Oct 23 2020

Bitcoin Bull Run – What Stands in the Way?

Reading Time: 2 minutesAlmost everyone in the cryptocurrency world is in agreement that, after nearly three years of waiting, Bitcoin is finally...

The Best Place to Short Bitcoin is Above $14K, Analyst Explains Why

Bitcoin bulls will enjoy domination over the market until its price breaches the $14,000-mark, according to Eugene Loza of EXCAVO. The independent market analyst wrote in his note to investors that...

Economist: DeFi prices to trend higher as Bitcoin creates tailwind for beta assets

Oct 23 2020 Published at CryptoSlate under tags  btcusd btcusdt defi

The DeFi sector has been struck hard by the recent market-wide downturn seen throughout the past couple of months. Its descent first began at the start of September after Bitcoin’s price slid from its previously $12,400 highs. Since then, many of the coins residing within this part of the crypto market have posted massive losses, erasing all the gains incurred due to the...

Grayscale Adds $300M in One Day, as AUM Hits New High

Oct 23 2020 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Institutional crypto fund Grayscale has reached a record high in terms of assets under management as institutions fuel the Bitcoin bull run....

22nd October: Bitcoin Slows down, Ethereum Picking up

On Thursday, 22nd October, Bitcoin slowed down its rising pace, having added $243 by 17:00 UTC. BTC/USD was mainly trending sideways during the day. The pair began the day at $12,835 and edged slightly down below the level of the open in the first five hours of the day, forming a local support level at $12,728.

PayPal Starts Acquisition Talks with BitGo, Other Crypto Startups

The payment company will introduce crypto services on its platform in the ‘coming weeks’.

Binance Launchpool Adds DPoS-Based Certik Chain

Oct 23 2020 Published at Coingape under tags  binance defi news

Being one of the world's largest centralized exchanges has not deterred Binance from bringing in the DeFi experience to its users. Adding to its trend of rolling out DeFi-focussed products and services,...

How Bitcoin Breaks $20K: The Answer Lies in Gold-M2 Correlation

Oct 23 2020 Published at Bitcoinist.com under tags  bitcoin btcusd gold m2 money supply

Bitcoin bulls have repeatedly claimed that the cryptocurrency price will hit $20,000 shortly. While many analysts believe it would happen, some disagree. Popular crypto bull Joe007 said earlier this week that Bitcoin would face liquidity problems if it surges towards $20K. He noted that...

5 on-chain trends show Bitcoin fundamentals are “incredibly good”

Oct 23 2020 Published at CryptoSlate under tags  analysis btcusd price watch

Bitcoin is roaring higher after weeks of consolidation in a $1,000 range between $10,000 and $11,000. The leading cryptocurrency currently trades for $13,000, its highest price year-to-date, save for a quick blip above $13,200 on Wednesday. Underpinning this surge higher is a set of on-chain fundamentals and narrative fundamentals that are set to drive the price of the coin even higher in the...

Kraken Daily Market Report for October 22 2020

Oct 23 2020 Published at Kraken Blog under tags  daily market reports | market reports

Overview Total spot trading volume at $326.7 million, remaining almost double the 30-day average of $187.6 million as Bitcoin bobbled around $13,000. Total futures notional ($248.9) was well above its 30-day average of $98.0 million. The most volatile coin of the day was Link, which closed +11% over USD. Synthetix, +10%, was also highly volatile....

Yearn.finance Price Prediction: YFI Yearns For A Bottom, Breakdown Under $10,000 Seems Imminent?

Oct 23 2020 Published at Coingape under tags  altcoin news defi news news price analysis yearn

Yearn finance attempts to build a breakout above the $13,000 support but hits a barrier at the 50 SMA. YFI/USD could resume the breakdown aiming for...

PayPal Looking to Acquire BitGo, Other Crypto Firms – Bloomberg

Oct 23 2020 Published at Altcoin Buzz under tags  bitgo cryptocurrency news paypal

Payments behemoth PayPal, who recently announced a major move into the cryptocurrency space, is considering the acquisition of Bitcoin custodian BitGo, as well as potentially other crypto firms, a Bloomberg report noted. According to the report, PayPal is exploring...

Ethereum Price Forecast: ETH Thrusts Through $400 Resistance as $500 Calls

Oct 23 2020 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum price tops $400 since late September and extends the price action to $420. ETH/USD has a smooth ride to $500 but bulls must be aware of the minor hurdles likely at $440 and $480. The...

Kik Survives Grueling SEC Battle, Kin Token Continues Trading

Oct 23 2020 Published at Crypto Briefing under tags  business

The Kin Foundation has stated that its blockchain project will continue to operate in the aftermath of Kik's year-long battle with the SEC. Kik Reassures Market of Financial Health "In a nutshell, Kik is going to be OK," says the Kin Foundation....

Research Boutique: Bitcoin Chart Is “Echoing” Previous Exponential Surges

Oct 23 2020 Published at Bitcoinist.com under tags  bitcoin price btcusd btcusdt xbtusd

Bitcoin has undergone a strong rally over the past few days, rallying from $11,200 to $13,100. Nautilus Research thinks that Bitcoin's chart is forming patterns and signals last seen prior to previous exponential bull runs. He isn't the only one that thinks that Bitcoin will soon see an exponential rally higher. Others that expect...

PayPal Announces Cryptocurrency Support

On the 21st of October, PayPal announced the release of a new service which will allow users to engage with cryptocurrency. PayPal, in an official statement, says users will be able to hold, buy, and sell cryptocurrency directly from their account. PayPal also plans...

LEVERJ reveals groundbreaking scaling tech, launches perpetual swap futures

Oct 23 2020 Published at BNC insights feed

As Ethereum ‘Layer 2’ discussions heat up, the LEVERJ DEX has unveiled its revolutionary Layer 2 scaling solution ‘Gluon’, is first to market with ETH/USD and BTC/USD perpetual swap futures, and is 1:1 migrating its LEV token to its new Gluon.Network governance token ‘$L2’

This WordPress plugin will allow authors to timestamp content on the Ethereum blockchain

Oct 23 2020 Published at CryptoSlate under tags  adoption technology

Amsterdam-based WordProof announced today it will allow customers to timestamp content on the Ethereum blockchain, it said during the BlockDown Conference 2020 on October 22. Special announcement exclusively on BlockDown 3.0! 🎉https://t.co/xx1EwxpEiQ just announced ETH support! 🎊 Thank...

Oct 22 2020

Following 60% Retracement, VeChain Screams Buy as Technicals Turn Bullish

Oct 22 2020 Published at Crypto Briefing under tags  markets trading

While Bitcoin has already made new yearly highs, VeChain prepares to catch up with the rest of the market. The supply chain management token is presenting several bullish signals across multiple time frames. VeChain Prepares a Comeback VeChain has gone through a significant corrective period...

Bitcoin Creates Strong Tailwind as Traders Rotate Capital into Altcoins

Oct 22 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin’s price has begun consolidating following its immense surge seen throughout the past 48 hours Yesterday afternoon, it rallied as high as $13,200 before it found any strong resistance that forced it lower Unlike the trend seen during fleeting upsurges, Bitcoin did not retrace that far into its recent rally following the rejection at these highs This indicates that bulls are in control...

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