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The price of Bitcoin (BTC) declined by 2% in under an hour in a sharp correction on Nov. 2, catching traders off guard. Coincidentally, the CME Bitcoin futures market opened with a new gap, making $13,100 an area of interest for sellers. Three technicals reasons likely fueled the abrupt decline in the price of Bitcoin: CME gap, major resistance and monthly moving averages (MAs). There are now four CME Bitcoin futures gaps The CME Bitcoin futures market closes during the weekend and on holidays…. Source link

Cuba is apparently seeing an influx of Bitcoin (BTC)-related activity as Bitcoin interest is on the rise in the country. According to data from Google Trends, Cuba now ranks second in terms of Bitcoin interest over the past 30 days. The island nation follows Nigeria, which has remained as the top country searching for Bitcoin on Google since April 2020. The rest of Google’s top five regions searching for Bitcoin comprise the African countries of South Africa, Cameroon and Ghana. Google search… Source link

Bitcoin (BTC) starts a new week and month just dollars away from its highest monthly close in history — what’s in store next? Cointelegraph takes a look at five price factors which may influence BTC/USD as the U.S. goes to the polls and coronavirus sparks new Europe-wide lockdowns. Election day looms for Trump vs. Biden This week contains a geopolitical event which traditionally plays havoc with markets: the U.S. presidential election. Coming at a time when coronavirus angers and restricts… Source link

The 2020 U.S. election has put the country on course for its highest turnout in a century—with campaigns and candidates dominating headlines. The bitcoin price has soared in the run up to the election, adding a massive 30% through October and riding a raft of positive news to hit highs not seen since early 2018. Now, with Democratic challenger Joe Biden finding a solid lead in national polls over incumbent Donald Trump, bitcoin traders and investors are braced as candidates head into… Source link

The Hourly View for LTC Last Updated November 2, 2020, 01:036 GMT Currently, LTC’s price is down $-0.25 (-0.44%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, so that price is now turning below it. The moving… Source link

Zurich-based Gazprombank, a subsidiary of Russia’s third-largest bank, has been approved by Switzerland’s financial regulator to offer a number of cryptocurrency services, including the buying, selling, trading, and custody of bitcoin. Gazprombank Approved to Offer Bitcoin Services Gazprombank (Switzerland) Ltd. announced Thursday that it has received authorization from the Swiss Financial Market Supervisory… Source link

The overall market conditions have finally been able to revive its positive momentum with Bitcoin and Ethereum both performing positive on Sunday’s market session The overall market capitalization stands at $400.28 Bitcoin with an increase of 1.00% over the day The overall volume traded of the market stands at $79.25 Bitcoin resulting in a decrease of -5.00% over the day  The dominance of the crypto king has reached to 63.58% resulting in an increase of… Source link

Bitcoin’s dominance continued to rise at press time, with the same noting a figure of 63.97%. Monero, one of the market’s premier privacy coins, had been moving sideways over the past couple of weeks and could be set to continue to do so over the next week or two. VeChain was trading just above an important level of support, while Augur broke beneath a region of support and could be headed lower on the charts. Monero [XMR] Source: XMR/USDT on TradingView Monero has been trading within the… Source link

Influential investor Raoul Pal says the best trade he’s ever found is bitcoin (BTC-USD), which he’s described as “a call option on the future” and “the world’s most pristine reserve asset.” In a recent interview on Yahoo Finance, Pal said that the central banks move toward digital currencies is “literally the biggest story” in his career. Investors like Pal don’t want to compete against central banks, but aim to create “a digital world,” Pal said, underscoring that despite big… Source link

The monthly candle of Bitcoin (BTC) for October has closed above $13,000 for the first time since December 2017. It comes after both daily and weekly candles all closed above the crucial resistance level. Traders often use the monthly log chart to evaluate the long-term and macro trend of an asset. On a monthly chart, each candle represents a whole month of trading activity. As such, a Bitcoin monthly log chart typically covers many years of trading activity. The monthly chart is considered to… Source link