Historically, when a Bitcoin (BTC) monthly candle closes above previous candles, the digital asset has seen a prolonged rally. Atop this high time frame pattern, Bitcoin’s monthly candle in September closed above $13,000 for the first time since 2017. Furthermore, the dominant cryptocurrency has shown signs of a clear breakout throughout the past two months. BTC/USD monthly chart. Source: TradingView.com Why Bitcoin may be at the cusp of a new rally In terms of the “BTC rally” narrative, the… Source link

Ethereum’s Infura went down, causing a chain split. The world’s second-largest bank will issue $3 billion in blockchain bonds. President-elect Joe Biden’s transition team features some noted crypto commenters.  Top shelf Chain splitWednesday morning, around 08:00 UTC, Ethereum infrastructure provider Infura disclosed a service outage for its Ethereum mainnet API, related to one of the blockchain’s major clients, Geth. Industry participants began speculating over a possible “chain… Source link

All eyes have been on Bitcoin price in recent weeks as the world’s biggest cryptocurrency rallied by more than 60% in a matter of weeks. However, the focus may soon shift to Ethereum’s Ether (ETH) as it approaches the final resistance zone before a big potential breakout. This is not only the case with the U.S. dollar pair but also with the Bitcoin (BTC) pair, as the latter may have just reached its cycle low. Could this mean that there’s an alt season on the horizon? The signals are… Source link

Bitcoin was higher, pushing toward the upper edge of its recent range between about $14,700 and $15,600. “The positive sentiment towards bitcoin has not gone away,” said Denis Vinokourov, head of research at crypto prime broker Bequant.  In traditional markets, Asian shares tumbled, led by Alibaba and Tencent, as Chinese government issues regulations designed to curb growing influence of big tech companies. European shares were up, and U.S. stock futures pointed to a higher open. Gold… Source link

Crypto winter may be over, but what do these continued price increases mean for the future of the cryptocurrency sector? AFP via Getty Images The steady rise of cryptocurrency prices during the second half of 2020 has continued, and some would say have accelerated, in the face of continued political and economic uncertainty the world over. While this is certainly good news for crypto investors and those that continue to believe in the long term bullish case for… Source link

The price of Bitcoin (BTC) has reclaimed $15,500 on Nov. 11 after whales sold the highest amount of BTC since March. In past cycles, the dominant cryptocurrency typically rallied after a sell-off from whales. On March 12, for instance, the All Exchanges Inflow Mean (MA7) indicator hit 3. At the time, BTC declined to as low as $3,596 on BitMEX after seeing cascading liquidations. Since then, the MA7 has never increased above 1.7. On Nov. 11, for the first time since March, the MA7 neared 2…. Source link

China Construction Bank, one of the “big four” banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange. Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds for bitcoin and U.S. dollars through its unit in Malaysia, the South China Morning Post reported Wednesday. This is the first digital… Source link

The Monero (XMR) network has been targeted with a type of attack called the Sybil attack. Monero developer Riccardo Spagni announced that the attack did not succeed. Riccardo Spagni, the leading developer of Monero, announced that a Sybil attack was carried out against Monero. The attack, aimed at disrupting the functioning of the Monero network, did not succeed. The Sybil attack is a security threat that, according to Binance Academy’s definition, is the result of someone trying to… Source link

Bitcoin and cryptocurrency prices have soared over the last few weeks, pushed on by a raft of positive news and boosted by the U.S. election. The bitcoin price has also climbed after central banks around the world, including the U.S. Federal Reserve last month, have signalled they are increasingly looking into digitalizing their currencies, potentially opening up the bitcoin and crypto market to millions. Now, bitcoin and crypto watchers are braced ahead of the European Central Bank’s… Source link

The overall market conditions haven’t shown any significant momentum on Tuesday’s market session as Bitcoin looks to sustain above the support level of $15200 and Ether is looking to have a positive, sustainable breakout above $450.00 The global crypto market capitalization has reached $441.02B, resulting in a decline of -0.66% over the day  The total volume traded in the crypto market in the last 24 hours stands at $122.31B resulting in an increase of… Source link