The price of Bitcoin surpassed $14,700 on Nov. 5 as the steep uptrend coincides with several familiar metrics and on-chain data points seen in 2017.

From November to December in 2017, the price of Bitcoin (BTC) experienced a parabolic uptrend to a new all-time high at $20,000.

There are three reasons Bitcoin might see a similar trend in the upcoming months. First, the post-halving cycle is coming into effect. Second, the relative strength index (RSI) shows room for a bigger rally. Third, the rally is not overheated, at least in the derivatives market.

Long-term RSI shows Bitcoin not overbought

PlanB, the creator of the Stock to Flow (S2F) indicator, shared a long-term RSI chart of Bitcoin. The indicator, whic ... Read more »

Category: News | Views: 56 | Added by: danyagames2007 | Date: 05.11.2020 | Comments (0)

Bitcoin has never been worth so many rubles.

Amid the ongoing rally in cryptocurrency markets, Bitcoin (BTC) has secured another milestone by hitting a new all-time high against Russia’s national currency, the ruble.

According to data from major crypto tracking website CoinGecko, Bitcoin has broken another historic high against the ruble, crossing its previous ATH of around 1,157,000 rubles. According to the CoinGecko, Bitcoin was worth over 1,160,000 as of 16:00 UTC

... Read more »

Category: News | Views: 51 | Added by: danyagames2007 | Date: 05.11.2020 | Comments (0)

Bitcoin price hits $15,300 and keeps climbing as a trading frenzy reminiscent of 2017 begins to unfold.

Bitcoin (BTC) hit $15,000 on Nov. 5 as excitement over the U.S. election spilled over from macro markets. 

Data from Cointelegraph Markets and TradingView showed BTC/USD tackle the $15,000 barrier repeatedly throughout the day, finally breaking it to post press-time highs of $15,200.

BTC price climbs $1,000 in a day

The move seals a hectic day for Bitcoin, which just 24 hours ago traded below $14,000. The last time that BTC/USD saw $15,000 was in early January 2018.

... Read more »

Category: News | Views: 62 | Added by: danyagames2007 | Date: 05.11.2020 | Comments (0)

At what point will greening crypto energy consumption be enough?

En+ Group, the world’s top producer of low-carbon aluminum and the largest private-sector generator of hydropower, has entered its first crypto mining joint venture.

The new venture, called Bit+, will focus on creating facilities that support crypto mining with a low carbon footprint. En+ Group’s partner in Bit+ is the Russian company BitRiver, which provides hosting services and turnkey solutions for large-scale, institutional crypto mining operations.

BitRiver currently operates the largest data center offering colocation services for Bitcoin (BTC) mining in the Russian Federation and offers similar services across the country and to CIS nei ... Read more »

Category: News | Views: 62 | Added by: danyagames2007 | Date: 05.11.2020 | Comments (0)

Once a popular exchange, Cobinhood is phasing out more services.

Taiwan-based cryptocurrency exchange Cobinhood is making significant adjustments to its customer service practices in 2021.

According to an official announcement on Nov. 1, Cobinhood will change its customer service policy to get rid of real-time interactions with clients.

Starting Jan. 1, 2021, Cobinhood’s customer support will only communicate with clients through email. “During the whole process, no service specialist will be engaged for real-time conversation and everything will be done by email,” the announcement notes.

As part of the upcoming customer service change, Cobinhood will also prohibit its customers from changing ... Read more »

Category: News | Views: 67 | Added by: danyagames2007 | Date: 05.11.2020 | Comments (0)

The decentralized finance (DeFi) space has seen an extreme correction over the past few days and weeks in spite of a Bitcoin rally. The leading cryptocurrencies pertaining to this space are now down by over 70% from their all-time high (on average) while BTC has gained 30% in the past two weeks.

For one, (YFI), a top DeFi coin, has dropped by around 20% from its all-time high. YFI peaked at $44,000 some two months ago as buyers flooded in en-masse, though the correction that followed was severe as early investors sold off. For one, one of the DeFi’s coins most ardent supporters liquidated his entire stash of coins, on-chain data shows.

Related Reading: Here’s Why Et ... Read more »

Category: News | Views: 50 | Added by: danyagames2007 | Date: 05.11.2020 | Comments (0)

Bitcoin adoption metrics are reaching all-time highs, and the crypto asset’s price has been on a steady ascent higher since PayPal announced it would be supporting cryptocurrencies.

But according to the company’s CEO, their support will “fundamentally bolster” the “utility” of cryptocurrencies by making them more accessible to the mainstream masses. Here’s how the payments giant’s support of crypto could boost the Bitcoin bull run and help usher in a new era of cryptocurrency adoption.

PayPal To Bring “Fundamental Transformation” To Crypto Utility

Policies and company ethos change from CEO to CEO, and that’s exactly what happened with payments g ... Read more »

Category: News | Views: 50 | Added by: danyagames2007 | Date: 05.11.2020 | Comments (0)

Bitcoin surged Wednesday towards its best level in the last three years, led by the prospects of Joe Biden winning the ongoing US presidential election.

The Democratic contender won the critical swing state of Wisconsin in the afternoon hours of the US trading session. His lead became critically important after Donald Trump logged a narrow win in other battleground states, including Texas, Florida, and Ohio.

So far, the outcome remained uncertain as other crucial states like Georgia, Michigan, and Pennsylvania continued to count votes. The latest readings showed that Mr. Biden is leading Mr. Trump by 248-211. They need at least 270 electoral votes to win the US presidency.

Biden, Bullish, Bitcoin

Meanwhile, B ... Read more »

Category: News | Views: 58 | Added by: danyagames2007 | Date: 05.11.2020 | Comments (0)

Bitcoin has seen a rapid rally over the past few weeks after falling as low as $9,800. Bulls rapidly bid that bottom as the market printed sub-five digit prices for the first time in many weeks.

The cryptocurrency now trades at $14,300, even in the face of bearish news events such as OKEx shutting down withdrawals and the $200 million hack of the crypto exchange Kucoin.

Mike Novogratz, CEO of Galaxy Digital and a former Goldman Sachs partner, is now convinced that Bitcoin is in a bull market. Of note, he called the bull market many months earlier when governments around the world began to inject trillions into the economy.

Rela ... Read more »

Category: News | Views: 76 | Added by: danyagames2007 | Date: 05.11.2020 | Comments (0)

A bitcoin hodler has won a U.S. Senate seat. Cynthia Lummis is a bitcoin owner who bought her first bitcoin in 2013 because she believes in the economic power of scarcity and the potential for bitcoin to address some of the manipulations in the financial system.

Bitcoiner Wins Senate Election

Republican candidate Cynthia Lummis has been running to fill the seat of Senator Mike Enzi (R). Lummis, who served as a Wyoming conservative Republican in the U.S. House of Representatives for eight years, will become the first woman to represent Wyoming in the U.S. Senate. With the endorsement of President Donald Trump, she has been running against her Democratic opponent Merav Ben-David.

While election results ... Read more »

Category: News | Views: 64 | Added by: 4zvezda | Date: 05.11.2020 | Comments (0)

Bitcoin price is rising steadily and it even broke the $14,000 resistance against the US Dollar. BTC is showing positive signs and it seems like US election results might trigger swing moves.

Bitcoin remained in a positive zone and it climbed above the $14,000 resistance zone.
The price traded to a new 2020 high at $14,338 and it is well above the 100 hourly simple moving average.
There is likely a rising channel forming with support near $13,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could correct a few points, but the bulls are likely to eye a break towards $14,500 or even $15,000.

Bitcoin Price is Gaining Momentum

After a successful close above the $13,800 resis ... Read more »

Category: News | Views: 51 | Added by: danyagames2007 | Date: 05.11.2020 | Comments (0)