Day: November 1, 2020

Despite 50% Drop From $20 Highs, Chainlink Whales Remain Bullish

boss

Chainlink (LINK) has undergone a strong rally since the lows set in September. The price of the leading cryptocurrency currently trades for $11.50. LINK is up 3% in the past 24 hours, outperforming Bitcoin, XRP, Binance Coin, and a series of other top altcoins. Even still, LINK is trading just under 50% below its all-time high above $20. On-chain data shows that investors in Chainlink remain extremely bullish, as they are accumulating the coin en-masse. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Chainlink (LINK) Investors…

Wyoming Is Crypto’s ‘Wild West,’ Which Is Exactly What We Need

boss

In the world of financial regulation, it may seem like progress is slow and arduous. But then there are weeks in which a lot happens, and pieces fall into place with loud clangs and reverberations. This past week was one of those, and the pieces in question are being largely overlooked as they are settling into place in a relatively small corner of the crypto landscape. Yet their impact is significant even at this early stage. And, as part of the bigger picture, these pieces are forming the base of…

Switzerland Approves Gazprombank to Offer Bitcoin Trading and Custody

boss

Zurich-based Gazprombank, a subsidiary of Russia’s third-largest bank, has been approved by Switzerland’s financial regulator to offer a number of cryptocurrency services, including the buying, selling, trading, and custody of bitcoin. Gazprombank Approved to Offer Bitcoin Services Gazprombank (Switzerland) Ltd. announced Thursday that it has received authorization from the Swiss Financial Market Supervisory Authority (FINMA) to provide cryptocurrency services. The Zurich-based bank is wholly owned by Russian Gazprombank. The parent company is the third-largest bank in Russia as well as the third-largest in Central and Eastern Europe in terms of…

Analyst Claims XRP has Room for a 100% Rally as Whales Accumulate

boss

Bitcoin’s price action as of late has been incredibly bullish, but altcoins like XRP and Ethereum have continued their descents as traders and investors alike both set their sights on the benchmark cryptocurrency. One trader is now noting that XRP – which is currently trading at multi-year lows against its BTC trading pair – could be on the cusp of seeing some massive upside. He believes that the prolonged bout of consolidation seen by the embattled altcoin could mark an accumulation phase followed by a parabolic move higher. On-chain data…

Should History Repeat, the Bitcoin Price Is About to Go Parabolic

boss

Bitcoin has undergone a 25% rally over the past two weeks as buying pressure in the digital asset market has heated up. The leading cryptocurrency currently trades for $13,800, far above the $9,800 lows seen in September. Analysts think that Bitcoin has room to extend to the upside in the months ahead. One crypto-asset chartist shared a chart on November 1st indicating that a pivotal macro technical indicator shows Bitcoin may soon go parabolic. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Could Soon Go…

14k Breached, UNI Voters Say “No,” Trump Gets Hacked:Hodler’s Digest, Oct. 26–Nov. 1

boss

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.   Top Stories This Week   Bitcoin price hits $14,000 — Exactly 12 years after white paper released On Oct. 31, 2008, Satoshi Nakamoto released a white paper setting out his vision for Bitcoin. Fast forward 12 years, and BTC has hit $14,000 for the first time since January…

Here are 4 Reasons Why One Analyst is Shorting Bitcoin’s Latest Rally

boss

Bitcoin has been falling within a consolidation phase throughout the past few days and weeks, with buyers and sellers reaching an impasse as it trades around $13,800 The rest of the cryptocurrency market has been declining throughout the past few days, with the DeFi sector being hit particularly hard This weekend has proven to be particularly positive for Bitcoin, but one analyst is cautious regarding its longevity He points to 4 particular factors that indicate some downside could be imminent for the benchmark cryptocurrency in the days ahead Bitcoin has…

BTC, BNB, ADA, BCH, LINK

boss

Bitcoin (BTC) has rallied about 90% year-to-date and has risen close to 191% from its March lows. The rise has been gradual without much fanfare, which suggests that crypto believers are the ones who have been buying in 2020. October’s monthly close at $13,798.99 is the highest ever, surpassing the December 2017 close at $13,789.68. The strong performance of Bitcoin may now attract the momentum players and the speculators who look to benefit from the strength. Crypto market weekly performance data. Source: Coin360 If that happens, then Bitcoin could pick…

Warren Buffett praises stocks Dollar-cost averaging — but does it work for Bitcoin?

boss

Warren Buffett has a message to young investors: dollar-cost average into major stock market indices. However, data shows that the same strategy has worked quite well for Bitcoin (BTC) too over the past decade. The term dollar-cost averaging or DCA refers to a strategy when an investor divides up the total amount to be invested into periodic purchases of the given asset. The theory behind this investment strategy is that when an asset goes up or down, investors can benefit from both reducing the negative impact of price volatility. Buffett…

Big Banks Turning Bullish on Bitcoin Should Have You Worried

boss

What an October it was for Bitcoin. The number one cryptocurrency by market cap has seen a 30% rise in its price over the last four weeks, making a 17-month high in the process. Even more impressive is how Bitcoin managed to shrug deteriorating macro-factors to achieve this. Source: BTCUSDT on TradingView.com This is mostly thanks to a glut of positive sentiment coming from corporate America, who it seems, is starting to warm to the idea of a decentralized store of value network. MicroStrategy was the first to stamp their…