Bitcoin

For novice traders, FOMO can be a heavy burden to bear. Resisting the urge to buy Bitcoin (BTC) after a nearly 15% rally, which saw the price break both the $12K and $13K levels in less than 24 hours, is almost impossible. Professional traders are more experienced and know precisely how to play these FOMO-inducing situations. As data has shown, they were mostly adding shorts up to October 20, right before the $12K rupture. BTC futures aggregate liquidations. Source: Coinalyze.net Most investors… Source link

Share to Facebook Share to Twitter Share to Linkedin PARIS, FRANCE – FEBRUARY 12: In this photo illustration, a visual representation of the digital … [+] Cryptocurrency, Bitcoin is displayed in front of the Bitcoin course’s graph on February 12, 2020 in Paris, France. The price of Bitcoin is rising and has once again passed above the very symbolic bar of 10,000 US dollars. (Photo by Chesnot/Getty Images) Getty Images Bitcoin is on the move again. Priced just… Source link

Bitcoin price has seen a healthy upward tick toward the $13,000 mark in the fourth quarter. At the start of the quarter, Bitcoin (BTC) was in the sub-$11,000 region, and from there, constant rises took the price to the $13,000 mark on Oct. 21 for the first time this year. The price rallied to $13,217, a record high for 2020, before falling to around the $12,750 mark. This upward price movement is certainly indicative of the bullish sentiment held by investors in the current market. Rising hash… Source link

REUTERS/Eduardo Munoz Bitcoin’s October rally will continue as investors start scooping up the token as an inflation hedge, billionaire investor Paul Tudor Jones said Thursday. The world’s largest cryptocurrency is up nearly 20% this month and recently rallied above $13,000 for the first time since July 2019. With the Federal Reserve slated to pursue price growth above 2% in the future, bitcoin will serve as “the best inflation trade,” Jones said on CNBC. Betting on the… Source link

Bitcoin (BTC) has a 7% probability of beating its $20,000 all-time highs by the end of this year, data shows. According to data from on-chain analytics resource Skew, as of Oct. 22, Bitcoin options were moving in favor of higher prices continuing in 2020. BTC odds “repricing quickly” At press time, the likelihood of BTC/USD being $20,000 or higher by Dec. 31, 2020 was 7%, with 11% for $18,000. By March 2021, more bets said that Bitcoin would have reclaimed $20,000 (14%), while the figure for… Source link

Compiled by entrepreneur and market commentator Alistair Milne, exchange rate figures show that at this week’s highs, Bitcoin was worth more in seven currencies than ever before. Countries where #Bitcoin has hit a new ATH in their local currency: Brazil – pop. 209millionTurkey – pop. 82mArgentina – pop. 44.5mSudan – pop. 41mAngola – pop. 30mVenezuala – pop. 29mZambia – pop. 17m Soon: RussiaColombia … then all other fiat currencies — Alistair Milne (@alistairmilne) October 22, 2020 Milne:… Source link

The online payments company declared adding crypto was a significant milestone on the path to mainstream adoption of cryptocurrencies such as bitcoin. Bitcoin investors agreed: Prices rose 5% on the news Wednesday. The efficiency, speed and resilience of cryptocurrencies give people financial inclusion and access advantages, said PayPal President and CEO Dan Schulman, who described the eventual shift from physical to digital currencies as “inevitable.” Cryptocurrency is digital money exchanged… 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

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