Bitcoin – Crypto Profit Bot

First Mover: Monero Leads Privacy-Coin Rally as Bitcoin Trips on Path to $12K

October 20, 2020

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Oct 20, 2020 at 13:00 UTCUpdated Oct 20, 2020 at 13:27 UTC Privacy is the attribute that cryptocurrency traders are buying in latest digital-token rally. (Creative Commons, modified by CoinDesk) First Mover: Monero Leads Privacy-Coin Rally as Bitcoin Trips on Path to $12K Bitcoin (BTC) was gaining for a fourth straight day, approaching the $12,000 […]

Bitcoin price nears final hurdle at $12K before bull market euphoria

October 20, 2020

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The price of Bitcoin (BTC) had to hold the crucial support level between $11,100-11,300, and it did. After this support test, the price of BTC continued to surge upward on Oct. 20, reaching the crucial resistance area between $11,900-12,200. This upward move came along with weakness in the dollar, as the U.S. Dollar Currency Index […]

Bitcoin Closes on $12K but a Wall of Sell Orders Awaits: Analyst

October 20, 2020

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Oct 20, 2020 at 11:21 UTCUpdated Oct 20, 2020 at 11:23 UTC Bitcoin prices Oct. 20(CoinDesk BPI) Bitcoin is on the rise toward $12,000, but may face a stiff challenge to cross the price hurdle. The leading cryptocurrency by market value is currently trading near $11,900, a 1.2% gain on the day. Prices broke out […]

Bitcoin trading dominance hits 2017-levels not seen since $20,000 BTC

October 20, 2020

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The cryptocurrency market has suddenly shifted back to Bitcoin (BTC) after several months of a decentralized finance (DeFi) frenzy. While market cap dominance remains below 60%, earlier this month, the trading dominance of BTC has spiked to levels not seen since 2017 when the price hit an all-time high at $20,000. The trading dominance of […]

First Mover: ‘Blue Wave’ in US Senate Could Mean Flood of Stimulus for Bitcoin

October 19, 2020

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Oct 19, 2020 at 12:53 UTCUpdated Oct 19, 2020 at 13:38 UTC Wall Street analysts say a Democratic takeover of the U.S. Senate in a “blue wave” could mean looser fiscal policy. (Katsushika Hokusai/Metropolitan Museum of Art, modified by CoinDesk) First Mover: ‘Blue Wave’ in US Senate Could Mean Flood of Stimulus for Bitcoin Bitcoin […]

Ethereum can rise to $800 in 2020 if this bull ‘mini-cycle’ repeats

October 19, 2020

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Markets tend to behave in massive cycles. One of those cycles is the previous Bitcoin (BTC) price cycle from 2014 to 2017. However, within those cycles, are multiple smaller cycles that could often repeat. A similar approach and analysis can be made for Ethereum’s Ether (ETH), which is outperforming BTC year-to-date, as the majority of […]

‘Boring’ Bitcoin Market Sends Miners’ Fee Earnings to 3-Month Low

October 19, 2020

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Oct 19, 2020 at 11:30 UTCUpdated Oct 19, 2020 at 14:01 UTC ‘Boring’ Bitcoin Market Sends Miners’ Fee Earnings to 3-Month Low Bitcoin’s (BTC) on-chain transaction activity has cooled amid the recent lull in price action, and that’s hurting miners’ earnings. The cryptocurrency’s blockchain processed 231,437 transactions on Oct. 18, the lowest since May 24, […]

‘Still so early’ — 7% of Americans have bought Bitcoin, study finds

October 19, 2020

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According to new data from Statista, only 7% of Americans have previously used Bitcoin (BTC). This means current investors in BTC are still in an early stage of growth. Dan Tapiero, the co-founder of 10T Holdings, said Bitcoin is still at the “birth” phase of a new asset class. He wrote: “It’s still so early […]

Record fundamentals and a $12K pump: 5 Bitcoin price tips this week

October 19, 2020

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Bitcoin (BTC) starts a new week in familiar territory as markets move into the United States’ 2020 elections — where could it go next? Cointelegraph takes a look at five factors that could influence BTC price action in the week ahead. U.S. macro: Elections vs. stimulus The U.S. is the firm focal point when it […]

Will the dollar’s weakness result in Bitcoin finally breaking $12,000?

October 17, 2020

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Historically, a weaker United States Dollar leads to strength across other “safe haven” assets. By analyzing the correlation, such momentum and conclusion can also be drawn with Bitcoin (BTC) and the USD. Bitcoin has gained in 2020 as the U.S. Dollar Currency Index (DXY) has been having a tough year. But will this momentum continue […]

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