Ripple’s latest Q3 2020 report shows the firm made On-Demand Liquidity (ODL) sales of $81 million this quarter. By contrast, the previous quarter had ODL sales of $33 million.

In addition, the Average Daily Volume (ADV) also showed a marked increase. This quarter’s ADV is up 106% to $404 million dollars, leading to a total XRP volume in Q3 2020 of $37 billion.

Source: ripple.com

The solid quarterly performance is met with a new activity in ... Read more »

Category: News | Views: 43 | Added by: danyagames2007 | Date: 06.11.2020 | Comments (0)

Ethereum’s price action has been incredibly strong throughout the past day, with bulls posting a sharp overnight upswing that helped end its severe underperformance of BTC seen throughout the past few weeks.

ETH’s upswing today also rekindled life into many altcoins that had previously been bleeding out, with the DeFi sector, in particular, seeing immense strength as a result of today’s ETH rally.

That being said, the cryptocurrency still is trading below a key resistance level that bulls have been struggling to surmount.

If this level continues holding strong, it could spark a strong selloff that puts a firm end to the cryptocurrency’s recent upswing.

One trader is now pointing to a few ... Read more »

Category: News | Views: 37 | Added by: danyagames2007 | Date: 06.11.2020 | Comments (0)

Bitcoin price reached a new 2020 high at $15,950, leading analysts to predict a continued rally to $17,000.

In the last 24 hours, the price of Bitcoin (BTC) rose by more than 10%, breaching the $15,000 handle for the first time since January 2018, and reaching a new 2020 high at $15,950. 

Data from Cointelegraph Markets shows the BTC/USD pair briefly rose to $15,950 before retracing to $15,500. According to crypto analytics platform Messari, Bitcoin has now spent more than 20 days above the $15,000 barrier and 19 days above $15,109. This represents roughly 0.4% of the crypto asset’s life since it was created in 2009.

... Read more »

Category: News | Views: 31 | Added by: danyagames2007 | Date: 06.11.2020 | Comments (0)

Litecoin price is gaining momentum above $60.00 against the US Dollar. LTC is likely to continue higher (similar to bitcoin) towards $70.00 or $75.00 in the near term.

  • Litecoin started a strong rally above the $55.50 and $58.00 resistance levels against the US Dollar.
  • The price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours).
  • There was a break above a major bearish trend line with resistance near $54.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken).
  • The bulls seem to be aiming a larger rally towards the $70.00 resistance zone.

Litecoin Price is Gaining Bullish Momentum

This week, bitcoin price started a st ... Read more »

Category: News | Views: 45 | Added by: danyagames2007 | Date: 06.11.2020 | Comments (0)


Bitcoin has seen a strong surge over the past three weeks, moving from $11,200 to a high of $15,300. That is a 36.5% gain in the span of twenty days, making it the best-performing asset over that time frame.

While some are expecting a retracement from here, on-chain data shows that the market can sustainably move higher. This counteracts the strong sentiment shared by some commentators that Bitcoin is clearly overextended to the upside.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Bitcoin Could Soon Move Even Higher, On-Chain Trends Suggest

Bitcoin’s rapid move to the upside has left many wondering if large invest ... Read more »

Category: News | Views: 35 | Added by: danyagames2007 | Date: 06.11.2020 | Comments (0)

UniSwap’s native token UNI showed signs of bottoming out as its price rebounded by almost 56 percent in the previous 24 hours of trading.

The UNI/USD exchange rate surged from near $1.75 to as high as $2.74 in the said period. Nevertheless, the pair failed to hold the top for long amid growing profit-taking sentiment among traders. As a result, it corrected lower by more than 6 percent during the early Friday trading session in London.

UNI’s sharp retracement rally appeared alongside a similar bullish move in the Bitcoin market. On Thursday, the flagship cryptocurrency surged by more than 10 percent to [almost] hit $16,000, a level it last touched in January 2018 when it was correcting lower from its all-time high ... Read more »

Category: News | Views: 38 | Added by: danyagames2007 | Date: 06.11.2020 | Comments (0)

Jerome Powell says Congress should agree further fiscal stimulus as U.S. public debt tops $27.2 trillion.

The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing.

In a tweet on Nov. 6, Tyler Winklevoss, co-founder of crypto exchange Gemini, said that Powell’s latest speech this week was “code for buy Bitcoin.”

Powell: Congress should agree to more stimulus

Powell was addressing a news conference, which followed the Fed’s Nov. 5 meeting on the state of the economy and future measures.

As before, he reiterated that the central bank had not exhausted its range of tools for supporting the economy. These h ... Read more »

Category: News | Views: 40 | Added by: danyagames2007 | Date: 06.11.2020 | Comments (0)

Doubleline Capital’s CEO, the billionaire “bond king” Jeffrey Gundlach, has predicted that the stock market is going to “crack pretty hard.” While he is bearish on the stock market and long-term bonds, Gundlach says bitcoin and gold are good for hedging against inflation.

Jeffrey Gundlach Discusses Stock Market Outlook, Gold and Bitcoin

Billionaire fund manager Jeffrey Gundlach talked about bitcoin on the Rosenberg Research webinar earlier this week. He discussed the outcome of the U.S. presidential election and his investment strategies with economist David Rosenberg, Yahoo Finance correspondent Julia La Roche reported.

The CEO of Doubleline Capita ... Read more »

Category: News | Views: 40 | Added by: 4zvezda | Date: 06.11.2020 | Comments (0)

Bitcoin’s new highs come amid lots of new money pouring in via stablecoins.


According to Tether’s official transparency data, the USDT market cap crossed a $17 billion mark for the first time, hitting over $17 billion in total assets.

Tether’s market cap has been growing exponentially in 2020. As of mid-September, Tether’s market cap had seen nearly a four-fold increase since the beginning of the year, surging above $15 billion from around $4 billion.

According to data from crypto analytics firm Messari, USDT saw a notable increase from August 2020 to date. As such, USDT added more than $5 billion in market cap over the past three months.

Tether (USDT), the largest stablecoin in t ... Read more »

Category: News | Views: 41 | Added by: danyagames2007 | Date: 06.11.2020 | Comments (0)

Binance’s DeFi Composite Index has been hit hard by the abrupt drop of the DeFi sector, down around 60% since early September.

Bitcoin (BTC) resurgence is continuing to sap capital from the altcoin markets as other cryptocurrencies are struggling to catch up to BTC.

DeFi struggles as Bitcoin shines

The DeFi Composite Index, first launched by Binance Futures in late August, is seeing its second month of strain, trading down from its all-time highs of close to $1,200 to under $400, a decline of roughly 60%.

In fact, most DeFi tokens have erased 70% to 90% of their gains since early September, as Binance’s Nov. 5 report notes. In early October, Cointelegraph reported on the index’s already star ... Read more »

Category: News | Views: 41 | Added by: danyagames2007 | Date: 06.11.2020 | Comments (0)

Bitcoin has powered to its highest price since early 2018 as the buying frenzy continues.

Bitcoin has just powered up to its highest price since January 8, 2018, knocking on the door of $16,000 as FOMO grips the markets once again.

In a move upwards that has added more than 12% over the past 24 hours, Bitcoin prices touched their highest levels for 33 months reaching $15,980 during early trading in Asia today, November 6, according to Tradingview.com.

The $16K level may form resistance since there were two weekly closes at $16,100 in early January 2018 so if this week’s candle can hold on to these levels, there could be a push higher towards that elusive all-time high. Chart patterns are currently reminiscent of ... Read more »

Category: News | Views: 40 | Added by: danyagames2007 | Date: 06.11.2020 | Comments (0)