Day: November 27, 2020

Bitcoin’s Recent $3,000 Correction Actually Formed a Bullish Candle

boss

Bitcoin has faced an extremely strong correction since its local highs around $19,500. The leading cryptocurrency currently trades for $17,000 almost exactly, though fell as low as $16,200 just the other day. That means that from its local highs, the leading cryptocurrency was down by over $3,000. Many have not taken this correction well: just days ago, there were many expecting Bitcoin to move towards new all-time highs, citing a confluence of technical and fundamental trends. But this rally actually formed a somewhat bullish candle, despite what conventional wisdom may…

Data shows Bitcoin price drops days after BTC futures open interest hits $1B

boss

There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market share until July 2019. For this reason, traders kept a close eye on every indicator connected to BitMEX, including its funding rate, open interest, and basis. Open interest measures the total number of contracts held by market participants. As the figure rises higher, so does the potential size of liquidations. On Aug. 2, a $1,400 crash happened as $1 billion in futures contracts were forcefully closed due to insufficient…

Tax Changes In Your State For 2021

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Income, property, sales—and an ‘overpaid executive gross receipts tax. Tax Changes In Your State For 2021 On Financial Literacy 101, we give budget strategies, get out of debt methods, saving and investment tips as well cover stimulus check updates, stimulus package updates, and any new developments regarding the next stimulus relief package. Awaiting the Hero’s Act to boost the American economy as will the people in response to businesses closing, schools shutting down, and families losing their homes. The second stimulus check…

Tether’s market cap is growing at a near-record pace

boss

The market cap of Tether (USDT), a U.S. dollar-pegged stablecoin, has surged in recent weeks, potentially helping to fuel the recent Bitcoin (BTC) rally that drove prices to near all-time highs.  Paolo Ardoino, who serves as dual CTO to Bitfinex and Tether, tweeted Thursday that the supply of USDT increased by 1 billion over nine days, marking the second-fastest expansion in its history. The record was set on Sept. 4, 2020 when, over eight days, USDT’s circulating supply increased by 1 billion. At press time, Tether had a market cap…

OKEx Sees Massive Bitcoin Outflows as BTC Weakness Mounts

boss

Bitcoin’s price has been flashing signs of immense weakness throughout the past few days, with the recent $19,500 rejections sending it reeling lower as analysts watch for further downside. The rejection just below its all-time highs was certainly what sparked the ongoing correction, but some other factors are at play here. One such factor is recent comments from the U.S. Treasury Secretary regarding a potential wave of regulations on the crypto market before leaving his position in late-January. It remains unclear if the next administration pursues the same aggressive approach…

Kucoin Resumes Origin Trail (TRAC) Withdrawals + BSI Update – Ivan Explains…

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🏆 FREE BLOCKCHAIN PROGRAMMING TRAINING: 🏆GET BSI INDICATOR: ✅ WATCH LIVE DAILY: ❤️ START TRADING (get great starter deals): ✅ SIGN UP FOR TELEGRAM: Full Stream: DISCLAIMER: Trading Bitcoin is VERY risky, and 80% of traders don’t make money. Make sure that you understand these risks if you are a beginner. I only recommend crypto trading to already experienced traders! 👫👭👬Social: Twitter: LinkedIn: Instagram: **Disclaimer** Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent…

Hodl or spend? Retailers offer Black Friday deals for those paying with cryptocurrency

boss

Cryptocurrency adoption is slowly but surely making its way to the mainstream — a notion that has become more apparent as major retailers like PayPal announce support for digital currencies. As such, it shouldn’t come as a surprise that crypto holders may be keen to spend some of their digital currency this holiday season.  According to a new report from Forrester and blockchain payments service provider BitPay, cryptocurrency adopters tend to spend more than other consumers. Based on interviews with BitPay merchants, the report noted that cryptocurrency users have an…

Negative Bitcoin headlines affect speculators, not HODLers says Morgan Creek CEO

boss

The motivation and time horizon for entering Bitcoin (BTC) will ultimately dictate whether investors succeed in this new asset class, according to crypto pioneer Mark Yusko. On Friday, the CEO of Morgan Creek Capital Management commented on the recent wave of negative headlines concerning Bitcoin. In a series of tweets, Yusko said financial institutions are justifiably concerned about Bitcoin’s disruptive impact and will use whatever means they have to slow its adoption. The normal response to Bitcoin’s threat is to “erect barriers to adoption and innovation,” Yusko said, adding: “When…

Electroneum CEO Invites Monero for Team-up – Offers Olive Branch – with Richard Ells

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Richard Ells, Electroneum ‘s CEO , gives an Olive branch to the Monero Team to work together on upgrades. Richard states that he really like the Monero Project. Check out this Top Blockchain Altcoin.. This Crypto News is a good watch. #electroneum #Crypto #Monero This is not Financial advice (clearly, I’m not qualified, so don’t pretend that I am). So talk to your financial adviser. It is just the thoughts of Goofy Guy in a straw hat, mumbling on Youtube and talking…

Yearn.finance’s YFI to Move Past $30,000 as Strength Mounts

boss

Yearn.finance’s YFI token has been surprisingly strong throughout the past few days, with its price holding well-within the mid-$20,000 region despite the selloff currently taking place across the aggregated crypto market. When Bitcoin was first rejected at $19,500 and began its decline, YFI moved in tandem and dropped to $18,000. The narrative built throughout the past few months regarding shorting YFI being a higher return way to hedge against BTC downside may actually be one of the main factors behind its strength, as a short squeeze might have caused its…