Thursday, October 29, 2020

Bitcoin News

Bitcoin runs crypto markets, but DeFi tokens don’t follow its lead

Decentralized exchanges have been around for a while now, but it’s only been since the grip of decentralized finance mania has taken hold that...

Crypto banks are going to swallow fiat banks in 3 years — or even less

Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access...

$12K Bitcoin price back on the table after BTC rallies above $11.4K

On Friday Bitcoin (BTC) price finally managed to break above the symmetrical triangle where the price had been compressing for the last 30 days....

Market Wrap: Bitcoin Tops $11.1K; Ether Traders Like $400 Options

Bitcoin is making gains Friday while ether options traders on the Deribit exchange love $400 strikes.Bitcoin (BTC) trading around $10,050 as of 20:00 UTC...

Bloomberg: Biden election would be good for Bitcoin, bad for DeFi

The latest Bloomberg crypto newsletter contends that the election of Joe Biden would bring greater mainstream adoption of Bitcoin (BTC), including a potential ETF...

How will the US presidential election affect the price of Bitcoin?

As the 2020 U.S. presidential election draws near, two crypto traders on Twitter shared their predictions for how Bitcoin's price could react to the...

Bitcoin price breaks $11K, crypto traders optimistic about BTC’s action

The price of Bitcoin (BTC) has seen a recovery during the past week, surging by nearly 6.5% since Oct. 2. The resilience of the...

Trump vs. Biden: $4K gold target as Brandt eyes Bitcoin ‘big buy signal’

Gold will gain regardless of whether Donald Trump or Joe Biden wins the election, one analyst says as Bitcoin (BTC) targets $11,000.In an interview...

3 key indicators suggest Bitcoin price is preparing to retest $11,000

The price of Bitcoin (BTC) is nearing $11,000 once again after a shaky start to October. Last week BTC fell below $10,500 but on...

A researcher debunks Stock-to-Flow model, likens Bitcoin to a ‘tech stock’

A report authored by the research team of ByteTree purports to debunk one of the most popular Bitcoin (BTC) valuation models — Stock-to-Flow. The...

Bitcoin price fundamentals in ‘moon mode’ as BTC held on exchanges drops

Despite an uneventful month for Bitcoin (BTC) price, on-chain metrics suggest that Bitcoin may be gearing for an imminent bull run. Noticeably, the number...

Jack Dorsey’s Square adds 4,709 Bitcoin to its balance sheet

In a surprise move, Square announced the acquisition of 4,709 Bitcoin (BTC) worth roughly $50 million at time of publication. The company’s co-founder Jack...