Ethereum (ETH) is changing hands at $381. The second-largest digital asset with the current market capitalization of $17.7 billion has gained over 3% in the last 24 hours and stayed mostly unchanged on a week-to-week basis. Despite the recovery, ETH is still locked in the range. The trading activity has been stable recently, with an average daily trading volume of $13 billion, which is in line with the long-term average figures.  EOS Price Prediction: EOS On The Cusp Of… Source link

On Oct. 21 Bitcoin (BTC) price overtook the $13K mark to reach $13,217 after traders took out key resistance levels at $11,900, $12,000, and $12,500 in the last 48-hours. While there are various technical reasons behind the abrupt upsurge, there are three key factors buoying the rally. The three catalysts are a favorable technical structure, PayPal enabling cryptocurrency purchases, and Bitcoin’s rising dominance rate. PayPal’s crypto announcement adds to BTC’s momentum Earlier today, PayPal… Source link

After witnessing a brief sell-off period just two days back, the privacy coin Monero regained its bullishness. The presence of bearish sentiment was confirmed by the moving averages for Crypto.com Coin, with the digital asset falling back to its June 2019 lows. Given Synthetix’s persistent downtrend and a clear bearish outlook, the SNX market was likely to witness a few more rounds of selling pressure. Crypto.com Coin [CRO] Source: CRO/USD on TradingView At press time, Crypto.com Coin was… Source link

As Bitcoin (BTC) breaks the $12,000 resistance, derivatives markets are flirting with overly excessive bullish sentiment. The futures basis and the options 25% delta skew both reached the same levels seen now on October 12 when BTC briefly tested $11,700 but failed to maintain momentum. What differentiates the current situation from nine days ago is the positions of top crypto traders. On Oct. 12, these traders increased their longs, but during the recent move to $12,000 these professional… Source link

The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm Microstrategy announced it purchased 21,454 BTC for around $250 million. Then the Nasdaq listed company bought another 16,796 Source link

Chesnot/Getty Images Bitcoin’s 8% surge on Wednesday could be just the beginning of an even bigger move higher if analysis from Fairlead Strategies’ Katie Stockton proves to be correct. In a note on Wednesday, Stockton said that improving technicals could shore up Bitcoin’s price to $14,000, representing a 10% jump from current levels. “Bitcoin has seen short term momentum improve within its long term uptrend and has a good amount of room to resistance, which is close to about… Source link

Getty Bitcoin is a canary in the coal mine. When it jumps or dumps you can almost be certain the reason will pop up in the news in a few days time. Bitcoin is hopping and as such I’m looking at gold and sweating because Bitcoin has a habit of leading the bigger heavier haven assets like gold by a day or two and I love gold right now, but I am out of it because a crash in the stock market will pull gold shares down with it in the short term and that is what I feel is… Source link

What feels better than watching Bitcoin (BTC) skyrocket on bullish mass-adoption news? For hodlers, there aren’t too many events in life more satisfying than a trip to the moon — and now the rest of the world seems to be catching on. Bitcoin, it seems, is outstripping sex — at least when it comes to Reddit users — which may come as little surprise to those of us who spend time on the “front page of the internet.” Source: Reddit. Reddit enjoys a massive audience of 440 million users and… Source link

Reuters Bitcoin spiked as much as 8% higher on Wednesday after PayPal revealed it will soon allow users to buy, sell, and hold the popular cryptocurrency. The leap pushed bitcoin to an intraday peak of $12,817.17, its highest level since July 2019. PayPal’s Wednesday announcement marks the latest move by a financial-services giant to accept cryptocurrencies. Billionaire investor and bitcoin bull Michael Novogratz deemed PayPal’s move “the biggest news of the year in crypto.” Source link

Several privacy-oriented cryptocurrencies have had an exceptionally good year so far price-wise, and they have been roundly outperforming Bitcoin. Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. Q3 2020 hedge fund letters, conferences and more The best-known privacy cryptocurrency, Monero (XMR), is up about 80% against Bitcoin this… Source link