Experts say institutions drove Bitcoin's rise to $19K and that alt-season is coming

Market analysts are attributing Bitcoin’s sudden surge above $19,000 to aggressive demand from financial institutions and leading companies in the United States. Analysts are pointing to demand from financial institutions and publicly listed companies as the primary forces behind BTC’s sudden re-test of its all-time highs. “The primary reason for the steady grind up in Bitcon has been the increased interest and aggressive buying activity from institutions,” said Nick Cote of gamified trading platform Hxro Labs.

Market Wrap: Bitcoin Loses Momentum at $19.4K; Ethereum Fees Increasing

Bitcoin’s price rise stalled out just before hitting $19,500 Wednesday.

Trader Who Called Bitcoin’s Rise to $19,000 Is Taking Profits and Revealing Top 3 Altcoin Picks

A popular crypto trader who accurately called Bitcoin’s ascent to around $19,000 back in July is taking profits and believes BTC is due for a correction.

Amidst Increasing Prices, Bitcoin Fees Drop, Ethereum Fees Rise

After going through a period of sky-high fees on the Bitcoin (BTC) and Ethereum (ETH) networks, the price of sending the world's number one coin is dropping, while the cost of sending the second coin by market capitalization is rising - all this when the prices are seeing a strong rally. High transaction fees commonly go hand in hand with high prices and a higher number of

Bitcoin Retreats From Highs, Altcoins Correct Lower

Bitcoin price extended its rise above the USD 19,200 level before the bears appeared near the USD 19,450 level.

Stellar Lumens doubles in price following upgrade

The launch of Stellar’s new protocol was received positively by the crypto market, coinciding in a 100% price rise for XLM across the last 48 hours. The price of Stellar Lumens (XLM) shot up 60% in the past 24 hours and crossed the 20 cent mark for the first time since Sept.

Generating crypto cash flow now a piece of cake

Many cryptocurrency owners around the world are determined to keep holding on to their digital assets – hopeful that its value will rise in the future.

Bitcoin will rise until ‘it'll get almost impossible to buy’ it

Bitcoin pioneer and podcaster, Max Keiser, believed that retail investors will be left out of the bitcoin market especially as the cryptocurrency’s price “rockets to $1,000,000 per coin,” which The post Bitcoin will rise until ‘it'll get almost impossible to buy’ it appeared first on AMBCrypto.

Institutions Will Shut Retail Investors Out As Bitcoin Rockets to $1 Million, Says Max Keiser

Wall Street veteran Max Keiser says he believes a supply shock will fuel Bitcoin’s rise to $1 million.

PayPal CEO Schulman Say He’s Bullish on Bitcoin as a Currency

Schulman spoke the fall of cash, the rise of bitcoin, and the institutional traders taking note.

Perfect Storm of Demographics and Debt Fueling Rise of Bitcoin, Says Morgan Creek Digital’s Mark Yusko

The CEO and CIO of investment management firm Morgan Creek Digital says a perfect storm to drive the price of Bitcoin higher is brewing.

Bitcoin Faces Volatility Rise as Futures Market Shows Signs of Overheating

The bitcoin perpetual futures "funding rate" has shot up, suggesting the market may be overleveraged to the bullish side.

CipherTrace Says Homeland Security Work Gave Rise to Monero-Tracking Patent Filings

CipherTrace has filed two patent applications it claims offer technologies that could help authorities in tracking monero transactions.

Chainlink Likely to See an Impulse Higher as Bulls Break Key Range

Chainlink has seen a strong push higher over the past few days, with its ongoing rise coming about in tandem with that seen by Bitcoin and Ethereum This market-wide uptrend has proven to be highly beneficial for altcoins, with many posting massive gains throughout the past few hours as bulls aim at sparking a full-blown […]

Depending on this metric, Bitcoin may be due for a correction!

With Bitcoin and most of the market's altcoins rallying in the backdrop, the Stablecoin Ratio seems to be highlighting the rise of sell-side pressure.

UniSwap fights back as competitors drain value from the DEX

Even as incentives continue to dry up on UniSwap, TVL across the board seems to have remained steady. Just a few months ago, the global finance sector witnessed the meteoric rise of yield farming, which in large part helped to spur the growth of the decentralized finance domain.

Outgoing SEC Chair Jay Clayton reveals what’s driving the rise of BTC

Jay Clayton is stepping down from his role as SEC Chairman at the end of the year, but before going he wants to set the record straight on the SEC’s opinion of Bitcoin. The outgoing SEC Chairman Jay Clayton, who oversaw the rejection of nine Bitcoin ETFs during his tenure, has told CNBC that “inefficiencies” in the current payments systems are continuing to drive the popularity of Bitcoin. Appearing on CNBC’s Squawk Box yesterday Clayton, who is due to step down by the end of the year, confirmed his agency’s general assessment that Bitcoin was not a security but a payment mechanism and store of value.

SEC Chairman On What Drives Bitcoin, Poker Players Cry For BTC + More News

SEC Chairman Jay Clayton. Source: Twitter, @SEC_News Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news Current inefficient payment mechanisms are driving the rise of bitcoin (BTC), Jay Clayton, the outgoing Chairman of the US Security and Exchange Commission, told CNBC.

SEC’s Clayton Says Payment Inefficiencies Are Boosting Bitcoin’s Rise

Clayton sounded more bullish on bitcoin than he's been in years in his Thursday interview with CNBC

OKEx Crypto Exchange to Resume “Unrestricted Withdrawals,” Causing OKB Token Price to Rise More

Following a temporary suspension of withdrawal services to cooperate with an investigation, OKEx said it will resume withdrawals on or before November 27.

Survey of millionaires finds 73% own or want to invest in crypto

The number of millionaires wanting to buy cryptocurrencies is on the rise, with a new survey indicating that 73% want to own digital assets before the end of 2022. A survey of more than 700 high net worth individuals, or HNWs, has found that almost three-quarters of millionaire respondents either already own or are looking to invest in cryptocurrencies before the end of 2022. Conducted by financial advisory organization deVere Group, the survey revealed that 73% of respondents are bullish towards cryptocurrencies, an increase from 68% in 2019.

Polkadot, EOS, Dash Price Analysis: 18 November

Bitcoin Dominance continued to rise and stood at 67.17% at press time.

Bitcoin Bursts Through into Mainstream Media After Latest Price Surge

Leading media outlets around the globe have had their heads turned by meteoric bitcoin (BTC) rise as the crypotasset rocketed up beyond the USD 18,000 mark. And while crypto has remained a niche subject for the mainstream – except for rare and nefarious events such as the Mt.

Bitcoin Retreats Sharply From USD 18.5K, Altcoins Drop Too

Bitcoin price extended its rise above the USD 17,500 and USD 18,000 resistance levels.

Poloniex Lists SENSO As Sensorium Galaxy’s Partnership Spree With World-Class Artists Accelerates

With COVID-19 cases on the rise and the world’s top economies re-considering strict lockdown measures, cryptocurrency exchange Poloniex has taken an interest in SENSO — a token focused on bringing high-quality entertainment into the rapidly expanding VR space.

Litecoin Flips Bitcoin Cash in Crypto Rankings With Rally to 9-Month Highs

Litecoin is now the seventh-largest cryptocurrency by market capitalization after a rise to $75.

First Mover: Stimulus Seen (for Bitcoin) Since Moderna Won’t Save Spirits from Third Wave

Rise in coronavirus cases, hospitalizations and deaths could dent consumer confidence and retailer revenue during the crucial holiday shopping season.

The Rise of Internet Money

It has only been 12 years since Satoshi Nakamoto published a nine-pager in late October 2008 describing what could be the internet of money.

Bitcoin Cash long-term Price Analysis: 14 November

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin Cash's price has been on the rise since the start of Septe The post Bitcoin Cash long-term Price Analysis: 14 November appeared first on AMBCrypto.

The rise of major Bitcoin mining institutions is inevitable

2020 marks a new era for mining institutionalization, bringing with it both benefits and challenges. There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside.

Exclusive | FUSANG CEO: CCB’s $3 Billion in Blockchain-Based Debt Bonds is Rise of Crypto 2.0

According to FUSANG CEO Henry Chong, the CCB's historic blockchain-based bond listing, the first tranche of $3 billion in debt, marks a transition into what he calls “Crypto 2.0” (Read More)

TA: Ethereum Bulls Keeps Pushing, Why Rally Isn’t Over Yet

Ethereum extended its rise above the $465 resistance against the US Dollar.

As Bitcoin price rises, institutions get down with digital assets

Institutional interest in Bitcoin continues to rise as bullish sentiment around BTC prevails. With Bitcoin (BTC) price sentiment continuing to remain bullish following the uncertainty brought on by the United States presidential election, institutional investors seem to be getting more interested in betting on the markets.

Bitcoin Likely to Consolidate Before December Rise Toward $20K, Say Analysts

The bitcoin market is likely to take a breather before continuing its rise toward $20,000 the end of the year, analysts told CoinDesk.

Lebanon Schedules Its CBDC, DeFi Crime On The Rise + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. CBDCs news Lebanon plans to introduce a digital currency in 2021 to restore confidence in the banking sector and transition into a cashless system, Bloomberg reported, citing Riad Salameh, the Governor of Lebanon's

Report: Crypto crimes declined in 2020, but DeFi hacks are on the rise

The recent surge in DeFi makes the industry is an attractive target for hackers. Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new hotbed for criminal activity, a new report says. Citing major crypto analytics firm CipherTrace, Reuters reported on Nov.

Crypto Traders HODL As COVID Vaccine Tanks Gold

Trading activity plunged in October as the price of crypto assets continues their rise.

Charted: Chainlink (LINK) Close Above $13.1 Could Trigger Sharp Rise

Chainlink (LINK) seems to be following a nice uptrend above $12.00.

NYU Professor Predicts CBDCs Are Imminent, Bitcoin Still Unviable

Central banks have been responding to the rise of Bitcoin with the introduction of central bank digital currencies, or CBDCs.

Bitcoin Responds To Biden Victory With Rollercoaster Intraday Volatility

Bitcoin and cryptocurrencies are known for their notorious volatility, rising by enormous figures only to retrace nearly 90% of the entire rise.

JP Morgan: Bitcoin Could Rise 10x as it Competes With Gold for Institutional Investors

Institutional investors have been turning more to Bitcoin rather than gold lately.

Charted: Chainlink (LINK) Looks Ready For Another Leg Higher Over $13

Chainlink (LINK) started a sharp rise from the $10.00 support zone.

The Terminators: A Short Story

Sia co-founder David Vorick's short story takes the perspective of the decentralized web recounting its own, inevitable rise.

Here's why Bitcoin's FOMO feedback loop will continue

Another phrase for 'bull run' is 'profit take.' Why? Because whenever the price for any asset rises, there are those who buy in the hope for another rise, and there are those who sell, in the hope for The post Here's why Bitcoin's FOMO feedback loop will continue appeared first on AMBCrypto.

Bitcoin Price Tapers Off After Wall Street Rise

Bitcoin's price tapers off after a US stock market blowout and an election tilted, for now, in Joe Biden's favor.

The Rise of Digital-Asset Native Banking

The US had made strides recently to clear a path for crypto banks to operate legally.

Tether Closes In on $17 billion Market Cap as Bitcoin Soars

The stablecoin company may profit from Bitcoin’s rise.

MicroStrategy’s Big Bitcoin Bet Is $133 Million in Profit—up 32%

Both MicroStrategy and Square have made significant profits on their investments as Bitcoin’s price continues to rise.

Bitcoin At New High, Altcoins Gain Momentum

There was a steady rise in bitcoin price above the USD 13,800 and USD 14,000 resistance levels.

TA: Ethereum Prints Bullish Breakout, A Strengthening Case For $425

Ethereum’s ether started a fresh increase above $385, following bitcoin’s rise above $13,800 against the US Dollar.

Chainlink, Maker, Ethereum Classic Price Analysis: 04 November

The Crypto Fear and Greed Index actually showed a rise from 71 to 74 on the previous day as the US Presidential Election continued to progress with a winner not yet officially announced.

Bitcoin Volatility Expected to Rise After the US Presidential Election

While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week.

Rise of the Underdog, Securypto Takes off as Investors Scramble To Get on Board

The time of ICO’s seems behind us and many blockchain projects have fallen off the grid but one particular project seems not only to have survived but even thrived during these times.

Google searches for Bitcoin are on the rise in Cuba

Cubans are interested in Bitcoin as other major digital payment options like PayPal are unavailable. Cuba is apparently seeing an influx of Bitcoin (BTC)-related activity as Bitcoin interest is on the rise in the country. According to data from Google Trends, Cuba now ranks second in terms of Bitcoin interest over the past 30 days.

Bitcoin (BTC) Could Surge to $3,000,000 Within Five Years, Says Crypto Hedge Fund Manager – Here’s Why

Morgan Creek Digital Assets co-founder and partner Jason Williams says Bitcoin (BTC) could meteorically rise nearly 17,900% in five years as BTC solidifies its position as a safe haven asset.

Facebook's Libra Sparked CBDC Race, COVID-19 Made Central Banks Realize Its Necessity

Digital innovation and central bank digital currency adoption (CBDC) have been on the rise despite the ongoing COVID-19 pandemic.

Tether's growth confirms this evolving market narrative

While a lot of adoption news has come in for the cryptocurrency market this year, 2020 has been notable for the rise of Decentralized Finance [DeFi].

Monero, Augur, VeChain Price Analysis: 01 November

Bitcoin's dominance continued to rise at press time, with the same noting a figure of 63.97%.

Bitcoin Cash, Tezos, Dogecoin Price Analysis: 31 October

At the time of writing, Bitcoin Cash witnessed a rise in its selling pressure as the digital asset’s bearishness hinted towards a downward price action for the short-term period. Dogecoin too, wa The post Bitcoin Cash, Tezos, Dogecoin Price Analysis: 31 October appeared first on AMBCrypto.

Is the rise in Bitcoin TXN fee by 540% a cause for concern?

Bitcoin fees are soaring again, reaching a level of $12.71 as of yesterday.

Why Bitcoin price and volume rising together is bad news for Ethereum, altseason

Bitcoin broke out of the $13,000 resistance level merely a week ago, which means those expecting Ethereum and altcoin prices to rise may have to wait a few months. Bitcoin (BTC) is sucking up the volume from the entire cryptocurrency market as it continues to rally.

4 Reasons Why Bitcoin Rises While the Crypto and Stock Markets Drop

Why does the Bitcoin price continue to rise as the stock market, as well as the overall crypto market experience a drop? Here are four reason why Bitcoin is different.

A Whopping $2 Billion in Bitcoin Is Now on Ethereum

While Bitcoiners wait for the price to rise, they’re putting their money to use on Ethereum.

Bitcoin Transaction Fees Rise to 28-Month High as Hashrate Drops Amid Price Rally

The cost of doing transactions on bitcoin is surging at a time the network is suffering its worst congestion in nearly three years.

Price analysis 10/28: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA

Altcoins took a serious hit as Bitcoin dropped below $13K today, meanwhile, BTC’s macrostructure remains bullish. The equity markets across Europe closed deeply in the red and the US markets are also witnessing intense selling pressure as investors fear a rise in COVID-19 cases could stall the fragile economic recovery.

Bitcoin Inches Closer To USD 14,000, Altcoins Trying To Catch Up

In the past three sessions, there was a steady rise in bitcoin price above the USD 13,500 resistance.

High DeFi yields could threaten ETH 2.0 staking participation: ConsenSys

The latest Q3 DeFi report from ConsenSys expresses concern about DeFi’s threat to ETH 2.0 staking The rise of DeFi and high yielding liquidity provision opportunities could act as a barrier to participation in staking when ETH 2.0 Phase 0 finally launches according to a new report. The ConsenSys Q3 DeFi Report has taken a deep dive into emerging trends and warns that staking on Ethereum’s forthcoming Beacon Chain may be limited by better earning opportunities on decentralized finance protocols. ConsenSys believes it’s likely that Phase 0 of the ETH 2.0 upgrade will launch before the end of the year.

The $750 Million Pre-Halloween Bitcoin Options Expiry Has Started to Spook Traders

Even though cryptocurrency traders have been exuberant over the price rise, a number of analysts are focused on the large bitcoin and ethereum options expiries set to end before Halloween.

More Than Half of US Investors Interested in Bitcoin, Grayscale Survey Finds

A survey from Grayscale Investments suggests interest in bitcoin is on the rise, with coronavirus being a driver of new investors.

Hedge Funds Failures, Bankruptcies and Pandemic Fatigue

As cases rise and the US settles in for a fresh wave of COVID-19, the economic fallout from round one is still being felt, from hedge funds to bankruptcies and beyond.

Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline

Bitcoin transaction fees are on the rise again.

CME’s Bitcoin Futures Rise Suggests Institutional Investors Are Starting to Swarm Toward Crypto

The Chicago Mercantile Exchange (CME) has become the second-largest derivatives market for bitcoin futures in terms of open interest.

ETH Cools Off After 13% Weekly Gains, What’s Next? (Ethereum Price Analysis)

Ethereum saw a small 1.2% price rise today as the cryptocurrency is currently testing resistance at $416 - provided by a bearish .618 Fib Retracement.

Bitcoin price will 'bolt higher' if Biden wins, rise slower with Trump — Max Keiser

Max Keiser, Wall Street veteran and host of The Keiser Report, shares his thoughts on Bitcoin price breaking $13,000 and the US election in an exclusive interview with Cointelegraph Markets.

Bitcoin Fees Rise at Fastest Clip Since July 2018 Bull Run

Bitcoin's fees haven't risen this quickly in years.

Bitcoin price rise to $500k is inevitable, Winklevoss twins say

They said that real adoption of the asset class "hasn't even started." Gemini crypto exchange founders Tyler and Cameron Winklevoss said that Bitcoin (BTC) will eventually hit $500,000 per coin during a recent interview with podcast host Peter McCormack. “The question in our mind is not so much does it get to $500,000, but how quickly,” Tyler told McCormack during the Oct.

Stablecoins went wild in the days before Bitcoin’s recent surge

Retail investors are buying into Bitcoin, says CryptoQuant CEO. In the days preceding Bitcoin’s latest rise in price, stablecoins went wild, exhibiting some largely unprecedented behavior. Stablecoins: all stablecoins inflow transaction and address count of all exchanges.

Active Bitcoin Addresses at Highest Since 2017’s $20K Price Record

Continued rise in network's usage could accelerate the price rally.

CME’s Rise in Bitcoin Futures Rankings Signals Growing Institutional Interest

CME has risen to second place in terms of bitcoin futures open interest, passing Binance and BitMEX.

TA: Bitcoin Short-term Pullback Could Be Attractive To The Bulls

Bitcoin price extended its rise and traded to a new monthly high near $13,200 against the US Dollar.

Bitcoin Consolidates While Altcoins Continue To Rise

Yesterday, we saw a sharp rise in bitcoin price above the USD 12,500 and USD 13,000 resistance levels.

XRP Bulls Step in With a 5% Daily Increase, Is $0.30 Next? (Ripple Price Analysis)

XRP witnessed a 4.8% price increase today, which allowed the coin to rise to the $0.262 level and finally break above a symmetrical triangle pattern.

DLT security standards may turn legacy industries into blockchain innovators

Member-led working groups are helping define security standards for tokenized use cases. Tokenization has given rise to the “Internet of Value,” an era in which financial assets — or any assets with underlying value — can be easily transferred peer-to-peer over the internet.

Back at $13K: Bitcoin Unfazed by Profit Takers After Rise to 2020 High

The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week.

Here’s what traders expect after Bitcoin price rallied to $13,217

Bitcoin price just secured a new 2020 high and traders expect the price to rise higher for 3 key reasons. On Oct.

Shifting gears: Driving enterprise DeFi adoption through tokenization

Enterprise DeFi use could see a rise in 2021, but only if tokenization standards catch on with the mainstream. Decentralized finance has quickly risen to prominence, largely driven by the fact that there is over $11 billion of total value locked in the sector.

Analysis: Current Bitcoin Rise Due To New Money Entering Crypto (And Not Altcoins Sell Off)

Data suggests that fresh capital has prompted BTC's latest price pump to above $12,000.

Defi Projects That Will Succeed

Disclaimer: The text below is a press release that was not written by Cryptonews.com. The Decentralized Finance (DeFi) ecosystem went through an exponential rise this year, rising from $1 billion to $11 billion in 2020.

Hotel Bitcoin ATMs on the Rise With Addition of Swiss Hotel Dolder Grand

The number of hotels with a bitcoin ATM on-site is growing in Switzerland.

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

Bitcoin is on the rise toward $12,000, but may face a stiff challenge to cross the price hurdle.

Price analysis 10/19: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV

Bitcoin price may rise to a new 52-week high if it can break above the ascending channel and this move could ignite the altcoins. Crypto market sentiment appears to be improving across the board and the global push to mainstream central bank digital currencies is also making headway.  In China’s Shenzhen province about 2 million people had applied for the digital yuan giveaway and the lucky 50,000 among them received “red envelopes” of digital yuan totalling $1.5 million.

Ethereum Fees Hit Lowest Price Since Start of DeFi Boom

Ethereum transaction fees rise when the supply of mining power is outstripped by demand.

XRP Triggers Signal Resulting In Nearly 80% On Average Rise Against Bitcoin

Bitcoin is more bullish than ever, and Ethereum has taken center stage of the hot to trot DeFi trend.

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

The price of Ethereum is showing similarities with previous bull cycle beginnings as $800 ETH is coming back in play. Markets tend to behave in massive cycles.

Flippening: Crypto Decentralized Exchanges Grew More Than Centralized Ones In Q3 2020

Although centralized exchanges continue to attract the majority of the trading volume market share, decentralized exchanges are on the rise with impressive triple-digit growth in Q3.

The Rise of the Anon: Protecting Innovation

Anonymity is increasingly offering protection to innovators as well as their ideas.

Calm before the storm? Analyst says $20K Bitcoin possible in 3 months

Mohit Sorout says Bitcoin could rise to a new all-time high in three months when it breaks out of the existing range. The price of Bitcoin (BTC) has been consolidating within a tight range for several months.

Bitcoin Mining Difficulty Set For New Record High + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Mining news Bitcoin (BTC) mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to rise more than 3% during the next adjustment tomorrow, October 17.

Will Ethereum Continue to Dominate DeFi?

Ethereum has benefited from the rise in DeFi activity, but it might only be a temporary boost, according to Finder’s Cryptocurrency Predictions Report.

Select Altcoins Could Rise 100-1000x in Renewed Bitcoin Bull Cycle, Says Crypto Trader Lark Davis – Here Are Some of His Top Picks

Popular cryptocurrency analyst Lark Davis says altcoins will prove to be the best investments of 2021.