XRP has been on a roller-coaster of a ride throughout the past few days and weeks, with the crypto randomly breaking out of a multi-year trading channel earlier this week that allowed its price to ascend as high as $0.90 on some exchanges. The selling pressure here was significant, with many long-term holders using the pump as an exit opportunity. It has struggled to gain any momentum since, which could be a sign that downside is imminent in the days and weeks ahead. The downturn seen across the aggregated market…
Day: November 26, 2020
Bitcoin SV Merkle Inclusion Proofs Upgrade Open for Public Review
The Bitcoin SV (BSV) Technical Standards Committee (TSC) is set to conduct its first public review exercise for a proposed upgrade to the blockchain network. The planned protocol improvement is geared towards improving payment efficiency on the Bitcoin fork. TSC Green Lights Public Review of Bitcoin SV SPV-focused Upgrade According to a press release on Nov. 25, Switzerland-based Bitcoin Association, a body that pushes for the advancement and adoption of Bitcoin SV blockchain announced that Bitcoin SV Technical Standards Committee’s first proposal is open for public review. The proposal in…
Legendary Investor Plugs Bitcoin! BTC, ETH, XRP, & LINK Analysis – Crypto Convo
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hope you guys gained some value from this! 🚀 If you want to talk feel free to drop a comment! 😎💬 Also, you can support the channel by liking the video and checking out the links below.👇🏼 Appreciate you. 🙏🏼 💸📊 My Complete Portfolio + Daily Newsletter. This is a complete list of my options, stocks, and cryptocurrency positions. I update it every trading day, and send out an email newsletter explaining my thoughts. – 📲 App I use to invest in…
Compound liquidator makes $4M as oracles post inflated Dai price
The crypto market suffered a powerful crash on Thursday morning UTC, which sent prices of major currencies like Bitcoin (BTC) and Ether (ETH) tumbling in excess of 10%. When traders rush for the exits, the price of stablecoins generally increase as the demand for stability rises. In today’s crash, however, the effect became particularly pronounced on Dai (DAI), which briefly traded for $1.3 between 7 and 8 AM UTC. Dai/USD price on Coinbase, courtesy of TradingView Most notably, DAI traded at this inflated valuation only on Coinbase and Uniswap, while…
Where The Bitcoin Bull Market Correction Might End
Bitcoin price over the last 24 hours saw an over $3,000 crash and more than 15% wiped out from its price tag. Despite the downside, the cryptocurrency is undeniably in a bull market. But bull markets do correct, and when they do it can be powerful. As to where Bitcoin could fall to, the last bull market and one particular indicator could provide clues. Bitcoin Begins First Major Bull Market Correction Since $10,000 Breakout The leading cryptocurrency by market cap shocked Wall Street and the rest of the world over…
BITCOIN HAS ENTERED BREAKOUT TERRITORY! BTC PRICE MOVE MOMENTS AWAY?!
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ⮕₿ CRYPTO.COM – Use my referral link to sign up for Crypto.com and we both get $25 USD 🙂 Intro 00:00 Overview 00:30 Daily chart 00:40 Consolidation 1:00 Overbought? 1:40 Important point 2:30 Support and a dip 3:30 20 week moving average 4:40 6 hour chart and some bullish targets 5:55 Bitcoin price has entered 74% to the apex of a key symmetrical triangle we have been tracking on the charts. Which direction will the next BTC price breakout to and will…
Learn To Trade Cryptocurrency For FREE With eToro Virtual Money
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Bitcoin Liquidation Data Suggest Recent Crypto Rally Wasn’t Driven by Retail Buyers
It has been a rough past few days for Bitcoin and the entire crypto market. Following BTC’s tests of its all-time highs in the mid-$19,000 region, the benchmark digital asset faced a massive influx of selling pressure. However, this was expected, and most investors didn’t believe that it was enough to spark any long-lasting correction. However, recent comments from Treasury Secretary Steve Mnuchin regarding a potential second eave of crypto regulations caused BTC to see a sustained move lower that shows few signs of slowing down anytime soon. If this…
Jelurida Announces Blockchain-based Bridge Strategy Game
Blockchain software development firm Jelurida is set to launch an on-chain version of the bridge, the strategy card game. The platform will be called Bridge Champ and will enable anyone to set up their own white-label bridge gaming environment. The game leverages the benefits of blockchain, including in-game tokens and cheat prevention. Jelurida is known for its development platforms, which include Ardor and Nxt. Ardor, a multi-chain proof-of-stake blockchain, is the company’s flagship project. Ardor operates as a parent-and-child structure, with the Ardor main chain securing child chains connected to…
Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin
Bitcoin bull and Galaxy Digital CEO, Mike Novogratz, says bitcoin is for everyone. He argues that those committing 2% to 3% of their net worth to this digital asset today will see substantial gains in five years. Novogratz adds that while bitcoin remains a volatile asset he does not expect its price to drop to levels seen in March when it crashed to under $4,000. Instead, he asserts that “bitcoin prices shouldn’t fall below $12,000 in this current cycle.” Evidence of a Supporting Bitcoin Price According to a report, the…