Ethereum Blockchain Killer Goes By Unassuming Name of Polkadot – BloombergQuint

Bloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Customer Support Americas+1 212 318 2000 Europe, Middle East, & Africa+44 20 7330 7500 Asia Pacific+65 6212 1000 Source link

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Calm before the storm? Analyst says $20K Bitcoin possible in 3 months

The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be imminent. Since July 2020, Bitcoin has been ranging between $10,200 and $11,800, a 15% range. It has seen subdued volatility for a prolonged period, except for some short instances of a volatility spike. When Bitcoin stays stable for a long time in a tight price range, a major price… Source link

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Analyst predicts ETH price at $2,000

Bitcoin (BTC) and Ethereum (ETH) fundamentals with an upward trend indicate an imminent price increase. Bitcoin’s mining rewards stand at $20 billion while the network records strong health. Bitcoin Jack analysts predict an Ethereum price of $2000 for Q4 2020 or early 2021. Despite the severe measures that the trading platforms BitMEX and OKEx have faced due to investigations by authorities, the fundamentals of Bitcoin and Ethereum remain strong. Both blockchains are in record moments of… Source link

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Ascending channel Bitcoin price breakout possible despite OKEx scandal

Earlier this week Bitcoin (BTC) price entered a bullish breakout to $11,725 following the previous week’s news that Square purchased $4,709 BTC but since then the price has slumped back into a sideways range.  Several rejections near $11,500 and the recent news of OKEx halting all withdrawals as its CEO ‘cooperates’ with an investigation being carried out by Chinese authorities is also weighing on investor sentiment and Bitcoin price. Cryptocurrency daily market performance snapshot…. Source link

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187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) from exchange-owned cold wallets. In February, Coinbase had 1 million bitcoin… Source link

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Record-high Bakkt Bitcoin delivery exposes institutional frenzy for BTC

Data from Arcane Research shows Bakkt Bitcoin exchange saw another record-high month from Sept. 20 to Oct. 20. This follows a noticeable rise in institutional demand for Bitcoin (BTC) from public companies in recent months. Bitcoin delivery on Bakkt. Source: ICE, Arcane Research Bakkt, the digital asset payment platform and derivatives exchange, is tailored for institutional investors in the U.S. It is operated by Intercontinental Exchange, the parent company of the New York Stock… Source link

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Cardano, Zcash, Monero Price Analysis: 16 October

The recent price dip in Bitcoin post the drop in early October, seemed to be having a significant impact on the prices of altcoins, as the sellers took control of the trading charts. Barring a few, almost the entire crypto market was once again painted in red. Cardano was displaying strong selling sentiment, as it witnessed a bearish breakout below the trendline. Bears in the Monero and Zcash market too were starting to build downward momentum, as prices for both approached key support… Source link

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‘Enormous wall of money’ will send Bitcoin to $1M in 2025 — Raoul Pal

Bitcoin (BTC) hitting $1 million by 2025 is “about right,” Real Vision founder and CEO Raoul Pal has confirmed. In an interview with Stansberry Research last week, Pal, famous for his bullish stance on Bitcoin, said an “enormous wall of money” would flow into the cryptocurrency over the next few years. Pal: Bitcoin in line for “enormous” capital inflows “I think that’s about right, whether it’s five years, six years,” he said when asked about the $1 million… Source link

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Has Bitcoin Finally Met Its Match?

Bitcoin has reigned as the undisputed king of cryptocurrencies since it was created a little over ten years ago. The bitcoin price has soared, with some ups and downs, over the last decade—climbing to around $11,300 per bitcoin today and giving bitcoin a total value of over $200 billion. Now, as the market for stable coins—cryptocurrencies pegged to traditional currencies or assets—has doubled in the last three months, a new report has predicted the largest stable coin, the… Source link

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