Bitcoin price, altcoins and the Dow set record highs as bulls run the market

On Tuesday, the bulls showed that they are in full control of the crypto market as Bitcoin (BTC) rallied to $19,418.97 and several top 10 altcoins went on a double-digit rampage to new 2020 highs. Notable performers of the day were Stellar Lumens (XLM) and XRP with a 53% and 38% gain respectively.  Daily cryptocurrency market performance. Source: Coin360 With all the excitement and anticipation surrounding the possibility of BTC moving to $20,000, crypto traders may have missed an equally impressive performance in traditional markets. On the same day the…

Read More

BTC record in sight, ETH rallies, Uniswap disaster: Hodler’s Digest, Nov. 15–21

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.   Top Stories This Week Ray Dalio might be wrong Path to $20,000 Bitcoin price now wide open after previous resistance breaks Is… is this happening?! After encountering resistance at $18,420 (a price that was unthinkable even a few days ago), Bitcoin surged to new highs of $18,817. The…

Read More

BTC record in sight, ETH rallies, Uniswap disaster: Hodler’s Digest, Nov. 15–21

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.   Top Stories This Week Ray Dalio might be wrong Path to $20,000 Bitcoin price now wide open after previous resistance breaks Is… is this happening?! After encountering resistance at $18,420 (a price that was unthinkable even a few days ago), Bitcoin surged to new highs of $18,817. The…

Read More

Ether wallet addresses with at least 1 ETH hit record high

The Bitcoin (BTC) bull run may be dominating headlines, but the stalwart cryptocurrency isn’t the only coin to be showing strong positive indicators. According to data from Glassnode alerts, the number of Ether (ETH) wallet addresses holding a minimum of 1 ETH hit an all-time high on Nov. 19: #Ethereum $ETH Number of Addresses Holding 1+ coins just reached an ATH of 1,170,598 Previous ATH of 1,170,508 was observed earlier today View metric:https://t.co/IuKpD48IXd pic.twitter.com/jOvadjvSgK — glassnode alerts (@glassnodealerts) November 19, 2020 As of press time, Ether is trading at over…

Read More

Bitcoin Cash hits record lows vs. Bitcoin days before hard fork

Altcoin traders continue to feel the pain as Bitcoin (BTC) gains, while Bitcoin Cash (BCH) hits new all-time lows.  Data from Cointelegraph Markets and other sources show that as of Nov. 10, BCH is worth less in BTC terms than ever before. Bitcoin Cash plunges to new BTC lows At press time, BCH/BTC traded at 0.017 BTC, comfortably beating its previous record low of 0.0245 BTC seen in December 2018. The hard fork of Bitcoin has seen little attention this year, as investors focused on Bitcoin and then the decentralized…

Read More

Record $816M in Bitcoin leaves Binance — Are whales preparing for a rally?

Binance saw its biggest Bitcoin (BTC) outflow in history on Nov. 3, according to data from CryptoQuant. A total of 58,861 BTC were withdrawn on a single day, equivalent to $816 million. The significant spike in outflows could suggest two things. First, it might show that whales could be bracing for a rally in the near term. Second, an over-the-counter deal could have occurred, causing whales to move their funds. Bitcoin outflows on Binance. Source: CryptoQuant.com On-chain activity surges highlight Bitcoin whale movements In addition to the unprecedented increase in…

Read More

Ethereum’s fees higher than Bitcoin’s for a record two straight months

Ethereum (ETH) transaction fees have exceeded those on the Bitcoin (BTC) network for two months straight. Crypto market data aggregator Messari tweeted about the streak on October 8, noting it is the longest period that Ethereum’s transaction fee revenue has exceeded Bitcoin’s in the crypto asset’s history. Ethereum fees have been higher than Bitcoin fees for 2 months straight. It’s longest streak ever pic.twitter.com/2KgnNBcrrT — Messari (@MessariCrypto) October 8, 2020 Ethereum fees skyrocketed into new all-time highs during August as the decentralized finance (DeFi) bubble began to shift into high-gear.…

Read More

Uniswap payday, ETH transactions hit record high & EU backs stablecoins

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   Frenzy as Uniswap launches new governance token Uniswap stole the show this week when it announced it was launching UNI, its very own governance token. A total of 1 billion tokens will exist, and anyone who has ever used the platform can claim 400 of them. Thousands came forward to accept their reward, and at one point, the airdrop was worth a cool $3,356.…

Read More

Record $1B in tokenized Bitcoin shows BTC holders want a slice of DeFi

After failing to hold the $11K mark and exposing what some analysts have described as a general apathy to trade BTC at these levels, Bitcoin (BTC) price is once again flirting with $11,000.  As suggested by Cointelegraph contributors Marcel Pechman and Micheal van de Poppe, a move above $11K is not a deeply significant milestone as the confluence of multiple factors, including looming overhead resistance and low trading volume decrease the likelihood that the digital asset will breakout once above $11K. Cryptocurrency daily market performance snapshot. Source: Coin360 The supposed…

Read More

Lightning Network TVL Record Demonstrates Progress – Bitcoin Magazine

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! This week, the Lightning Network set a new record for the dollar value held in its payment channels at $12.6 million, according to data shared by Bitcoin Visuals. This metric is also known as the total value locked (TVL) in Bitcoin’s second layer payments solution and demonstrates the amount of money that users have moved into the channels, which let them quickly and efficiently transmit value to…

Read More