Thursday, December 3Your Daily Bitcoin & Altcoin News Portal

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Decred (DCR) Surges 50%, Outperforming DeFi Coins and 2017-Era Alts

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Please share if you find this article interesting. Decred (DCR) Surges 50%, Outperforming DeFi Coins and 2017-Era Alts Decred (DCR) has surged seriously higher over the past day. According to Coin Gecko, a top data source in crypto, the price of the coin is up 50% in the past 24 hours. The coin is currently trading at its highest price since the 2018 crash in November of that year. DCR is up over 250% from its multi-month low near $11 a number of weeks ago in October. Decred is the best performing top 100 digital asset of the past 24 hours. It is strongly outpacing Bitcoin, which is up 2% in the past 24 hours and ETH, up 0.3% over that same time frame. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza! Play Now! Related Reading: ...
Bitcoin Indicator Reaches Historical Extreme: Price Sheds Two Thirds Upon Reversal

Bitcoin Indicator Reaches Historical Extreme: Price Sheds Two Thirds Upon Reversal

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Please share if you find this article interesting. Bitcoin Indicator Reaches Historical Extreme: Price Sheds Two Thirds Upon Reversal Bitcoin price this week reached a high of $19,500, following a six-week, 60% rally. From the moment the first-ever cryptocurrency made it above $12,000, on 3-day timeframes, there were twelve consecutive green candle closes without any red. The extreme bullish impulse caused one specific technical indicator to reach the highest reading in history – reached only three times prior, all before 2014. Each time, an average correction shaving two-thirds off Bitcoin’s price took place after momentum finally turned downward. Will a historic selloff follow this previously unstoppable rally? Bitcoin Price Corrects Hard Following Failed Retest Of All-Time Hig

Crypto Market Analysis: 9th November 2020

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Please share if you find this article interesting. Crypto Market Analysis: 9th November 2020 Bitcoin continues to be buoyed by positive price action, hitting a high of $15,800 on Friday. Altcoins started off the week on a downward trend but eventually managed a strong turnaround. And indices in the US saw some upward trajectories as markets digested the US election outcome after the uncertainty following polling day. Simon Peters, analyst, eToro: Bitcoin blisters amid reiterations of bullishness  Last week, we waxed lyrical about the positive price action, and bitcoin’s determined thrust upwards has continued. Hitting a high of $15,869 on Friday, investors have clearly been positive on the cryptoasset. Reloads and free spins available every day, for every player, in mBitcasino C

Crypto Market Analysis: 2nd November 2020

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Please share if you find this article interesting. Crypto Market Analysis: 2nd November 2020 Global markets tumbled midweek as continued fears of further coronavirus lockdowns rattled investors. Contrastingly, bitcoin made a dramatic surge towards $14,000 before dipping back down to $13,000. Towards the end of last week, we saw another push upwards, briefly breaching the $14,000 level. Simon Peters, analyst, eToro: Bitcoin rises as analysts run out of superlatives  Last week saw bitcoin continue to blister through the $13,000 level, even touching $14,000 before dipping again. Despite these fluctuations in movement and the rapid dip following the rapid rise, I am happy with where we currently stand. It has been 12 years since Satoshi Nakamoto released their white paper on the worl
Analysis: Bitcoin Retains US Stock Correlation Following Latest Sell-off

Analysis: Bitcoin Retains US Stock Correlation Following Latest Sell-off

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Please share if you find this article interesting. Analysis: Bitcoin Retains US Stock Correlation Following Latest Sell-off Bitcoin fell Wednesday, almost alongside the US stock futures, as a rising number of coronavirus cases sent investors to the safety of the US dollar and Treasuries. The benchmark cryptocurrency dropped 3.5 percent ahead of the New York opening bell. Its move downside came as a price correction that followed a 23 percent rally, suggesting that traders with short-term market outlook were locking their profits. The Bitcoin’s price depreciation also brought the cryptocurrency back in sync with the US stocks. Futures tied to the S&P 500 plunged 1.5 percent in the pre-trading session Wednesday. The sell-off sentiment also impacted safe-haven gold, which slipped 1.

Crypto Market Analysis: 26th October 2020

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Please share if you find this article interesting. Crypto Market Analysis: 26th October 2020 In a week where equity markets have stagnated, bitcoin bucked the trend as it pushed through the $12,000 resistance level, as well as touching and seeing some resistance at $13,000. Altcoins were buoyed by bitcoin’s rise, with ethereum, XRP, litecoin and chainlink all showing upward trajectories too. Simon Peters, analyst, eToro: Bitcoin blasts through $12,000 barrier  Bitcoin price action has dominated attention in the last week, rapidly reaching year to date highs. It approached and then subsequently smashed through the much-feted $12,000 mark with such strong momentum, there is every chance the cryptoasset could just push right on through to $14,000. 14 BTC & 95,000 Free Spins for eve

“Holy Cow”: Industry Reacts to Bullish Bitcoin Analysis by JP Morgan

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Please share if you find this article interesting. “Holy Cow”: Industry Reacts to Bullish Bitcoin Analysis by JP Morgan Bitcoin has seen a strong uptick in institutional adoption over recent weeks and months amid the worst economic trends in many decades. Wall Street analysts think that the asset may act as a hedge against the U.S. dollar dropping and other geopolitical and macro trends. JP Morgan made this much clear when the firm released a commentary on this nascent market. The prominent Wall Street firm commented that Bitcoin could rally multiples higher if it manages to crowd out gold to some extent. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Commentary By JP Morgan Makes Rounds On Friday and Saturday, a report from JP Morgan made the rou

Crypto Market Analysis: 19th October 2020

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Please share if you find this article interesting. Crypto Market Analysis: 19th October 2020 The S&P 500 rose at the start of last week, shrugging off the tail end of the previous week, and remained at a solid level until Friday to finish the week on 3.482. Contrastingly, the European and UK equity markets struggled, seeing a dip on Thursday as markets digested the impending and increasing coronavirus lockdown restrictions. Bitcoin made modest gains, whilst remaining steady as it sat above the $11,000 level. Many of the larger market cap altcoins performed well too, with some, such as Bitcoin Cash and Cardano, posting double-digit gains over seven days. Bitcoin approaching 2019 levels – but the environment has evolved  It is pleasing to see Bitcoin hit $11,000, especially given t

OKEx’s OKB Crypto Slides Another 20% as Fears Around Exchange Fester

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Please share if you find this article interesting. OKEx’s OKB Crypto Slides Another 20% as Fears Around Exchange Fester Earlier this week, it was revealed that OKEx had frozen all crypto withdrawals from its platform over concerns about a private key holder. OKEx is a leading crypto-asset exchange that processes a material percentage of the spot and futures volume in the industry. OKEx said that one of its private key holders was working with a public security bureau. He had been out of contact since he started working with the bureau, so they could not process withdrawals. As a result of this news, the price of OKEx’s native OKB coin slid. The coin fell around 10% in the hour after this news was released. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic

Prominent ICO Filecoin (FIL) Dives 30% as Short Exposure Explodes

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Please share if you find this article interesting. Prominent ICO Filecoin (FIL) Dives 30% as Short Exposure Explodes Yesterday, after years of waiting, Filecoin (FIL) finally launched, Funded by legendary venture capital companies like Sequoia Capital, Andreessen Horowitz, and Union Square Ventures, the project is a blockchain-based data storage and data recovery network. Users can pay FIL to store their files on secure storage miners, which facilitate the network. The project, like many other hyped-up coins, launched at absurd valuations. The cryptocurrency quickly spiked above $100 on the exchanges that supported it, meaning it had a fully-diluted market capitalization in excess of $200 billion — yes $200 billion. Filecoin has begun to crash as investors have realized that it m