4 reasons Bitcoin’s climb to $16k is such a volatile rollercoasterBTC $16,063 (+1.1%) • ETH $455 (-2.8%) • XRP $0.25 (-2.3%)
Ad: SwissBorg — One app. 4 exchanges. Best rates. Download the App →
The price of Bitcoin hit $16,000 on November 12 and it is exhibiting extreme volatility. After BTC achieved $16,150, it fell to as low as $15,600 within two hours. There appear to be four major factors behind this volatility. The potential catalysts are a miners’ sell-off, whales taking profit, the significance of the $16,000 resistance level, and the lack of clarity in market direction. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Tezos “Delphi” upgrade goes live with faster transactions and lower feesThe fourth upgrade to the Tezos network went live earlier today at block 1,212,417, as per a tweet by its foundation and code maintainer. Why DeFi majors Yearn.finance, Aave, SNX plunged amid overnight BTC rallyOvernight, on November 11, the price of Bitcoin rallied by nearly 4% as it neared $16,000. One of China’s biggest banks is allowing investors to buy bonds with BitcoinChina Construction Bank (CCB), one of the country’s “big four” financial players, is planning to raise up to $3 billion from a sale of bonds that individuals and institutions can trade in and out of using Bitcoin and the US dollar, financial publication WSJ reported Wednesday. Analyst: Hash rate signal that preceded Bitcoin’s recent 100% rally will soon appearThe Bitcoin hash rate dove strongly in late October. Bitcoin enters “extreme greed” zone as BTC price nears $16kAccording to various on-chain metrics, Bitcoin (BTC) is entering the greed zone as price nears $16,000. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
If you liked this post from CryptoSlate, why not share it? © 2020 Zenzio Incorporated Unsubscribe
|
