Bitcoin Prepares to Set New 2020 Trading High at $12,000

Key Takeaways BTC faces a near-term resistance at $12,000 which will decide a possible bullish break or a medium-term reversal zone. A bearish divergence between rising prices and falling daily active addresses signals potential exhaustion of bullish momentum. The outcome of tonight’s U.S. stimulus talks could add fuel to a bullish breakout or extinguish building momentum.  Share this article Bitcoin has risen by more than 3% since the weekly price open as the pioneer cryptocurrency trades within touching distance of the psychological $12,000 resistance level. The surge in BTC came…

Breakout or fakeout? Top traders react to Bitcoin price rally to $12K

Within the past few hours, Bitcoin (BTC) price rose to $11,988 before pulling back to hover around the $11,900 level. The price is on the cusp of breaking above $12,000, and some analysts have suggested that the dominant cryptocurrency is in the process of decoupling from the rest of the market, including U.S. equities. The general sentiment around Bitcoin among analysts and traders remains positive and multiple on-chain analysts say that Bitcoin has been behaving like a safe-haven asset. Technical analysis suggests that first the $12,000 resistance level needs to…

Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021

The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the key level for the longest stretch ever. But while altcoins had regained some lost ground against the most dominant cryptocurrency, BTC dominance has potentially reversed, and if closes the weekly above a key level, altcoins could be decimated throughout the end of the year and into early 2021. BTC Dominance Closing Above Mid-Bollinger Band Could Crush Altcoins Into Satoshi Dust Bitcoin price is…

Bitcoin’s Dominance to Peak in December, Sparking Altcoin Buying Frenzy

Bitcoin has seen a massive upswing over the past couple of days that brought a firm end to its consolidation phase and is now allowing it to confront its key resistance around $12,000. This level has been holding strong as resistance, and throughout the year, any break above this level was met with heavy selling pressure that catalyzed intense selloffs. Bitcoin has also been guiding the market over the past week, but this trend appears to be shifting – as altcoins sold-off today while BTC saw a strong and sustainable…

Bitcoin Shoots Towards $12,000 as Capital Flows Back Into BTC

Bitcoin bulls are back after weeks of consolidation. The leading cryptocurrency thrust higher towards $12,000 on Tuesday morning. The coin now trades just shy of that crucial price resistance at $11,970. The cryptocurrency is expected to move higher in the days ahead as macro trends favor Bitcoin bulls. Bitcoin’s rally comes as altcoins have suffered a retracement, with most dropping a few percent across the board as a weird market dynamic emerges where altcoins seriously underperform BTC. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin…

IDEX Update Focuses on Major Pain Points in Decentralized Trading

Key Takeaways Today IDEX rolled out a large update focused on improving users’ experience. The upgrade features off-chain order matching, which makes trading faster and more secure. The next stage for IDEX is to introduce layer-2 trading without gas fees. Share this article IDEX, a popular decentralized trading platform, received a major upgrade that significantly improves user experience.  IDEX Gets a Makeover The event signifies another step in improving decentralized trading performance, which brings platforms like IDEX closer to their centralized counterparts. The team focused on eliminating front-running, a malicious…

Pomp says US digital dollar needs to happen now

Recent comments from Jerome Powell, the chairman of the U.S. Federal Reserve, show the American government is not especially concerned with speed when it comes to developing a central bank digital currency, or CBDC. In contrast, Morgan Creek Digital co-founder Anthony Pompliano argues that time is of the essence.   “They’re talking about like, maybe we’ll build one in the next couple of years,” Pompliano said of Powell’s recent comments on CBDCs. “This is not a next couple of years thing,” Pomp said on an Oct. 19 episode of his YouTube show,…

Rari Capital Launches Updated DeFi Robo-Advisor and RGT Token

Key Takeaways Rari’s V2 update features new integrations and additional pools, while the deposit limits have been lifted. The project has also launched decentralized governance through its native RGT token, which will be distributed through liquidity mining. Share this article Rari Capital has launched the second iteration of its DeFi Robo-advisor. No deposit limits, new pools and integrations, and decentralized governance are also included. Rari Capital Lifts Limitations in Latest Launch The fast pace of change and high-risk characterized the DeFi space in 2020. Navigating various platforms quickly enough and…

Crypto.com Integrates PayID Offering 5M+ Users an Easy and Unique Way to Send & Receive Crypto

Share this article Crypto.com today announced PayID, a universal payment identity developed by the Open Payments Coalition, is now available on the Crypto.com App. Crypto.com’s 5M+ users can register for a PayID from the Crypto.com app, consolidating complex wallet addresses and accounts into a simple ID that works across any payment network and currency. Users who register for their unique PayID will get an exclusive Crypto.com-branded, easy-to-read ID — such as “yourname$payid.crypto.com — that enables users to send/receive crypto payments from other compatible wallets with just a single ID, easing…

New Zealand has no imminent plans to issue CBDC, says central bank exec

Financial authorities in New Zealand are in no hurry to issue a central bank digital currency, or CBDC, according to a central bank executive. Christian Hawkesby, assistant governor at the Reserve Bank of New Zealand, claimed that the country has “no imminent plans” to issue a CBDC. In a speech on Oct. 19, Hawkesby said that the bank remains open-minded about further progress in money and payment technologies and has actively engaged in CBDC research. He said: “To issue currency that meets the needs of the public, we must take a new…