Bitcoin

Bitcoin traders and investors have been nervously eyeing markets over recent days, with uncertainty on the rise after bitcoin decoupled from the stock market last week. The bitcoin price, up a staggering 50% on the last six months, looks set to close out 2020 as one of the year’s best performing assets. Bitcoin spiked to just over $14,000 per bitcoin late last month for the first time since the great 2017 bitcoin bubble popped in January 2018. Now, the bitcoin price has added 4% over the… Source link

Bitcoin (BTC) has been on a tear and there’s no escaping it. But the majority of high-cap altcoins are seemingly suffering at the hands of this bull run, leading to the question: have we had our altseason already? Is it over or is there more to come? Multi-year resistance levels BTC/USD 12-hour chart. Source: TradingView  Bitcoin has been eating up multi-year resistance levels like Pacman on an amphetamine-induced rampage lately, smashing through $11,300, then $12,400 then $13,100 before Source link

The price of Bitcoin (BTC) is experiencing a volatile time. After achieving $14,100 for the first time since 2017, a sharp pullback followed. Yet, key on-chain data and whale clusters show that high-net-worth individual investors are holding onto their positions. This trend shows that whales are not expecting a major pullback in the near term. A low level of activity from whales is a positive metric following a large uptrend. It shows that whales are not interested in selling BTC just yet and… Source link

The price of Bitcoin (BTC) rose by 2% in just 30 minutes right as the United States’ stock market rang its opening bell on Nov. 3. During pre-market, the Dow Jones surged by over 350 points as the U.S. election day triggered massive volatility. The four reasons that likely led to a Bitcoin uptrend in such a short period are the election, a stocks upsurge, negative funding and rising exchange outflows. Hourly chart of Bitcoin. Source: TradingView.com Election triggers volatility The U.S. election… Source link

Bitcoin (BTC) was lower for a third straight day around $13,500, having fallen back from a fleeting 33-month high of $14,093 over the weekend. In traditional markets, Asian and European shares rose and U.S. stock futures pointed to a higher open. The yield on 10-year U.S. Treasuries increased 0.03 percentage point to 0.88%. Gold strengthened 0.2% to $1,899 an ounce.  Market Moves The U.S. presidential election is finally here. President Donald Trump’s Republicans are as convinced that… Source link

Bitcoin (BTC) is a recommended hedge against fiat currency inflation along with gold, one of its well-known critics now says. In an appearance on Rosenberg Research’s webcast series on Nov. 2, Jeffrey Gundlach, CEO of investment management firm DoubleLine, produced rare praise for Bitcoin. Bitcoin vs. gold 1-year chart. Source: Skew Gundlach tips Bitcoin and gold for fiat protection Gundlach, informally known as the “Bond King,” is no stranger to discussing Bitcoin, but had previously made… Source link

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

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