Bitcoin surpasses $16,000 as $30 million of BTC move after being dormant for a decade November 17, 2020 This week CryptoCompare data shows the price of Bitcoin (BTC) moved from around $15,800 to a $15,000 low. Bounce off on the support, the flagship cryptocurrency moved to a $16,300 high in the middle of the week. After a short correction, it moved back up, and is now trading close to the $16,300 mark again. [...]
Staying and Beyond November 16, 2020 Softer Touch Bitcoin traded a touch softer over the weekend but well within the recent highs and the price action early doors Monday pointed to another attempt to test higher levels. Similarly, Ethereum also dipped over the weekend just ahead of the key $500 mark, with the $477 zone showing some resistance. As noted recently, [...]
To the Moon November 13, 2020 Edging Higher The market continued to edge higher, with Bitcoin attempting to make its way through the congestion area between $16,000, $17,000- $17,150 zone based on 2017/18. Ultimately, the markets are looking to test all-time highs; so much so that resistance before that looks almost futile based on the current risk on sentiment. However, it [...]
Pushing the Heights November 12, 2020 Upward Trajectory The reports that the Ethereum blockchain network suffered issues Wednesday morning, with knock-on effects at related service providers, were timely brushed off by market participants and the bullish camp regained upside momentum yet again. Bitcoin made another push towards the $16000 level as the total aggregate open interest (OI) hit another record high. [...]
The QE Dystopia Driving Corporate Bitcoin Adoption November 11, 2020 Requiem for a Dream is a film about the drug-induced utopias of four Coney Island people, although these utopias are shattered when their addictions begin to run deep. Sometimes, it now feels like Requiem for a Dream “monetary policy” version is now upon us, the drug of quantitative easing (QE) is now wearing off and [...]
Small Caps: Resurrection November 11, 2020 Volatility resurgence? Despite the recent shift in focus on the positive news relating to Pfizer’s Covid-19 vaccine, macro driven volatility may yet resurface. The latest reports indicate that US President Donald Trump’s campaign on Monday filed a lawsuit in a Pennsylvania federal court, seeking to block state officials from certifying President-elect Joe Biden’s victory in [...]
Crypto AM shines its Spotlight on CyberFi November 10, 2020 Automation is the main catalyst for exponential growth in economies for the past two hundred years. DeFi is one of the latest advancements of financial innovation. It has grown to a market of over $12 billion in a concise amount of time. However, due to the rapid growth, it lacks critical automation elements that would [...]
Crypto asset scams: Peril in the age of Covid-19 and related legal reform November 10, 2020 As central banks around the world strive to counter the effects of Covid-19 in their respective economies, prospects of rapid inflation have led investors to believe that crypto assets, could be a good hedge going forward. For example, the price of Bitcoin has surged to more than $15000, boosted by news such as PayPal’s new [...]
Bitcoin’s Price Surpasses $15,000 to 3-Year High as Corporate Support Grows November 10, 2020 This week CryptoCompare data shows the price of Bitcoin (BTC) moved up from around $13,500 to break its resistance at $14,000 and keep moving up. The flagship cryptocurrency’s price hit $15,5000 before enduring a correction to $14,700 and moving back up to $15,450 at press time. Ether (ETH), the second-largest cryptocurrency by market capitalization, moved [...]
Blockchain and the future of digital and crypto currencies November 9, 2020 With the advances in online banking, contactless payments, and the recent concerns related to using physical currency in the days of COVID-19, fewer and fewer people carry cash. And with China leading the way to launch a central bank for digital currencies, this trend is not just set to continue, but to accelerate. Many in [...]