Bitcoin may see major price volatility at the start of December — Here’s why

The price of Bitcoin (BTC) faces two crucial events on Dec. 1 right after the weekly and monthly candles close. The upcoming weekly candle close is particularly noteworthy because it could mark the first red weekly candle since late September. The monthly candle will be significant since it would mark the highest close in Bitcoin’s history if the price remains over $13,791. Bitcoin realized volatility. Source: Cointelegraph Markets, Digital Assets Data There are three key factors that could cause the volatility of Bitcoin to spike upon the weekly and monthly…

Here’s What Will Happen To Altcoins Once Bitcoin Breaks $20,000

Bitcoin price is less than a few hundred dollars away from setting a new all-time high. The closer the top-ranked cryptocurrency gets to its former peak, the more bullish altcoins respond. One crypto analyst has shared a chart that shows what could happen to altcoins when Bitcoin finally does break its all-time high. Ripple, Ethereum, Other Major Altcoins Rip As Bitcoin Approaches All-Time High This week, Bitcoin broke above $19,000 and has very little resistance above it before a new all-time is set. Even today, by the time this is…

Here’s Where a “Bitcoin Bear Whale” Has Put Up a Massive Sell Wall

Bitcoin’s price action as of late has greatly favored buyers, with the cryptocurrency being caught within the throes of an intense bout of sideways trading just below $19,000 as buyers try to garner enough buy-side pressure to break through this level. The selling pressure here has been intense, but it has yet to catalyze any type of intense selloff throughout the past few days. This seems to point to immense underlying strength amongst buyers and may indicate that near-term upside is imminent. If bulls can break above this level, they…

Here’s Why Bitcoin Won’t Ever See Another March-Style Selloff Event

Bitcoin has come a long way from where it was just under one year ago, with the March 12th selloff sending the cryptocurrency to lows of $3,800 – from which point it has seen exponential upside growth. One analyst is now noting that BTC’s days seeing sharp selloff events like this one are over, with its underlying market structure maturing at a rapid pace throughout the past several months. The recent exodus away from BitMEX may be contributing to its stability, as the market is now being primarily driven by spot…

Here’s What May Come Next

Bitcoin is exploding higher after continued to see bullish strength after the daily close above $17,000. The leading cryptocurrency just minutes ago shot to $18,300, which are highs not seen since the blow-off top of the previous bull market in 2017 and 2018. Bitcoin is expected to move even higher in the weeks ahead, though some have begun to fear that the market is starting to enter a blow-off top phase. Prominent crypto-asset analyst Light Crypto wrote recently: BTC finally starting to show signs of short-term overheating. sold last of…

Here’s Why Crypto Analysts Are Divided Over The Future Of Altcoins

Over the last few weeks, Bitcoin has been rising without pause, absorbing all of the capital out of the crypto market and causing altcoins to bleed on BTC pairs. BTC dominance finds itself at a crucial resistance level, and some of the brightest and best crypto analysts in the community, are divided over the future of altcoins. Here’s what they are saying, and what to expect in the short-term in the always unusual relationship between Bitcoin and alts. BTC Dominance Reaches Long-Term Resistance, Fireworks Expected To Finish Bitcoin was the…

DeFi Project Akropolis Just Lost $2 Million. Here’s What They’re Doing About It.

Key Takeaways Akropolis lost $2 million in breach despite independent audit. The funds were stolen from liquidity pools connected to the project. User funds and staking pools were not affected. Share this article According to reports within the crypto community, Akropolis, an Ethereum-based DeFi lending platform, was attacked this week.  The attacker managed to execute a $50,000 exploit 40 times, netting $2 million of DAI in total. Akropolis confirmed the attack on Twitter: We recently identified a hack executed across a body of smart contracts in the “savings pools” that…

Ethereum May Soon Help Altcoins to Rocket Higher; Here’s How

Ethereum and the aggregated cryptocurrency market have been consolidating for the past few days, with Bitcoin’s recent swing past $16,000 helping to provide a base of support for ETH and other altcoins. The crypto market’s ongoing uptrend is driven almost entirely by Bitcoin, but ETH and most other major altcoins are still woefully underperforming the benchmark digital asset. There have been some early signs of a capital rotation event away from BTC and into altcoins, with a few DeFi tokens, in particular, seeing immense momentum throughout the past several days.…

Here’s why bulls aren’t bothered by Friday’s $525M Bitcoin options expiry

On Nov. 13, a total of $525 million in Bitcoin (BTC) options open interest is set to expire. This is similar to last week when $470 million in options open interest also expired. This presents somewhat unusual activity as most volume goes through monthly and quarterly options. On Nov. 5 (last Friday), put (sell) options open interest was 30% larger than call (buy) ones. Deribit exchange holds $431 million open interest for this Friday’s expiry and Bit.com has $72 million. Before coming to quick conclusions on whether this figure is…

Here’s Why Bitcoin Could See One More Correction Before Its Uptrend

From last week’s highs, Bitcoin sustained a heavy correction into Saturday. The cryptocurrency fell from $16,000 to a low of $14,300, marking the first large correction of the recent uptrend. The cryptocurrency has since bounced back as the markets have turned risk-on once again on news of a seeming Biden presidency. While the Nasdaq futures rallied 2%, Bitcoin has reclaimed $15,000 on a daily basis and now trades at $15,400. The issue is that some investors don’t think Bitcoin is out of the woods just yet. Related Reading: Here’s Why…