Day: November 5, 2020

Bitcoin Price Spikes Over 9% as the Crypto Asset’s Value Nears $15K

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The crypto economy has jumped over the $400 billion mark and is now hovering around $414 billion at the time of publication. The largest crypto asset in terms of market cap, bitcoin has climbed over 9% during the last 24 hours steadily marching toward the $15k zone. During the last 30 days, Bitcoin (BTC) has gained over 39% touching a new all-time 2020 high of $14,964 on Bitstamp, Thursday morning. Bitcoin (BTC) is up 9.8% during the last seven days and 27.3% during the last 90 days. Bloomberg Senior Commodity…

Bybit Announces Huge Partnership Deal with FC Borussia Dortmund

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This agreement will see the Bybit logo and slogan displayed on the BVB’s websites and social media platforms as well as their stadium in live matches. Bybit, a fast-growing cryptocurrency exchange, has made a tremendous step to announce a partnership agreement with one of the greatest football clubs in the history of German football and the world at large – Borussia Dortmund. Borussia Dortmund is excited to announce our newest International Champion Partner, Bybit! Welcome to the BVB family! 💛 pic.twitter.com/QHdbYjZq3d — Borussia Dortmund (@BlackYellow) November 5, 2020 Borussia Dortmund…

Bitcoin and Ether Market Update November 5, 2020

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Total crypto market cap added 11.4 billion to its value for the period since Monday morning and now stands at $413.6 billion. The top ten coins were all in green for the last 24 hours with ether (ETH) and bitcoin (BTC) being the top performers with 6.8 and 6.5 percent increase respectively. At the time of writing bitcoin is trading at $14,500 on the Bitstamp daily chart, ether moved up to $404. Ripple’s XRP is hovering around $0.239. BTC/USD Bitcoin closed the month of October with a 28 percent price…

First Mover: Bitcoin Likes Biden (and Fed’s Powell) as Price Approaches $15K

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Bitcoin has now doubled its price in 2020, after surging early Thursday to above $14,900 for the first time since 2018.  The cryptocurrency appeared to get a lift from the likeliest outcome of this week’s U.S. elections, where a Democratic president is blocked from passing major initiatives (like tax cuts) by a Republican-controlled U.S. Senate. That could imply more monetary stimulus from the Federal Reserve, where Chair Jerome Powell is expected to announce no new actions Thursday after a two-day meeting this week but could signal a willingness to do whatever’s needed to…

FTX CEO Ranks as Second Highest Donor to Joe Biden’s Campaign

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At the time of writing this piece, Joe Biden had amassed 50% of the votes totaling 72,130,179 votes while incumbent President Trump has 48% or 68,648,006 of the total votes counted by now. The CEO of FTX Derivatives Exchange Sam Bankman-Fried ranks as the second-highest donor to the campaign of former Vice President and Democratic Presidential Candidate Joe Biden. As revealed by the Wall Street Jornal, the Hong Kong-based CEO made a total donation of US$5.2 million, a sum which came behind Biden’s major financier, Michael Bloomberg who made a…

Bitcoin Poised to Hit $15K Even amid Bearish Divergence Alerts

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Many Bitcoin analysts agreed that Bitcoin would stop rallying after its price hits $14,500. The cryptocurrency looked overbought on medium-term timeframes, a technical alert that typically amounts to a downside correction. But the bearish calls took a backseat on Thursday as Bitcoin extended its upside above $14,500, coming less than a hundred dollars closer to hitting the $15,000-level. A majority of retail traders/investors obviously ignored the “overbought” warnings as hype overtook caution. Bitcoin was changing hands for as much as $14,945 ahead of the New York opening bell. Its gains,…

Bitcoin (BTC) Hits $14,500 Levels Registering Over 100% Gains in 2020

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Bitcoin makes swift moves as analysts expect the Fed to continue its money-printing in wake of more stimulus. This creates a more favorable position for Bitcoin as analysts hint at higher targets above $16,000. In a sudden surge, Bitcoin (BTC) has moved 5% north moving above $14,500 levels for the first time since January 2018. With this move, Bitcoin has also extended its weekly gains above 10%. The recent price surge comes as more clarity emerges with the outcome of the U.S. Presidential election. Bitcoin and the overall crypto market…

$1 Billion Silk Road Bitcoin Moves for First Time in Five Years

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At least 69,369 bitcoins, worth about $955 million, were on Wednesday moved from a wallet address that may be linked to the collapsed Silk Road darknet marketplace. This is the first time that the funds have moved from the address — bitcoin’s fourth largest — since April 2015. The address has long been a target for hackers, who shared it in their forums, hoping to crack the wallet and steal the BTC inside. Crypto forensics firm Elliptic says the funds were transferred from an address associated with Ross Ulbricht’s Silk…

EXPE Stock Up 6% Now as Expedia Shows Strong Q3 Earnings

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The impact of the COVID-19 pandemic has not just caused the share price of Expedia to plunge by up to 8.9% in 2020, it has also caused the firm to reduce costs through job cuts amid other inconveniences. American online travel shopping company for consumer and small business travel, Expedia Group Inc (NASDAQ: EXPE) has posted strong Q3 earnings amid resurging COVID-19 cases. According to a Bloomberg report on the earnings report released by Expedia, the strong outfit reflects the uptick in travels during the after lockdowns and before the…

Qualcomm Reports Profitable Q4, Delivers Strong Outlook for Q1

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For the fiscal Q1 outlook, Qualcomm is expecting revenue between $7.8 billion and $8.6 billion. In addition, the company looks forward to adjusted earnings per share between $1.95 and $2.15.  Qualcomm Inc (NASDAQ: QCOM) is on the rise after the company reported profitable results in the fourth quarter (Q4). In the quarter that ended on the 27th of September, the company pulled in gains in sales and earnings. Reported on the 4th of November, the earnings result showed that the profits exceeded Wall Street expectations.  Following the earnings announcement, Qualcomm…