Day: September 14, 2020

Market Wrap: Bitcoin Passes $10.7K; Ethereum Gas Usage Hits Record September Highs

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Bitcoin is making gains Monday and Ethereum usage is hitting record highs in September. Bitcoin (BTC) trading around $10,669 as of 20:00 UTC (4 p.m. ET). Gaining 3.4% over the previous 24 hours. Bitcoin’s 24-hour range: $10,250-$10,759 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 12. Source: TradingView The price of bitcoin hit as high as $10,759 on spot exchanges such as Coinbase Monday. That level has not been seen since Sept. 3 and the cryptocurrency is now…

Peter Brandt says he’s not picking crypto right now, in terms of opportunity

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When it comes to choosing between blockchain and more traditional investments, the grass may be greener in the stock market, said Peter Brandt — the CEO of proprietary trading firm, Factor LLC. He went on to note, however, that it all depends on people’s choice of base currency.  Brandt was clear that he had transitioned into mostly U.S. dollars while scoping out his next moves. “Right now I think the opportunities are greater in the equities market than they are in the crypto market,” he told Cointelegraph on Sept. 9. …

How Does The Next Chapter In The Tether Printing Story Unfold For Bitcoin

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If Bitcoin reacts to the recent substantial printing of more Tether stablecoins the same as it has in the past, we may finally have a catalyst for the crypto asset retesting its former all-time high. According to an ongoing correlation that suggests Bitcoin pumps with each new chapter of the Tether saga, the leading cryptocurrency by market cap’s story in 2020 could be capped off with a very happy ending. Will Bitcoin Explode In Price After Tether’s Market Cap Adds $5 Billion in Supply? Crytocurrency investors are watching in wait…

Price analysis 9/14: BTC, ETH, XRP, BNB, DOT, LINK, BCH, CRO, LTC, BSV

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Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum. Most retail traders find it difficult to go against the herd and buy when the market is down. They generally wait for the price to recover and for improvements in sentiment before jumping in. By doing this, retail traders typically miss the larger part of relief rallies and pocket a smaller profit. On the other hand, professional investors capitalize on sharp corrective moves by purchasing if they believe that…

RGB Continues Work to Bring Better Smart Contracts to Bitcoin

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Under development by the LNP/BP Standards Association, the RGB protocol entered beta in June. The second layer network promises to bring smart contracts and tokenized assets to Bitcoin with a Lightning Network-esque technical design. RGB could be used to issue tokenize securities and nonfungible tokens (NFT), and to offer a more private means of stablecoin issuance and transfer.  Smart contracts and Bitcoin. These technical phenomena are rarely associated with each other, often because people believe Bitcoin’s paired-down scripting language can’t support the smart contract applications that have become the darlings…

GEX: Georgian Crypto Exchange Expands to Regional Markets

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Place/Date: Georgia, Tbilisi – September 14th, 2020 at 6:45 pm UTC · 2 min read Contact: GEX, Source: GEX Tbilisi-based GEX.exchange announced its successful launch this summer as the highest liquidity exchange in Georgia. With consistently high daily trade volumes, GEX is now bringing in customers from neighboring countries, such as Armenia, Azerbaijan, and Turkey. GEX allows customers to buy or sell bitcoin and other cryptocurrencies locally via credit card and bank transfer or internationally via wire transfer. GEX customers can easily execute transactions with the click of a button…

How to navigate crypto’s new finance wave

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In 2020, as a result of the economic crisis caused by the spread of COVID-19, the world financial system is facing an increasing number of problems. The authorities of large countries have applied monetary policies of quantitative easing, which has led to a decrease in the value of fiat currencies and a loss of public confidence in them. At the same time, the profitability of bank deposits has dropped to their lowest levels. Meanwhile, alternatives to traditional banks are now gaining popularity. Among them are decentralized finance products: cryptocurrency exchanges,…

Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by December

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This past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017. On September 14, researchers from the data analytics firm Skew.com tweeted about an unusual number of call options for December 2020 that are well above the 2017 ATH. “[December 2020] $28k, $32k, [and] $36k calls among the most active bitcoin options contracts…