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The very first cryptocurrency, crypto 'gold', blockchain-money
Price, 24h
8,744 USD
-2.40%
Volume, 24h
3,497,717,274 USD
0.00%
Marketcap
153,922,072,217 / 56%
Emission
84%
Chart price/vol/NIS 7d
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Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates

As reported by NewsBTC just days ago, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the cryptocurrency’s price triggered a “sell” signal on the Market God v7 indicator, designed by crypto analyst Thies. The analyst remarked that he designed the indicator to “eliminate” emotion from his trading to instead rely on algorithm-driven signals and plans to “short the corn.” This was seen as bearish, as the last time the indicator gave the signal was in April, which was prior to the move that took the price of Bitcoin from five digits to $3,150, before printing a buy signal near the bottom. Though, according to Thies’ latest check of the indicator, the “sell” signal has dissipated as bears have failed to continue to push lower the price of Bitcoin. $BTCUSD pic.twitter.com/Pm3l3HoE4r — CryptoThies (@KingThies) December 7, 2019 Importantly though, the Moving Average Convergence Divergence (MACD), which is a “trend-following momentum indicator that shows the relationship between two moving averages of a security’s price” (Investopedia), remains in a bearish crossover formation on the one-month Bitcoin chart. The last time this took place was in May of 2018, prior to Bitcoin’s extended bearish move from the $10,000s to the $3,000 in the seven-odd months that followed. Regardless, the disappearance of Thies’ “sell” signal on the one-month suggests that bulls are starting to gain strength on a macro level once again, presumably in anticipation of the Bitcoin halving of May 2020. Related Reading: Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky Bitcoin Bulls Gaining Strength Thies’ signal, or lack thereof rather, seems to show that a bullish confluence is building for Bitcoin investors. On Friday, Hans Hauge, a senior quantitative researcher at Los Angeles-based crypto fund Ikigai Asset Management, issued an extensive Twitter thread on why Bitcoin’s outlook remains wildly positive heading out years into the future. Good morning, Bitcoiners! How have you been? In need of some holiday cheer? Here's @ahkyee, a director at Visa sharing a report from @DeutscheBank on some wild predictions (including Bitcoin) for 2030. Do I have your attention yet?https://t.co/MNz9bymQnS pic.twitter.com/dQ14wqlafX — Hans HODL (@hansthered) December 6, 2019 First, he looked to a recent analysis from Deutsche Bank, in which the global banking giant estimated that the number of users of Blockchain Wallet (blockchain.com) could surmount over 200 million — around six times higher than where the sum currently is — by 2030. (The same report also included an opinion from a Deutsche Bank analyst, who said that Bitcoin could replace fiat should issues persist in the financial system.) Secondly, he quipped that the (former) chief executive of Bitcoin exchange and infrastructure firm Bakkt is now a sitting U.S. Senator. And lastly, he noted that BTC is “actually pretty close to where it should be,” in reference to a model that takes the number of “Bitcoin transactions ever confirmed and use that as an input into a log-scale linear regression model.” Related Reading: Over $5 Billion Worth of Bitcoin Moved in Minutes; What Happened? Featured Image from Shutterstock Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates was last modified: December 7th, 2019 by Nick ChongThe post Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates appeared first on NewsBTC.
NewsBTC

Bitcoin Is Ready For Another Volatile Weekend: Saturday Crypto Market Watch

Bitcoin seems to be charging at $7,600 as it marks a slight increase of around 2.1% in the past 24 hours. The cryptocurrency seemed stuck in the same confluence price zone between $7,300 and $7,400 but has managed to break above it, and it now trades at around $7,550. As CryptoPotato reported earlier, an important resistance level to watch for is $7,700, which is where the bullish spike reached out. However, to see a real market reversal, we would have to see Bitcoin closing above $8,000. In any case, it appears that we might be in for another volatile weekend. BTC/USDT. Source: TradingView At the time of this writing, Bitcoin’s dominance remains 66.9%, which means that altcoins are unable to claim any ground. Almost all of the top 20 cryptocurrencies are marking either slight increases in the range between 0.5% and 1.5%, or they are in the red. The one that stands out, however, is Tezos. XTZ is up 8.65% against the US Dollar, and it currently trades at around $1,40. Tezos is also up about 6.4% against BTC, which is impressive, given the fairly slow market movements of late. Major Crypto Headlines Bitcoin Breaks Records: $8.9 Billion Processed In An Hour. Even though many are still focusing on Bitcoin’s price, the cryptocurrency’s network has managed to set a new record. It processed over $8.9 billion in on-chain transactions in a single hour, a few days ago. This highlights the long way Bitcoin’s blockchain has come and how it has improved over time. Who Wants Bitcoin For $680? A Sudden Flash Crash On Binance USDS Market Sank BTC Price. Flash crashes tend to happen now and then. On December 5th, Bitcoin’s price dropped to $680 in an instant on the world’s leading cryptocurrency exchange – Binance. It happened with the BTC/USDS trading pair and those who had placed low buying orders. Turn Of Events: General Manager of BIS Urges Central Banks To Embrace Digital Money. The General Manager of the Bank of International Settlements (BIS) has urged central banks to embrace digital money. He stressed the fact that the financial field is going through a revolution, and banks should be in charge of the momentum. Significant Daily Gainers and Losers EDUCare (33.65%) EDUCare (EKT) is the most significant daily winner, as it marks a serious increase of around 33.65% against the USD. The cryptocurrency is also up 30.5% against BTC, and it holds a market cap upwards of $125 million. EDUCare introduces a public chain ecosystem that is based on multi-chain architecture. Ravencoin (12.28%) Ravencoin is another strong performer that has been doing quite well throughout the whole week. On the day, RVN is up 12.28% against the USD as it currently trades at around $0,03. The cryptocurrency is also up 9.6% against BTC. Sitting on a total market cap of almost $164 million, it’s the 38th largest project. Ravencoin brings forward a peer-to-peer blockchain which offers an efficient creation and transfer of assets from one party to another. Enjin Coin (-7.77%) As Cryptopotato reported earlier this week, Enjin Coin surged with 60% after news of its partnership with Microsoft broke out. However, during the last 24 hours, ENJ lost almost 8 percent of its dollar value, as well as almost 10% of its value against Bitcoin. However, it’s worth noting that it is still about 50% up for the week. The post Bitcoin Is Ready For Another Volatile Weekend: Saturday Crypto Market Watch appeared first on CryptoPotato.
CryptoPotato

Major Bitcoin Price Indicator Flips Bearish but Yearly Return Still at 100%

The price of Bitcoin has been quite indecisive for the past 3 days as the bulls are currently trying to set a daily higher low. The bulls have experienced two fakeouts already, however, the bears are not getting any kind of continuation afterward either. The bulls are trying to break above the 12-period EMA on the daily chart, however, the 4-hour chart is key now. The bulls need to set an uptrend on the 4-hour chart in order to confirm a daily higher low. The daily trading volume continues to decrease but the MACD has turned bullish on the daily chart. Monthly MACD Turns Bearish for the First Time in 1 Year and a Half The monthly MACD has turned bearish, however, it will not be confirmed until the end of the month or until a massive and decisive crash. According to Omkar Godbole, the bearish MACD cross is not necessarily as bad as some investors might think. Omkar also mentions that there are a few signs of seller exhaustion, for instance, shorts on Bitfinex remain really low even though Bitcoin has been in a downtrend for quite some time now. The MACD is a lagging indicator, which means it’s not exactly the best to predict upcoming market moves. The last time the MACD crossed bullishly was back in June when Bitcoin was already almost at the top of the bull move to $13,700. If a trader used that bull cross as an indicator to buy, he would have lost a lot of money as Bitcoin started its downtrend a month later. Clearly, the MACD is not the best indicator to predict the future. Trading volume, however, can indicate when a digital asset is close to a break, whether it is to the upside or downside. Bitcoin Trading volume was increasing fast during the first half of 2019, however, it has been slowly deteriorating on almost all exchanges. This indicates that a big move is close to happening but might still take a few more months before it materializes. The post Major Bitcoin Price Indicator Flips Bearish but Yearly Return Still at 100% appeared first on ZyCrypto.
ZyCrypto

Bitcoin Replacing Cash, BTC XRP Derivatives, BTC Futures Fund & Random Bitcoin Price Jump

My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ---------------------------------------------------------------------------- Support Me On Patreon! https://www.patreon.com/TheModernInvestor ---------------------------------------------------------------------------- Protect And Store Your Crypto With A Ledger Nano: https://www.ledger.com?r=8af3ed38d3b7 ----------------------------------------------------------------------------- Want To Send Me A Tip? Bitcoin Donations Address: 1BYhrLpntMYW97sd8K6fquTcr5MYwPAe2y Ripple (XRP) Donation Address: rsoKR5VHJx84oMTYbS7tWg7g5aFebYirVi Ethereum / KIN / OmiseGo Donation Address: 0x0e5f5CEFaA9A0713AB6D8F79E6679E22d86C21f6 ----------------------------------------------------------------------------- Open An Account With Binance! https://www.binance.com/?ref=22170588 ------------------------------------------------------------------------------ Buy Bitcoin And Ethereum With Fiat On Binance! https://www.binance.je/?ref=35009618 -------------------------------------------------------------------------------- Follow Me On Facebook ! https://www.facebook.com/TheModernInvestor https://www.youtube.com/channel/UC-5HLi3buMzdxjdTdic3Aig Follow Me On Twitter: https://twitter.com/ModernInvest ---------------------------------------------------------------------------------- Very Special Thanks To My Patreon Supporters: Professor Wally From Gunbot University Digital Asset News Liam O'Cashidey Cory Stevens RTC 2021 Forex Lens Inc Auspicious Agile & Blockchain Yet Another Nick Bitsource AML Solutions Chris Charles Roman Geber David Chosrova Stuart Niven Larry Gooch Tyler Winklevoss NBKrypto Steven Harper Ulf Fatman Josefsson Mohammad Tabbaa Brian Vaci Jeffrey Pete Mozar Cryptocurrency Logic Jonathan Robert Kraus Josh Gorcyca K9 Ytrup Crypto Jedi Truls Lee 3000 O. Tom Chhuong Kaneko Tomonori Sir Thomas11_11 Mike McCarty Crypto And Beer Shipmate ZEN Lunacy VV Nicola Kenny Mr. Smith Joey The Happy Farmer Damien Walker ---------------------------------------------------------------------------------- Photo Credit To: https://i2.wp.com/nyc3.digitaloceanspaces.com/servercarlosesverde/elevenews/wp-content/uploads/2019/12/06131708/www.criptomonedaseico.com-analisis-intradia-del-precio-de-bitcoin-btc-usd-en-cuna-creciente-a-corto-plazo-750x430.jpg?fit=750%2C430&ssl=1&resize=1280%2C720
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Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance

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BitMEX forecasts new crisis, new indexes on Nasdaq, positive adoption news from South Korea, new rules from Localbitcoins, scam app on Google Play, new options for KuCoiners and Coinbase users, ideas as for the potential of credit markets, JP Morgan and the Moshe Hogeg case

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HIGHLIGHT

Though SEC Commissioner is ‘Optimistic’ for BTC ETF Approval, We Never Know

Lost of crypto news feeds are inundated with opposite headlines: from ‘ETFs will be approved in no time’ to ‘ETFs will be approved soon.’ However, there are no official statements made by the participating regulatory agency. The latest report grabbing the ETF headline, via Twitter, is apropos a leaked document of an interview with the SEC Commissioner prognosticating a BTC ETF ‘might eventually be approved’; but, again, it's not an official statement

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Zcash unveiled an already fixed vulnerability, US presidential candidate McAfee the debtor, QuadrigaCX seeking protection and justice, Kraken's new partnership, evidence of BTC decentralization improvements, rumors as for Bakkt, a bunch of news from Ripple and Telegram TON updates

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Startups in Switzerland and Liechtenstein, natural integration of crypto into Switzerland's banking system, Jamaica's JSE and securities, more crypto exchanges news: South Korea and Cayman Islands as newsmakers, Malta's MFSA scam 'scanner', fund for blockchain integration in Uzbekistan, Kik against SEC trial

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Tezos (XTZ) is Flying High, Gains against USD and BTC

XTZ, the native currency of the self-amending smart contract and DApp platform, Tezos, has registered impressive gains against the USD, BTC and ETH. The token is up 11%, 9% and 10% respectively, exciting token holders who expect further gains going forward. Recently, there has been a lot of debate-and expectations- around the Ethereum competitor following the collapse to new lows. Distinct, Tezos’ on-chain governance allows token holders to vote and determine changes of code averting chain splits which can be disastrous to the platform’s valuation and an unwelcomed distraction to the initial vision. Binance Staking Supports Tezos (XTZ) Although specific details around the main bull triggers are scarce, based mostly on oblique remarks, analysts and commentators are pointing fingers at Binance’s staking support announced three days ago. I'm not even 100% sure what tezos does, but I know its going to $100. Why get lost in the weeds? — Jeremy Ross (@jebus911) December 6, 2019 According to Binance, the world’s leading cryptocurrency exchange by trading volumes and aggressively expanding to cover as many regions as possible, they will support zero fee staking on XTZ. Official support started on Dec 4 but it will complete the first distribution of rewards by the 20th day of the following month. “XTZ rewards will be calculated daily based on live snapshots and distributed monthly. Distributions will be completed before the 20th day of each following month. Starting from 2019/12/04, Binance will begin taking hourly snapshots of user XTZ balances.” Binance supports staking-or locking of coins of particular Proof of Stake network, in exchange for rewards. By locking coins for a specific period, owners receive rewards for bolstering the network’s security. Gendarmerie’s Cybercrime Division (C3N) Using Tezos The announcement was a direct boost for XTZ and comes a few days after the French Armies and Gendarmerie’s Information and Public Relations Center acknowledged that they have been using the blockchain to record and subsequently validate expenses incurred during judicial investigations. Through a press release, the Gendarmerie’s cybercrime division (C3N) said they used a system developed by Nomadic Labs to buy the coin from a Euro-pool allocated fund to cover operations cost. DigiFinex Lists XTZ On Dec 6, DigiFinex exchange announced their official support of XTZ. Deposits and withdrawals will begin starting on Dec 9, while official trading will start on Dec 11. The exchange will initially support the trading of XTZ/BTC and XTZ/USDT pairs. We are listing Tezos (XTZ) @tezos, a self-amending cryptographic ledger. ✦XTZ deposit & withdrawal open: 9 Dec, 2019 10:00 (GMT+8)✦XTZ trade opens: 11 Dec, 2019 10:00✦XTZ trading pairs: XTZ/USDT, XTZ/BTC pic.twitter.com/CawEjB3TJk — DigiFinex Exchange (@DigiFinex) December 6, 2019 The post Tezos (XTZ) is Flying High, Gains against USD and BTC appeared first on Coingape.
CoinGape

Blockchain Startup SpaceChain Sends Wallet Tech to International Space Station

Blockchain Startup SpaceChain Sends Wallet Tech to International Space Station Space-as-a-service-focused blockchain startup SpaceChain has sent its hardware wallet technology to the International Space Station (ISS). As part of the CRS-19 commercial resupply service mission, a SpaceX Falcon 9 rocket is delivering SpaceChain’s hardware wallet technology to the ISS, according to a Dec. 6 press […] Cet article Blockchain Startup SpaceChain Sends Wallet Tech to International Space Station est apparu en premier sur Bitcoin Central.
Bitcoin Central
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