Bitcoin apparently did not like all the fanfare over good results in a COVID-19 vaccine trial.

Bitcoin (BTC) fell sharply in price this morning as pharmaceutical company Pfizer, in collaboration with biotech company BioNTech, announced a breakthrough in its COVID-19 vaccine.

Bitcoin fell approximately $1,000, over 6%, between 12:00 pm and 3:00 pm UTC today on the vaccine news, from $15,800 down to a daily low near $14,815, based on TradingView data. Crypto's pioneer asset bounced slightly by the time of publication, sitting near $14,908. 

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Category: News | Views: 22 | Added by: danyagames2007 | Date: 09.11.2020 | Comments (0)

Bitcoin’s second attempt to close above $16,000 hit a wall on Monday as traders assessed the latest progress on a coronavirus vaccine.

The benchmark cryptocurrency fell 0.77 percent, suggesting that its last week’s advance, which took its price to a three-year high, would reverse in the daily sessions ahead. Bitcoin also plunged on technical merits – to neutralize it overbought status on medium- and long-term charts – as traders booked their profits at the recently-established year-to-date high of $15,977.

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Category: News | Views: 23 | Added by: danyagames2007 | Date: 09.11.2020 | Comments (0)

The word “cryptocurrency” is a misnomer because it isn’t a currency, according to Roubini.

Nouriel Roubini, an award-winning economist and known skeptic of Bitcoin (BTC), is confident that central bank digital currencies, or CBDCs, are the future of money.

According to Roubini, global CBDCs like the digital yuan are capable of replacing major financial services and cryptocurrencies in the near future. “They're gonna be crowding out digital payment systems, or in the private sector, starting with cryptocurrencies that are not really currencies,” the economist said in a Nov. 7 interview with Yahoo Finance.

Roubini predicted that a CBDC-powered “revolution” is coming in as soo ... Read more »

Category: News | Views: 23 | Added by: danyagames2007 | Date: 09.11.2020 | Comments (0)

Against a backdrop of macro uncertainty, the past month has seen a stellar run of form for Bitcoin. But the number one cryptocurrency by market cap topped out last Friday at $16k, having gained 45% since the start of last month.

Source: BTCUSDT on TradingView.com

What’s more, with the Bitcoin price tantalizingly close to its $20k all-time high, market momentum is in favor of BTC. The odds are this will soon be met, if not exceeded.

This possibil ... Read more »

Category: News | Views: 19 | Added by: danyagames2007 | Date: 09.11.2020 | Comments (0)

A pause in the Bitcoin price rally has created room for other alternative cryptocurrencies to take over the bull trend. AAVE is leading the pack by logging maximum gains.

The decentralized finance token surged by as much as 128 percent in five consecutive winning sessions, hitting $56.21, a level it last touched three weeks ago. The upside trend followed a 72 percent decline, leading many analysts to say that AAVA is effectively bottoming out.

Bitcoin Influence

The AAVA rally came almost without a concrete fundamental catalyst. The token merely maximized on the Bitcoin’s correction warning. The flagship cryptocurrency almost reached $16,000 last week as demand for safe-havens grew amid the US presidential elect ... Read more »

Category: News | Views: 16 | Added by: danyagames2007 | Date: 09.11.2020 | Comments (0)

From last week’s highs, Bitcoin sustained a heavy correction into Saturday. The cryptocurrency fell from $16,000 to a low of $14,300, marking the first large correction of the recent uptrend.

The cryptocurrency has since bounced back as the markets have turned risk-on once again on news of a seeming Biden presidency. While the Nasdaq futures rallied 2%, Bitcoin has reclaimed $15,000 on a daily basis and now trades at $15,400.

The issue is that some investors don’t think Bitcoin is out of the woods just yet.

Bitcoin Primed to See a Further Correction

Bitcoin could soon move lower as its on-balance volume (OBV) leans bearish. A trader shared the chart below, showing the indicator’s trends over ... Read more »

Category: News | Views: 19 | Added by: danyagames2007 | Date: 09.11.2020 | Comments (0)

Bitcoin has dropped since the highs of $15,975 set in the middle of last week. The price of the leading cryptocurrency currently trades for $15,200 but traded as low as $14,300 on Saturday.

Despite the drop, analysts believe that the cryptocurrency remains on an upward path. They point to longer-term charts that show Bitcoin is still holding key support levels on a medium-term to long-term basis.

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

Bitcoin Remains “Convincing” For Bulls

Bitcoin remains in a bullish position on a longer-term time frame despite the drop from the weekly highs, one trader recently said. The tr ... Read more »

Category: News | Views: 27 | Added by: danyagames2007 | Date: 09.11.2020 | Comments (0)

Chainlink has been flashing signs of immense strength throughout the past few days, rebounding from its recent lows alongside Ethereum and the aggregated DeFi sector.

Most of the cryptocurrencies associated with decentralized finance have posted large gains throughout the past couple of days, primarily coming about following Yearn.finance’s immense surge from its $7,500 lows that sent it as high as $18,000.

LINK is currently breaking above a resistance level that has been holding strong throughout the past couple of months.

If flipped into support, this level could help catapult the cryptocurrency back up to its all-time highs of $20.00.

One analyst is now noting that he is watching for a short-term move ... Read more »

Category: News | Views: 23 | Added by: danyagames2007 | Date: 09.11.2020 | Comments (0)

There were fears that Ethereum 2.0 (ETH2 or Serenity) was going to be delayed once again. Danny Ryan, an Ethereum Foundation researcher, said in a podcast in the middle of October:

“This library is critical to creating keys, signing messages. Critical, in early phases, [means] that if you use this library, they need to be secure; if you use it to generate your wallets, it needs to have good randomness; and if you are signing your deposits which have a signature associated, it needs to be correct. Given how critical this library is, and given that, if there is a fundamental error in this library we could f*ck some sh*t up in terms of genesis deposits, that is the blocker.”

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Category: News | Views: 17 | Added by: danyagames2007 | Date: 09.11.2020 | Comments (0)

Bitcoin price started a fresh increase from the $14,380 swing low against the US Dollar. BTC is back above the 100 hourly SMA, but it must surpass $15,600 for more upsides in the near term.

Bitcoin started a strong upward move after trading as low as $14,380.
The price climbed back above $15,200 and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $15,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to clear the $15,600 resistance as long as it is above the 100 hourly SMA.

Bitcoin Price Holding Gains

After a strong downside correction, bitcoin price found support near the $14,400 level. BTC traded as ... Read more »

Category: News | Views: 23 | Added by: danyagames2007 | Date: 09.11.2020 | Comments (0)