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Galaxy Digital CEO recommends investing up to 3% of one’s net worth into Bitcoin

“Look at it in five years, and it’s going to be a whole lot more," opined Novogratz. With the price of Bitcoin continuing to test support around $19,000, Galaxy Digital founder and CEO Mike Novogratz recommends HODLing until 2025. In a Yahoo Finance Live interview published on Nov. 25, Novogratz said that the current Bitcoin (BTC) rally is being fueled by institutions and high-profile investors “slowly getting into the space.” He cited companies like PayPal and Square adopting crypto, as well as billionaire Stanley Druckenmiller recently suggesting the digital asset may pay out more than gold. “Bitcoin has become a…

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Analysts Agree: A New All-Time High for Bitcoin Will Soon Arrive

Analysts and industry experts have been jumping back and forth about where they think the future of bitcoin lies. The currency has been booming like it never has before, jumping beyond the $18,500 line and surging to its highest position since late 2017. Some are convinced that the bull run is going to continue well into 2021, and that the asset is likely to hit a new all-time high. Bitcoin Has Matured More than anything, the question that’s likely on every analyst’s mind is whether things are different this time around. Three years ago, the currency hit a price of…

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Price analysis 11/25: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM

Bitcoin and most major altcoins could consolidate for a few days before starting the next big move. The crypto market has been in a strong bull run over the past few days, and that has pushed Bitcoin (BTC) to its second-best day ever. Almost every trader now seems to be fixated on the magical figure of $20,000 per BTC. After such a sharp up-move, some traders are calling for a top, while others are projecting lofty targets for the future. Cryptocurrency market daily performance. Source: Coin360CNBC Fast Money host Brian Kelly, for example, believes that the recent volitile moves in altcoins, overpriced…

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Bitcoin faces this final resistance zone before $20K all-time high

Bitcoin is nearing its all-time high but there is one remaining resistance area that buyers must push through. Bitcoin (BTC) traders are pinpointing the order books of major exchanges that show the $19,500 level is a near-term resistance level. Bitcoin rejects $19,500 for now On Nov. 25, Bitcoin price was rejected at $19,500 with a relatively large volume across top spot exchanges. On Binance, for example, BTC price hit $19,484 before seeing a slight pullback to sub-$19,300. BTC/USDT 4-hour chart (Binance). Source: TradingView.comThe minor rejection likely occurred because of the stacks of sell orders between $19,450 to $19,550. A popular…

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$20K BTC Price Likely As Trump Authorizes His Administration To Biden

A $20K BTC price level is likely as the current president Donald Trump authorized his administration to cooperate with the president-elect Joe Biden’s transition team as we are reading more in today’s Bitcoin news. The number one cryptocurrency increased on Tuesday, a few hours after the General Services Administration’s head Emily Murphy informed Biden that Mr. Trump approved the government transition process officially. The statement came right after Michigan certified the election results but the state didn’t find evidence of voter fraud as it was claimed by Mr. Trump. The BTC-to-USD exchange rate was up by 0.17 percent which is…

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2 counterarguments for CNBC’s Brian Kelly who sees a $19K Bitcoin top

CNBC “Fast Money” host Brian Kelly names three factors that could potentially cause a Bitcoin pullback to occur. CNBC Fast Money trader Brian Kelly sees three potential signs of a price top as Bitcoin (BTC) hits $19,000. Both fundamental and technical factors suggest a pullback could be imminent as the rally becomes overextended. BTC/USDT 1-hour chart (Binance). Source: TradingView.comKelly named three reasons why a short-term Bitcoin pullback might occur. The reasons were the pump of altcoins, overpriced address growth and high funding rates. On Nov. 25, he said on CNBC: “I’m still a Bitcoin bull. In the long run, I’m going…

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Bitcoin price, altcoins and the Dow set record highs as bulls run the market

Bitcoin topping $19,400, altcoins rallying by triple digits and the Dow setting an all-time high at 30,000 show bulls are running all corners of every market. On Tuesday the bulls showed that they are in full control of the crypto market as Bitcoin (BTC) rallied to $19,418.97 and several top-10 altcoins went on a double-digit rampage to new 2020 highs. Notable performers of the day were Stellar Lumens (XLM) and XRP with a 53% and 38% gain respectively.  Daily cryptocurrency market performance. Source: Coin360With all the excitement and anticipation surrounding the possibility of BTC moving to $20,000, crypto traders may…

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Binance trading volume tops all-time high with $37B in a day

Trading volume on the world’s most popular crypto exchange has surged following a rally of the top three tokens. With Bitcoin within $1,000 of its all-time high price of $19,891 set in December 2017, trading on major crypto exchange Binance is also hitting new heights with more than $37 billion in volume in the last 24 hours. According to data from CoinMarketCap, the daily trading volume of Binance has now hit $37,291,444,117 which is up 40.5% in the last 24 hours. Last week, the analytics site reported $25 billion in trading volume for Binance. In addition, Bitcoin (BTC) futures open…

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Bitcoin Bearish Reversal Beings, Analysts Explains Why

A bitcoin bearish reversal has just started and paused the BTC rally which made it successive to a major pullback according to analyst Vince Prince so let’s read more in today’s latest Bitcoin news. Prince said on Monday that there’s a 35 chance that the BTC price will fall in the upcoming sessions citing a textbook technical indicator that foresees bearish reversal patterns. The head and shoulders pattern appeared during an asset uptrend and the traders usually confirm it once they see the formation of three peaks on the baseline support level. the middle peak is taller than the two…

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Mike McGlone: Bitcoin Likely to Hit $170,000 In Two Years

Bloomberg’s Mike McGlone has emerged to mention that the price of bitcoin could potentially reach $170,000 come 2022. McGlone Is Always There When Bitcoin Spikes McGlone is a leading expert when it comes to bitcoin and the price trends its follows. He commented in a recent interview that over the past year, bitcoin has followed a specific pattern of adding a zero to its price following every 12 months. For example, he comments that bitcoin ended 2019 in the $7,000 range. Now, it is trading for more than $10,000 more, thereby adding another zero to its string of numbers since…

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Google Trends shows ‘Bitcoin’ searches at 2020 high as BTC tops $19.4K

Google Trends data show searches for ‘Bitcoin’ rose to a yearly high as BTC price rallied to $19,400. Today Bitcoin (BTC) price extended its rally toward a new all-time high as the price surged to $19,412 in the morning trading session.  Daily cryptocurrency market performance. Source: Coin360Determining the actual all-time high for BTC is somewhat debatable as various exchanges have different figures listed. For example, Coinbase has registered $19,892 as Bitcoin’s peak, whereas BitMEX and Binance have $19,891 and $19,799 respectively. Thus, for most traders, $20,000 is likely to be the primary focal point that will solidify BTC reaching a…

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Will ‘money printer go brrr’ rob Bitcoin of its all-time high?

What price high must Bitcoin hit to account for the past three years of U.S. dollar inflation? Bitcoin's (BTC) price rose to almost $20,000 in 2017 before losing more than 80% of its value to a multi-year long bear market. In the years since, the asset has never again come close to these price highs — until now. At time of publication, crypto's first currency is once again trading a few percentage points away from its previous milestone. While crossing $20,000 may soon be celebrated as a psychologically significant threshold, Bitcoin will not actually reach its all-time high in terms…

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Could the Bitcoin Market Cap Reach $1 Trillion? Some Analysts Think So

No doubt bitcoin has had a rather solid year thus far, but it looks like things may be on the verge of exploding even further. The currency has doubled its price in the last six months and has recently surpassed its market capitalization from 2017. Bitcoin Is Surging Like Never Before Many analysts believe the asset could be on the verge of reaching a $1 trillion value. One of these figures is Bloomberg Intelligence senior commodity strategist Mike McGlone, who in an interview said: $20,000 bitcoin is [the] primary hurdle towards [a] $1 trillion market cap. The digital version of…

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Bitcoin price has now only been higher one day in history

Nov. 24 generates the second highest daily price ever for Bitcoin, with November already its best month in terms of dollar gains. Bitcoin (BTC) is currently having its second-highest trading day ever as BTC/USD hitting a new multi-year high of $19,330.  Data from Cointelegraph Markets and TradingView provided a cause for celebration on Nov. 24 after Bitcoin suddenly tackled $19,000 resistance. BTC price sees second best day ever Against a backdrop of rapid gains and the temptation of breaking all-time highs around $20,000, the achievement has not gone unnoticed on Bitcoin figures. Ryan Selkis, founder of data resource Messari, noted…

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Bitcoin price now eyeing $20K after XRP shocked the crypto market

Bitcoin reached $19,000 quickly after it plunged to $18,000 following an XRP flash crash on Coinbase. The price of Bitcoin (BTC) surpassed $19,000 on Nov. 24 for the first time in nearly three years. It followed an XRP flash crash on Coinbase, which trembled the crypto market. The two incidents could be entirely coincidental. Although considering that BTC price surged almost immediately after the XRP drop, there could be a correlation. BTC/USDT 4-hour chart (Binance). Source: TradingView.comHow XRP’s price rally could have triggered Bitcoin to new highs As Cointelegraph reported on Nov. 24, the price of XRP spiked by nearly 80%…

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Gold Crashes As Bitcoin’s Price Reaches Record High Levels

Gold crashes as Bitcoin’s price reaches record high levels since the price of gold is around $1,838 per ounce while BTC is trading at $18,402 at the time of writing of today’s Bitcoin news. Bitcoin was buoyed by corporate investments and didn’t really do anything after the US Election ended. Bitcoin nearly reached its all-time high from 2017 but it now seems that economic crises are the fuel that Bitcoin needs. While 2020 was probably the worst year for the global economy, BTC managed to recover from the losses in value from 2018 after the extended bearish correction. The price…

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Simple steps to get started trading Bitcoin

You don't need thousands of dollars to invest in Bitcoin and getting started is not as difficult as you might think. As Bitcoin (BTC) keeps gaining momentum, the fear of missing out on investing in the world’s largest cryptocurrency is growing each day. On Nov. 18, Bitcoin (BTC) broke a $18,000 price mark for the first time since December 2017, less than a 10% away from its all-time high price of $20,000. As some analysts believe that an upcoming $20,000 threshold is not the end but the start of Bitcoin’s upcoming explosion to a $1 trillion asset, it may still…

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Key Bitcoin and Ethereum options metrics show traders are wildly bullish

Ethereum price is now the center of attention but options data shows pro traders are still wildly bullish on Bitcoin price. In the last few days, Bitcoin (BTC) price has underperformed Ether (ETH) by almost 20%. Even though BTC seems to be struggling to break the $18,800 barrier, both cryptocurrencies display the same bullishness according to derivatives markets data. BTC/USD and ETH/USD at Bitstamp. Source: Digital Assets DataEther is entering a parabolic rally as its Eth2 network launch progresses, and this optimism is reflected in the options markets. Despite the lack of similar price action from BTC, Bitcoin traders seem…

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