Bitcoin is currently in the process of retracing following a rejection at highs of $14,100 that were set this past week.

Although bulls had found stability around $13,800 following the rally to these highs, they have not been able to guard against massive inflows of selling pressure that has come about throughout the past few hours.

This selling pressure has been quite significant and may continue mounting if the crypto cannot post a strong defense of the lower-$13,000 region.

One analyst is now noting that November could be the month during which altcoins can regain some of their momentum.

He believes that a confluence of Bitcoin’s declining dominance seen over the past day, coupled with the bulk of most ... Read more »

Category: News | Views: 33 | Added by: danyagames2007 | Date: 02.11.2020 | Comments (0)

Ethereum faced an intense selloff yesterday that erased all of the gains that had come about due to its recent rally up towards $400.

This rally was a sign of strength following a prolonged period of ETH seeing sideways trading while Bitcoin rallied. The break above $400 also held some technical significance, but the rejection here erased all the bullishness signs that had emerged.

There were likely two primary factors behind the strong selloff seen after it broke above $400, including Bitcoin’s rejection at $13,800, as well as a massive influx of ETH onto crypto exchanges that appears to have been promptly sold.

According to one analytics platform, a total of 8,170 Ethereum was moved onto exchanges, with this be ... Read more »

Category: News | Views: 26 | Added by: danyagames2007 | Date: 02.11.2020 | Comments (0)

Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation hit Venezuela already use bitcoin as a store of value as well as for cross border payments.

Plans of Adding Bitcoin-Petro Trading Pairs

The formal incorporation of bitcoin into the national remittances system will likely boost the use of cryptos by Venezuelans. The country already ranks third on the list of countries with the highest cryptocurrency usage in the world.

Meanwhile, th ... Read more »

Category: News | Views: 102 | Added by: danyagames2007 | Date: 02.11.2020 | Comments (0)

But the solution isn't exactly simple.

Boson Protocol, a project that seeks to connect the real world of physical commerce to smart contracts, has announced a successful $350,000 seed round on Monday.

The project is creating the “building blocks for next-gen dCommerce apps” by providing a way to redeem blockchain tokens into their real-world physical counterpart.

The project received an over-subscribed investment round led by Outlier Ventures, joined by Ocean Protocol’s Trent McConaghy and others. The funding will be used primarily for operational costs and building a working pilot, the company said.

Justin Banon, the project’s founder, told Cointelegraph that the purpose of Boson is ... Read more »

Category: News | Views: 33 | Added by: danyagames2007 | Date: 02.11.2020 | Comments (0)

Bitcoin price set a new higher high this weekend at over $14,000 and closed the highest monthly candle since December 2017, leaving just one higher monthly close to beat.

However, before that could happen, the leading cryptocurrency by market cap has been dragged down by pre-election uncertainty, and it could make for a rocky ride in the days ahead.

US Election Week Proves Too Uncertain For Crypto Bulls, Bitcoin Dives 6%

Bitcoin has shocked the world and more specifically, Wall Street, with its enormous year-to-date returns in the face of an economic disaster.

The leading cryptocurrency by market cap over the weekend on Halloween had a treat for investors: set a new higher high for the first time since 2017.< ... Read more »

Category: News | Views: 36 | Added by: danyagames2007 | Date: 02.11.2020 | Comments (0)

Cubans are interested in Bitcoin as other major digital payment options like PayPal are unavailable.

Cuba is apparently seeing an influx of Bitcoin (BTC)-related activity as Bitcoin interest is on the rise in the country.

According to data from Google Trends, Cuba now ranks second in terms of Bitcoin interest over the past 30 days. The island nation follows Nigeria, which has remained as the top country searching for Bitcoin on Google since April 2020.

The rest of Google’s top five regions searching for Bitcoin comprise the African countries of South Africa, Cameroon and Ghana.

... Read more »

Category: News | Views: 38 | Added by: danyagames2007 | Date: 02.11.2020 | Comments (0)

The price of Bitcoin declined by 2% in under an hour in a sharp correction on Monday, catching traders off guard likely due to three major technical factors.

The price of Bitcoin (BTC) declined by 2% in under an hour in a sharp correction on Nov. 2, catching traders off guard. Coincidentally, the CME Bitcoin futures market opened with a new gap, making $13,100 an area of interest for sellers.

Three technicals reasons likely fueled the abrupt decline in the price of Bitcoin: CME gap, major resistance and monthly moving averages (MAs).

There are now four CME Bitcoin futures gaps

The CME Bitcoin futures market closes during the weekend and on holidays. This means that if BTC sees a large price movement during th ... Read more »

Category: News | Views: 57 | Added by: danyagames2007 | Date: 02.11.2020 | Comments (0)

Bitrue, the crypto investment platform that made its name as a leading XRP bourse, is continuing its reinvention as a hybrid exchange that combines CeFi with DeFi. In 2020, Bitrue’s executives have made no secret about their desire to incorporate the best elements of decentralized finance into their centralized exchange.

On November 2, the platform’s yield farming and mining service went live, giving users a means of earning a passive return on their staked assets. Yield farming was the wildly popular use case for DeFi that dominated the summer, promising to supply new tokens to users who locked them into decentralized protocols. Bitrue has taken that model and applied it to a centralized platform, giving its users exposur ... Read more »

Category: News | Views: 30 | Added by: danyagames2007 | Date: 02.11.2020 | Comments (0)


Bitcoin prices slid Monday ahead of an election that will shape its bias for the rest of the year.

The benchmark cryptocurrency plunged 2.7 percent following its best month in more than a year. Futures tied to the BTC/USD pair also inched lower by 1.27 percent, pointing to a declining institutional interest in the cryptocurrency after it ventured into overbought territory last week.

The Bitcoin CME Futures’ daily Relative Strength Index was 76.5 on October 27. Technically, that amounted to a counteracting bearish correction below 70 – a borderline level that separates the asset from ‘overbought’ to ‘neutral.’

And that happened after Bitcoin breached above $14,000. The level se ... Read more »

Category: News | Views: 29 | Added by: danyagames2007 | Date: 02.11.2020 | Comments (0)


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Bitcoin price traded above the $14,000 resistance before correcting lower against the US Dollar. BTC is currently consolidating gains and it must stay above the 100 hourly SMA for a fresh increase.

Bitcoin started a downside correction after forming a high near the $14,080 level.
The price is trading above the $13,600 support and the 100 hourly simple moving average.
There is a major bullish trend line forming with support near $13,580 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair must stay above $13,550 and the100 hourly simple moving average to continue higher.

Bitcoin Price Holding Gains

This past week, there was a steady rise in bitcoin pri ... Read more »

Category: News | Views: 41 | Added by: danyagames2007 | Date: 02.11.2020 | Comments (0)