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Bitcoin SV Merkle Inclusion Proofs Upgrade Open for Public Review

The Bitcoin SV (BSV) Technical Standards Committee (TSC) is set to conduct its first public review exercise for a proposed upgrade to the blockchain network. The planned protocol improvement is geared towards improving payment efficiency on the Bitcoin fork. TSC Green Lights Public Review of Bitcoin SV SPV-focused Upgrade According to a press release on Read MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Price analysis 11/23: BTC, ETH, XRP, LINK, LTC, BCH, DOT, ADA, BNB, BSV

Bitcoin could consolidate for a few more days as the action shifts to Ether, XRP, and other large-cap altcoins. Bitcoin (BTC) has been leading the current crypto rally for the past few weeks and this has boosted its dominance from 56% on Sep. 3 to 67% on Nov. 18. However, as Bitcoin nears its all-time high, it seems to be losing momentum as the action shifts to the altcoins. This has pulled Bitcoin’s dominance down to about 62.3%.  No long-term bull market can be led by one leader alone. There are periodic rotations when the leader enters a consolidation or…

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Price analysis 11/20: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV

Bitcoin price is back on the path to a new all-time high, and it seems altcoins intend to follow suit. Bitcoin’s (BTC) current rally has largely been led by investments from institutional investors and publicly listed companies. Data from Bitcointreasuries shows that companies hold about 4.54% of the current Bitcoin supply. A survey of 700 high-net-worth individuals chosen from across the globe shows that about 73% of respondents either own or want to own cryptocurrencies before the end of 2022. The proposed influx of money from large investors could boost demand and drive crypto prices higher. Daily cryptocurrency market performance.…

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Bitcoin SV long-term Price Analysis: 19 November

Bitcoin SV is currently stuck in a strong resistance range. In the past articles, we had discussed this particular range between $150 and $165 and collective bullish market sentiment also did not assist in a positive breach. The spike over the past 24-hour indicated a minor re-test at $180, but it quickly dropped below $165 […] The post Bitcoin SV long-term Price Analysis: 19 November appeared first on AMBCrypto.

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Price analysis 11/18: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV

Bitcoin price looks ready to consolidate after reaching a new 2020 high and altcoins may attempt to recover from their sharp losses. Within the last 24-hours, Bitcoin (BTC) price hit an intraday high of $18,466.14 and this is just roughly 8% lower than the magical $20,000 figure being watched by many traders.  However, investors in several countries such as Russia, Argentina, Brazil, and Mexico have already seen their Bitcoin holdings hit a new all-time high in their local currency. Even Bitcoin’s market capitalization has hit a new record high, topping the high created in December 2017. With institutional investors finally…

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Price analysis 11/16: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

Bitcoin has resumed its journey toward a new all-time high, and the renewed bullish momentum is pulling altcoin prices higher. As Bitcoin (BTC) continues to rally to a new 2020 high above $16,700, traders are pondering whether this is the start of a new bull market.  Mike McGlone, senior commodities strategist at Bloomberg Intelligence, believes that the main hurdle is at the all-time high near $20,000. Once that is crossed, Bitcoin could reach a $1 trillion market capitalization. McGlone anticipates the uptrend to continue in 2021, and there are a growing number of analysts who agree with his view. Veteran…

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Price analysis 11/13: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

A few altcoins are trying to start a new up-move even though Bitcoin is struggling to pull above $16,300. Data shows that Bitcoin’s (BTC) current rally is supported by greater participation from retail and institutional investors. The CME Bitcoin futures open interest has moved closer to the previous all-time high, a sign that institutional investors are becoming more interested in cryptocurrencies. Similarly, Bitcoin’s spot volume has hit a new 52-week high, according to data from Arcane research.  However, during strong uptrends, traders tend to get greedy and take on excessive leverage. Hence, large open interest on derivatives could act as…

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

Bitcoin and several altcoins are showing signs of breaking above their overhead resistance levels, which suggests bulls remain in control. Billionaire investor Stanley Druckenmiller became the latest famous name to disclose a Bitcoin position. Although Druckenmiller did not specify the quantity he had purchased, he did say that Bitcoin will outperform gold a lot more “because it’s thinner, more illiquid, and has a lot more beta to it.” Paul Tudor Jones, Stanley Druckenmiller, and Bill Miller are some of the most successful traders and investors on Wall Street. A stamp of approval from them is likely to attract several other…

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Price analysis 11/9: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

Bitcoin price is recovering well from its 6% drop to $14,800 but top altcoins are slow to follow. Professional traders are often perceived to be the smartest as they weigh the risks before investing in an asset class. Opposite to that, most retail traders only keep an eye on the possible profits and disregard the risk before investing. Therefore, the increase in the number of Bitcoin (BTC) addresses holding more than 100 Bitcoin to a seven-month high, at 16,271, could be considered as a bullish sign. Furthermore, the low search volume for the keyword “Bitcoin” suggests that the current rally…

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Price analysis 11/6: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

Bitcoin price looks slightly overextended in the short-term and may take a break while altcoins play catch-up. The United States Federal Reserve Chair Jerome Powell recently said that additional fiscal stimulus could result in a stronger recovery. He also emphasized that the Fed had enough tools to support the economy. After the winner of the U.S. election is announced, the focus of lawmakers could shift to the next stimulus package. However, additional money printing will only worsen the existing national debt which is currently at $27.2 trillion. Even though a new round of stimulus measures may be required in the…

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Justice Department Seizes $1 Billion in Crypto from Silk Road Wallet Address

Silk Road was one of the top marketplaces on the Dark Web in its time. Despite having been taken down years ago, its fruits remain prominent. In the latest crackdown, law enforcement officials have seized cryptocurrencies related to the platform, spurring a move not seen since 2015. A Historic Seizure  Earlier this week, the United States Department of Justice (DOJ) filed a judicial forfeiture action confirming that it had locked down about $1 billion worth of cryptocurrencies associated with the top Dark Web marketplace Silk Road. As the filing explained, the funds included approximately 69,370.22491543 Bitcoin (BTC), Bitcoin Gold (BTG),…

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Bitcoin SV short-term Price Analysis: 05 November

Bitcoin SV registered a local bottom at $144 on 3rd November but since then the asset has rallied back above $150. Just like the rest of the altcoin market, BSV is struggling to rally behind Bitcoin but on the short-term chart, it may indicate a bullish move over the next few hours. At the moment, […] The post Bitcoin SV short-term Price Analysis: 05 November appeared first on AMBCrypto.

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Price analysis 11/4: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

After reaching a new 2020 high, Bitcoin traders are fighting to flip $14,100 to support and Ethereum is attempting to do the same to the $400 level. Today Bitcoin (BTC) price briefly pushed through the $14,100 resistance to achieve a new 2020 high at $14,259 before pulling back to retest $14,100 as support.  Although this level represents a critical resistance, data suggests that Bitcoin whales are not closing their positions in a hurry as they expect the current rally to continue. This strong show of confidence is occurring even as there is heightened uncertainty over the result of the U.S.…

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Price analysis 10/30: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA

Bitcoin’s consolidation near a key overhead resistance is a sign of strength but the technical structure of most altcoins has weakened. Bitcoin’s (BTC) dominance has risen from about 56% in early September to above 63%. This suggests that the market participants may be rotating their investments out of altcoins to buy Bitcoin. Due to this, several altcoins have either corrected or formed a range. While legacy markets are keeping a close eye on the U.S. Presidential elections, Grayscale CEO Barry Silbert believes that Bitcoin price will gain irrespective of the result because the next President will continue to print more…

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Bitcoin SV long-term Price Analysis: 30 October

While Bitcoin SV must have felt good upon its recent re-test at $180, its quick decline to $163 would have made things a little complicated. As the market followed Bitcoin’s cue, a bearish trend was evident on every altcoins chart and BSV was no different. With a market cap of $3 billion, BSV was back […] The post Bitcoin SV long-term Price Analysis: 30 October appeared first on AMBCrypto.

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Price analysis 10/28: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA

Altcoins took a serious hit as Bitcoin dropped below $13K today, meanwhile, BTC’s macrostructure remains bullish. The equity markets across Europe closed deeply in the red and the U.S. markets are also witnessing intense selling pressure as investors fear a rise in COVID-19 cases could stall the fragile economic recovery. This increasingly negative sentiment has also dragged gold and Bitcoin (BTC) prices lower, while the U.S. dollar currency index has risen. In 2020, Bitcoin has largely acted as an uncorrelated asset, barring short periods of time when it has followed the S&P 500 or gold. Therefore, investors should take a…

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Price analysis 10/26: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA

Bitcoin and altcoins are showing signs of short-term exhaustion, meaning a few days of consolidation could occur. Morgan Creek Digital co-founder Anthony Pompliano highlighted data from Santiment, which showed that the 30-day rolling correlation between Bitcoin (BTC) and the S&P 500 is 0. Pomp stressed that the lack of correlation shows that Bitcoin is a store of value.  Along with that, Bitcoin has also outperformed most traditional asset classes such as gold, the S&P 500, crude oil, and the U.S. dollar since the sector wide crash that took place in March when coronavirus fears reached a peak. Daily cryptocurrency market…

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