Ethereum (ETH) Flirts With Key Resistance, Bitcoin Up 3%

Ethereum is slowly rising and it is trading above the $146 support area against the US Dollar. The price is facing a few strong resistances near $148, $150 and $152. There is a key contracting triangle forming with resistance near $148 on the hourly chart of ETH/USD (data feed via Kraken). The price could continue to rise towards the main $152 resistance in the near term. Ethereum price is approaching important hurdles versus the US Dollar and bitcoin. ETH price must settle above $152 to continue higher in the near…

The Politics of Destruction – Bitcoin News

For some time now, I have been aware of a widespread fascination among many libertarians with Jim Bell’s “Assassination Politics” (AP). At my request, Robert Vroman has defended the merits of AP. In this article, I will argue that AP is just about the single worst idea that libertarians could advocate. Despite my misgivings, I thank Vroman for his article, so that AP sympathizers may be reassured that I am not attacking a strawman. **This following article is an opinion piece written by the economist and libertarian author Robert Murphy.…

The Politics of Destruction – Bitcoin News

For some time now, I have been aware of a widespread fascination among many libertarians with Jim Bell’s “Assassination Politics” (AP). At my request, Robert Vroman has defended the merits of AP. In this article, I will argue that AP is just about the single worst idea that libertarians could advocate. Despite my misgivings, I thank Vroman for his article, so that AP sympathizers may be reassured that I am not attacking a strawman. **This following article is an opinion piece written by the economist and libertarian author Robert Murphy.…

Crypto Market Flips Green — But Is Bitcoin Ready to Retest $8,000?

On Dec. 4, Bitcoin (BTC) unexpectedly rallied hard from $7,080 and over the next 5 hours the digital asset had moved 9.92% to trade for $7,788. The strong surge briefly broke the pattern of lower highs lower lows. But by the end of the day, the price had retraced back to $7,100.  Crypto market weekly performance. Source: Coin360 Bitcoin price slowed down as it met resistance at $7,800 and was unable to set a higher high above $8,000. Traders will note the high volume nodes of the volume profile visible…

Bitcoin Recovers from Below $7.2K After Schiff Says ‘Game Is Over’

Thursday, Dec. 5 — cryptocurrency markets have continued to trade sideways, with 18 of the top 20 coins by market cap seeing notable losses at press time. After Bitcoin (BTC) attempted another recovery yesterday to break above $7,500, the biggest cryptocurrency has dipped below the $7,200 threshold again today. Among the few coins that report some green at the time of this writing, Unus Sed Leo (LEO) is seeing the biggest growth, up 0.4%. In contrast, Algorand (ALGO), is seeing the biggest losses among the top 20, down more than…

Almost $9 Billion of Bitcoin Moved On-Chain in 1 Hour: Record

On Dec. 4, $8.9 billion in Bitcoin (BTC) were moved on the blockchain in a single hour, excluding change volume, which is Bitcoin that returns to the sender. Bitcoin’s high transaction volume was pointed out by Rafael Schultze-Kraft, the co-founder of on-chain market intelligence firm Glassnode. In a tweet on Dec. 4, he claimed that such a high hourly transaction value was a first for the network: “It’s the highest hourly USD transaction volume in Bitcoin’s history.” Bitcoin hourly on-chain transaction volume in U.S. dollars. Source: tweet Bittrex is responsible…

Bitcoin Price & Technical Analysis: BTC Stopped Falling But for How Long?

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of BTC/USD Bitcoins worth 313 million USD were withdrawn through Bittrex. The SIX platform has added a derivative on the BTC On W1, the Bitcoin continues the descending tendency inside the previous channel and has already reached 61.8% fibo. The next downside target may be 76.0% fibo at $5710.00 and the long-term low at $3121.90. the resistance is close to 38.2% fibo at $9760.00. On the MACD and Stochastic, the MACD histogram remains in the red area, while the second indicator,…

Bitcoin Forex Brokers: Things You Should Know

Nowadays, everyone knows what Bitcoin is. In fact, more and more people learn about cryptocurrencies overall – and not only about the biggest one out there. As a result, many individuals want to take advantage of this new type of currency. Even if cryptocurrencies have been here for a while, people only now understand how beneficial they can be to their finances, especially in terms of trading. Therefore, they started looking for forex brokers that trade in Bitcoin as well. However, there are a couple of things that you should…

Bitcoin Sets New $9 Billion Record for Hourly Transaction Volume

Yesterday, December 4, turned out to be a very interesting day for Bitcoin as the network broke a new record and hit its biggest hourly USD transaction volume in all of Bitcoin’s existence. An increase in the volume of transactions on any network is usually regarded as a big deal because more often than not, it shows that there is some progress with adoption. However, this case is very different. The news was made known in a tweet by Rafael Schultze-Kraft, the cofounder of on-chain market platform, Glassnode. According to Rafael’s tweet,…