Category: Price Watch

Bitcoin surpassing $19k led Ethereum, XRP, and altcoins to plunge—what’s next?

The price of Bitcoin surpassed $19,000 on November 24, reaching $19,299 on Binance. As BTC rallied, major alternative cryptocurrencies, including Ethereum and XRP, fell sharply. Whether the trend of profits from altcoins cycling into Bitcoin would continue in the near term remains to be seen. One variable could prevent a broader altcoin market downturn, and…

November 24, 2020
Bitcoin’s “logical” market cap limit (for now) is gold’s $9 trillion valuation: trader

Bitcoin has undergone a strong rally since the lows of September and October. From the mid-October lull at $11,200, the coin has rocketed over 60 percent higher to $18,350 as of this article’s writing. Just a few days ago, BTC was trading just a few percent shy of $19,000 as investors began to flood in…

November 24, 2020
XRP is now up 200% since the start of November, at highest price since mid-2018

XRP has ripped higher over the past few days as the coin finally begins to catch up with Bitcoin and the decentralized finance (DeFi) market. Despite the fact that the coin has not seen ostensible fundamental events, it is roaring higher, pulling no punches in its ascent to the upside. The coin is up over…

November 24, 2020
Today’s the day: the Ethereum 2.0 launch won’t happen soon unless $130m is deposited

All eyes will be on Ethereum over the next 24 hours. The reason: today will decide whether or not the launch of ETH 2.0 (Serenity) will take place by the specified launch date of Dec. 1. For some context, here’s a recap of ETH2: ETH2 is a multi-phased overhaul to the Ethereum blockchain that has…

November 23, 2020
On-chain metrics show where Litecoin might be heading next

Litecoin, the sixth most valuable cryptocurrency in the global market, increased by 30% in the past week. As LTC shows strong momentum, on-chain data points demonstrate both bear and bull cases. The daily price chart of Litecoin with moving averages. Source: LTCUSD on TradingView Researchers at Santiment identified various on-chain indicators that buy the case…

November 23, 2020
Analyst who predicted Bitcoin rally to $18,000 begins to build a short position

Bitcoin has undergone an extremely strong rally over the past few weeks that has brought the coin as high as $18,900. The coin is up around 70 percent in the past five weeks, making it the best-performing macro asset over that time frame. But just weeks ago, few investors thought it would move this high…

November 22, 2020
Golem, one of Ethereum’s first ICOs, just announced its migration to ERC20

Golem announced its token migration earlier this week. The blockchain was one of the first ICOs on Ethereum, raising $8.6 million in 29 minutes and setting the precedent for thousands of other ICOs in the years since. Its token will now change from the current Golem Network Token (GNT) to GLM, an ERC20 compliant Ethereum…

November 21, 2020
Bitcoin’s true rally hasn’t even started yet, volatility analysis shows

Bitcoin is up big-time in the past six weeks: per CryptoSlate market data, the leading cryptocurrency has appreciated by 70 percent. This makes it the world’s best performing macro asset class. Some see this rapid appreciation as a clear sign that Bitcoin will soon see a correction. But, according to a volatility analysis by a…

November 20, 2020
BlackRock exec says Bitcoin is here to stay as BTC blasts past $18.8k

BlackRock’s CIO of fixed income Rick Rieder says Bitcoin is here to stay. On CNBC’s Market Alert, Rieder emphasized the receptivity of millennials to cryptocurrencies. Coincidentally, on Nov. 20, the price of BTC surpassed $18,800 for the first time since 2017. Wow. BlackRock CIO of Fixed Income Rick Rieder talking about Bitcoin replacing gold on…

November 20, 2020
Softbank CEO sold Bitcoin at a $130m loss after getting “too distracted”

Masayoshi Son’s not having the greatest of years in recent times. His storied $50 billion venture fund saw massive losses in 2019, with budding startups WeWork and Uber seeing devaluations of billions of dollars on their mark up prices. But Son’s personal investments didn’t do so well either. As per a new report by Business…

November 20, 2020