Bitcoin

Get Forbes’ top crypto and blockchain stories delivered to your inbox every week for the latest news on bitcoin, other major cryptocurrencies and enterprise blockchain adoption. Bitcoin surged past $15,000 and has its sights set on its all-time high. getty CRYPTO MARKETS Bitcoin’s bull run kicked into high gear and reached heights not seen since its December 2017 peak, as U.S. election anxiety and uncertainty lingered throughout the week. Bitcoin

In early September of this year, the market capitalization of Bitcoin (BTC) was hovering at around $190 billion when the BTC price was hovering around $10,000. In the past two months, however, the price of Bitcoin rose from to over $15,000. With it, the market cap of Bitcoin surged from $190 billion to around $280 billion. This now makes Bitcoin more valuable than most major U.S. companies. The weekly price chart of Bitcoin. Source: TradingView.com Bitcoin is equivalent to the 18th largest… Source link

A number of third party infrastructure providers have announced contingency plans for the upcoming Bitcoin Cash upgrade on November 15, 2020. Hitbtc has revealed the exchange’s plans to halt bitcoin cash transactions on that day, and it plans to credit all users with an additional token if a blockchain split happens. Additionally, Kraken has announced plans for the fork as well with airdrop support requirements. The… Source link

Thirty-nine companies have applied for registration with the Dutch central bank to provide cryptocurrency services, the regulator told news.Bitcoin.com. They include crypto exchanges and custodial wallet providers. Dutch Central Bank Begins Registering Crypto Service Providers De Nederlandsche Bank NV (DNB), the Dutch central bank, has started actively registering companies to provide cryptocurrency services. As a… Source link

After rejecting at $15,960 on Nov.6 Bitcoin (BTC) price has been defending the $15,000 support level with strength. Based on four on-chain data points, analysts believe the rally might continue beyond $16,000. Analysts have pinpointed lower Bitcoin exchange reserves, unmoved supply, a rise in “stronger hands,” and unrealized profits as factors for the rally to continue. The number of BTC held on exchanges drops Recently, Delphi Digital, an independent cryptocurrency research and consulting… Source link

On November 7 at around 12:37 a.m. (EST), another string of so-called ‘sleeping bitcoins’ were moved for the first time since 2010. The peculiar movement stemmed from 20 blocks from 2010 with approximately 1,000 BTC spent ($15.5 million) in a single block. **Update 10:20 a.m. EST: Seven hours prior on Nov. 6, 2020, a 2010 coinbase reward mined on July 29, was transferred. This block reward, if included with the 20… Source link

Bitcoin has exploded over the last month, adding almost 50% to its price and eliciting jubilation from the long-suffering cryptocurrency community. The bitcoin price, still some way off its all-time high of around $20,000 per bitcoin, has climbed through 2020, coming within touching distance of $16,000 this week after falling under $4,000 in March. Despite bitcoin’s mammoth rally, mainstream interest in bitcoin and cryptocurrencies has failed to return to the same degree as at the height… Source link

George Frey/Getty Images/AFP/File Bitcoin leapt 17% this week to cross the $15,000 mark, nearing a 3-year-high. The digital token’s latest surge came as Joe Biden’s election lead edged up higher. He is projected to defeat incumbent President Donald Trump in the 2020 election. A divided Congress would be great for Bitcoin because the dollar can expect a substantial decline under a gridlocked government, Bill Noble, chief technical analyst at Token Metrics, told Business… Source link

Despite Bitcoin’s (BTC) steep rally in November, the price is consolidating above $15,000 as on-chain analyst, Willy Woo says a blow-off top is unlikely for three main reasons. The three factors are the growing outflow of funds from exchanges, increase in “HODLers,” and data showing that investors already took profit. Bitcoin is moving from exchanges to individual wallets According to the data from Glassnode, a large amount of Bitcoin has been moving out of centralized exchanges in late… Source link

Bitcoin price (BTC) appears to be taking a short breather after reaching a new 2020 high at $15,960 on Nov. 5. The 1-hour and 4-hour timeframe show the price compressing within a flag and throughout the majority of the trading day, the $15,500 level has held as support. $15,750 is the level Bitcoin needs to break in order to pursue another stab at $16,000.  BTC/USDT 4-hr chart. Source: TradingView Within the last hour, a dragonfly doji candle formed as the price swept low to test the lower… Source link