Bitcoin price suddenly drops 11% when whales deposit BTC on exchanges

A Bitcoin price correction that ended at $17,250 meets analysts‘ expectations, as the historic highs of $20,000 are hard to beat.

Bitcoin (BTC) fell $1,000 in minutes on November 26, when an expected decline reached the market near $19,500.
The price of BTC hits a low of $17,250

Data from Cointelegraph Markets and TradingView showed that the BTC/USD experienced high volatility on Wednesday night.

After almost reaching $19,500 during the day, after the hour, there was a period of bearish hesitation that ended in a strong sell-off and Bitcoin Pro then bounced back to the $17,250 level, limiting daily losses to around 5%.

Money on Chain Launches New Decentralized Token Exchange Based on Bitcoin Layer 2

Many analysts had already warned that the recent gains would end in a reversal, including CNBC anchor Brian Kelly and trader Tone Vays, who on Thursday predicted a drop to $14,000.

Meanwhile, several measurements have also hinted at an imminent correction. Among them is the popular fear and greed index, which has remained at record levels throughout November.

San Andres University and Bitcoin Argentina Hold Open Seminar on Bitcoin and Blockchain

Fear and Greed Index.
Sales pressure from exchanges increases

The sudden drop in prices occurred in parallel with investors depositing large volumes on the exchanges, presumably with the goal of making profits near the historic high of $20,000 for Bitcoin.

„The average deposits of all the exchanges increased a few hours ago. It indicates that the whales, relatively speaking, deposited $BTC on the exchanges,“ Ki Young Ju, creator of the chain analysis resource CryptoQuant, summarized to his Twitter followers.

„But the long-term chain indicators say that buying pressure prevails. I still think we can surpass $20,000 in a few days.

RSK-based DeFi Protocol Launches Innovative Decentralized Exchange Concept

Deposits of crypto currencies in the exchanges in November.
Bitcoin’s fundamental indicators support the bullish theory in the future, with the difficulty of mining set for a 7.3% increase in three days and the hash rate continuing to grow.

At the close of this edition, the BTC/USD revolved around $17,900 after a modest recovery from the local lows.

Trotz des Rückgangs bleibt XRPs optimistischer Ausblick

Trotz des Rückgangs bleibt XRPs optimistischer Ausblick intakt

  • XRP sieht sich einem langfristigen Widerstand bei $1,34 gegenüber.
  • Die lang- und kurzfristigen technischen Indikatoren sind bullish.
  • XRP befindet sich wahrscheinlich in der dritten Welle der Hausse und verlängert diese.

Das Treuhandprojekt ist ein internationales Konsortium von Nachrichtenorganisationen, das Standards für Transparenz aufbaut.

Der XRP-Preis ist seit seinem Höchststand von 0,79 $ am 24. November rapide gefallen. Trotz eines starken Rückgangs laut Bitcoin Pro dürfte der XRP den Trend in der Nähe der unten skizzierten Unterstützungsniveaus umkehren und sich schließlich wieder nach oben bewegen.

Langfristige Bewegung

Der XRP-Preis ist gestiegen, seit er im Juli 2020 zunächst aus einem langfristig absteigenden Keil ausbrach. Der Preis konsolidierte sich jedoch, bevor sich die Steigerungsrate in der zweiten Novemberwoche verstärkte. Am 24. November erreichte er dann ein Hoch von 0,79 $.

Gemessen am Allzeithoch im Jahr 2018 liegt der nächstgelegene signifikante Fib-Widerstandsbereich bei $ 1,34, dem 0,382 Fib-Retracement-Level.

Trotz des potentiell langen oberen Dochtes sind die technischen Indikatoren auf dem Wochenzeitrahmen immer noch zinsbullisch, was die Fortsetzung der Aufwärtsbewegung unterstützt.

Aktuelle Rallye

Das Tages-Chart zeigt besser die Bewegung der vergangenen Woche. In den vier Tagen nach dem 21. November stieg der Preis um massive 153%, ist aber in den letzten beiden Tagen um fast 40% gesunken.

Derzeit handelt der Preis knapp über dem 0,5-Fib-Retracement-Level bei $0,48, während das 0,618-Fib-Niveau bei $0,41 direkt darunter liegt.

Trotz des Rückgangs sind die technischen Indikatoren immer noch zinsbullisch.

Die kürzerfristige Zwei-Stunden-Chart zeigt, dass das 0,618 Fib-Retracement-Level ebenfalls ein horizontaler Unterstützungsbereich ist, so dass es wahrscheinlich als Umkehrbereich fungieren wird.

Darüber hinaus gibt es weder beim RSI noch beim MACD zinsbullische Umkehrzeichen, auch wenn beide überverkauft sind. Daher wäre es sinnvoll, dass der Kurs weiter fällt, bevor er schließlich seinen Aufwärtstrend wieder aufnimmt.

Der Cryptocurrency-Händler @TheEWguy skizzierte ein XRP-Diagramm, aus dem hervorgeht, dass sich der Preis in einer ausgedehnten dritten Welle eines zinsbullischen Impulses befindet, dessen Abschluss den Preis schließlich über $ 2 bringen könnte.

Die wahrscheinlichste Zählung für XRP deutet darauf hin, dass der Preis einen zinsbullischen Impuls begann (unten weiß dargestellt) mit einem Tief, das am 13. März erreicht wurde und durch die anschließende 1/2-1/2-Wellenformation bestätigt wurde.

Wenn dies zutrifft, befindet sich der Preis jetzt in einer ausgedehnten dritten Welle und wird derzeit in Unterwelle vier (orange) gehandelt. Mit der Erweiterung der Unterwelle eins können wir ein mögliches Ziel von 0,92 $ für die Spitze der Bewegung finden.

Da das Ziel jedoch davon abhängt, wo die Unterwelle vier enden wird, handelt es sich nur um ein vorläufiges Ziel, das möglicherweise nicht so genau ist.

Ein Rückgang unter das Hoch der ersten Welle bei 0,33 $ (rote Linie) würde diese spezielle Wellenzahl ungültig machen.

Deutsche Bank: Bitcoin increasingly favored over gold

Deutsche Bank noted the recent growth of Bitcoin Profit relative to other inflation hedging assets.

BTC has risen 70% over the past six weeks as more investors start to view it as a credible investment asset.

Over the year, Bitcoin is up nearly 150%, topping gold by a significant margin

The Trust Project is an international consortium of news organizations based on transparency standards.

As Bitcoin’s price begins to stall after the recent rise, its appeal as a store of valuable assets has not waned, according to Deutsche Bank.

As the libertarian finance blog Zero Hedge reports, the investment bank’s chief credit strategy officer Jim Reid has taken note of the alpha currency’s latest moves.

He deduced:

Bitcoin is up + 3% overnight and seems to be building its own momentum. It has risen by over 70% in the past six weeks as more investors begin to see it emerging as a credible asset to invest in .

Going further, Reid said, “One of the quirks has been the dramatic divergence between gold (-3.6%) and silver (-4.4%) on the one hand and Bitcoin (+ 13.4%) on the other hand.

And that “there also appears to be a growing demand for the use of Bitcoin where gold was used to hedge dollar risk, inflation and other things.

Bitcoin has long been touted as a new and better form of (digital) gold due to its limited supply and ability to store value outside of the traditional financial ecosystem.

While Bitcoin is up almost 150% this year, gold has gained just over 20%. The commonality is that the inflation-boosting monetary and fiscal policies introduced in response to the coronavirus appear to fuel both assets.

Since the pandemic struck, central banks have tried to soften the blow by easing policy, launching programs to inject liquidity into economies around the world.

Under these conditions, many investors are looking for inflation hedging assets, and if Reid’s comments are any indicator, they are increasingly favoring Bitcoin. As of this writing, bitcoin is priced at $ 17,697, while gold is at $ 1,863 per ounce.

Maisie Williams asks fans if she should buy Bitcoin (BTC)

English actress Maisie Williams, known for her role as Arya Stark in the Game of Thrones (GoT) series, has let it be known that she is considering becoming a Bitcoiner. A question relating to Bitcoin (BTC) asked on Twitter that will have ignited the entire crypto-sphere.

Maisie Williams, „HODL the Bitcoin“

Last night, Maisie Williams , the famous actress who played Arya Stark in Game of Thrones ignited „Crypto Twitter“. The actress asked her 2.7 million followers whether or not she should “ Long on Bitcoin ” understand betting on the rise of Bitcoin (BTC).

At the time of writing, no less than 815,000 people have responded to the survey. Although the majority of voters do not advise him to invest in Bitcoin Up, the gap remains quite small: 45% for and 55% against.

According to many estimates , the fortune accumulated by Maisie Williams for her role of Arya Stark would amount to 6 million dollars , enough to acquire several dozen bitcoins.

Here’s the tweet in question that sparked all of Crypto Twitter’s buzz:

Bitcoiners in turmoil

As often when a public figure mentions Bitcoin on Twitter, the responses of seasoned Bitcoiners were not long in coming.

Most of the comments obviously refer to the universe of Game of Thrones or other series, here is an anthology of the best.

Twitter’s most popular response is from Tesla CEO Elon Musk , referring to The Witcher series:

„Throw a bitcoin at your witcher“

Barry Silbert , the founder and CEO of fund manager Grayscale , invites him to take a look at his company’s cryptocurrency investment services. Not without humor, Barry Silbert specifies that it is about Grayscale and not of its namesake “ Greyscale “ (Grisécaille), the latter being a disease of the universe of Game of Thrones:

„You should take a look at Grayscale (the other)“

Cryptocurrency exchanges did not say no to a highlight to Maisie Williams‘ followers, including Gemini:

“The crypto winter is not coming. Watch Gemini if ​​you want to „stark“ some sats! “

Billionaire investor Mike Novogratz , founder and CEO of Galaxy Digital , urges him to acquire Bitcoin:

“I bought more BTC last night at $ 15,800. It goes to 20,000 and then to $ 65,000. The network effect has taken over. I see tons of new buyers and there are very few offers. It’s an easier trade here than at $ 11,000. So YES, buy some. „

¡Bitcoin es para un público especializado! Aquí está para quién es

El reciente estudio de Grayscale sobre el inversor de Bitcoin ha dibujado un buen panorama para Bitcoin en términos de adopción. Más de la mitad [55%] de los inversores de Estados Unidos estaban interesados en los productos de inversión de Bitcoin en 2020, comparado con el 36% observado en 2019. Las razones principales de este impulso han sido la pandemia que empuja a la gente a buscar nuevos medios de inversión y Bitcoin ha demostrado que proporciona mejores beneficios después del crash liderado por COVID-19.

A pesar del repunte en la adopción de Bitcoin, ciertos grupos demográficos han expresado una falta de interés en los productos de inversión de Bitcoin. Según la encuesta de Grayscale, sólo el 40% de los inversores del grupo de edad de 55-64 años, que era el mayor de la sección encuestada, mostraron familiaridad con Bitcoin. Este valor ha sido el más bajo dentro de cualquier grupo de edad. Además, sólo el 30% de los de 55-64 años notaron una inclinación a considerar los productos de inversión de Bitcoin.

El gráfico anterior proporcionó una mejor imagen del interés que Bitcoin ha impulsado entre las masas. Aquí podemos observar que los seguidores de Bitcoin eran en su mayoría de las generaciones más jóvenes, desde Millenials a GenX.

Bitcoin concierne a los Boomers

Hemos sabido que la adopción de la tecnología ha sido difícil a medida que ascendemos en la escala de edad, sin embargo, eso no parecía ser una preocupación importante para la criptografía. Sin embargo, las preocupaciones reflejaban las circunstancias de los inversionistas de mayor edad en relación con el acceso a los ingresos de las inversiones para acercarse a la jubilación.

Mientras que otras preocupaciones sobre la volatilidad de Bitcoin afloraron en casi el 81% de los desinteresados. Sin embargo, al observar el rendimiento del mercado de Bitcoin en 2020, el activo ha reflejado una gran madurez, ya que los grandes anuncios positivos o negativos han sido absorbidos por el mercado de Bitcoin. Las noticias sobre las inversiones de Square en Bitcoin o la investigación de OKEx no tuvieron un gran impacto en el valor de BTC. Debido a estas preocupaciones como activo de inversión, el 84% dijo que BTC era „demasiado arriesgado para su perfil de inversión“.

Los inversores varones que viven en una zona rural, de 51 años de edad, que con un activo invertible entre 100.000 y 250.000 dólares declararon la razón de mantener a Bitcoin a raya como:

„No es tangible, demasiadas variables con su valor“.

Mientras que las mujeres inversoras que viven en zonas rurales, de 37 años con activos invertibles de 25.000 y 50.000 dólares, desconfiaban de los ciberataques.

„El sistema informático de nuestra empresa fue hackeado por alguien que quería un rescate en Bitcoin. No confío en ello“.

Incluso cuando la investigación dicta a los Millenios a heredar casi 68 trillones de dólares de los baby boomers en las próximas décadas, la adopción actual se ha detenido. A pesar de que la seguridad del activo era una de las mayores preocupaciones no sólo de los boomers sino también de los Millenials, las preocupaciones regulatorias y la falta de supervisión del gobierno en Bitcoin se añadieron a esta lista.

¿La adopción está en marcha?

Con los problemas existentes, la adopción puede parecer que ha estado golpeando algunos obstáculos, pero con la participación activa de las instituciones financieras, algunas de estas preocupaciones se están resolviendo. El reciente interés de MicroStrategy o DBS en lanzar su propio intercambio de criptogramas, ha posicionado la criptografía de forma positiva y ofrece la seguridad del activo digital, lo que puede convencer a una gran parte.

Dado el inesperado escenario de una pandemia definitivamente empujó a muchos inversores en la dirección de Bitcoin y con el cambio de la economía global muchos podrían mantener un espacio abierto para Bitcoin en sus carteras de inversión.

PayPal introduserer „Crypto Gambling“ til sine kunder, Rants Bitcoin Basher Nouriel Roubini

I forrige uke rystet PayPal kryptoverdenen med kunngjøringen om at de vil gjøre et par utvalgte kryptovalutaer til en finansieringskilde for kjøp hos sine 26 millioner selgere over hele verden. I løpet av de kommende ukene vil betalingsgiganten lansere en kryptotjeneste på plattformen til amerikanske kunder. Tjenesten vil tillate brukere å kjøpe, selge og holde kryptovalutaer.

En av Bitcoin Evolution sterkeste kritikere Nouriel Roubini, er ikke glad for PayPal sitt nye kryptotilbud. I en tweet på mandag sa økonomen kjent som “Dr. Doom ”koblet en artikkel publisert av andre bitcoinhater David Gerald. I henhold til denne artikkelen vil PayPal’s nye tjeneste introdusere kryptospill for amerikansk detaljhandel, noe som er dårlig for kundene.

PayPal leverer sine kunder til haiene

Gerald er kjent for å ha skrevet den skremmende boka med tittelen “Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts” som tar sikte på krypto og den underliggende blockchain-teknologien. I sin siste artikkel om PayPal antyder han at firmaet setter kundene sine opp til å bli dratt av da han beskriver den nye kryptotjenesten som kryptoens Robinhood – bare verre.

„Jeg er forvirret over at PayPal vil tilby dette. Prøver de å komme inn på det kjedelige markedet for daghandlere at apper som Robinhood lever av, bortsett fra kryptoer i stedet for aksjer? „

Han går videre for å indikere at PayPal mater brukerne til haiene ved at vanlige mennesker som bruker „crypto gambling“ -tjenesten, vil miste forferdelig for markedsmanipulatorer.

Helt ærlig, ikke alle i kryptorommet ble begeistret av Paypals plan. Dette er hovedsakelig fordi tjenesten har noen slående begrensninger som å ikke tillate brukere å ta ut eller sette inn beholdninger på kontoene sine. Som ZyCrypto rapporterte tidligere, beskrev Brad Garlinghouse fra Ripple trekket som „to skritt fremover og ett skritt tilbake“.

Gerald berørte også den samme gamle retorikken om at prisen på bitcoin er sterkt manipulert, og har for det meste blitt styrket i år ved utskrift av milliarder USDT. I samme retning har Roubini tidligere påstått at Tether-skrivere „manipulerer og støtter opp prisen på bitcoin“, og uten denne „kriminelle manipulasjonen“ ville bitcoin tanket rundt 80%.

Jeg fortalte deg det

Nouriel Roubini gled nylig over BitMEXs administrerende direktør Arthur Hayes ulykke.

1. oktober inngav CFTC søksmål mot flere enheter og enkeltpersoner, inkludert Arthur Hayes, for å ha drevet en uregistrert handelsplattform og unnlatt å innføre politikk mot hvitvasking av penger. Videre siktet det amerikanske justisdepartementet (DoJ) Arthur og andre for brudd og sammensvergelse for å bryte bankhemmelighetsloven.

Kryptoarkenesen skrøt av at han hadde advart sine følgere om BitMEX og Hayes som administrerte en „massiv kriminell aksjon“.

Australia chooses Ethereum for its central bank digital currency

Australia’s central bank today announced that it has chosen ConsenSys and Ethereum to launch a central bank digital currency (MNBC) research project. It is an about-face for the institution, which was until then very suspicious of cryptocurrency.

Australia’s central bank chooses ConsenSys and Ethereum

The Reserve Bank of Australia explained its choice in a statement released today . Research into a future Australian MNBC will be made possible through a partnership between the central bank, Commonwealth Bank, National Australia Bank, and ConsenSys, an Immediate Bitcoin review development company. The association is described as “ a collaborative project to explore the potential uses and implications of a form to large-scale digital central bank money, which would use technology registers distributed“ .

It will be for the partners to develop a proof of concept that would prove the viability of a form of tokenized MNBC, thanks to a platform based on Ethereum . The solution will explore features like “atomic” regulations, as well as other programmable and automated features.

Just like the majority of central banks entering the race, the Reserve Bank of Australia is officially very cautious :

“While the use cases of an MNBC in these markets are still open to question, we are excited to work with industry partners to determine if a large-scale MNBC would have a role to play in future of Australia’s payment systems. “

Australia opens up to cryptocurrencies

It must be said that the central bank of Australia started from afar. In 2019, she was very skeptical about cryptocurrencies, explaining:

“ No cryptocurrency operates as a currency in Australia , or as a widely used payment method. The proposals to improve scalability and volatility have met with mixed success. “

But the gradual arrival of cryptocurrencies in the country has shown interest at the local level. Gemini, the exchange of the Winklevoss brothers, had exported to Australia the same year. Australia’s largest gold refinery also followed suit by offering an asset now common in the ecosystem: a gold-backed stablecoin . Last sign of this opening: since last summer, Australians can buy bitcoins in cash… Directly in their post offices .

The about-face of the central bank of Australia is therefore notable, it shows that the major economies are gradually opening up to the field. As for ConsenSys, it is once again strengthening its status as a reference service provider. It is in fact the eighth central bank that the company supports for research in the field of MNBCs.

Fidelidade gigante de ativos de um trilhão de dólares lança novo esforço para levar Bitcoin para investidores ricos

A divisão de ativos criptográficos da Fidelity Investment, Fidelity Digital Assets, está fazendo parceria com a Stack Funds, sediada em Cingapura, para oferecer serviços de custódia de criptografia a investidores de alto patrimônio líquido na Ásia em meio ao crescente interesse em Bitcoin (BTC) e outras criptomoedas na região.

A parceria oferecerá aos clientes da Fidelity mais exposição ao que alguns ainda veem como um setor econômico nascente

O cofundador da Stack, Michael Collett, disse à Bloomberg que a conexão da empresa com a Fidelity atrairá investidores asiáticos que desejam acessar os serviços de custódia segura da Fidelity Digital Assets.

A parceria Stack não é o primeiro passo da Crypto Genius para tornar o investimento em criptografia acessível para sua clientela.

A empresa criou sua filial de Ativos Digitais em 2018 e, apenas em agosto, a Fidelity entrou com um processo na SEC para oferecer um fundo de índice Bitcoin (Wise Origin Bitcoin Index Fund, I, LP).

Stack também lançou um fundo de índice de bitcoin de grau institucional em janeiro

O anúncio da Fidelity and Stacks chega ao mercado à medida que o preço do Bitcoin continua a sofrer uma grande ação de preços na esteira do aumento do interesse institucional de empresas como a MicroStrategy e a recente adoção de criptografia do PayPal .

O cofundador da Stack destaca o interesse renovado dos clientes pelo Bitcoin meses depois que o preço da criptomoeda principal caiu para menos de US $ 4.000 em março.

“Este ano tem sido difícil para atrair as pessoas para o Bitcoin, porque ele não se cobriu de glória na desaceleração do mercado … Desde os dias sombrios de março, as consultas aumentaram novamente.