Bitcoin in the last days of October was in the corridor from 60 to 61 thousand dollars, which is 2 thousand dollars less than the level that would be logical in accordance with the forecast model of S2FX. The departure of the cryptocurrency from the absolute record in the region of about 66 thousand dollars raises the question, will the price correction be multi-stage? The fact that bitcoin on November 1 turned out to be slightly above 60 thousand dollars (60.5 thousand…
@BOMBERuss in November 2021
Bitcoin (BTC) completed a month over $60,000 for the first time in history! After the recent update of the historical maximum, bitcoin (BTC) closed October trading at $61,299. At the end of the week of October 25-31, bitcoin (BTC) strengthened only slightly, but in this case, it was not the scale of the movement that was important, but its form. BTC turned the $59,000 area into support and formed a long lower wick (green icon). This is a sign of pressure from buyers. In…
The price of the Polkadot token has updated the historical maximum above $50 after the project developers announced that the Polkadot board approved the activation of the parachains mechanism. Now this issue has been put up for public discussion. If it is adopted, the developers will open the possibility of registering parachains from November 4. During the day, the Polkadot token has risen in price by 13%. At 10:25 on November 2, altcoin is trading at $48.4, and its…
The bitcoin exchange rate on the Binance crypto exchange increased by $2 thousand (3%) in an hour. At 13:45 Moscow time on November 2, the first cryptocurrency is trading at $63.2 thousand. The capitalization of the asset exceeded $1.19 trillion, according to Coin Gecko. Bitcoin has risen in price by 33% in a month. On October 20, the bitcoin exchange rate updated the historical maximum above $ 67 thousand. After that, the quotes began to decline. On October 28, the value of…
The Ethereum 2.0 network based on consensus with Proof of Stake (PoS) is critically vulnerable to on-chain attacks. This is the conclusion reached by researchers at Stanford University and the Ethereum Foundation in a joint report. According to analysts, the exploit allows an attacker to reorganize the consensus chain and censor the Ethereum network. "... [the attack] allows an attacker with a vanishingly small proportion of coins stuck and a lack of control over the…
TECHNICAL INDICATORS OF THE ETH PRICE Trading volume: Yesterday, trading volume was significant and raised ETH above $4,500. If buyers continue to dominate the market, ETH may rise in price until it meets the next key resistance. RSI: The RSI has reached higher lows on the daily timeframe and at the time of publication of this message, it seems that it still does not dare to break above the level of 70 points. A break above will be a clear signal that ETH is very optimistic…
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▲▲▲Bitcoin Whales and Hodlers are preparing for the Bitcoin Mega Rally!!! Over the past week, the world's largest cryptocurrency has consolidated in the range of 62 to 6Z thousand dollars. Prior to this growth to $67,000, the launch of the first bitcoin futures ETF in the United States, the activity of institutional investors and the easing of regulation succeeded. From where, according to this Glassnode, these fluctuations were a little bit on the reins of bitcoin hodlers…
Altcoins Solana (SOL), Avalanche (AVAX) and IoTeX (IOTX) have soared so high that they have surpassed their own ATH. It looks like this month can really be read promising. According to the trader, Solana shows itself in the best way. At the time of writing, SOL was trading at $241.14 with a 7-day gain of more than P1%. Its market capitalization was $ 72.6 billion, which put the cryptocurrency on the 4th place in the top 10 best cryptocurrencies of the Coingecko rating.…
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Comparison: Solana and Balance Smart Chain. While each L1 has its advantages and disadvantages, the competition between the different blocks increases enormously. While Ethereum maximalists preach that it is difficult to defeat a protocol that is completely decentralized and fault-tolerant, supporters of networks such as Solana and Binance Smart Chain are confident that they will continue to contribute to the growth of the user community. That being said, we have yet to see…
The Shiba Inu (SHIB) rate has sunk from the historical maximum by 50%, but has now reached the first potential area for a rebound and may find support. The SHIB exchange rate updated the historical maximum on October 28 at $0.00008854, but has been declining since then. As a result, the price reached a low of $0.00004312 on November 4. The drawdown was 52%. The maximum was formed inside an area suitable for the role of a potential vertex. It was set between the Fibo level of…
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BNB rose more than 10% today and broke the $600 level before the bears pushed it away. The momentum for BNB remains very strong, and a test of the historical high of $692 is becoming more likely every day. This surge occurred after a serious breakthrough of the blue pennant, which was successfully tested as support. BNB is expected to be the leader in the current bull market, with a clear path up. #CryptoTrading
The market cools down after the launch of an investment product leading to a consolidation phase, as QCP Capital notes in a recent report. The price movement may continue its crab trend, as volatility will decrease, according to the firm, in recent days at the level of 60%. As a result, the overall market sentiment seems bearish or at least uncertain. Most bitcoin traders and investors are counting on further profits, as November has historically been an optimistic month for…
Bitcoin and Altcoins: We are still trapped in the 60200-62400 range. The index continues its decline, giving the top altcoins to show their growth. SOL is again updating its highs above $ 250 and BNB is not far behind it, which showed an exit above the $ 600 mark. It is a little surprising that the "old" altcoins: ADA, LTC, XRP have not yet shown the real strength of the altseason. The priority option for the Bitcoin price movement for the weekend is to exit and consolidate…
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Financial analyst PlanB makes forecasts for the target price of bitcoin in the first quarter of 2022 and shows when, in his opinion, BTC will make a hyperbolic surge and surpass all other assets. In an interview with Anthony Pompliano, a well-known cryptanalyst, says that based on his various models, bitcoin could grow by as much as 700% by the beginning of next year. If you look at the signals along the chain right now, then I dare say that the price will reach the top in…
Bitcoin has risen sharply tonight and is trading above $66,000 at 12:10 Moscow time. The jump occurred simultaneously with the message of the founder of Digital Currency Group and Grayscale Barry Silbert that an "important week" awaits us. What exactly Silbert meant is still unknown. Last week, there were reports that the Digital Currency Group is selling shares to investors represented by SoftBank and Google at a valuation of over $ 10 billion. Prior to that, the Digital…
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A few days ago, Ethereum co-founder Vitalik Buterin published a post on his personal blog dedicated to the Halo protocol. "Introduction to cryptographic methods used in Halo (recovery for Zcash) and other distinctly new protocols. No paired connections, no trusted settings!" According to Suta, this is a decent long description of the technical features of Halo from the point of view of "moving towards a faster, more efficient and harmless ZK-SNARK". ZK-SNARK "is a "short…
The bitcoin exchange rate crossed the $ 67 thousand mark and broke the historical record, follows from the Binance exchange trading data. On the website of the CoinDesk service, which collects data from the largest cryptocurrency platforms, by 02:20 Moscow time, the cost of the cryptocurrency was $67,699. #CryptoTrading
Evaluation of the dynamics of the supply side. Online analysis gives us an idea of the movement of coins between the wallets of investors, exchanges and other subjects of the network. Generally speaking, we use a combination of the lifetime of coins (the time since they were last moved) and heuristics to distinguish between experienced "smart money" and new investors without experience. A typical behavior when bitcoin prices are approaching record highs is that long-term…
Cryptocurrency Market and Numbers: On the morning of November 9, the bitcoin exchange rate on the crypto exchange Currency.com for the first time in history, it exceeded $68.5 thousand. Over the past week, the cryptocurrency has risen in price by 11%. The wave of growth started at the end of September, when bitcoin was trading at $ 40 thousand. Since then, it has increased in price by 70%. Over the past five days, large holders of bitcoin, whose addresses store from 10…
Over the past two days, LTC has made a major breakthrough, adding just over 21% in 24 hours. In addition, LTC has set a 6-month high. Litecoin broke through the resistance at $236 and turned it into support. The next major resistance can be measured at $370, which is very far from the current price and will definitely require sustained bullish momentum. The trading volume is quite high – $ 4.2 billion, but it is important to remember about the exhaustion of bulls and that…
At the time of the rollback of Bitcoin and Ethereum, speculators shifted their assets and attention to the forks of Bitcoin Cash and Ethereum Classic led the morning growth in the ranking of the top 30 cryptocurrencies. The fork rally has become a traditional phenomenon at every update of historical highs. At one time, these cryptocurrencies appeared due to the branching of the blockchain at the time of the hard fork, supported by a group of miners who disagree with the code…
Cryptanalyst Nicholas Merten believes that altcoins can be on the branch of capturing a huge share of the digital asset market. In an interview with cryptanalyst Scott Melker, Merten said that he follows the dominance of altcoins, equating the market capitalization of the entire altcoin market with the market capitalization of bitcoin. According to him, this metric appears to be a good indicator of the risk that crypto investors are willing to take on the market. At the…
The region is $53 thousand. still asks for the test as support and its successful retention will be an optimistic signal. This level has not been tested since the breakout, so it would be better to end it now, if possible. #CryptoTrading
Let's take a quick look at Ethereum - only to see that it actually holds up quite well against bitcoin. This gives me more confidence that what is happening is just a healthy local correction. #CryptoTrading
Is the sharp morning growth of cryptocurrencies a tactical move of the bulls or a fundamental trend? The general wave of growth has "overwhelmed" digital currencies, most altcoins and tokens demonstrate a double-digit percentage rise in the course of the first four hours of morning trading. The reason for the growth was the news on the release of the White Paper of the global Bitcoin exchange, published by Twitter founder Jack Dorsey. A well-known entrepreneur will release a…
Altcoins have set new price records due to the fall of Bitcoin. Let's look at some of them. AVAX This is a first-level blockchain protocol, the popularity of which has increased during 2021. about the ecosystem of decentralized finance (DeFi) and non-refundable tokens (NFT) have grown. This was due to the low fee for the protocol, which attracts users and liquidity from Ethereum. VORTEC from Cointelegraph Markets Pro began to detect a bullish forecast for AVAST on November…
The analysis of the capitalization of cryptocurrencies hints at the beginning of the altcoin season! The total value of digital currencies increased following the results of yesterday's trading, managing to gain a foothold above the important level of $ 2.5 trillion, unlike Bitcoin. The exchange rate of the main cryptocurrency ended the day below the $ 60 thousand mark, the share of dominance during the session decreased to 40%, very close to the minimum mark of the year.…
The President of El Salvador, Naib Boucle, spoke about plans to build a bitcoin city at the foot of the Conchagua volcano in the south-east of the country, which will help in the production of cryptocurrencies, BBC News reports. According to the head of the republic, the city will be a form of a large coin, and it is planned to use the geothermal energy of the volcano for bitcoin mining. He added that the city will have everything necessary for people's daily lives.…
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The Bitcoin Whale wallet containing 1,299 BTC has been activated after eight years! The Bitcoin whale wallet has been reactivated after almost a decade of inactivity. Wallets that are reactivated after a long period of inactivity are no longer news to the market at the moment. These wallets typically contain tens of millions to hundreds of millions of dollars by the time wallet owners reactivate them. Bitcoins on these wallets were purchased at very low prices, but the…
For most of the weekend, the mood of analysts could be expressed with a simple phrase: "It could have been worse." After reaching a low of $55,600, bitcoin rose slightly, and on Saturday it was even able to reach $60,000. But it failed to gain a foothold there, which did not prevent the asset from making another attempt to rise to $60,000 before it collapsed again. Monday did not bring good news for crypto and bitcoin was trading at $57,000, clearly indicating that the…
The Shiba Inu meme token has been declining for the fourth week in a row and at the time of publication is trading at $0.00003767, having lost another 9% of its value per day and more than 50% relative to absolute highs. The decline occurs against the background of the liquidation of the token by large holders, according to blockchain data. According to Nansen, more and more investors with significant assets in SHIB are reducing the size of positions in order to fix profits.…
According to the analytical company Sentiment, bitcoin whales continue to buy on the fall of the exchange rate. The company's Twitter account noted that active bitcoin whale addresses containing from 100 to 10,000 BTC accumulated about 40,000 BTC during the price drop last week. At the time of writing, bitcoin was trading at $57,308, which in fiat currency was approximately $2.2 billion. #CryptoTrading
Justin Bennett informed his 90,400 Twitter followers that setting ETH on a chart with Bitcoin (BTC)it may lead to a jump in the number two cryptocurrency to the levels of 0.105 and 0.160 BTC, which is about $6000 and $9100. "ETH/BTC looks cheerful. I think that in the coming weeks ETH will surpass almost everything." When considering broader trends in the field of cryptocurrencies, the analyst suggests that the lame BTC ETH can also offer investors hints about where the…