Mohit Sorout says Bitcoin could rise to a new all-time high in three months when it breaks out of the existing range.

The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be imminent.

Since July 2020, Bitcoin has been ranging between $10,200 and $11,800, a 15% range. It has seen subdued volatility for a prolonged period, except for some short instances of a volatility spike.

When Bitcoin stays stable for a long time in a tight price range, a major price movement typically occurs. 

Whether a breakout would occur in the near term or not remains an unce ... Read more »

Category: News | Views: 54 | Added by: 4zvezda | Date: 17.10.2020 | Comments (0)

No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency.

“Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what the Holy Bible tells us. Translated to English, this Latin phrase means “let light be made.”

For Christians, who much of the global population, these words mark the beginning of time and everything else. Eventually, there came a time when audacious, power-hungry, control-freak governments took the word “fiat” (literally meaning “it shall be” or “let it be done”) and used it to disguise one of the biggest sh ... Read more »

Category: News | Views: 49 | Added by: 4zvezda | Date: 17.10.2020 | Comments (0)


Bitcoin.com Exchange Announces Public Sale of the Atari Token on October 29, 2020


Price per Atari Token: $0.25
IEO platform has been enabled for prospective purchasers to pass KYC before public sale

NEW YORK/ PARIS – October 16, 2020 – Bitcoin.com Exchange, one of the leading authorities in cryptocurrency exchanges announces the details of the upcoming public sale of the Atari Token (ATRI).

Atari is evolving and envisioning a new mission to conquer the crypto space by creating a token to power the videogame industry, enabling access to as many platforms and users as possible via atarichain.com, the Atari wallet and more generally the creation of a blockchain-based ecosystem around the ... Read more »

Category: News | Views: 55 | Added by: 4zvezda | Date: 17.10.2020 | Comments (0)

Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiting at current bitcoin exchange rates.

The price of bitcoin (BTC) is hovering just above the $11K region and during the last few days, the network’s hashrate has touched a new ATH. At the time of writing, BTC’s hashrate is fluctuating between 130 to 140 exahash per second (EH/s), and on Wednesday evening (ET) the metric surpassed 166 EH/s.

Interestingly, the rise has continued despite the fact that BTC’s network difficulty has also r ... Read more »

Category: Analytics | Views: 35 | Added by: 4zvezda | Date: 17.10.2020 | Comments (0)

Bakkt recorded an all-time high Bitcoin delivery in October, demonstrating a clear spike in institutional demand for BTC.

Data from Arcane Research shows Bakkt Bitcoin exchange saw another record-high month from Sept. 20 to Oct. 20. This follows a noticeable rise in institutional demand for Bitcoin (BTC) from public companies in recent months.

Bitcoin delivery on Bakkt. Source: ICE, Arcane Research

Bakkt, the digital asset payment platform and derivat ... Read more »

Category: News | Views: 47 | Added by: danyagames2007 | Date: 17.10.2020 | Comments (0)

Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) from exchange-owned cold wallets.

In February, Coinbase had 1 million bitcoin under management and today reserves are down over 9% as 92,000 bitcoin ($1B) has left the exchange. Today, according to Bituniverse’s online exchange balance rank tracker, the San Francisco trading platform has 908,560 BTC under management.

36,000 BTC ($408M) left Coinbase since news.Bitcoi ... Read more »

Category: Analytics | Views: 54 | Added by: 4zvezda | Date: 17.10.2020 | Comments (0)

Bitcoin price lost the bullish energy that took the price to $11.7K earlier this week but the current range may offer opportunities to swing traders.

Earlier this week Bitcoin (BTC) price entered a bullish breakout to $11,725 following the previous week’s news that Square purchased $4,709 BTC but since then the price has slumped back into a sideways range. 

Several rejections near $11,500 and the recent news of OKEx halting all withdrawals as its CEO ‘cooperates’ with an investigation being carried out by Chinese authorities is also weighing on investor sentiment and Bitcoin price.

... Read more »

Category: News | Views: 44 | Added by: danyagames2007 | Date: 17.10.2020 | Comments (0)