Upgraded Monero Is Best Performer Among Top 15 Coins Today

Source: Adobe/alswart Privacy-focused cryptocurrency monero (XMR) is the best performing coin among the top 15 tokens by market capitalization today after it launched its network update this past weekend. At pixel time (15:51 UTC), XMR, ranked 14th by market capitalization, trades at USD 127 and is up by almost 5% in day, trimming its weekly losses to less than 4%. At the same time, other major coins from the top 15 are up less than 3% in a day. XMR accelerated today after a somewhat… Source link

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‘Old hands selling out’ metric shows Bitcoin price at risk of HODLers dumping

Old hands are selling their Bitcoin (BTC) holdings, according to glassnode’s Coin Dormancy metric. As shown below, dormant addresses selling BTC marked previous tops in BTC. Coin Dormancy of Bitcoin. Source: glassnode On-chain analyst Willy Woo said old hands reliably sold the top until the most recent price cycle. He wrote: “Dormancy is a measure of ‘old hands selling out.’ It’s interesting to see old hands reliably sold tops until this present cycle. They sold the #bitcoin bottom at… Source link

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Ethereum can rise to $800 in 2020 if this bull ‘mini-cycle’ repeats

Markets tend to behave in massive cycles. One of those cycles is the previous Bitcoin (BTC) price cycle from 2014 to 2017. However, within those cycles, are multiple smaller cycles that could often repeat. A similar approach and analysis can be made for Ethereum’s Ether (ETH), which is outperforming BTC year-to-date, as the majority of its impulse upward moves have corrected heavily to retest previous resistance levels. When is the best period to buy ETH/USD and what potential levels can be… Source link

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Monero, Ontology, DigiByte Price Analysis: 19 October

The Crypto Fear and Greed Index was noting a figure of 55, at the time of writing, the same reading as the previous day. Monero was retracing recent gains made, but it did show some signs of heading north. Further, while Ontology formed a bearish pattern on the charts, DigiByte looked to be resolutely heading south. Monero [XMR] Source: XMR/USD on TradingView XMR was trading at $122, at press time. As shown by the Fibonacci Retracement tool, this was close to the 38.2% retracement level of the… Source link

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‘Still so early’ — 7% of Americans have bought Bitcoin, study finds

According to new data from Statista, only 7% of Americans have previously used Bitcoin (BTC). This means current investors in BTC are still in an early stage of growth. Dan Tapiero, the co-founder of 10T Holdings, said Bitcoin is still at the “birth” phase of a new asset class. He wrote: “It’s still so early for Bitcoin. Still at the birth of a new global asset class.” In the longer term, Bitcoin has significant growth potential to evolve into an established store of value, like gold…. Source link

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5 Bitcoin price tips this week

Bitcoin (BTC) starts a new week in familiar territory as markets move into the United States’ 2020 elections — where could it go next? Cointelegraph takes a look at five factors that could influence BTC price action in the week ahead. U.S. macro: Elections vs. stimulus The U.S. is the firm focal point when it comes to macro markets this week. The Nov. 3 elections promise to set the mood as it becomes more apparent which side will control the White House.  Analysts have warned that a… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 19th, 2020

Ethereum Ethereum rallied by 2.74% on Sunday. Following on from a 0.8% gain on Saturday, Ethereum ended the week up by 1.12% to $378.58 It was a bullish end to the week. Ethereum rallied from an early morning intraday low $367.31 to a final hour intraday high $378.69. The day-long rally saw Ethereum break through the first major resistance level at $371.51 and the second major resistance level at $374.55. At the time of writing, Ethereum was down by 0.11% to $378.16. A mixed start to the day saw… Source link

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Bitcoin Adoption Soars in Turkey Amid High Inflation, Lira Hitting Record Low

People in Turkey are increasingly turning to bitcoin as the local currency, the Turkish lira, recently hit another record low against the dollar. Bitcoin adoption in Turkey outshines other countries in the region. Turkey Is Regional Leader in Bitcoin Adoption Bitcoin adoption has been increasing in Turkey as the local currency, the Turkish lira, hit another record low Thursday, reportedly touching 7.95 to the dollar…. Source link

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Former patrons can’t drown sorrows as first-ever bar to accept Bitcoin closes

A legendary bar and restaurant in Germany that was reportedly the first to ever accept cryptocurrency as a form of payment has permanently closed. According to an Oct. 18 Reddit post from Joerg Platzer, founder of Room 77, the first brick-and-mortar business to accept Bitcoin (BTC) is no longer accepting customers and has shuttered its doors. In a goodbye message riddled with references to Douglas Adams’ The Hitchhiker’s Guide to the Galaxy, Platzer said “thanks again for all the fish and… Source link

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Litecoin long-term Price Analysis: 18 October

Litecoin, like many altcoins in the market, has seen its price drop on the charts. At press time, a consolidation after the aforementioned drop seemed to be ongoing, following which, LTC may be due for a small pump. Overall, Litecoin’s price was observed to be up for a small pump, one that could turn bullish if it breaks the larger consolidation pattern. Litecoin 1-day chart Source: LTCUSD on TradingView Litecoin’s one-day chart noted a consolidation pattern in the form of a symmetrical… Source link

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