Bitcoin (BTC) saw its biggest negative difficulty adjustment in almost 10 years on Nov. 3 as the network flawlessly takes care of itself. Data from monitoring resource BTC.com shows that the Bitcoin difficulty automatically readjusted by 16% on Tuesday. Difficulty sheds most in nine years Estimates had previously suggested that the adjustment would be around 13%, but it was the second-highest in Bitcoin’s history. Only in 2011 was there a larger difference — 18%, which also came at the end… Source link

The price of Bitcoin (BTC) has declined by more than 3% in the past two days. The pullback of the dominant cryptocurrency comes amid growing regulatory pressure in China and Hong Kong. The daily price chart of Bitcoin. Source: TradingView.com Timeline of exchange FUD in the past month On Oct. 16, top Bitcoin futures exchange OKEx suspended withdrawals after one of the exchange’s private key holders was reportedly arrested. Merely 17 days later, speculation that Huobi, a Singapore-based… Source link

The co-founder of crypto data aggregator Markets Science, Twitter-user ‘Bitdealer,’ has shared a chart  indicating negative correlations between 11 top DeFi tokens and BTC over the past 45 days to Nov.1, with AAVE showing neutral correlation and UNI showing confluence if less than 0.1. Seven of 13 DeFi tokens were also found to have negative correlations with Ethereum (ETH), despite Ethereum powering much of the DeFi ecosystem. With many decentralized finance (DeFi) tokens struggling… Source link

The Hourly View for LTC Last Updated November 3, 2020, 01:036 GMT At the moment, LTC’s price is up $0.18 (0.33%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a… Source link

Ethereum Ethereum slid by 3.42% on Monday. Reversing a 2.63% gain from Sunday, Ethereum ended the day at $383.33. It was a mixed start to the day. Ethereum rose to an early morning intraday high $404.57 before hitting reverse. Ethereum broke through the first major resistance level at $401.34 before sliding to a mid-day intraday low $378.36. The sell-off saw Ethereum fall through the first major support level at $388.78 and the second major support level at $380.66. Steering well clear of… Source link

Bitcoin: PayPal plans a much wider embrace of cryptocurrency, including Venmo use | Fortune … Source link

A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege “the defendants’ Hayes, Delo, and Reed looted about $440,308,400 of proceeds of various nefarious activities.” The cryptocurrency derivatives platform Bitmex is facing a lawsuit that claims the exchanges… Source link

The price of Bitcoin (BTC) has pulled back substantially since its yearly high at $14,149 a few days ago. Yet, there are five signs that the real rally is only just starting. Rising “HODLing” activity, record-high fundamentals, low retail interest, higher time frame breakout and technical indicators suggest that a bigger bull run may be brewing.  Higher time frame breakout Bitcoin has dropped over 6% from its local peak at over $14,000, a level it hasn’t tested since 2017. But on the… Source link

The cryptocurrency market momentum has swung back to Bitcoin (BTC) recently as BTC dominance and trading volumes have been climbing along with the price. In that regard, the primary altcoin indicator Ether (ETH) has not been doing well as ETH/BTC dropped 30% in the last two months.  Now many crypto traders are asking when the altcoins will bottom out and start to rally again. Let’s take a looks at what the charts are showing.  Ether staying above 100-week and 200-week MAs ETH/USD 1-week… Source link

Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation hit Venezuela already use bitcoin as a store of value as well as for cross border payments. Plans of Adding Bitcoin-Petro Trading… Source link