Bitcoin price rallied more than 5%% and it even broke the $13,000 resistance against the US Dollar. BTC is now correcting gains, but there are key supports near $12,500.

Bitcoin gained bullish momentum and it rallied above the $12,500 and $13,000 resistance levels.
The price traded to a new monthly high at $13,243 and it is well above the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $12,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to resume its upward move as long as it is above $12,650 and $12,500.

Bitcoin Price Rallies Above $13K

Bitcoin price extended its rise and broke many hurdles near the $12,500 level. ... Read more »

Category: News | Views: 40 | Added by: danyagames2007 | Date: 22.10.2020 | Comments (0)

Bitmex said Wednesday that it is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by Nov. 5, 2020 “to continue trading on the platform,” it said.

In a statement, the crypto derivatives exchange stated that “unverified users will not be able to open new positions” after this date. They will also “not be able to withdraw funds from their Bitmex account without completing verification” beginning Dec. 4.

The accelerated verification means Bitmex’s mandatory know-your-customer (KYC) process – first announced Aug. 28, 2020 – will now close three months earlier than originally scheduled. ... Read more »

Category: News | Views: 43 | Added by: 4zvezda | Date: 22.10.2020 | Comments (0)

The long-awaited “flippening” of fiat at PayPal will begin next year, as Bitcoin price action offers almost 5% daily gains.

Bitcoin (BTC) gained almost 5% on Oct. 21 as bullish price action combined with fresh corporate adoption news to boost gains.

Cryptocurrency market daily performance overview from Coin360

PayPal takes BTC price to $12,400

Data from Cointelegraph Markets and Coin360 showed a strong 24 hours for bulls on Wedne ... Read more »

Category: News | Views: 53 | Added by: danyagames2007 | Date: 22.10.2020 | Comments (0)

Shares of Canada’s first publicly listed Bitcoin fund are up 30% since its launch in April.

Canadian digital asset manager 3iQ has recorded a major milestone fo its public Bitcoin (BTC) fund.

The Bitcoin Fund — Canada’s first Bitcoin fund listed on a major stock exchange — has crossed the $100 million market cap threshold, 3iQ announced in an Oct. 20 tweet.

Tyler Winklevoss, a major cryptocurrency investor and a co-founder of United States’ Gemini crypto exchange, congratulated 3iQ on the milestone.

As previously reported, 3iQ launched its Bitcoin fund in April 2020, listing the Bitcoin Fund’s shares (QBTC.U) on the Toronto Stock Exchange. At the launch, the Bitcoin Fund list ... Read more »

Category: News | Views: 54 | Added by: danyagames2007 | Date: 22.10.2020 | Comments (0)

Further gains in Wednesday trading come as mixed reactions flow in over PayPal’s decision to support four cryptocurrencies in 2021.

Bitcoin (BTC) hit highs of $12,865 during trading on Oct. 21 as news that PayPal would support cryptocurrency continued to boost markets.

Cryptocurrency daily market overview. Source: Coin360

BTC price closes in on 2019 highs

Data from Cointelegraph Markets, Coin360 and TradingView confirmed Bitcoin’ ... Read more »

Category: News | Views: 45 | Added by: danyagames2007 | Date: 22.10.2020 | Comments (0)

  
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.

But at least one of them disagreed. In a tweet published earlier Thursday, the pseudonymous analyst claimed that Bitcoin went upwards because of an abundant supply of Tether’s stablecoin, USDT.

“I don’t believe that the recent BTC rise occurred due to the PayPal news,” he said. “It more looks like a “Xi-pump” in October 2019.”

... Read more »

Category: News | Views: 40 | Added by: 4zvezda | Date: 22.10.2020 | Comments (0)

22% of the entire Bitcoin supply was transacted in 24 hours as the price broke through $12,000.

As Bitcoin's price broke through resistance at $12,000, its on-chain transfer volume exceeded 4 million and set a 14-month record high.

Source: Glassnode ... Read more »

Category: News | Views: 43 | Added by: danyagames2007 | Date: 22.10.2020 | Comments (0)

Around 1.8 million Bitcoin has been dormant for over a decade.

A significant amount of Bitcoin's (BTC) total supply has not moved for more than 10 years, according to data from cryptocurrency analytics data provider Glassnode.

During this decade-long interim, 1.8 million Bitcoin (of the current 18.5 million supply) has been locked in dormant Bitcoin addresses. Its cumulative value amounts to more than $23 billion at the time of publication, according to data from Coin360.

... Read more »

Category: News | Views: 49 | Added by: danyagames2007 | Date: 22.10.2020 | Comments (0)

News of PayPal’s support for crypto assets has triggered a rally in the markets, with Bitcoin trading above $13,000 for the first time since July.

Bitcoin (BTC) has rallied above $13,000 for the first time since July, and only the third time since the all-time high bull run of late-2017.

The move follows the long sustained period of five-figure price action, with BTC having spent nearly the entirety of the past 12 weeks trading above $10,000.
 

... Read more »

Category: News | Views: 48 | Added by: danyagames2007 | Date: 22.10.2020 | Comments (0)

Binance boss Changpeng Zhao aired his views on CBDCs adding that Bitcoin could be under threat if a more advanced currency was launched

Changpeng Zhao, the enigmatic chief executive of Binance, believes a central bank digital currency that’s designed well enough could become a threat to Bitcoin. 

In a video interview with Fortune senior writer Jeff Roberts, he was asked how the People’s Bank of China’s digital yuan initiative would affect the crypto industry.

Zhao responded that any blockchain or digital currency would be good for the industry overall as it legitimizes digital assets and broadens awareness. He added that while there is currently a race between major countries to launch one, most ... Read more »

Category: News | Views: 50 | Added by: 4zvezda | Date: 22.10.2020 | Comments (0)

Bitcoin price just secured a new 2020 high and traders expect the price to rise higher for 3 key reasons.
 

On Oct. 21 Bitcoin (BTC) price overtook the $13K mark to reach $13,217 after traders took out key resistance levels at $11,900, $12,000, and $12,500 in the last 48-hours. While there are various technical reasons behind the abrupt upsurge, there are three key factors buoying the rally.

The three catalysts are a favorable technical structure, PayPal enabling cryptocurrency purchases, and Bitcoin's rising dominance rate.

PayPal's crypto announcement adds to BTC's momentum
 

Earlier today, PayPal officially announced that it is allowing users to buy and sell cryptocurrenci ... Read more »

Category: News | Views: 51 | Added by: danyagames2007 | Date: 22.10.2020 | Comments (0)

According to a survey conducted by CryptoPotato, Bitcoin investors are most concerned with whether Donald Trump will win the upcoming 2020 Presidential Elections.

Bitcoin’s price is undeniably affected by many factors. Throughout its nascent history, it has displayed continuous correlation with the performance of gold, although, at times, it’s moving hand-in-hand with the stock market.

The overall macroeconomic landscape has also proven to be a factor for Bitcoin’s price. For example, it saw a 40% decrease in March when the world declared a state of global pandemic induced by the outbreak of the novel coronavirus COVID-19.

The 2020 US Presidential Elections are closing in on November 3rd, and this is no doubt an event that will have an impact on the world’s economy not only for this year but for the next four.

With all of the above in mind, we at CryptoPotato decided to ask our newsletter subscribers & ... Read more »

Category: News | Views: 35 | Added by: 4zvezda | Date: 22.10.2020 | Comments (0)

It’s been quite the past few days for the Bitcoin price. After trading as low as $11,200 last week, the cryptocurrency has rocketed higher. BTC now trades for $12,940 as of this article’s writing, just shy of the $13,000 daily highs it reached just hours ago.

Source of BTC's price action over the past few days. Chart from TradingView.com

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Nea ... Read more »

Category: News | Views: 37 | Added by: danyagames2007 | Date: 22.10.2020 | Comments (0)

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Bitcoin has seen an absurd amount of intraday volatility over the past day amid the best price action in many months. The coin currently trades for $12,900, a few hundred dollars shy of the daily and year-to-date high set just minutes ago at $13,250.

Bitcoin plunged as low as $12,600 on futures platforms during that move lower. That meant from the daily highs, the cryptocurrency retraced $600.

This volatility is expected as the cryptocurrency remains up around 9% in the past 24 hours, or over $1,000. Analysts are taking note of Bitcoin’s recent price action after the news was published that PayPal will be supporting cryptocurrencies in its app and within Venmo.

Related Reading: Here’s W ... Read more »

Category: News | Views: 40 | Added by: danyagames2007 | Date: 22.10.2020 | Comments (0)

The price of Bitcoin is now up nearly 300% since the March crash. Today's big PayPal news has helped.

Bitcoin has gained 275% to its price since the March crash.
Today, Bitcoin jumped by 8% following an embrace from PayPal.
All signs point to a bull run. But this isn't 2017 all over again.

Bitcoin hodlers are having themselves a day, and they have PayPal to thank for it, it seems.

The price of Bitcoin shot up today by 8% following the news that PayPal will add crypto buying and selling features to its payments platform. Bitcoin is now trading solidly above $12,000, a price point that it recently breached last night. Its gained another $300 to its price since this morning and is now trading at its highest price since June 2019.

Bitcoin has only ever held above $12,500 for an extended period of time way back in 2017. That was during the run-up to the ICO-fueled crypto bubble that peaked with Bitcoin reaching nearly $20,00 ... Read more »

Category: News | Views: 17 | Added by: 4zvezda | Date: 22.10.2020 | Comments (0)