Day: November 27, 2020

17K BITCOIN, are we there yet?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 17K Bitcoin, are you there yet?!!! Bites and Pieces of News and Global Updates, Plus, Chart Reading & Analysis. #HealthyMinds #Bitcoin #Cryptocurrency #HyperInflation #ATH Quick Update of the Market. You can visit our blogs @steemit for the complete details of the count. Support the Channel! A. Blogs: B. Facebook: C. Cryptocurrency Dividends: 📲 Celsius Network using my referral code 1179968b66 when signing up and earn $20 in BTC with your first transfer of $200 or more! #UnbankYourself (Mobile Phone) 📲 BLOCKFI Wallet,…

Institutional money may propel Bitcoin to $250K in one year’s time, says macro investor

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Bitcoin may hit $150,000 by November 2021, according to Raoul Pal, founder and CEO of Global Macro Investor and Real Vision — and that would be the most conservative scenario. Pal believes that Bitcoin could even reach $250,000 due to the large amount of institutional money currently flowing into the Bitcoin market. That is what, according to Pal, makes the latest Bitcoin rally fundamentally different from 2017’s crypto bubble, which is believed to have been driven mainly by retail investors. According to Pal, most of Bitcoin’s additional supply is currently…

Bitcoin whale clusters show these are the strong support levels

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Since topping out at $19,484, Bitcoin price has struggled to reclaim the $17,000-$18,000 level. As the price continues to decline, traders are targeting key underlying support levels to determine where traders will buy if BTC price continues to fall. The immediate support levels based on whale clusters are $16,694, $16,411, and $16,064. Below the $16,000 support, $15,355, $14,914, and $13,740 that could serve as macro support areas. Whale clusters form when whales accumulate BTC and do not move their recently acquired funds. The clusters also indicate where whales last bought,…

Ukrainian government sponsors educational web show about cryptocurrencies

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The Ukrainian Ministry of Digital Transformation released a web series to educate citizens about cryptocurrencies, blockchain and Bitcoin (BTC). The show premiered on Wednesday and was developed in collaboration with Binance, Hacken and Crystal Blockchain as part of the Ukrainian government’s “Diia.Digital Education” program. The show consists of eight episodes of six to 12 minutes each that explain the basic concepts of cryptocurrency and blockchain. The show is hosted by Andriy Onistrat, an entrepreneur and former banker, who interviews guests working in the blockchain industry. The first episode, available on…

Bitcoin And Crypto Black Friday 2020 Deals And Discounts

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Today is the day after Thanksgiving in the United States, also known as Black Friday – a day when retailers everywhere offer the year’s best deals and discounts. The day is no different in the world of crypto, and those interested in Bitcoin and other altcoins can take advantage of the savings and stock up on some key items on the cheap. We’re outlining some of the best discounts and deals crypto-related companies are offering this year when money is the tightest and savings are needed the most. Bitcoin And…

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Nouriel Roubini Slams Bitcoin After Initially Calling It a Partial Store of Value

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Dr. Nouriel Roubini, a notorious Bitcoin critic, and economic analyst has yet again cautioned institutions and retailers against investing in the digital currency. He cited the recent drop in the price of the coin and the fact that it is too volatile to be useful as a store of value. However, this statement appears contradictory to what he initially said about Bitcoin earlier this month. Nouriel Says Bitcoin has no Store of Value The NYU professor had claimed that Bitcoin has no intrinsic value since it is not backed by…

CME overtakes OKEx as largest Bitcoin futures market

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CME Group has become the world’s largest Bitcoin (BTC) futures market following a surge in open interest over the past month, industry data shows.  In a Friday tweet, Arcane Research announced that CME had overtaken OKEx as the world’s largest Bitcoin futures market. Citing data from Skew, a market intelligence firm, Arcane said open interest in CME’s Bitcoin futures contract has reached $1.16 billion. OKEx, meanwhile, registered $1.07 billion. “Institutional investors are here,” Arcane said. CME’s Bitcoin futures market has more than doubled over the past month, with more traders…

Price analysis 11/27: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, XLM, BNB

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Bitcoin’s recent correction is healthy, but several altcoins have lost momentum and could remain range-bound for a few days. Bitcoin’s (BTC) rise above $20,000 will have to wait as the price saw a strong correction which and turned away from reaching a new all-time high. Data suggests that whales decided to book profits when Bitcoin was close to $19,000 and this pulled the price lower. This fall could have resulted in the liquidation of overleveraged positions in the futures market and further aggravated the decline. The current correction is a…

Bitcoin’s Carnivore Cult Is Both Stupid and Correct

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This entire article is Saifedean’s fault.  Saifedean Ammous, author of “The Bitcoin Standard,” kept heaping steak tartare onto my plate at a Bitcoin meetup back in August 2018, in between jokes about liberal plebs.   As the youngest woman in the room, per usual, I wanted acceptance from the Bitcoin clan. Despite nearly a decade of (fickle) vegetarianism, I accepted the author’s meat offerings in exchange for an off-the-record interview. I torpedoed questions his way between bites. Ammous told me last week, via direct message, that he couldn’t remember if that…