Market Wrap: With Fed Rate Policy Unchanged, Bitcoin Passes $11K; Ether Options Bet on Price Below $400

Bitcoin’s price continues to move up, with a little help from the U.S. Federal Reserve, while ether traders are hedging in the options market. Bitcoin (BTC) trading around $10,979 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours. Bitcoin’s 24-hour range: $10,662-$11,099 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Sept. 14.Source: TradingView Bitcoin hit as high as $11,099 on exchanges such as… Source link

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Bitcoin price finally breaks $11K as traders assess BTC’s next move

The price of Bitcoin (BTC) broke above $11,000 at last, after 13 days within a tight range. But this time, the market dynamic is different because Ether (ETH) and most decentralized finance tokens are declining.  As Bitcoin rose to as high as $11,024 on Coinbase on Sept. 16, Ether, DeFi tokens and the majority of altcoins stayed stagnant. The contrasting performances between Bitcoin and the rest of the market make the ongoing BTC rally unique. Some traders suggest that profits from Ether and… Source link

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3 reasons Bitcoin price just hit $11,000 despite altcoin stagnance

Within the last hour, the price of Bitcoin (BTC) surpassed $11,000 across major exchanges, including Coinbase and Binance. This comes after nearly two weeks of low volatility as the cryptocurrency market remained stagnant and Bitcoin price was pinned below multiple resistance levels. BTC/USD daily chart. Source: TradingView.com Unlike the previous rallies which saw Ether (ETH) lead the Bitcoin upsurge, only BTC has moved higher whereas other major cryptocurrencies are still in the red…. Source link

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These 10 Bitcoin price indicators say BTC is now a buy or ‘strong buy’

Bitcoin (BTC) is a firm “buy” according to a range of on-chain indicators that are flashing bullish this week. Collected by on-chain monitoring resource CryptoQuant, a total of ten indicators are currently telling investors to enter the market now. CryptoQuant: Bitcoin indicators “healthy” Of the eleven items that form CryptoQuant’s market overview, eight are classified as “buy” and two as “strong buy” for Bitcoin. Only one is “neutral,” while none are… Source link

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Monero presents new legal framework in defense of privacy coins

Monero developers and Perkins Coie present Whitepaper after 18 months of work. Whitepaper concludes that the use of Monero presents less risk to authorities than other payment methods. Former Monero (XMR) lead developer Riccardo Spagni, known in crypto space as ‘Fluffypony’, has presented the result of more than a year’s work. Together with the law firm Perkins Coie and developers from Tari Labs, the whitepaper “Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies”… Source link

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Monero Up On Major Compliance News, Zcash Still Down

Source: Adobe/alswart Exploring an issue that continues to spur controversies in the more traditional circles of global finance, a new white paper by international law firm Perkins Coie claims that regulated financial institutions can ensure compliance with anti-money laundering (AML) obligations when supporting privacy tokens. “This 40-page report is the most comprehensive to-date on compliance and Monero and will greatly assist adoption of XMR!” the team behind the most popular… Source link

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COVID-19 vaccine will spark Bitcoin ‘crash’ — Rich Dad Poor Dad author

Bitcoin (BTC) will “crash” when the world finds a coronavirus vaccine that works, popular author Robert Kiyosaki claims. In a tweet on Sep. 15, Kiyosaki, famous for his book, “Rich Dad Poor Dad,” warned that a functional solution to Covid-19 would send safe-haven assets plummeting. Kiyosaki: vaccine “crash” will be Bitcoin buying opportunity “What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity,” he wrote.  Continuing, Kiyosaki argued that… Source link

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Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 16th, 2020

Litecoin Litecoin fell by 1.59% on Tuesday. Partially reversing a 1.93% gain from Monday, Litecoin ended the day at $48.32. A mixed start to the day saw Litecoin rise to an early morning intraday high $50.33 before hitting reverse. Litecoin broke through the first major resistance level at $50.14 before sliding to a final hour intraday low $48.14. Steering clear of the first major support level at $47.63, Litecoin wrapped up the day at $48.30 levels. At the time of writing, Litecoin was down by… Source link

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Bakkt Bitcoin futures smashes daily volume record by 36%

Bakkt, a regulated platform for crypto asset custody and trading owned by Intercontinental Exchange, has reported record daily trading volumes for its physically-settled Bitcoin (BTC) futures contracts. On September 16, Bakkt announced that more than $200 million worth of BTC contracts had been traded over a single day — breaking its previous record by 36%. According to crypto market data aggregator Skew, the record figure is roughly double the average daily volumes posted throughout… Source link

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Litecoin (LTC) Up $0.18 Over Past 4 Hours, Moves Down For the 2nd Day In A Row; Price Base in Formation Over Past 14 Days

Litecoin 4 Hour Price Update Updated September 17, 2020 07:19 AM GMT (03:19 AM EST) Litecoin is up 0.37% ($0.18) since the previous 4 hours, marking the 2nd consecutive candle an upward move has occurred. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous 4 hours in terms of percentage price change. Litecoin Daily Price Recap Litecoin closed the previous day down 1.18% ($0.57); this denotes the 2nd day in a row a decrease has occurred…. Source link

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