through the world of bitcoin and cryptocurrencies when he tweeted a tirade against bitcoin, sparked by Facebook’s plans for its libra cryptocurrency. Now, the bitcoin and cryptocurrency community is eagerly looking forward to Biden’s… Source link

A Bitcoin (BTC) whale placed a $100 million short on Bybit, according to the pseudonyms trader CL. It comes after various on-chain data points toward a whale-driven sell-off throughout the past week. Though the momentum of Bitcoin remains strong, there are many reasons that make $16,000 an attractive area for sellers. There is significant liquidity at $16,000, primarily because it is a heavy resistance level. But the level has seen relatively high buyer demand, stablecoin inflows show. Hence,… Source link

There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside. The combination of energy arbitrage with accumulating a balance sheet of Bitcoin (BTC) can deliver this. That is why we are seeing a rush of institutions pouring into the Bitcoin mining space and starting to build out megafacilities. Securing new-generation hardware At its peak performance in 2018, Bitmain was able to produce over 95,000 rigs per week. However, since that… Source link

The price of Bitcoin (BTC) dropped to as low as $15,670 on Binance on Nov. 15. The highly volatile drop came hours after BTC reached $16,355, demonstrating strong momentum.  Three key factors likely caused the overnight drop in the price of Bitcoin. The three potential factors are a weekend shakeout, the daily moving average (MA) retest, and a retest of the parabola. BTC/USD daily chart . Source: TradingView.com Weekend shakeouts and lower support retests are healthy As Cointelegraph reported,… Source link