Nov 29 2020

Bitcoin returns to $18,000 as investors are mixed over what’s next for the bull run

Nov 29 2020 Published at CryptoSlate under tags  analysis btcusd price watch

Bitcoin is finally showing some strength after a brutal correction to $16,200 earlier this week. The leading cryptocurrency has bounced to $18,000 as of this article's writing, around 11 percent above the local lows....

Crypto Long & Short: How Bitcoin Development Is Evolving – and What’s Behind It

Bitcoin price spikes grab headlines, but the asset's long-term value depends on its developers – and what drives them.

Here’s the Bitcoin Price that “All the Key Levels” are Currently Pointing To

Nov 29 2020 Published at under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin and the aggregated cryptocurrency market are currently pushing higher, with bulls moving to erase all of the losses that came about as a result of the recent selloff The selling pressure seen around its all-time highs in the mid-$19,000 region was unsurprising, but it may not hold strong during the next test of this level Traders believe that today’s rebound may not...

Barrons says “Big Money” is driving the Bitcoin rally

Nov 29 2020 Published at CryptoSlate under tags  analysis btcusd price watch

The price of Bitcoin (BTC) is hovering above $18,000 following a massive short-term correction to $16,200. Barrons reported that "Big Money" is driving BTC and as such, it could potentially move higher. In recent months, the Bitcoin market has seen an influx of institutional capital. Various on-chain metrics, exchange...

Ethereum’s Rebound is “Getting Tired” as Analyst Eyes Move to $520

Nov 29 2020 Published at under tags  altcoin price ethbtc ethusd ethusdt

Ethereum has been climbing higher today alongside Bitcoin and the rest of the crypto market The strength seen as of late comes as Bitcoin puts some serious distance between its recent lows and its current price levels This indicates that bulls are in full control and are looking to form a “V-shaped” recovery that could allow for significantly further upside in the days...

Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say

A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”

Bitcoin’s Drop Has Done Little in Shaking Its Bullish Momentum

Nov 29 2020 Published at CoinStats Blog under tags  articles bitcoin btcusd cryptocurrency

Bitcoin has a crucial task ahead to determine whether its record-setting bull run in 2020 is a repeat of 2017's pump-and-dump scenario or its first step towards a long-term ascent. In the last seven days, the benchmark cryptocurrency signaled the former. Its price took a beating, falling more than 30 percent from its yearly high... The post Bitcoin's Drop Has Done Little in...

Elrond To Support Bitcoin and ERC20 DeFi Tokens

Internet-scale interoperable blockchain platform Elrond has disclosed plans to support Bitcoin and other crypto assets. This is made possible because of the new strategic partnership between Elrond and Poly Network. The blockchain is known for its work on ensuring interoperability at "Internet Scale." The internet as we know it today is an enormous compilation of connected computers or nodes across different types of...

Editorial: Why the 2020 Bitcoin Bull Run Ain’t Over Yet?

Nov 29 2020 Published at Coingape under tags  bitcoin bitcoin adoption btc btcbrl btcbusd

Bitcoin experienced a $3,000 price crash as it was inching close to its 2017 price high, the price fell from $19,800 to below %16,500. Currently, bitcoin is consolidating around $17,000 and is expected to bounce back and go past its all time high. However, despite the price crash, the bitcoin community is quite bullish as The post Editorial: Why the 2020 Bitcoin Bull...

Bitcoin Claims Crucial Level, But Break Below It Could Lead to $16,000

Nov 29 2020 Published at under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has been caught within a strong uptrend in the time following its recent selloff, with bulls largely absorbing the inflows of selling pressure After reeling down to lows of $16,400, the cryptocurrency faced a massive rebound that has now led it past $18,000 Its present momentum is showing few signs of slowing down, and there’s a strong possibility that further upside is...

Spurring Smart Contract Ecosystem Development – Ontology and Polkadot

Ontology recently announced its new partnership with the Polkadot Ecosystem Project, a sharded blockchain that easily links multiple chains together into one network. Polkadot Ecosystem is partnering with Ontology, an open-source blockchain that focuses on digital data and identity. With this partnership, Ontology will contribute to the underlying infrastructure of Patract Labs, which develops solutions for the Polkadot Parachain Contract...

Bitcoin Price Analysis: BTC Facing Huge Resistance Following Recovery, Will $18K Hold?

Nov 29 2020 Published at CryptoPotato

Bitcoin bulls have successfully regained the $18,000 level today after breaking bullish from a pennant pattern formed yesterday - Saturday, November 28. Over the course of this weekend so far, $30 billion has returned to the global crypto market, which now stands at $540 billion. This has allowed the leading cryptocurrency to recover $1,900 of […]

ETH 2.0 Is Around the Corner: Get To Know More

Crypto and blockchain services Messari and Bison Trails are offering to take a look at one of the most ambitious projects in the crypto-verse: the upgrade of the Ethereum ecosystem. According to a recent tweet on Messari's Twitter account, the two companies are planning to unveil the latest report on ETH 2.0 soon. Called...

Avalanche Introduces Its First Cross-Chain Ethereum Bridge

Avalanche recently announced its first cross-chain Ethereum bridge, which is coined the "Avalanche-Ethereum Bridge." The Avalanche cross-chain Ethereum bridge was built through the Avalanche-X grants program and is being developed by ChainSafe. The Avalanche-Ethereum Bridge is currently in its final testing...

Safe Haven (SHA) Is Offering Users New Solutions

Safe Haven, the digital inheritance provider, is one of the more interesting projects on the market. The company has been continuously expanding and bringing new solutions to its users. Now it is getting ready to celebrate its third anniversary. According to a series of tweets on the official Twitter account for Safe Haven, the...

Wall Street Giant Guggenheim Fund Seeks SEC Approval to Buy Bitcoin Worth up to $500 Million

Nov 29 2020 Published at CryptoPotato

US-based financial services giant Guggenheim Partners has filed with the SEC, seeking approval to invest up to $500 million in Bitcoin through Grayscale.

How Bitcoin Gets to $100,000

Nov 29 2020 Published at CoinDesk under tags  bitcoin hong fang people podcasts the breakdown

Another look at the bitcoin valuation models that could possibly lead to a six-figure bitcoin valuation over the course of the next year.

PayPal Screws Up Its Cryptocurrency Service, Causing a Price Plunge

Nov 29 2020 Published at CoinIdol under tags  news

Recently, the payment merchant PayPal entered the cryptocurrency industry by having launched a buy and sell services. This event caused a drastic bull run of most major cryptocurrencies. However, soon enough the service faced serious problems with one of the users, causing most coins to collapse.

Tezos Fluctuates Between Levels $1.95 and $2.50 After Rejection at $3.0 High

Nov 29 2020 Published at CoinIdol under tags  news

Tezos is still trading in a sideways move since September. The altcoin is fluctuating between levels of $1.95 and $2.50.

Top 5 Performing Cryptocurrencies of the Week -(Week 18)

The cryptocurrency market is witnessing a roller-coaster ride. The major cryptocurrencies like Bitcoin, Ethereum, and Ripple are displaying great performance but some of the altcoins are also displaying crazy progress. [caption id="attachment_80802" align="aligncenter" width="1470"]...

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