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CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News
Since then, BTC has rebounded after hitting those lows. Ethereum rose too, with the coin up about 10% from daily lows, climbing from $ 515 lows to $ 570.
As Ethereum is setting new highs since the beginning of the year as Bitcoin stagnates and tries to consolidate, this seems to indicate that capital is switching from BTC to altcoins.
Bitcoin Trades Below 100 SMA, Why BTC Might Face Short Term Falls
The bitcoin price was unable to continue to rise above $ 18,800 and corrected lower against the US dollar.
Bitcoin price has fluctuated below the $ 18,200 and $ 18,000 levels several times. BTC traded close to the $ 17,500 support area before a new rally occurred.
However, the price struggled to gain momentum and appears to have encountered strong resistance around the $ 18,700 and $ 18,800 levels. The last swing high was around $ 18,700 before the price dropped below $ 18,200. It traded at just $ 17,991 and dipped below the 100-hour simple moving average.
As a competitor to YFI, Pickle Finance used $ 20 million worth of Ethereum stablecoins
An unknown attacker managed to withdraw $ 20 million from an Ethereum-based profitability aggregator.
Ripple price bounced back at $ 0.5 after a significant rise, what’s next with XRP?
Ripple broke the $ 0.5 barrier but appears to have gained support at $ 0.45.
The cross-border token flashed over the weekend in a series of engulfing candles. During trading last week, the critical barrier was $ 0.31. The XRP dollar was forced to find a balance at $ 0.28 before the uptrend resumed.
The rebound above $ 0.31 happened concurrently with Ethereum’s break above $ 500 to $ 600. XRP rallied impressively to just under $ 0.5. However, buyers lost steam as momentum slowed allowing sellers to return to the market.
XRP is hovering at $ 0.46 after a slight pullback from its recent high.
Ripple Price
Pantera thinks market growth is driven by PayPal purchases
PayPal’s recent leap into the cryptocurrency market is helping to fuel the current Bitcoin rally, Pantera said.
Pantera claims PayPal is already buying nearly 70% of the new Bitcoin supply. According to Pantera, over 100% of all recently issued bitcoins are counted along with the routine bitcoin buying in the Square Cash App.
The Bitcoin network releases new BTCs on a fixed and predetermined schedule. Only 6.25 new BTC are mined every 10 minutes after being “cut in half” this year, and this amount will continue to decline every four years until all 21 million BTC are in circulation.
Pantherra’s thesis focuses on understanding the bitcoin market in terms of supply. The idea is that as the supply of BTC decreases due to declining mining rewards, demand naturally increases, leading to higher prices.
Pantera on stimulating BTC rally
The Digital Asset Exchange and Crypto.com app have officially announced that Canadian citizens can now apply for its Visa cards. The new cards are slated to begin shipping in January next year. The country is the most recent addition to the list of locations where the cryptocurrency exchange card will be available. The latest release will follow launches in Singapore in October 2018, in the US in July 2019, and in Europe in April 2020.
According to the official publication, the new Visa card will have no annual or monthly fees. Cash withdrawals from ATMs will also be free of fees and commissions for foreign transactions. The card will offer a discount for digital channels like Netflix, Amazon Prime and Spotify. This will allow selected card tiers to access the airport lounge and instantly refund up to 8% of CRO rewards.
Crypto.com Launches Visa Cards for Canadians
Ethereum 2.0 has reached a major milestone
Ethereum 2.0 deposit contract address has reached half of its goal, but it’s too late to prevent delay
The escrow address for Ethereum 2.0 has reached 50 percent of its target, a milestone for the highly anticipated second largest blockchain update.
The total balance was $ 170 million, Etherscan data shows.
The deposit agreement was officially launched on November 4 with great fanfare.
Ethereum co-founder Vitalik Buterin himself deposited 3200 ETH shortly after the contract was signed.
Most ETH betting comes from just three whale addresses, according to Viktor Bunin of Bison Trails.
Ethereum 2.0 has reached a major milestone
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