Bitcoin’s Price Value Eyes More Gains
Over the past 48 hours, bitcoin’s fiat value has risen exponentially with the price on a ramp towards US$800 per BTC. Currently, at press time the price is averaging $745. If it reaches $790, it will peak past this summer’s high before the Bitfinex hack. Bitcoin Price Value Bumps Push Upwards. On November 17 bitcoin touched $750, making the total bitcoin....
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Since bitcoin’s significant price rise, altcoins have been brushed off to the side as bitcoin’s dominance climbed to 87.4 percent. Altcoin interest has waned as each alternative digital asset has lost market capitalization over the past two months. There are various reasons. All Eyes Focused on Bitcoin. Let’s face it: all eyes are on bitcoin’s price....
Bitcoin's six-day run of gains has shifted the focus to psychological hurdle of $12,000. Some analysts are looking even higher.
Bitcoin’s recent price gains have spread to other cryptocurrencies and altcoins, according to Charles Hayter, chief executive officer and founder of CryptoCompare, which provides data on cryptocurrencies, MarketWatch reported. Ark Invest and Ethereum have been among the winners. Chris Burniske, a blockchain analyst and product lead at ARK Invest, said bitcoin’s gains, driven by the fall of the Chinese yuan, are filtering into the broader market as bitcoin traders look to reinvest their profits. Cryptocurrency investors typically put profits in other cryptocurrencies rather than fiat....
Crypto analyst ProjectSyndicate has made a bullish case for the XRP price, which he predicts could record 40% gains soon enough. The analyst also revealed the price level, which he believes is ideal for market participants to buy and hold XRP. XRP Price Eyes 40% Gains As Analyst Reveals Key Level In a TradingView post, ProjectSyndicate predicted that the XRP price could witness a 40% move to the upside soon enough. This came following his analysis of XRP’s 4-hour chart. He noted that the outlook remains bullish despite the current pullback in progress. The analyst added that buying low is....
Ethereum extended increase above the $3,050 resistance against the US Dollar. ETH price even climbed above $3,150 and might attempt a break above $3,200. Ethereum gained pace and was able to clear the $3,120 resistance. The price is now trading above $3,050 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend increase if stays above the $3,000 support zone. Ethereum Price Eyes More Gains Ethereum remained well supported above the $3,000 level and the 100....