Day: November 24, 2020

Bitcoin Bullish Run Buoyed By Positive Sentiments from Institutions

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Bitcoin rise in recent weeks has been exponential with the leading coin pumping from $13,000 to $19,000 in less than two months. This rapid surge in price has echoed similar sentiments to the bullish run of 2018 but with a distinct difference “institutional adoption.” Institutions Accumulating Bitcoin In 2020 Financial institutions’ accumulation of Bitcoin is the most noticeable trend in 2020. This suggests that the leading coin is viewed highly within the mainstream financial sector. In recent months, Grayscale has made a massive investment in crypto assets totaling around $10…

Chainlink May Soon Set New All-Time Highs Once It Breaks This Key Level

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Chainlink has been incredibly strong over the past few days, fully exposed to the upside seen across the aggregated cryptocurrency market as bulls take full control. Its price has surmounted multiple key resistance levels that have slowed its ascent in the past, and it is now only a stone’s throw away from setting fresh all-time highs. The cryptocurrency is facing some intense resistance within the lower-$16.00 region, as each attempt to break above this zone has resulted in it seeing massive inflows of selling pressure. If it remains trapped below…

5 Key Factors Behind The 100% XRP Surge

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After spending three years of the crypto bear market as the butt of all jokes, being compared to sheep manure, and much more, XRP has shocked the entire industry with a 225% single-month explosion. But the powerful breakout could only be just beginning, according to a variety of technical indicators that measure the strength of the movement. Here are five factors behind the breakout and why the move is more than likely sustainable. XRP Taps Nearly $1 On Coinbase, Breakout Is Only Just Beginning During the early morning hours, the…

ACCIONES Y BITCOIN NIVELES IMPORTANTES ANALISIS TECNICO EN DIRECTO 11/10/20

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io El 11/10/2020, hoy estudiamos el precio DE LAS ACCIONES Y BITCOIN y buscaremos oportunidades de trading o inversión, estudiamos estrategias para mejorar el rendimiento de las operaciones, todo en directo mientras operamos los mercados financieros. En este directo analizamos gráficas, algunas noticias y señales que nos pueden ayudar a proyectar el comportamiento del precio para determinar posibles entradas y salidas en los diferentes mercados. Todo en tiempo real, análisis técnico de bitcoin y otros instrumentos financieros, aprendemos a predecir posibles niveles de…

SBI Group’s Crypto Trading Arm Launches Bitcoin Lending Service

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SBI Holdings has announced the launch of its crypto lending service via its bitcoin (BTC) trading arm, SBI VC Trade. The new service offers lenders an annual percentage yield of one percent and users can lend a minimum of 0.1 BTC, according to a press release on November 24, 2020. SBI Unveils Staking Service  As the price of bitcoin (BTC) and altcoins continue to surge in 2020, with more and more institutional monies coming into the industry, crypto-friendly Japanese financial heavyweight, SBI Holdings, has launched its bitcoin lending service. As…

Blockchain-based voting systems have potential despite security concerns

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The 2020 United States presidential election was met with an increase in mail-in ballots due to COVID-19 concerns. Yet while many Americans stayed away from polling stations this year, postal delays, rejected ballots, and other challenges emerged. Unsurprisingly, better ways for casting votes during major elections quickly became a hot topic of discussion. This has also led some in the crypto community advocating with renewed vigor for a blockchain-based voting system to be used in the future presidential elections. While the promises of blockchain include trust, transparency and immutability, a group…

Will ‘money printer go brrr’ rob Bitcoin of its all-time high?

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Bitcoin’s (BTC) price rose to almost $20,000 in 2017 before losing more than 80% of its value at the end of the initial-coin-offering boom. In the years since, the asset has never again come close to these prolific price highs — until now. Crypto’s first currency is once again trading a few percentage points away from its previous milestone as of press time. 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…

3 reasons why Bitcoin price faces a major hurdle at $20,000

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The price of Bitcoin (BTC) hit $19,469 on Coinbase, reaching its highest point since the December 2017 peak. Although the dominant cryptocurrency is close to surpassing its record high, there are some warning signs to take note of. Three potential reasons Bitcoin faces the possibility of a pullback at $20,000 are a bull trap, overhead resistance, and an overcrowded derivatives market. BTC/USD 15-minute chart. Source: TradingView.com A potential bull trap scenario A pseudonymous cryptocurrency trader known as “Bitcoin Jack,” who called the Bitcoin bottom in March 2020, laid out a…

Lyn Alden: Money Printing, Bitcoin and the 80-Year Debt Cycle

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One of the sharpest analysts in macroeconomics looks at how monetary and fiscal policy are likely to change in the coming years. Today’s guest is Lyn Alden. Lyn is the founder of Lyn Alden Investment Strategy and one of today’s best-known and most-respected macro analysts. In this conversation, she and NLW discuss: Anti-deflation vs. inflation Why money printing is nonpartisan  Why we’re headed for deeper MMT experiments How she increased her conviction around bitcoin (her journey in memes) Why the beginnings of a new, post-Bretton Woods era are starting to…