🌟Daily Crypto News - Nov 18, 2020🌟
1️⃣Why traders think a Bitcoin ‘blow-off top’ will occur above $18,000
Bitcoin price is chasing after $18,000, but the shorter consolidation phase of this rally has led some analysts to expect a blow-off top.
2️⃣Grayscale survey connects COVID-19 pandemic to new Bitcoin purchases
Survey data from Grayscale Investments shows the coronavirus pandemic played a role in new investors decision to buy Bitcoin.
3️⃣Why Bitcoin's market cap just hit a new record high before the price did
Despite Bitcoin rallying to post a new all-time high for market cap, the milestone appears to have failed to attract the attention of the mainstream media and general public.
4️⃣Institutions help drive rally as Bitcoin ETP volumes surge 50%
Bitcoin and crypto ETPs have surged in market cap and volumes as institutions buy up BTC.