🗞 Daily Crypto News & Video November, 15th💰

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Avatar for CryptoLemon
3 years ago

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis.

Enjoy!

Today is a weekend day so no Daily Video but you can check out the news below !

🗞 Bitcoin Rally Falters as Price Drops Below $16K

Bitcoin’s price quickly dropped below $16,000 Saturday morning, putting the rapid rally seen in recent weeks on pause.

  • Around 10:00 UTC, the cryptocurrency dropped as low as $15,750, having hit highs over $16,300 in the Asian trading hours.

  • As reported earlier this week, analysts had been expecting bitcoin (BTC, +1.56%) to move into consolidation for a time, and possible to see a pullback.

  • That's because the rally from $9,800 to over $16,000 over the past two months looked overstretched on the technical charts.

  • They anticipated, however, that the run toward bitcoin's record high of around $20,000 would pick up the pace again, likely in December.

🗞 Roger Ver: Bitcoin Cash Hard Forks Could Have Thwarted PayPal Support

There are still a lot of uncertainties around the scheduled Bitcoin Cash fork event on Nov. 15, but one thing is for sure: The cryptocurrency’s biggest advocate, Roger Ver, executive chairman of Bitcoin.com, is not a fan of the scheduled upgrades on the network, which take place every six months.

“If PayPal knew that this sort of contentious hard fork was likely to happen, maybe they wouldn’t have added bitcoin cash at all to their roadmap,” Ver told CoinDesk in an interview, referring to PayPal’s recent announcement to add cryptocurrencies – bitcoin cash included – to its system. “So it is really a big problem to have these contentious hard forks. I’d like to see that come to an end.”

As of press time, PayPal hasn’t responded to CoinDesk’s request for comment on the upcoming fork event. Paxos, the company that provides crypto service for PayPal, rejected CoinDesk’s request to comment on the topic.

https://www.coindesk.com/roger-ver-contentious-forks-paypal-support-bitcoin-cash?jwsource=twi

🗞 Grayscale Buys $240m in Bitcoin In Largest Capital Raise Week Ever

Grayscale, which runs the Grayscale Bitcoin Trust (GBTC), bought this week another 15,114 Bitcoin ($241 million). GBTC holds 481,711 Bitcoin, representing 62% of all Bitcoins in the ownership of publicly-traded companies.

  • Grayscale this week bought another 15,114 Bitcoin ($241 million), bringing the total number of Bitcoin the company owns to 506,000, or $8.1 billion. The company now manages a total of $10 billion worth of cryptocurrency.

  • Grayscale Bitcoin Trust (GBTC), which was created in 2013, is the company’s biggest trust. The total value of assets managed by Grayscale Bitcoin Trust (GBTC) now exceeds $8.2 billion.

  • GBTC holds 481,711 Bitcoin, which corresponds to 62% of the 814,359 Bitcoins in the ownership of publicly-traded companies.

🗞 BTC Options Open Interest Surges, Traders Look to an Unfilled Bitcoin Futures Gap at $18K

Bitcoin prices have been volatile during the last few weeks, but have managed to climb higher in value at the same time. This week bitcoin derivatives markets, specifically futures and options, show that crypto asset traders should expect more swings going forward. Some traders believe that the digital currency’s price could fill two unfilled gaps on CME Group’s Bitcoin Futures chart with an upward trajectory toward $18,000.

During the last few days, bitcoin (BTC) spiked over the $16k handle, as numerous cryptocurrency markets have seen some significant gains this week. On Sunday morning, November 14, 2020, BTC’s price slid under the $16k zone to a low of $15,750 during the early morning trading sessions (EST).

CME Group, Okex, and Ledgerx follow Deribit’s lead, and CME’s open interest has been growing massively. In crypto derivatives markets that tend to bitcoin futures and perpetuals, open interest has also reached an ATH this month.

🗞 Daily Crypto Calendar, November, 15th💰

  • Bitcoin Cash (BCH)

"Bitcoin ABC and [Amaury Séchet] have announced they are forking away from Bitcoin Cash on November 15..."

  • Dock (DOCK)

"Token Swap start", during early Q4 2020.

  • Matic Network (MATIC)

"... IP-based rate limiting will be put in place from 15 Nov 2020..."

  • Zeedex (ZDEX)

"We are Glad to announce that our Mainnet on BSC is coming out on 15th November."

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Avatar for CryptoLemon
3 years ago

Comments

Amazingly written

$ 0.00
3 years ago

Just hoping that, bitcoin cash will be so high one day. It's demand will be so good more than today

$ 0.00
3 years ago

Keep your hopes high. We will get there. At least there's a @RogerVer who knows what's he's doing. Amaury is good developer, but this is all turning BCH apart. Hopefully the dip and the people running away from BCH won't be too deep or too many.

$ 0.00
3 years ago

Yeah, you are right

$ 0.00
3 years ago

Nice article Dear

$ 0.00
3 years ago

The BCH fork is the hottest news no doubt for us all. Maybe in other ambients is inconsequent but here we're all with our eyes opened (sleepy but fearsome).

$ 0.00
3 years ago

Not a good day for bitcoin cash. BCH keep dropping it's value

$ 0.00
3 years ago

It was to be expected. Many have fear and sold. The pullback is significant. We may drop to previous months values (220-240$)

$ 0.00
3 years ago

Lets see what happend next

$ 0.00
3 years ago

The fork is quite approaching, just a few minutes left.. We are excited and worried at the same time.

$ 0.00
3 years ago

Market is already reflecting a drop. Let's see how far it dips.

$ 0.00
3 years ago

Let's see. For sure it will still surge up..

$ 0.00
3 years ago

On time it will, personally we believe the dip is just beginning, the market sentiment is mostly fear (and uncertainty). Expect at least a 20$ drop in price and hold your breath.

$ 0.00
3 years ago

Oh men.. That's why i swapped some to stablecoins 😁 and once it happens, i will buy more bch 😆

$ 0.00
3 years ago

So we did. 2BCH to USDT at 270$ now is just matter of waiting.

$ 0.00
3 years ago

Is it safe to swap this time? Seems like the fork isn't done yet.. Th connection not stable yet.

$ 0.00
3 years ago

Don't do it just yet. Wait a little and update every wallet your using. We have just noticed a problem with Bitcoin.com wallet. Let's see if updating it, solves the problem.

$ 0.00
3 years ago

We also noticed that the stablecoins drops a little.. I thought it is already stable and won't change?

$ 0.00
3 years ago

Stablecoins are stable not unmovable. In other words they reduce the price variations to a minimum but still there's some variation.

$ 0.00
3 years ago

This is the way to go @jane and @monolith ! Buy the Dip ! Do any of you has a very good video about the fork, impacts etc... Impartial analysis ? :D

$ 0.00
3 years ago

No I don't have.. Do you have any updates regarding the fork ? 😅

$ 0.00
3 years ago

I didn't this update news. Thank you so much for your information.

$ 0.00
3 years ago

keep updating, its will help other

$ 0.00
3 years ago