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Bitcoin Holds Above $ 19K Why BTC Can Test and Bounce $ 20K
Bitcoin price is gaining momentum above $ 19,400 against the US dollar.
There was a break above the resistance levels of $ 19,200 and $ 19,380. The price even broke the swing peak of $ 19,440 and increased profits above the $ 19,500 level. A new monthly high is forming around $ 19,545 and the price is now trading well above the 100-hour simple moving average.
Ethereum Grows Steadily, Why ETH May Over $ 600
Ethereum remained in positive territory above $ 580 against the US dollar, as did Bitcoin.
After testing the $ 595 zone, Ethereum corrected downward.
The swing low was formed around the $ 576 level before the price started to rise again. There was a strong upward movement above the $ 580 and $ 585 levels. There was also a break above the key bearish trend line with resistance around $ 586 on the hourly ETH / USD chart.
Grayscale Now Contains $ 13 Billion Bitcoin, Ethereum, XRP And Other Cryptocurrencies
Grayscale, Largest Cryptocurrency Asset Manager Exceeds $ 13 Billion in Assets Under Management
Grayscale Investments, the number one cryptocurrency asset management company, surpassed $ 13 billion in AUM on December 15.
In less than a month, he managed to increase the flow of funds in the amount of $ 1 billion thanks to the resurgence of the cryptocurrency industry.
Bitcoin trading volume in Kenya reaches $ 45.95 million in 2020, the second largest in Africa
Bitcoin trading volumes in Kenya soar 472 percent in 2020
Despite countering the coronavirus pandemic, bitcoin trading volumes in Kenya soared 472 percent in 2020 to $ 45.95 million. The move made Kenya the second largest bitcoin trader on African soil after Nigeria, which traded $ 568.9 million.
Peer-to-peer bitcoin volumes have surged 2.5 times since March 2020, when African countries such as Nigeria, South Africa, Kenya and Ghana reaffirmed their authority by surpassing $ 1 million. during the week.
Ripple XRP is in a downtrend, having dropped 18% in value in the past 7 days
Ripple is struggling to regain its strength.
XRP is currently the worst performer on CoinMarketCap in seven days compared to other altcoins. It fell about 18% over a seven-day period and is struggling to climb to the $ 0.50 mark. After the Spark Token Airdrop on Dec 11, XRP underwent an 8% price correction as traders dumped altcoins after taking a snapshot of the cryptocurrency. Market indicators showed that of all the coins in the top 100, XRP is close to the worst performer, second only to the AMPL, which lost 19.11% of its profits over a seven-day period. Since XRP was unable to maintain the 20-day exponential moving average at $ 0.53, even falling to $ 0.49 on the day of the airdrop, XRP bulls struggled to keep the altcoin above $ 0.50.
Ripple XRP drops 18% in price
Bloccelerate VC Raises $ 12 Million To Bet On Enterprise Blockchain Implementation
Seattle-based venture capital firm Bloccelerate closes $ 12 million fund on Nov.30
Seattle-based venture capital firm Bloccelerate closed its $ 12 million fund on Nov.30 to gamble on both enterprise blockchain adoption and Ethereum-based financial applications.
BitMEX will provide support for Bitcoin SegWit
BitMEX announced that it will add SegWit support.
BitMEX announced changes to its operations to improve the efficiency of bitcoin transactions by adding SegWit support.
From now on, BitMEX will allow its users to withdraw or send their bitcoins to Bech32 SegWit addresses.
Eth2 Lido Staking Protocol Raises $ 2 Million in New Funding
Lido Finance, an Ethereum 2.0 betting provider, has raised $ 2 million in new funding.
Sharing the news, Lido said that the round was supported by, among others, Semantic Ventures, ParaFi Capital, Terra, Stakefish and Staking Facilities. The round was also attended by business angels, including Rune Christensen from MakerDAO, Stani Kulehov from Aave and Cain Warwick from Synthetix.