Bitcoin

Chesnot/Getty Images Bitcoin’s 8% surge on Wednesday could be just the beginning of an even bigger move higher if analysis from Fairlead Strategies’ Katie Stockton proves to be correct. In a note on Wednesday, Stockton said that improving technicals could shore up Bitcoin’s price to $14,000, representing a 10% jump from current levels. “Bitcoin has seen short term momentum improve within its long term uptrend and has a good amount of room to resistance, which is close to about… Source link

Getty Bitcoin is a canary in the coal mine. When it jumps or dumps you can almost be certain the reason will pop up in the news in a few days time. Bitcoin is hopping and as such I’m looking at gold and sweating because Bitcoin has a habit of leading the bigger heavier haven assets like gold by a day or two and I love gold right now, but I am out of it because a crash in the stock market will pull gold shares down with it in the short term and that is what I feel is… Source link

What feels better than watching Bitcoin (BTC) skyrocket on bullish mass-adoption news? For hodlers, there aren’t too many events in life more satisfying than a trip to the moon — and now the rest of the world seems to be catching on. Bitcoin, it seems, is outstripping sex — at least when it comes to Reddit users — which may come as little surprise to those of us who spend time on the “front page of the internet.” Source: Reddit. Reddit enjoys a massive audience of 440 million users and… Source link

Reuters Bitcoin spiked as much as 8% higher on Wednesday after PayPal revealed it will soon allow users to buy, sell, and hold the popular cryptocurrency. The leap pushed bitcoin to an intraday peak of $12,817.17, its highest level since July 2019. PayPal’s Wednesday announcement marks the latest move by a financial-services giant to accept cryptocurrencies. Billionaire investor and bitcoin bull Michael Novogratz deemed PayPal’s move “the biggest news of the year in crypto.” Source link

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

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