Tag: btcusd

Oct 23 2020

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...

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...

Oct 22 2020

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...

Trail of Destruction: Bitcoin’s $13,000 Rally Liquidated $360m in Short Positions

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

Bitcoin’s price has stabilized at just below $13,000 following its immense surge seen yesterday The cryptocurrency has been flashing continued signs of strength as of late, and its ability to maintain its recent gains is decisively bullish While looking back on the aftermath of yesterday’s move, its magnitude and influence over the market grows clear According to one data platform, a total of...

DeFi Becomes The Most Bullish Crypto Industry Development; Eclipses BTC Halving, CBDC Development – Survey

Oct 22 2020 Published at Coingape under tags  bitcoin halving btcusd cbdc defi news ethusd

2020 has been quite eventful. The cryptocurrency battlefield is getting increasingly crowded and has been witnessing an increasing amount of attention like never before. Despite the economic shockwaves due to the ongoing COVID-19 pandemic, the cryptocurrency industry has emerged as an outperformer. While Bitcoin's impressive rise throughout the year has been one of the most The post DeFi Becomes The Most Bullish Crypto...

Bitcoin Sets New All-Time High In These Global Currencies

Oct 22 2020 Published at Bitcoinist.com under tags  bitcoin brazil btc btcusd btcusdc

Bitcoin price blasted yesterday over $1,000 to a high of $13,200 and has reignited interest in the crypto market once again in a major way. A new 2020 high was set on the BTCUSD pair, but a higher peak over the 2019 top has yet to be reached. Elsewhere in the world, however, the leading cryptocurrency by market cap has just set a...

Tether, And Not PayPal, Boosted Bitcoin [BTC] Price Above $13,000

Oct 22 2020 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

It nearly 24 hours that payments giant PayPal announced the...

Bitcoin Sets New Yearly High After PayPal Adds Crypto: What’s Next?

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

Bitcoin has surged over the past few days amid strong fundamental events. The cryptocurrency currently trades for $12,800, just shy of a new year-to-date high. The coin is up over 8% in the past 24 hours alone, outperforming most altcoins and digital assets. The latest leg higher in the price of Bitcoin seems to be related to news that PayPal is embracing crypto....

Bitcoin Price Prediction: BTC Pieces $13,200, Hitting New Yearly Highs

Bitcoin price paces upwards, trading new 2020 highs above $13,000. BTC/USD bullish outlook has the potential to continue especially without a formidable hurdle ahead. Bitcoin had a smooth sailing in the past few...

Investors are More Interested in Bitcoin Than Stocks: TD Ameritrade

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

A news segment on TD Ameritrade Network portrayed Bitcoin as a better investment than the US stocks. Lead anchor Oliver Renick, at the end of his six-minute-long market wrapup, claimed that investors are more interested in owning Bitcoin than the equities. He said the cryptocurrency has "a lot to go" since it is the only asset that performed bullish on the positive US...

PayPal Didn’t Shoot Bitcoin Above $13,000, Analyst Explains Why

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

On Wednesday, Bitcoin logged a supersonic bull run, hitting $13,000 for the first time in 15 months. The rally started after PayPal announced its foray into the cryptocurrency sector, leading analysts to believe that the $138 billion global payments firm drove the latest Bitcoin adoption....

Here’s why some analysts view PayPal’s crypto news as a “nothingburger”

Oct 22 2020 Published at CryptoSlate under tags  adoption btcusd btcusdt

PayPal made waves in the crypto market today after announcing that its users will now have the ability to buy, sell, and pay for items using digital assets like Bitcoin and Ethereum. Competitors to the platform – like Square and CashApp – have already taken steps to provide their users with this ability, but none have a user base as large as PayPal’s....

Bitcoin Rips Higher To $13,000 on Continued Fiscal Stimulus Excitement

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

Bitcoin has continued to explode higher over the past 24 hours. The coin now trades for $12,750, around 7% higher than it was just 24 hours ago. This latest leg higher in the Bitcoin price can be pinned to two fundamental news events: PayPal adding crypto and more fiscal stimulus coming. Bitcoin Rallies Higher as Stimulus Talks Continue...

Oct 21 2020

Here’s Why This Break Above $12,000 is Different from Past Bitcoin Rallies

Oct 21 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin’s price has seen some significant momentum throughout the past few days The cryptocurrency is currently trading at the highest price it has been at since before the summer rally came to an end This momentum appears to be the result of a confluence of different factors, including growing BTC adoption amongst corporations Just today, PayPal announced that they are planning to rollout...

PayPal Forays into Crypto Market as Bitcoin Price Explodes Past $12,400

Oct 21 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin is now trading at the highest price seen in well over a year, with bulls aiming for $13,000 as its strong uptrend gains momentum Today, news regarding PayPal’s foray into the crypto market provided the benchmark cryptocurrency with a serious boost Its price surged all the way up to highs of nearly $12,500 before meeting some resistance, but it does appear to...

Traders warn about Ethereum and DeFi tokens as momentum dwindles against Bitcoin

Oct 21 2020 Published at CryptoSlate under tags  analysis btcusd ethusd ethusdt

In the past week, the alternative cryptocurrency (altcoin) market has further slumped against Bitcoin. Since achieving a peak in early September, decentralized finance (DeFi) tokens alongside Ethereum have shown a lackluster performance. Since October 8, the price of Bitcoin has increased from $10,600 to $12,311 by 16%. In the same period, Ethereum rose by 12% from $337 to $379....

Nearly 99% Of Bitcoin Ownership Has Been Profitable, Data Reveals

Oct 21 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin is the best-performing mainstream asset in 2020, next to stocks, gold, and anything else. But according to new data, owning the top crypto asset by market cap at any point in nearly 99% of its existence would have resulted in profitability. Here's how high the price of Bitcoin will need to reach before it reaches 100% profitability once again and what that...

PayPal to enable users to buy crypto assets, fueling strong Bitcoin momentum

Oct 21 2020 Published at CryptoSlate under tags  adoption bitcoin btcusd paypal price watch

PayPal, the $236 billion digital payments giant, will allow users to buy and sell crypto assets. The news adds to the strong momentum of Bitcoin (BTC), which has rallied 10% in the last five days....

Financial analyst expects “fireworks” for Bitcoin in 2021 as macro trends align

Oct 21 2020 Published at CryptoSlate under tags  analysis btcusd price watch

Bitcoin has undergone a strong rally over the past few days as buyers have returned to this market. CryptoSlate market data indicates that Bitcoin is currently trading for $12,250, a price just shy of 10 percent higher than it was just a week ago....

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