Bitcoin just 4 days away from historically bullish $10K price record

Bitcoin (BTC) has spent nearly 100 days above $10,000 — and if history repeats itself, further price gains could be astronomical. As noted by various social media users this week, as of Oct. 30, Bitcoin was just five days away from trading above $10,000 for 100 days. BTC price closes in on 100 days at $10,000 According to data from analytics firm CoinMetrics compiled by Twitter user Julio Moreno, after trading above certain price points specifically for 100 days, Bitcoin subsequently gained by an order of magnitude. For example, after…

Blockchain could become a part of the US military’s strategic weaponry

One often hears blockchain in the same breath as security and supply chains. This week, a winning entry to a competition organized by the United States Department of Defense cast both these aspects in a new light. To keep pace with the ever-more technologized battlelines of contemporary warfare, the DoD continues to explore ways to innovate the manufacturing process and supply chain for weaponry and infrastructure in use by the U.S. Air Force and U.S. Navy.  The Advanced Manufacturing Olympics, held virtually this year on Oct. 20–23, sought to recruit traditional…

Bitcoin suddenly slides 4% as BofA predicts a 20% stock market crash

The price of Bitcoin (BTC) abruptly dropped 4% from the day’s peak on Oct. 30 as the uncertainty in the stock market intensified. With five days left to the U.S. presidential election, Bank of America (BofA) suggested a 20% drop is possible. The Dow Jones Industrial Average (DJIA) declined 7.55% since Oct. 12. Tech-heavy stock indices performed slightly better in the same three weeks as the Nasdaq dropped 5.8%. While the correlation between Bitcoin and stocks has declined in recent weeks, the slump of risk-on assets could negatively affect cryptocurrencies.…

Chainlink (LINK) Prints Bearish Pattern and It Could Revisit $10.20

Chainlink (LINK) started a sharp decline after forming a head and shoulders pattern (as discussed in the previous analysis). The bears are gaining strength and aiming a test of $10.20. Chainlink token price started a fresh decline after it failed to clear the $12.50 resistance against the US dollar. The price is now trading below $11.20 and the 100 simple moving average (4-hours). There is a key declining channel forming with resistance near $11.80 on the 4-hours chart of the LINK/USD pair (data source from Kraken). A head and shoulders…

Nearly 24% of Ether held on exchanges — three times the percentage of Bitcoin

Almost one-quarter of Ethereum’s (ETH) circulating supply is held on cryptocurrency exchanges, according to analytics platform ViewBase. The website shows that 26,768,260 ETH are on exchanges, equating to 23.6% with a value of $10.3 billion. Almost 26 million of these tokens are held by 10 centralized exchanges, with Coinbase alone sitting on 8,521,807 ETH — 7.5% of the supply. Ether is miles ahead of Bitcoin (BTC) in terms of the percentage of tokens held on exchanges. Bitcoin has 8.1% of its circulating supply held on exchanges. Earlier this month, Cryptocurrency statistician…

It’s Decision Time for Ethereum As It Approaches a Crucial Breakout Pattern

Ethereum is stuck in a crucial range above the $382 support against the US Dollar. ETH price could either jump above $392 or it might nosedive below $380. Ethereum is struggling to stay above the key $382 and $380 support levels. The price is currently trading in a range above the $382 support and below the $392 resistance. There is a crucial bearish trend line forming with resistance near $390 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears…

Despite strong security token growth, tZERO continues to lose money

Despite explosive third-quarter growth in the security token sector, Overstock’s Q3 2020 earnings report reveals that its tZERO alternative trading system (ATS) has continued to lose money. The ATS specializes in security tokens, consistently hosting more than 95% of the sector’s monthly trade volumes. tZERO saw dramatic growth in recent months, with monthly volume growing from less than $1 million in May to push $21.8 worth of trade in August — before sliding back to $9 million in September. Although tZERO’s net revenue increased 97% year-over-year to $11.1 million, Overstock’s…

Wrapped Bitcoin is now Ethereum’s 6th Largest Token

Wrapped Bitcoin (WBTC) reached all-time highs today in terms of market capitalization and number of tokens. WBTC is the most popular version of Bitcoin tokenized for use on the Ethereum network. According to the official website, there currently is a record total of 116,885 WBTC, backed by an equal number of BTC held by custodians. The market cap of WBTC now tops $1.58 billion. This makes WBTC Ethereum’s sixth-largest token by market cap, after Crypto.com Coin (CRO), USD Coin (USDC), Chainlink (LINK), BNB (BNB), and at number one, Tether USD…

The Hoff claims to have invented Bitcoin in 12th anniversary video

Nine celebrities with profiles on the sponsored video-sharing platform Cameo have published messages wishing Bitcoin (BTC) a happy birthday ahead of the twelfth anniversary of the publication of its whitepaper on Oct. 31. The videos were paid for by crypto security firm Halborn, and feature Hollywood notables, musicians, and comedians including David Hasselhoff, Charlie Sheen, Carole Baskin, Charlamagne Tha God, Gilbert Gottfried, Doug Benson, Hassan Johnson, Soulja Boy, and RZA. Most of the celebrities were reading off talking points and showcased varying levels of crypto-literacy. Charlamagne Tha God questioned whether…

Bitcoin Regains Strength, But Break Above $13,700 Holds The Key

Bitcoin price is up over 3% and it gained strength from the $13,000 support against the US Dollar. BTC is now facing a heavy resistance near the $13,650 and $13,700 levels. Bitcoin remained well bid above the $13,000 level and it started a fresh increase. The price broke the $13,500 resistance and settled above the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $13,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must settle above $13,650…