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“# Bitcoin price has now only been higher one day in history ” Bitcoin (BTC) is currently having its second-highest trading day ever as BTC/USD hitting a new multi-year high of $19,330. Data from Cointelegraph Markets and TradingView provided a cause for celebration on Nov. 24 after Bitcoin suddenly tackled $19,000 resistance. BTC price sees…
“# Bitcoin price now eyeing $20K after XRP shocked the crypto market ” The price of Bitcoin (BTC) surpassed $19,000 on Nov. 24 for the first time in nearly three years. It followed an XRP flash crash on Coinbase, which trembled the crypto market. The two incidents could be entirely coincidental. Although considering that BTC…
“# Key Bitcoin and Ethereum options metrics show traders are wildly bullish ” In the last few days, Bitcoin (BTC) price has underperformed Ether (ETH) by almost 20%. Even though BTC seems to be struggling to break the $18,800 barrier, both cryptocurrencies display the same bullishness according to derivatives markets data. BTC/USD and ETH/USD at…
“# 3 reasons Ethereum’s momentum is only accelerating as ETH nears $600 ” Alongside the high anticipation for Ethereum 2.0, the high time frame breakout and daily gas usage on Ethereum remain key positive factors. Eth2 momentum accelerates in correlation with price The Eth2 mainnet will launch when the number of Ether (ETH) staked in…
“# Bitcoin price dips below $18K — Time to watch these ‘whale cluster’ support zones ” Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: Tradingview Data suggests that the growing institutional demand was…
“# Key Bitcoin price metric shows pro traders are nervous about $19K BTC ” This week Bitcoin (BTC) price rallied to a new 3 year high at $18,965, leading investors to believe a new all-time high above $20,000 is on the cards. While these are exciting times, data does show that some professional investors feel…
“# XRP price soars 50% in one week to new yearly high — Watch these levels next ” Bitcoin (BTC) has been taking the spotlight in recent months, but altcoins have started to finally follow the number one cryptocurrency. Several large caps have been making double digits runs in the previous days, resulting in a…
“# 4 metrics suggest Bitcoin price will correct — But can BTC hit $20K first? ” A pullback in the price of Bitcoin (BTC) is likely, based on several on-chain data points, namely the Spent Output Profit Ratio (SOPR) indicator, stablecoin inflows, stacked sell orders at $19,000, and the Crypto and Fear Index. However, the…
“# Corporate Bitcoin frenzy: companies now hold $15.3 billion in BTC ” As of Nov. 20, companies hold around 842,229 BTC or 4.54% of today’s Bitcoin (BTC) supply, according to the Clark Moody dashboard and data from Bitcointreasuries.org. This is equivalent to a staggering $15.3 billion at the current price of $18,200. Public companies and institutional…
“# Bitcoin rally set to continue after BTC whales build buy walls near $17.2K ” According to analysis from Edward Morra, a popular Bitcoin trader, Coinbase and Bitfinex exchange now have major buy orders above $17,200. The emergence of major buy walls is important because on Nov. 18, BTC flash crashed to around $17,222. This…