Bitcoin faces this final resistance zone before $20K all-time high

Bitcoin (BTC) traders are pinpointing the order books of major exchanges that show the $19,500 level is a near-term resistance level.

Bitcoin rejects $19,500 for now

On Nov. 25, Bitcoin price was rejected at $19,500 with a relatively large volume across top spot exchanges. On Binance, for example, BTC price hit $19,484 before seeing a slight pullback to sub-$19,300.

BTC/USDT 4-hour chart (Binance). Sour ... Read more »

Category: Analytics | Views: 46 | Added by: danyagames2007 | Date: 25.11.2020 | Comments (0)

The leading crypto spot and derivatives exchange OKEx recently announced that crypto withdrawal service will be restored on the platform by November 27, after more than a month of suspension. The news has come as a relief to its users.

We reached out to the CEO of OKEx, Jay Hao, and asked a few questions about the recent events and their effect on OKEx and its customers.

A: This has been a challenging time for all of us but especially for our users. Whilst they have never had to worry about the safety of their assets as we have repeatedly reassured them that all funds are safe, they have had to deal with uncertainty as we were unable to give them an exact date when withdrawals would be open. Uncertainty can cause inconvenience ... Read more »

Category: News | Views: 41 | Added by: danyagames2007 | Date: 25.11.2020 | Comments (0)

The ongoing Bitcoin rally brought investor interest back to altcoins in a big way, but as soon as the top-ranked cryptocurrency made it above $19,000, it has been nothing but carnage for Ethereum and the rest of the altcoin space.

Here’s why these assets faced carnage as soon as Bitcoin hit $19,500, and why it might signal a short-term top is near the crypto market.

Ethereum And Other Top Altcoins Suffer Carnage As BTC Nears ATH

Today could be the day when Bitcoin breaks its all-time high, and just about anyone in the crypto spaces knows it.

And that’s the primary reason in a nutshell that altcoins like Ethereum, XRP, and dozens more suffered a strong pullback once the most dominant cryptocurrency ... Read more »

Category: Analytics | Views: 37 | Added by: danyagames2007 | Date: 25.11.2020 | Comments (0)

Money on Chain is taking cues from gold market pricing for its DEX.

DeFi protocol Money on Chain, a lending platform and stablecoin issuer based on Bitcoin (BTC) sidechain RSK, announced Wednesday the launch of TEX, an automated token swap platform based on an order book — with a unique twist.

Instead of being available instantaneously, orders are processed in batches according to a slightly variable interval of a few minutes. Each execution, called a tick, matches the orders submitted to the blockchain.

Each trade occurring in a given tick is performed at the same average price between all orders submitted by traders. Limit orders submitted by users indicate the maximum or minimum acceptable price. For example, ... Read more »

Category: News | Views: 52 | Added by: danyagames2007 | Date: 25.11.2020 | Comments (0)

Sean Ono Lennon, the son of the Beatles’ John Lennon, says bitcoin gives him optimism amid the “ocean of destruction” this year. He believes that the cryptocurrency empowers individuals the way they have never been empowered before.

Bitcoin Gives Sean Lennon Optimism

Sean Ono Lennon is the son of the Beatles’ lead vocalist, John Lennon, and Japanese singer Yoko Ono. Sean talked about bitcoin with Max Keiser and Stacy Herbert on the Orange Pill podcast published Sunday.

After discussing several aspects of bitcoin and many events that happened this year, Lennon opined, “it’s such an interesting time and so many things have been flipped ups ... Read more »

Category: News | Views: 61 | Added by: danyagames2007 | Date: 25.11.2020 | Comments (0)

Cryptocurrency exchange Coinbase is disabling its margin trading product in order to comply with the new rules set by the Commodity Futures Trading Commission (CFTC).

CFTC’s Rules Affecting Margin Trading Offerings

Coinbase’s chief legal officer, Paul Grewal, explained in a blog post on Tuesday:

In response to new guidance from the Commodity Futures Trading Commission, we are disabling our margin trading product.

Starting on Wednesday, Nov. 25 at 2 p.m. PT, customers currently using Coinbase’s margin trading will not be able to place new margin trades and all open limit orders will be cancel ... Read more »

Category: News | Views: 47 | Added by: danyagames2007 | Date: 25.11.2020 | Comments (0)

Bitcoin rallied to over $19,000 in the same week that saw President-elect Joe Biden’s decision to appoint Keynesian economist Jenet Yellen as the next US Treasury Secretary.

Anthony Pompliano, the co-founder/partner at New York-based Morgan Creek Digital Assets, noted that Ms. Yellen’s economic management style complements Bitcoin’s bullish case. In his note to investors published Tuesday, the macro analyst said the former Federal Reserve Chairman has a tolerance for bubbles and inflation.

“Janet Yellen is likely to be Bitcoin’s greatest ally over the coming 4-8 years,” explained Mr. Pompliano. “She has never seen an opportunity to print money ... Read more »

Category: Analytics | Views: 41 | Added by: danyagames2007 | Date: 25.11.2020 | Comments (0)

Nov. 24 is generating the second-highest daily price ever for Bitcoin, with November already its best month in terms of dollar gains.

Bitcoin (BTC) is currently having its second-highest trading day ever as BTC/USD is hitting a new multiyear high of $19,330. 

Data from Cointelegraph Markets and TradingView provides a cause for celebration on Nov. 24 after Bitcoin suddenly tackled $19,000 resistance.

BTC price sees second-best day ever

Against a backdrop of rapid gains and the temptation of breaking all-time highs around $20,000, the achievement has not gone unnoticed on Bitcoin figures.

Ryan Selkis, founder of data resource Messari, noted that on only one day in its existence has Bitcoin traded a ... Read more »

Category: Analytics | Views: 52 | Added by: danyagames2007 | Date: 25.11.2020 | Comments (0)

What price high must Bitcoin hit to account for the past three years of U.S. dollar inflation?

Bitcoin's (BTC) price rose to almost $20,000 in 2017 before losing more than 80% of its value to a multi-year long bear market. In the years since, the asset has never again come close to these price highs — until now. At time of publication, crypto's first currency is once again trading a few percentage points away from its previous milestone.

While crossing $20,000 may soon be celebrated as a psychologically significant threshold, Bitcoin will not actually reach its all-time high in terms of buying power at that point thanks to inflation.

“If you bought #Bitcoin at the top in December 2017, you won&rsquo ... Read more »

Category: News | Views: 41 | Added by: danyagames2007 | Date: 25.11.2020 | Comments (0)

Dan Tapiero told Anthony Pompliano that $15 trillion in institutional capital could flow into Bitcoin, pushing prices as high as $500,000.

Gold Bullion International co-founder Dan Tapiero believes that it’s only a matter of time before Bitcoin’s price surges into the six-figure threshold. 

Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in terms of price appreciation Bitcoin is the king, even though he believes investors should own both gold and Bitcoin:

“In the next five years, I can see gold at $4,000, so that’s double. But if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so that’s ... Read more »

Category: News | Views: 58 | Added by: danyagames2007 | Date: 25.11.2020 | Comments (0)