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Bitcoin $20,000: Will Joe Biden and Janet Yellen embrace cryptocurrency? | Fortune … Source link

Bitcoin (BTC) traders are pinpointing the order books of major exchanges that show the $19,500 level is a near-term resistance level. Bitcoin rejects $19,500 for now On Nov. 25, Bitcoin price was rejected at $19,500 with a relatively large volume across top spot exchanges. On Binance, for example, BTC price hit $19,484 before seeing a slight pullback to sub-$19,300. BTC/USDT 4-hour chart (Binance). Source: TradingView.com The minor rejection likely occurred because of the stacks of sell orders… Source link

Activity in bitcoin’s options market shows investors are eyeing more gains for the top cryptocurrency, which is now just 2.8% below a record high.  Bitcoin‘s one-month implied volatility, which is influenced by demand for call (bullish) and put (bearish) options, has risen to 81%, the highest level since May, having begun the month at 58%, according to data source Skew. The major part of the move (from 60% to 81%) occurred over the past five days. The three-and six-month implied… Source link

Photographer: Andrey Rudakov/Bloomberg Photographer: Andrey Rudakov/Bloomberg An upcoming upgrade for Ethereum, the most-actively used blockchain in the world, is adding to the mania around cryptocurrencies sparked by the… Source link

CNBC Fast Money trader Brian Kelly sees three potential signs of a price top as Bitcoin (BTC) hits $19,000. Both fundamental and technical factors suggest a pullback could be imminent as the rally becomes overextended. BTC/USDT 1-hour chart (Binance). Source: TradingView.com Kelly named three reasons why a short-term Bitcoin pullback might occur. The reasons were the pump of altcoins, overpriced address growth and high funding rates. On Nov. 25, he said on CNBC: “I’m still a Bitcoin bull…. Source link

In brief In November 2020, PayPal added cryptocurrency buying and selling features. You can buy Ethereum, Bitcoin, Bitcoin Cash and Litecoin on PayPal. You can spend your crypto at PayPal merchants, but can’t transfer it out of PayPal’s digital wallet. In November 2020, PayPal introduced crypto buying and selling features, enabling its 346 million users worldwide (starting with those in the US) to buy and hold Ethereum, Bitcoin, Bitcoin Cash, and Litecoin using its platform. PayPal users in… Source link

November 25, 2020 5 min read This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. This story originally appeared on Alto Nivel By Guillermo Barba The narrative in bitcoin is cyclical, and given its extreme volatility, it is normal: when it plummets from highs, its detractors talk that the most popular of… Source link

The highly anticipated launch of Ethereum 2.0, or Eth2, is scheduled to take place next week. Specifically speaking, Eth2’s proof-of-stake blockchain known as “the beacon chain” has been confirmed to run alongside the Ethereum network starting Dec. 1.  Although some members of the blockchain community remained skeptical about a Dec. 1 launch date for the beacon chain, an impressive 524,288 Ether (ETH) from 16,384 validators has been deposited into the Eth2 contract. As such, there is… Source link

More than 500,000 ETH have been locked and loaded into Ethereum 2.0’s deposit contract, kick-starting the network’s major, multi-year development phase. JPMorgan analysts say institutions are piling into bitcoin. And the IRS has again sent out (possibly erroneous) letters to crypto traders indicating they owe taxes on unrealized gains.  Top shelf Taxman knockethThe Internal Revenue Service (IRS) is again sending mixed messages related to crypto trading and tax reporting obligations…. Source link

What’s behind this current run-up in the price of bitcoin? That’s a question for which many people want a definitive answer. So far, one unifying theory is tough to come by. What we do know is that since mid-October the price of bitcoin shot up from the $11,000 range to the cusp of $19,000. And while prices are a few hundred dollars shy of its all-time high, bitcoin’s market cap recently set a record by breaking above $345 billion; since the mega-rally in 2017, more bitcoin has been… Source link