Bitcoin (BTC) hit highs of $12,865 during trading on Oct. 21 as news that PayPal would support cryptocurrency continued to boost markets. Cryptocurrency daily market overview. Source: Coin360 BTC price closes in on 2019 highs Data from Cointelegraph Markets, Coin360 and TradingView confirmed Bitcoin’s best day in over a year as 24-hour gains topped 7%. At press time, hours after rising to $12,400, BTC/USD crossed $12,500 to only see resistance at just below $13,000. BTC/USD 1-hour price chart…. Source link

Bitcoin blew past $12,000 to its highest price in two months, bringing into view the prospect of a fresh 2020 high. The largest cryptocurrency was changing hands Wednesday around $12,200, within striking distance of the year’s high around $12,500. And that was even before the news emerged that electronic consumer payments giant PayPal had been granted a conditional New York state license for a partnership to buy and sell cryptocurrencies.  “Coupled with a seemingly constant flow of… Source link

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Bitcoin (BTC) gained almost 5% on Oct. 21 as bullish price action combined with fresh corporate adoption news to boost gains. Cryptocurrency market daily performance overview from Coin360 PayPal takes BTC price to $12,400 Data from Cointelegraph Markets and Coin360 showed a strong 24 hours for bulls on Wednesday, with BTC/USD topping out at $12,400. At press time, $12,300 formed the focal point, around an hour after Reuters reported that payment giant PayPal plans to support Bitcoin and other… Source link

Bitcoin (BTC) abandoning correlation with traditional markets will be its “biggest story” if it continues, one popular analyst says. In a series of tweets on Oct. 21, Cole Garner highlighted Bitcoin’s market decoupling among bullish price factors. Garner: Decoupling will be crypto’s “biggest story” Garner retweeted a chart of Bitcoin, gold, the S&P 500 and Ether (ETH), which shows Bitcoin striking out on its own, delivering positive returns while other assets floundered. The chart Source link

Bitcoin has climbed this week, boosted by remarks made by the chairman of the Federal Reserve, Jerome Powell, on digital currencies and by renewed hopes of a fresh stimulus deal. The bitcoin price has climbed above $12,000 per bitcoin for first time since mid-August and is nudging its year-to-date highs. However, bitcoin’s rally has failed to boost other major cryptocurrencies, including ethereum, Ripple’s XRP, litecoin, chainlink. Now, researchers have identified what’s really driving… Source link

Bitcoin has climbed this week, boosted by remarks made by the chairman of the Federal Reserve, Jerome Powell, on digital currencies and by renewed hopes of a fresh stimulus deal. The bitcoin price has climbed above $12,000 per bitcoin for first time since mid-August and is nudging its year-to-date highs. However, bitcoin’s rally has failed to boost other major cryptocurrencies, including ethereum, Ripple’s XRP, litecoin, chainlink. Now, researchers have identified what’s really driving… Source link

The price of Bitcoin (BTC) has been rallying strongly while Ethereum (ETH) and other large-cap alternative cryptocurrencies (altcoins) have slumped. In previous bull cycles, ETH front ran BTC, not the other way around. The current market dynamics are uncanny because Bitcoin has been solely increasing in price, while the cryptocurrency market stagnates. In fact, major altcoins, including Ethereum, have been dropping in value against both BTC and the U.S. dollar in the past nine days. … Source link

The average value of Bitcoin (BTC) transactions has increased dramatically since July this year.  The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer — representing an increase of more than 500%. Average Bitcoin transaction value. Source: BitInfoCharts The latest spike, as shown by crypto analytics platform BitInfoCharts’ data, saw the average value of a transaction increase almost… Source link

Ethereum Ethereum slid by 2.82% on Tuesday. Reversing a modest 0.21% gain from Monday, Ethereum ended the day at $368.81. It was a mixed start to the day. Ethereum rose to an early morning intraday high $380.90 before hitting reverse. Falling short of Monday’s high $384.69 and the first major resistance level at $385.07, Ethereum fell to a late intraday low $364.04. Ethereum fell through the first major support level at $373.27 and the second major support level at $367.18. More significantly,… Source link