BITCOIN JUST BROKE OUT!!! ETHEREUM PRICE 50% CORRECTION TO $700?! Crypto News

BITCOIN JUST BROKE OUT!!! ETHEREUM PRICE 50% CORRECTION TO $700?! Crypto News

BREAKING NEWS!! BITCOIN JUST BROKE OUT AND ETHEREUM WILL FOLLOW VERY SOON! In todays video we do bitcoin price analysis, ethereum price analysis, bitcoin news, ethereum news and altcoin analysis and altcoin news!! Yes that sounds like a lot but i assure you, this is time well spent! Ethereum launch is soon, ethereum price analysis and bitcoin price analysis as well as the altcoin and bitcoin news.

And ofcourse we look at the crypto news and traditional news to assess how that could impact the price of bitcoin in todays bitcoin price analysis, bitcoin price prediction and crypto news! Cryptocurrency News!

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In Todays Educational video i look at the TRADITIONAL FINANCIAL MARKETS, i analyse the PRICE OF BITCOIN, i analyse The DOW JONES INDEX DOWJ and i tell you the BREAKING NEWS STORIES from crypto and the stock market! so if you are interested in bitcoin news, crypto news bitcoin analysis or stock market analysis be sure to SUBSCRIBE!! if you like @Crypto Zombie , ivan on tech, CryptoLark, TheMoon BitBoyCrypto then you should probably SUBSCRIBE!!!

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this is the best bitcoin news with the best bitcoin price analysis on youtube

Source: cryptolearningvideos.com

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Possible Bitcoin Plunge as Elections Near Could Spark Massive Altcoin Rally

Possible Bitcoin Plunge as Elections Near Could Spark Massive Altcoin Rally

Bitcoin’s price action heading into election season has been incredibly positive, with bulls taking full control of its trend as they attempt to push it above its 2019 highs of $13,800.

Each break above this price level has resulted in it seeing strong selling pressure, which could indicate that it will continue struggling to gain momentum as it consolidates below this key level.

The benchmark cryptocurrency’s strength heading into the presidential elections this week has been quite surprising, as it had created significant turbulence within the stock market that had led many investors to expect Bitcoin to see some weakness.

That being said, one analyst is now noting that he expects Bitcoin to put in a temporary top around this price level and potentially begin drifting lower.

He notes that this should provide altcoins with some much-needed momentum that allows them to gain some ground against the benchmark crypto.

Because they have been severely underperforming BTC as of late, smaller digital assets have quite a way to go before they can recapture their market dominance.

At the time of writing, Bitcoin is trading down marginally at its current price of $13,800. This is around the price at which it has been trading throughout the past few days.

Earlier this week, it was able to rally as high as $14,100, which marked a multi-year high. The move to this level was fleeting, as the selling pressure here was intense and rapidly pushed its price back below $13,800.

BTC was able to close the week above this level, which allowed it to post the highest monthly candle close ever.

One analyst is noting that Bitcoin forming a local top at its $14,100 highs could prove to be highly beneficial for altcoins.

“I think bitcoin is putting in a temporary top. Price action to the upside when futures are closed gives me further indication that we’ll see a continued pullback into the election. Hopefully after we’ll see capital go into alts,” he said.

Altcoins have been severely underperforming the benchmark crypto, but it remains unclear what might catalyze a rotation from BTC and into altcoins.

In particular, the DeFi sector has been struck hard by Bitcoin’s uptrend, which means that it could see the largest returns when altcoins begin bouncing back.

Source: icryptodesk.com

Author: admin


Analyst Claims XRP has Room for a 100% Rally as Whales Accumulate

Analyst Claims XRP has Room for a 100% Rally as Whales Accumulate

Bitcoin’s price action as of late has been incredibly bullish, but altcoins like XRP and Ethereum have continued their descents as traders and investors alike both set their sights on the benchmark cryptocurrency.

One trader is now noting that XRP – which is currently trading at multi-year lows against its BTC trading pair – could be on the cusp of seeing some massive upside.

” href=”https://www.newsbtc.com/dictionary/altcoin/” data-wpel-link=”internal”>altcoin could mark an accumulation phase followed by a parabolic move higher.

On-chain data seems to confirm that this is a realistic possibility.

According to one analytics platform, XRP’s whale count has started climbing higher, indicating that some large buyers are beginning to gain exposure to the cryptocurrency.

Despite this trend, the lack of any fundamental shifts in the cryptocurrency’s underlying strength indicates that any immediate price pumps will be fleeting and potentially followed by serious downside.

Until Ripple can direct more utility to the token, it may continue facing some immense inflows of selling pressure with every pump.

At the time of writing, XRP is trading down marginally at its current price of $0.24, which is around where it has been trading throughout the past few days, weeks, and months.

Bulls have been virtually non-existent as of late, unable to spark any sustainable uptrends as it remains caught within a multi-year consolidation phase.

According to the analytics firm Santiment, there have been inflows of new whales to the cryptocurrency, suggesting that a small group of wealthy buyers expects it to see some upside in the near-term.

“Ripple’s whale count has spiked the past 6 months, with many in high-tier brackets of XRP held. Since April, holders with: 100K – 1M: 14,525 to 17,387 whales (+19.7%). 1M – 10M: 1,307 to 1,336 whales (+2.2%). 10M+: 280 to 309 whales (+10.4%)”

Image Courtesy of Santiment.

While sharing his thoughts on where XRP might trend next, one analyst explained that he is watching for a move significantly higher in the days and weeks ahead.

“Expecting one of those scamp pumps on XRP very soon. Definitely room for 100%+,” he said while pointing to the below chart.

Image Courtesy of Livercoin. Source: XRPUSD on TradingView.

Where altcoins like XRP trend in the weeks ahead will undoubtedly depend largely on Bitcoin.

Source: bitcoinslate.com

Author: admin


Yearn.finance (YFI) Plunges Back Toward $10,000 Despite 20% Relief Rally

Yearn.finance (YFI) Plunges Back Toward $10,000 Despite 20% Relief Rally

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin hit multi-week lows of $9,800. The cryptocurrency surged around 20% from $9,800 to $11,900 over the span of eight hours.

But unfortunately for buyers of the cryptocurrency, it has continued to decline. Yearn.finance’s governance token currently trades for $10,500, failing to hold the aforementioned highs despite strength in the Bitcoin price.

YFI currently trades for $10,500, down over 10% from the local highs of $11,900.

Market data suggests that this continued sell-off is a byproduct of futures short selling. Mechanism Capital’s Andrew Kang shared the tweet seen below on October 30th, noting that YFI’s recent downward price action has been predicated on the open interest of Binance’s YFI futures market rising. This indicates that investors may be increasingly shorting the asset, resulting in downward price action.

There were also a number of transactions spotted by investors where early YFI adopters deposited large sums of the cryptocurrency into Binance. It is believed that those coins were sold for fiat, resulting in some of the downward price action we are seeing now.

OI on $YFI at new ATHs, surpassing first capitulation at 12k earlier this month

12k-15k liquidity capitulated into high volume at 10ks (same as first capitulation into 12ks

Sell side orderbooks thin

What happens to shorts on a bounce up? pic.twitter.com/Bc03Vhm2Cn

— Andrew Kang (@Rewkang) October 30, 2020

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin comes in the face of positive fundamental trends. Yields offered by the protocol’s Vaults products have begun to move higher as fresh strategies have been activated. Yearn.finance developers are also expected to roll out Vaults V2 shortly, which should further improve the performance of the protocol and fees accrued to YFI holders.

While YFI may have fundamentals going for it, they may not be enough to stop the cryptocurrency from underperforming relative to Bitcoin.

” href=”https://www.newsbtc.com/dictionary/altcoin/” data-wpel-link=”internal”>altcoin returns:

” href=”https://www.newsbtc.com/dictionary/altcoin/” data-wpel-link=”internal”>altcoin returns:

” href=”https://www.newsbtc.com/dictionary/altcoin/” data-wpel-link=”internal”>altcoin returns:

Analyst Qiao Wang also recently stated that he wouldn’t be surprised to see DeFi coins such as Yearn.finance’s YFI drop further from here.

Source: bitcoinslate.com

Author: admin


Bitcoin is the very best treasury reserve asset humanity’s ever had

Bitcoin is the very best treasury reserve asset humanity’s ever had

On the time of writing this text, round 3.6% of Bitcoin (BTC) is locked up in long-term holdings by institutional buyers. In response to the info, 13 entities have amassed near 600,000 BTC — about 2.85% of all Bitcoins and value roughly $6.9 billion.

The record contains MicroStrategy on the prime, with near 38,250 BTC (about $450 million). The second on the record is Galaxy Digital Holdings with 16,651 BTC (about $198 million). The third, with 4,709 BTC, is the cost firm Sq. Inc., based by Twitter’s CEO Jack Dorsey. Individually, some corporations assist their purchasers spend money on BTC. One such firm is Grayscale Investments by way of its GBTC belief, which holds round 450,000 BTC.

With that said, the quantity of Bitcoin that publicly traded corporations maintain as a reserve is a tiny fraction of the company treasuries all over the world. Certainly, the precise amount of money held in reserves is within the trillions of U.S. {dollars}. However contemplate this: 9 corporations within the S&P 500 are sitting on near $600 billion in money and short-term investments, and if simply 5% (or $30 billion) of that quantity is transformed into Bitcoin, the worth may simply improve fivefold.

In fact, there may be the query of the place to put Bitcoin in firm funding portfolios. The most definitely class is “various funding.” The necessity to strike a stability between conventional and various investments would possibly cut back the urge for food the market may need for the cryptocurrency.

However, the potential demand continues to be large. As talked about in a latest report by Constancy, the choice funding market grew to $13.Four trillion by the tip of 2018, and little or no of it was in Bitcoin. It would take changing as little as 5% of that to see the Bitcoin worth moon.

Some funding companies have chosen to create completely separate holding corporations for Bitcoin and different crypto property. For instance, Stone Ridge launched New York Digital Funding Group, which in the present day has over $1 billion price of crypto.

To know this phenomenon higher, I lately had an enlightening chat with Michael Saylor, the founding father of MicroStrategy. Specifically, I discovered his choose of 100 years as the bottom on which to measure the success or failure of a reserve asset very fascinating.

In fact, most corporations are based with the expectation that they will be round for fairly a while — centuries, ideally. Even for people, it nonetheless is smart to have a look at how investments would possibly change over 100 years, as an individual would possibly amass wealth supposed for heirs and even causes which can be near the guts, resembling local weather change. As Michael Saylor stated:

“A wonderful method to consider any funding is to take $100 million and transfer it ahead 100 years and ask the query what occurs. If I had $100 million price of forex in any of the biggest cities of the world within the yr 1900, and I went ahead for 100 years, and I put the cash into the very best financial institution within the metropolis, I’ve two kinds of dangers; counterparty dangers and inflation threat. Concerning counterparty threat, each main financial institution in each main metropolis all over the world failed in 100 years. And that could be a 90% chance you lose the whole lot.”

In fact, the obvious weak spot to identify when contemplating the efficiency of any reserve asset in 100 years is inflation. Out of all asset sorts, fiat forex experiences essentially the most inflation over time. For instance, what $5 may purchase within the 1920s is excess of what it will possibly in 2020. In response to a web site that collects and processes authorities knowledge for the good thing about the general public, the U.S. greenback loses near 2% of its buying energy yearly.

Whereas actual property would possibly appear to be an awesome asset to carry as a reserve for the long run, it’s prone to shedding worth by way of issues like taxes. Extra importantly, although, actual property faces dangers that include modifications in regulation or public governance. Within the span of 100 years, it’s extremely probably {that a} authorities that respects personal property possession is changed with one that doesn’t. This has already occurred a number of occasions all over the world within the final century.

In the meantime, shares additionally face dangers of poor administration and regulation modifications. Michael Saylor gave the instance of energy and water utilities, industries wherein extremely profitable corporations have change into nationalized. We can’t say with conviction that within the subsequent 100 years, web service suppliers, for instance, aren’t going to be was public utilities.

Even gold and different treasured metals run into points once you have a look at them by way of 100 years. Whereas they respect over time, the logistics of holding them could be hectic. You could possibly use third-party storage companies resembling business banks, however historical past has taught us that gold can get misplaced even there, particularly throughout wartime or political upheavals resembling revolutions. This has additionally occurred a number of occasions within the final century. Throughout World Warfare II, giant plenty of gold had been stolen by each state and non-state actors. Equally, through the Soviet revolution, plenty of privately owned gold was seized by the incoming authorities.

As for now, Bitcoin has no counterparty dangers. In different phrases, we don’t have to fret that the actions of a 3rd social gathering are going to result in a major lack of the asset’s worth. It’s also shielded from dangers which may come from regulation or excessive change in authorities coverage. The holders of Bitcoin are at all times going to be in full management of it.

As a peer-to-peer community, the Bitcoin platform offers holders of the asset a degree of management that bypasses regulation or the usage of state pressure. In the meantime, we’re virtually assured that its worth will proceed rising through the years, as the availability is set and the emission fee of latest models halves each 4 years.

The autonomy and growing shortage of Bitcoin is most definitely going to drive its worth up over time, and it could come as no shock in 100 years to see its worth significantly increased than the place it’s in the present day.

This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, readers ought to conduct their very own analysis when making a choice.

The views, ideas and opinions expressed listed here are the writer’s alone and don’t essentially mirror or signify the views and opinions of Cointelegraph.

Constantin Kogan is managing director at Wave Monetary Group and a associate at BitBull Capital. He has been a cryptocurrency investor since 2012. He has over 10 years of expertise in company management, expertise and finance. He contributes to the digital asset area in addition to the sharing and worth economies.

Source: bitcoinflashnews.com


BITCOIN JUST BROKE OUT!!! ETHEREUM PRICE 50% CORRECTION TO $700?! Crypto News


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