China has long been a bastion of cryptocurrency mining supremacy due to a surplus of power in the country.
Some of the world’s largest mining groups, including the likes of Bitmain’s Antpool, BTCC, BW mining and BTC.com, operate large mining operations in the country.
Mining is the backbone of cryptocurrency, as computers are needed to validate transactions stored on the Blockchain by solving cryptographic algorithms. As cryptocurrencies continue to grow in popularity around the world, the demand on the network grows.
That means countries, where energy is cheap, are the most attractive to miners, as the process is power hungry, to say the least.
China’s has cut back on its energy production in the last year due to a surplus in their energy grid, as this graph from tradingeconomics.com shows, taking data from the National Bureau of Statistics of China.
Topic: Bitcoin Ethereum Altcoin Blockchain ... DAILY NEWS (Read 401 times)
December 28 Segwit2X Fork. You can check more info here: https://b2x-segwit.io/ With all these cool features like 4mb Block size, X11 encryption, high block generation rate (2.5 minutes) looks really nice
Sign the petition to introduce "ideal" BTC to more people:
https://www.change.org/p/sign-the-petition-to-introduce-bitcoin-segwit2x-to-the-rest-of-the-world
I signed the petition and suggest you too!
Sign the petition to introduce "ideal" BTC to more people:
https://www.change.org/p/sign-the-petition-to-introduce-bitcoin-segwit2x-to-the-rest-of-the-world
I signed the petition and suggest you too!
For a long time the ultra wealthy and their money managers have been able to access a level of return on investment previously out of reach of the average person. The larger the amount being invested, the better the fund manager can be hired, and the better the deal that can be got.
As per CoinMarketCap, the world's third-largest cryptocurrency by market capitalization toppled its previous record high of $2,477.65 (Nov. 12 high) and rose to a new record of $2,501.29 at 09:44 UTC today. Bitcoin cash (BCH) was last seen trading at $2,350 levels, meaning the 21 percent rally seen in the last 24 hours has pushed the gains since its launch to 316 percent.
Meanwhile, week-on-week, BCH has appreciated 43 percent.
The stellar rally is a part of the broad-based strength witnessed in the alternative currencies since last Tuesday. With bitcoin (large cap) showing signs of fatigue near the $20,000 mark, the rotation to small caps seems to have gathered pace. This is evident from the spike in trading volumes on exchanges offering BCH/BTC pairs.
Also, the investor community may have bought BCH on speculation that integration with payment processor BitPay would open the doors to more widespread adoption (and boost its utility as a payment method). The price chart analysis says the rally in BCH is here to say.
Meanwhile, week-on-week, BCH has appreciated 43 percent.
The stellar rally is a part of the broad-based strength witnessed in the alternative currencies since last Tuesday. With bitcoin (large cap) showing signs of fatigue near the $20,000 mark, the rotation to small caps seems to have gathered pace. This is evident from the spike in trading volumes on exchanges offering BCH/BTC pairs.
Also, the investor community may have bought BCH on speculation that integration with payment processor BitPay would open the doors to more widespread adoption (and boost its utility as a payment method). The price chart analysis says the rally in BCH is here to say.
Having successfully predicted recent Bitcoin highs, Standpoint Research Founder Ronnie Moas sees lofty highs for the preeminent cryptocurrency in the next year.
In August, the billionaire former hedge fund manager tentatively forecasted Bitcoin’s rise to the $20,000 mark in three years, but his timelines were quite off the mark. Two months later, amid the start of Bitcoin’s outrageous bull run and talk of the launch of futures trading, Moas changed that prediction to 2018.
Speaking to CNBC ahead of the launch of Bitcoin futures on the Chicago Mercantile Exchange, Moas believes Bitcoin will see another 500 percent rise next year.
"Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I'm looking for another 500 percent move from here. The end-game on Bitcoin is that it will hit $300,000 to $400,000 in my opinion, and it will be the most valuable currency in the world."
Most valuable currency in the world
It’s not hard to understand why Moas is taking a far more brazen approach to Bitcoin - given the way it has exceeded all predictions and death-sentences.
Moas says the cryptocurrency cap at 21 mln tokens is a major factor in its rapidly rising value. Again, he drew a comparison to gold but insists the cryptocurrency will be far more valuable as millions of people look to a slice of the action.
"I don't know how much gold there is in the ground, but I know how much Bitcoin there is, and in two years there will be 300 mln people in the world trying to get their hands on a few million Bitcoin."
Bitcoin’s volatility has been a hot talking point over the past few months, with enthusiasts and industry specialists taking the ‘hodl’ approach. The bullish approach has created scarcity on the market which has driven up value.
People are constantly asking if it’s ‘too late to buy Bitcoin,’ but Moas insists on buying in dips constantly.
"I look at Bitcoin the same way I look at Amazon. The way to play Amazon for the last 15 years was to buy it, hold it, and add on the dips. That's exactly the way I think people should be playing Bitcoin."
In August, the billionaire former hedge fund manager tentatively forecasted Bitcoin’s rise to the $20,000 mark in three years, but his timelines were quite off the mark. Two months later, amid the start of Bitcoin’s outrageous bull run and talk of the launch of futures trading, Moas changed that prediction to 2018.
Speaking to CNBC ahead of the launch of Bitcoin futures on the Chicago Mercantile Exchange, Moas believes Bitcoin will see another 500 percent rise next year.
"Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I'm looking for another 500 percent move from here. The end-game on Bitcoin is that it will hit $300,000 to $400,000 in my opinion, and it will be the most valuable currency in the world."
Most valuable currency in the world
It’s not hard to understand why Moas is taking a far more brazen approach to Bitcoin - given the way it has exceeded all predictions and death-sentences.
Moas says the cryptocurrency cap at 21 mln tokens is a major factor in its rapidly rising value. Again, he drew a comparison to gold but insists the cryptocurrency will be far more valuable as millions of people look to a slice of the action.
"I don't know how much gold there is in the ground, but I know how much Bitcoin there is, and in two years there will be 300 mln people in the world trying to get their hands on a few million Bitcoin."
Bitcoin’s volatility has been a hot talking point over the past few months, with enthusiasts and industry specialists taking the ‘hodl’ approach. The bullish approach has created scarcity on the market which has driven up value.
People are constantly asking if it’s ‘too late to buy Bitcoin,’ but Moas insists on buying in dips constantly.
"I look at Bitcoin the same way I look at Amazon. The way to play Amazon for the last 15 years was to buy it, hold it, and add on the dips. That's exactly the way I think people should be playing Bitcoin."
Although Dogecoin has been around for quite some time now, this altcoin never amounted to much. More specifically, it never even got close to becoming a top 10 cryptocurrency, mainly because most people never took this concept seriously. This isn’t a big surprise, mind you, as Dogecoin has always been the “meme” of cryptocurrency in every possible way. It is also how the original creator seemingly portrayed this project.
At the same time, we all have to acknowledge that Dogecoin made some things happen which wouldn’t have been possible otherwise. It wasn’t Bitcoin or Litecoin which sponsored a NASCAR driver or sent the Jamaican bobsled team to the Olympics. That was all Dogecoin and its strong community of enthusiasts and generous individuals. All of that is well behind us now, though, and not much has come of Dogecoin ever since.
In fact, there has been little to no development of the Dogecoin ecosystem as we know it. Things have remained at a standstill for quite some time now. While there is no point in fixing something that isn’t broken, one would expect a bit more activity in this regard. Unfortunately, Dogecoin seemingly has no lead developer at this point in time. This situation has to change if the altcoin wants to succeed, although it remains to be seen if anyone will step up to the plate.
At the same time, we all have to acknowledge that Dogecoin made some things happen which wouldn’t have been possible otherwise. It wasn’t Bitcoin or Litecoin which sponsored a NASCAR driver or sent the Jamaican bobsled team to the Olympics. That was all Dogecoin and its strong community of enthusiasts and generous individuals. All of that is well behind us now, though, and not much has come of Dogecoin ever since.
In fact, there has been little to no development of the Dogecoin ecosystem as we know it. Things have remained at a standstill for quite some time now. While there is no point in fixing something that isn’t broken, one would expect a bit more activity in this regard. Unfortunately, Dogecoin seemingly has no lead developer at this point in time. This situation has to change if the altcoin wants to succeed, although it remains to be seen if anyone will step up to the plate.
Bitcoin is on the rise against the U.S. dollar, but a look at all of its relevant trading pairs (LTC/BTC, ETH/BTC) suggests the move to $20,000 could take longer than expected.
The world's largest cryptocurrency by market capitalization has traded more or less sideways over the last few days as the alternative currencies rallied sharply to new highs. But, as discussed yesterday, the lackluster action in BTC could be due to the rotation of money from BTC (large cap) and into alternative currencies (or so-called small caps).
This flow of money is best represented by the bullish break seen in cross cryptocurrency charts – i.e. ETH/BTC, LTC/BTC, BCH/BTC and XRP/BTC. For example, a rally in ETH/BTC could be an indication that the money is flowing out of bitcoin and into ether (ETH).
The world's largest cryptocurrency by market capitalization has traded more or less sideways over the last few days as the alternative currencies rallied sharply to new highs. But, as discussed yesterday, the lackluster action in BTC could be due to the rotation of money from BTC (large cap) and into alternative currencies (or so-called small caps).
This flow of money is best represented by the bullish break seen in cross cryptocurrency charts – i.e. ETH/BTC, LTC/BTC, BCH/BTC and XRP/BTC. For example, a rally in ETH/BTC could be an indication that the money is flowing out of bitcoin and into ether (ETH).
The development comes days after the company outlined four ethereum protocol changes that would restore access to the $275 million in ether frozen last month due to a vulnerability in the software. The four options, detailed in a blog post, entailed varying changes to the ethereum's software – specifically, the ethereum virtual machine (EVM) which translates smart contract commands in code.
In a move that could shift the trading dynamics of Bitcoin futures, the brokerage firm Interactive Brokers Group Inc will allow its traders to begin betting against the cryptocurrency. The firm’s CEO Thomas Peterffy told the Financial Times that clients will be allowed to short Bitcoin futures by the end of this week.
The announcement comes on the heels of a strong bull market after Bitcoin futures trading began this week. However, according to the Financial Times, Interactive Brokers is handling an estimated 53 percent of the total futures volume on 4 Board Options Exchange (CBOE) --- a sudden open short potential could reverse the bullish trend.
The announcement comes on the heels of a strong bull market after Bitcoin futures trading began this week. However, according to the Financial Times, Interactive Brokers is handling an estimated 53 percent of the total futures volume on 4 Board Options Exchange (CBOE) --- a sudden open short potential could reverse the bullish trend.
Lanre Sarumi is the CEO of Level Trading Field, an interactive online platform for professionals in the finance industry.
When you read you begin with A, B, C.
When you sing you begin with Do, Re, Mi.
When you trade futures you begin with F, G, H, J, K, M, N, Q, U, V, X, Z.
Each of those letters represents the month of the year that the contract expires. Remember, with a futures contract, two counterparties agreed on a fixed price and date to trade an asset. The month of that date is represented by those letters.
I don't know who came up with that nomenclature or how. Just memorize it and move on. Although I'm sure there is going to be some know-it-all in the comment section saying "I know!, I know!"
The products traded on the exchange also have product codes. Heating oil is RB, crude oil is CL and the bitcoin futures set to trade on the CME starting Dec. 18 will be BTC. On the CBOE, which introduced its bitcoin futures contract Sunday, the bitcoin product code is XBT.
If you want to trade the Jan. 2018 bitcoin contract, then, you will be trading BTCF8. BTC again represents bitcoin futures, "F" is the January code, "8" represents the year, 2018. If you want to trade the February 2018 BTC contract you trade BTCG8.
When you read you begin with A, B, C.
When you sing you begin with Do, Re, Mi.
When you trade futures you begin with F, G, H, J, K, M, N, Q, U, V, X, Z.
Each of those letters represents the month of the year that the contract expires. Remember, with a futures contract, two counterparties agreed on a fixed price and date to trade an asset. The month of that date is represented by those letters.
I don't know who came up with that nomenclature or how. Just memorize it and move on. Although I'm sure there is going to be some know-it-all in the comment section saying "I know!, I know!"
The products traded on the exchange also have product codes. Heating oil is RB, crude oil is CL and the bitcoin futures set to trade on the CME starting Dec. 18 will be BTC. On the CBOE, which introduced its bitcoin futures contract Sunday, the bitcoin product code is XBT.
If you want to trade the Jan. 2018 bitcoin contract, then, you will be trading BTCF8. BTC again represents bitcoin futures, "F" is the January code, "8" represents the year, 2018. If you want to trade the February 2018 BTC contract you trade BTCG8.
LITECOIN PRICE MOMENTUM ISN’T SLOWING DOWN YET
As has been the case with most cryptocurrencies, the growth of Litecoin should not be overlooked whatsoever. Even though most people only care about Bitcoin right now, it is not a perfect cryptocurrency by any means. In fact, one could argue Litecoin solves a fair few problems still present in Bitcoin today, although that is a matter of opinion. Regardless of which side of the fence you are on, the Litecoin price is soaring to new heights and it might not slow down anytime soon.
Over the past 24 hours, we have seen the Litecoin price rise from just over $150 all the way to $250. In most cases, one would expect an immediate retrace after such massive gains. Surprisingly, that has not happened as far as the Litecoin price is concerned. It may still occur in the coming hours, but for now, the popular altcoin seems to hold its own quite well in the $235 – $245 range. Whether or not such positive momentum can be sustained in the long run, is difficult to answer right now.
The all-time high Litecoin price was recorded a few hours ago. At one point, one LTC was valued at $254 and it seems to be a matter of time until we see that Litecoin price once again. A lot of interesting things are happening in the world of cryptocurrency these past few weeks. It was only a matter of time until Litecoin reclaimed its rightful place in the rankings. Thanks to its current $13.136bn market cap, things are looking pretty good for this respected currency.
As has been the case with most cryptocurrencies, the growth of Litecoin should not be overlooked whatsoever. Even though most people only care about Bitcoin right now, it is not a perfect cryptocurrency by any means. In fact, one could argue Litecoin solves a fair few problems still present in Bitcoin today, although that is a matter of opinion. Regardless of which side of the fence you are on, the Litecoin price is soaring to new heights and it might not slow down anytime soon.
Over the past 24 hours, we have seen the Litecoin price rise from just over $150 all the way to $250. In most cases, one would expect an immediate retrace after such massive gains. Surprisingly, that has not happened as far as the Litecoin price is concerned. It may still occur in the coming hours, but for now, the popular altcoin seems to hold its own quite well in the $235 – $245 range. Whether or not such positive momentum can be sustained in the long run, is difficult to answer right now.
The all-time high Litecoin price was recorded a few hours ago. At one point, one LTC was valued at $254 and it seems to be a matter of time until we see that Litecoin price once again. A lot of interesting things are happening in the world of cryptocurrency these past few weeks. It was only a matter of time until Litecoin reclaimed its rightful place in the rankings. Thanks to its current $13.136bn market cap, things are looking pretty good for this respected currency.
The first day of bitcoin futures trading on the CBOE exchange is over and the day largely went according to plan, according to its CEO.
Overall, Monday saw the price of bitcoin push above $17,000 on CoinDesk's Bitcoin Price Index (BPI) to hit a new all-time high in the hours after the Chicago-based firm began trading the derivatives. That process began late Sunday, an event that coincided with a near-simultaneous crashing of CBOE's website.
The price of bitcoin jumped over $1,000 in minutes.
Reports indicate, however, that trading has gone relatively smoothly since then. As Bloomberg shows, CBOE's circuit breakers – essentially market backstops that pause trading during periods of heightened volatility – were triggered twice during the first six hours of trading yesterday.
No circuit breakers were activated during Monday trading, according to CBOE.
Overall, Monday saw the price of bitcoin push above $17,000 on CoinDesk's Bitcoin Price Index (BPI) to hit a new all-time high in the hours after the Chicago-based firm began trading the derivatives. That process began late Sunday, an event that coincided with a near-simultaneous crashing of CBOE's website.
The price of bitcoin jumped over $1,000 in minutes.
Reports indicate, however, that trading has gone relatively smoothly since then. As Bloomberg shows, CBOE's circuit breakers – essentially market backstops that pause trading during periods of heightened volatility – were triggered twice during the first six hours of trading yesterday.
No circuit breakers were activated during Monday trading, according to CBOE.
BITCOIN CASH CONTINUES TO MAKE AN IMPACT
While it still seems unlikely that Bitcoin Cash will replace Bitcoin in the short term, the currency continues to make its presence felt in the world of cryptocurrencies. More specifically, it is still the third-largest cryptocurrency by market capitalization. That in itself is rather surprising, given the initial assumption that this was another pump-and-dump coin. Hindsight is always 20/20, and it has become rather clear that BCH is a very peculiar creature which will stick around for the foreseeable future.
While it still seems unlikely that Bitcoin Cash will replace Bitcoin in the short term, the currency continues to make its presence felt in the world of cryptocurrencies. More specifically, it is still the third-largest cryptocurrency by market capitalization. That in itself is rather surprising, given the initial assumption that this was another pump-and-dump coin. Hindsight is always 20/20, and it has become rather clear that BCH is a very peculiar creature which will stick around for the foreseeable future.
What Is a Loyalty Program?
A loyalty program is an organized marketing strategy.
Merchants set them up to encourage customers to come back and buy their goods or use their services. A typical loyalty program would require a customer to register with the merchant offering the program so they can accumulate loyalty points. Depending on the type of business and the terms of the loyalty program, the loyalty points could allow customers special access to new products and services, used to get discounts on future purchases or even receive free merchandise.Some example of loyalty programs include frequent flier miles offered by airlines, restaurant points and hotel points that could be applied towards a future stay.
A loyalty program is an organized marketing strategy.
Merchants set them up to encourage customers to come back and buy their goods or use their services. A typical loyalty program would require a customer to register with the merchant offering the program so they can accumulate loyalty points. Depending on the type of business and the terms of the loyalty program, the loyalty points could allow customers special access to new products and services, used to get discounts on future purchases or even receive free merchandise.Some example of loyalty programs include frequent flier miles offered by airlines, restaurant points and hotel points that could be applied towards a future stay.
i read whitepaper for loyalty program it’s trusted program hope to have successful .
when ICO will start ?
Dave Chapman, managing director at Octagon Strategy, was interviewed by CNBC’s Squawk Box after the futures market had opened regarding Bitcoin. His comments included a six-figure price point by the end of 2018, and more interesting use cases forthcoming.
The digital asset trader made it clear that the recent run up in values only indicates the potential for more in the future, with mainstream adoption just beginning to come online. Crossing over $100,000 would be a massive psychological barrier, but Chapman believes it's possible. He said:
“In terms of looking forward, I would say that throughout the continuation into 2018, I wouldn’t be surprised to see a six-figure headline.”
The digital asset trader made it clear that the recent run up in values only indicates the potential for more in the future, with mainstream adoption just beginning to come online. Crossing over $100,000 would be a massive psychological barrier, but Chapman believes it's possible. He said:
“In terms of looking forward, I would say that throughout the continuation into 2018, I wouldn’t be surprised to see a six-figure headline.”
The great Wall Street Divide over whether Bitcoin is a miracle or a bubble continues to grow, with Interactive Brokerage founder Tom Peterffy expressing his concerns about a bubble. The trader/investor has said that the price spike may continue, even up to $100,000 or more, before the price crashes.
The warning from Peterffy included commentary that Bitcoin futures trading may well spell disaster for the entire financial market, with smaller brokerages going in on the cryptocurrency and then going bankrupt. He is restricting his own traders to long positions at $5 per contract (as opposed to the normal $.80) in order to protect the brokerage. He expressed his bewilderment, saying:
"I'm extremely curious, this is an amazing thing. How silly people are, it is just amazing."
The warning from Peterffy included commentary that Bitcoin futures trading may well spell disaster for the entire financial market, with smaller brokerages going in on the cryptocurrency and then going bankrupt. He is restricting his own traders to long positions at $5 per contract (as opposed to the normal $.80) in order to protect the brokerage. He expressed his bewilderment, saying:
"I'm extremely curious, this is an amazing thing. How silly people are, it is just amazing."
There is a reason its called 'crowd insanity', and its not new, most interesting is that this stuff is never taught, there are been dozens of BITCOIN like stock manias since 1400's all over the world, and they all end badly.
'Get Rich Quick', is probably the easiest way to rob people in all human history, majority are always looking for an easy path to life, which of course doesn't exist.
The great Wall Street Divide over whether Bitcoin is a miracle or a bubble continues to grow, with Interactive Brokerage founder Tom Peterffy expressing his concerns about a bubble. The trader/investor has said that the price spike may continue, even up to $100,000 or more, before the price crashes.
The warning from Peterffy included commentary that Bitcoin futures trading may well spell disaster for the entire financial market, with smaller brokerages going in on the cryptocurrency and then going bankrupt. He is restricting his own traders to long positions at $5 per contract (as opposed to the normal $.80) in order to protect the brokerage. He expressed his bewilderment, saying:
"I'm extremely curious, this is an amazing thing. How silly people are, it is just amazing."
The warning from Peterffy included commentary that Bitcoin futures trading may well spell disaster for the entire financial market, with smaller brokerages going in on the cryptocurrency and then going bankrupt. He is restricting his own traders to long positions at $5 per contract (as opposed to the normal $.80) in order to protect the brokerage. He expressed his bewilderment, saying:
"I'm extremely curious, this is an amazing thing. How silly people are, it is just amazing."
Rob May is the CEO of Talla, which produces the Botchain, a network for managing autonomous agents on a blockchain. He also writes a newsletter on artificial intelligence.
Initial coin offerings (ICOs) seem like a dream come true for entrepreneurs.
They have to find a way to get their product in the hands of the public, and they also have to raise money to fund the building and operation of their networks. ICOs can kill two birds with one stone.
But taking a closer look at how ICOs work makes me wonder if there is a question entrepreneurs should ask, but aren't… are they giving up too much value creation to others?
Every entrepreneur I know has called me to talk about ICOs. In their minds, the primary benefit is non-dilutive financing. They don’t have to give up any equity, or control, of their companies.
But if you've ever had an introductory economics course, you know there is a famous idea called the "no free lunch" theorem. It says that everything in economics comes with trade-offs. Nothing comes for free.
Initial coin offerings (ICOs) seem like a dream come true for entrepreneurs.
They have to find a way to get their product in the hands of the public, and they also have to raise money to fund the building and operation of their networks. ICOs can kill two birds with one stone.
But taking a closer look at how ICOs work makes me wonder if there is a question entrepreneurs should ask, but aren't… are they giving up too much value creation to others?
Every entrepreneur I know has called me to talk about ICOs. In their minds, the primary benefit is non-dilutive financing. They don’t have to give up any equity, or control, of their companies.
But if you've ever had an introductory economics course, you know there is a famous idea called the "no free lunch" theorem. It says that everything in economics comes with trade-offs. Nothing comes for free.
Gold Dealer APMEX Now Accepting Bitcoin, Cites Customer Desire for Anonymity.
It’s now possible to buy real gold with digital gold, should customers desire, according to an announcement from APMEX.
According to the post, the company has integrated with BitPay merchant services and is now able to receive digital currencies, with buyers receiving the 4% discount usually reserved only for cash payments. The post continues by explaining why Bitcoin is a good integration for the company, saying:
"Buyers can make purchases with Bitcoin at any time, from nearly anywhere, just as with most credit cards. International orders become significantly easier as cryptocurrency like Bitcoin is accepted worldwide without conversion. Also, many customers prefer Bitcoin payment because of the anonymity offered by a Blockchain purchase.”
Gold or digital gold
While the site offers crypto holders the chance to diversify into precious metals, many in the crypto world have already seen the price of Bitcoin investments explode over the past weeks. With the price now firmly stabilizing over $15,000, many investors expect still further growth, which may keep them from making the trade.
It’s now possible to buy real gold with digital gold, should customers desire, according to an announcement from APMEX.
According to the post, the company has integrated with BitPay merchant services and is now able to receive digital currencies, with buyers receiving the 4% discount usually reserved only for cash payments. The post continues by explaining why Bitcoin is a good integration for the company, saying:
"Buyers can make purchases with Bitcoin at any time, from nearly anywhere, just as with most credit cards. International orders become significantly easier as cryptocurrency like Bitcoin is accepted worldwide without conversion. Also, many customers prefer Bitcoin payment because of the anonymity offered by a Blockchain purchase.”
Gold or digital gold
While the site offers crypto holders the chance to diversify into precious metals, many in the crypto world have already seen the price of Bitcoin investments explode over the past weeks. With the price now firmly stabilizing over $15,000, many investors expect still further growth, which may keep them from making the trade.
Bitcoin cash (BCH) is well bid today, but a close look at the numbers indicates the positive move could be deceptive.
Prices dropped for the third straight day yesterday, signaling a transient victory for the bears in the ongoing tug of war with the bulls.
Looking like it would head lower towards $850 (Nov. 17 low) earlier today, bitcoin cash instead regained the bid tone and rallied as high as $1,550 before trimming gains. The world's third-largest cryptocurrency by market value was last seen trading in the $1,450 neighborhood, as per data provided by CoinMarketCap.
Prices dropped for the third straight day yesterday, signaling a transient victory for the bears in the ongoing tug of war with the bulls.
Looking like it would head lower towards $850 (Nov. 17 low) earlier today, bitcoin cash instead regained the bid tone and rallied as high as $1,550 before trimming gains. The world's third-largest cryptocurrency by market value was last seen trading in the $1,450 neighborhood, as per data provided by CoinMarketCap.
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