Bitcoin

Bitcoin (BTC) dropped $1,000 in minutes on Nov. 26 as a long-awaited pullback hit the market at close to $19,500. BTC price hits $17,250 lows Data from Cointelegraph Markets and TradingView showed BTC/USD experiencing major volatility overnight on Wednesday. After nearly hitting $19,500 during the day’s trading, after-hours saw a period of bearish indecision that ended in a sharp sell-off. Bitcoin then bounced at $17,250, capping daily losses of around 5%. BTC/USD 1-hour chart. Source:… Source link

Bitcoin is back in the limelight after almost three years out in the cold, brushing up against its all-time high of around $20,000 per bitcoin this week. The bitcoin price has risen nearly three-fold since the beginning of 2020, pushed on by unprecedented central bank money printing that’s highlighted its fixed limit and fresh interest from Wall Street and big-name investors. Now, after payments giant PayPal PYPL revealed it would begin to support bitcoin buying and spending… Source link

Dado Ruvic/Reuters/Illustration Bitcoin could surge to $100,000 by the end of 2021, according to the crypto investor Anthony Pompliano. Pompliano, a cofounder of Morgan Creek Digital, told CNBC on Wednesday that demand for Bitcoin was rapidly exceeding supply and that the macroeconomic environment of low interest rates was “rocket fuel” for the cryptocurrency’s price. “I don’t think it’s that crazy to see a $100,000 bitcoin price by the end of 2021,” Pompliano said. “And if we… Source link

Bitcoin $20,000: Will Joe Biden and Janet Yellen embrace cryptocurrency? | Fortune … Source link

Bitcoin (BTC) traders are pinpointing the order books of major exchanges that show the $19,500 level is a near-term resistance level. Bitcoin rejects $19,500 for now On Nov. 25, Bitcoin price was rejected at $19,500 with a relatively large volume across top spot exchanges. On Binance, for example, BTC price hit $19,484 before seeing a slight pullback to sub-$19,300. BTC/USDT 4-hour chart (Binance). Source: TradingView.com The minor rejection likely occurred because of the stacks of sell orders… Source link

Activity in bitcoin’s options market shows investors are eyeing more gains for the top cryptocurrency, which is now just 2.8% below a record high.  Bitcoin‘s one-month implied volatility, which is influenced by demand for call (bullish) and put (bearish) options, has risen to 81%, the highest level since May, having begun the month at 58%, according to data source Skew. The major part of the move (from 60% to 81%) occurred over the past five days. The three-and six-month implied… Source link

CNBC Fast Money trader Brian Kelly sees three potential signs of a price top as Bitcoin (BTC) hits $19,000. Both fundamental and technical factors suggest a pullback could be imminent as the rally becomes overextended. BTC/USDT 1-hour chart (Binance). Source: TradingView.com Kelly named three reasons why a short-term Bitcoin pullback might occur. The reasons were the pump of altcoins, overpriced address growth and high funding rates. On Nov. 25, he said on CNBC: “I’m still a Bitcoin bull…. Source link

November 25, 2020 5 min read This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. This story originally appeared on Alto Nivel By Guillermo Barba The narrative in bitcoin is cyclical, and given its extreme volatility, it is normal: when it plummets from highs, its detractors talk that the most popular of… Source link

What’s behind this current run-up in the price of bitcoin? That’s a question for which many people want a definitive answer. So far, one unifying theory is tough to come by. What we do know is that since mid-October the price of bitcoin shot up from the $11,000 range to the cusp of $19,000. And while prices are a few hundred dollars shy of its all-time high, bitcoin’s market cap recently set a record by breaking above $345 billion; since the mega-rally in 2017, more bitcoin has been… Source link

Reuters/Lucas Jackson Bitcoin soared above $19,000 on Tuesday for the first time in nearly three years, bringing the cryptocurrency within spitting distance of its 2017 record. The price of bitcoin jumped as much as 3.3%, to $19,272.21, through the morning. Cryptocurrencies have garnered new interest from both Wall Street and Main Street in recent weeks as companies and traditional investors embrace digital tokens. The rally lifted other popular cryptocurrencies including Source link