The price of Bitcoin rose 2% in 30 minutes as the election causes massive volatility in the U.S. stock market.

The price of Bitcoin (BTC) rose by 2% in just 30 minutes right as the United States' stock market rang its opening bell on Nov. 3. During pre-market, the Dow Jones surged by over 350 points as the U.S. election day triggered massive volatility.

The four reasons that likely led to a Bitcoin uptrend in such a short period are the election, a stocks upsurge, negative funding and rising exchange outflows.

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Category: News | Views: 43 | Added by: danyagames2007 | Date: 03.11.2020 | Comments (0)

Bitcoin price has remained resilient in the face of plenty of negative news, and not even the uncertainty and anxiety surrounding the pivotal US election can dent the cryptocurrency’s ongoing bullish momentum.

Even with investor emotions running higher than ever today, the leading cryptocurrency by market cap won’t stop climbing and is once again heading toward $14,000 in a fury. Will this time Bitcoin hold above the resistance level?

Election Day 2020: Bitcoin Aims For Yet Another New Yearly High

Bitcoin price just blasted above $13,500 and is now well above $13,750, attempting to break back above $13,800 and make another attempt at holding over $14,000 where a higher high was set just days ago.

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Views: 30 | Added by: danyagames2007 | Date: 03.11.2020 | Comments (0)

Bitcoin’s price has been consolidating below its crucial $13,800 resistance over the past week, but bulls are once again in the process of testing this level
The upcoming election results are widely thought to be a force that could contribute to some BTC volatility
This possibility is vindicated by the massive inflows of high-leverage orders from traders on margin trading platforms
These positions being stopped out or liquidated could help fuel a large move in the near-term
One analyst is noting that a firm break and hold above $13,769 would be incredibly bullish and help lead it to see further upside
Bitcoin is in the process of retesting its key resistance at $13,800, with this level holding strong as a c ... Read more »

Category: News | Views: 25 | Added by: danyagames2007 | Date: 03.11.2020 | Comments (0)

The price of Bitcoin fell by 3% so far this week amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong.

The price of Bitcoin (BTC) has declined by more than 3% in the past two days. The pullback of the dominant cryptocurrency comes amid growing regulatory pressure in China and Hong Kong.

The daily price chart of Bitcoin. Source: TradingView.com

Timeline of exchange FUD in the past month

On Oct. 16, top Bitcoin f ... Read more »

Category: News | Views: 41 | Added by: danyagames2007 | Date: 03.11.2020 | Comments (0)

BTC price action remains relatively stable as the network automatically takes care of higher fees and slower block times.

Bitcoin (BTC) saw its biggest negative difficulty adjustment in almost 10 years on Nov. 3 as the network flawlessly takes care of itself.

Data from monitoring resource BTC.com shows that the Bitcoin difficulty automatically readjusted by 16% on Tuesday.

Difficulty sheds most in nine years

Estimates had previously suggested that the adjustment would be around 13%, but it was the second-highest in Bitcoin’s history. Only in 2011 was there a larger difference — 18%, which also came at the end of October.

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Category: News | Views: 47 | Added by: danyagames2007 | Date: 03.11.2020 | Comments (0)

Jeffrey Gundlach argues that Bitcoin and gold could serve to protect investors from a weakening dollar in the long term.

Bitcoin (BTC) is a recommended hedge against fiat currency inflation along with gold, one of its well-known critics now says.

In an appearance on Rosenberg Research’s webcast series on Nov. 2, Jeffrey Gundlach, CEO of investment management firm DoubleLine, produced rare praise for Bitcoin.

Gundlach tips Bitcoin and gold for fiat protection

Gund ... Read more »

Category: News | Views: 41 | Added by: danyagames2007 | Date: 03.11.2020 | Comments (0)


Ethereum’s decentralized finance (DeFi) space has received a lot of attention in recent months. This sector of the crypto space has seen a rapid uptick in capital involved as the yields and incentives to use these DeFi applications have increased at a dramatic clip. Data shows that the number of DeFi users has literally gone from a few thousand at the start of the year to somewhere close to a few hundred thousand now.

Prominent investors and innovators within and outside of the crypto space are understandably taking notice. So much so that David Marcus, co-founder of Libra and a former PayPal president, began to ask about it on Twitter just recently.

Related Reading: Here’ ... Read more »

Category: News | Views: 41 | Added by: danyagames2007 | Date: 03.11.2020 | Comments (0)

Ethereum’s ether traded below the $388 and $380 support levels against the US Dollar. ETH price is now testing $372 and it remains at a risk of more downsides.

Ethereum extended its decline below the $392 and $388 support levels.
The price is now trading well below $380 and the 100 hourly simple moving average.
There was a break below a major bullish trend line with support near $391 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now testing a crucial breakdown support near the $372-$373 zone.

Ethereum Price is Recovering

After topping near the $404 level, Ethereum started a fresh decline. ETH price broke the $392 and $388 support levels to move into a short-term bearish zo ... Read more »

Category: News | Views: 38 | Added by: danyagames2007 | Date: 03.11.2020 | Comments (0)


Bitcoin has undergone a drop since peaking at $14,100 on Saturday. On Monday morning, the leading cryptocurrency fell as low as $13,200, marking a 6.5% drop from the highs.

Bitcoin has since bounced to $13,700 as of this article’s writing. While the cryptocurrency remains below the $14,000 technical resistance, analysts remain optimistic about the digital asset.

One crypto-asset analyst recently noted that the CME futures’ Bitcoin market is currently printing a bullish chart pattern. Should this pattern play out as it does in textbooks, the asset should move higher in the weeks ahead.

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

Category: News | Views: 28 | Added by: danyagames2007 | Date: 03.11.2020 | Comments (0)

Bitcoin price struggled to settle above the $13,700 resistance and declined below $13,500 against the US Dollar. BTC is likely to retest $13,000 before it could rise again.

Bitcoin started a fresh decline after it faced a strong selling interest near $13,700.
The price is trading below the $13,600 support and the 100 hourly simple moving average.
There was a break below a crucial contracting triangle with support near $13,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is showing bearish signs and it seems like the bears are aiming a test of $13,000

Bitcoin Price is Facing Hurdles

After a failed attempt to clear the $13,800 barrier, bitcoin price declined below the $13, ... Read more »

Category: News | Views: 35 | Added by: danyagames2007 | Date: 03.11.2020 | Comments (0)