Bitcoin is enjoying a spectacular November after reaching a level above $ 16,000. Many crypto analysts hope that the best is yet to come, excited crypto community!
Euphoria around Bitcoin
The price of Bitcoin has surpassed the key level of $ 16,000; At the time of writing, the leading crypto is trading at $ 16,110.
According to Messari, the price increase has been accompanied by an increase in volume; specifically, Bitcoin trading volumes increased from $ 28 million to $ 176 million in the last two hours.
Likewise, the rise in prices has driven a rise in Bitcoin’s market capitalization by 200% more than the low reached in March.
“The interest so far in 2020 has been primarily from institutions and we could see more retail engagement when Bitcoin breaks its previous all-time highs of $ 20,000,” Kyle Davies, co-founder of Three Arrows Capital, said, according to CoinDesk.
Every pullback is a great crypto opportunity
In the middle of the rally, Scott Melker warned that each pullback in its price is an opportunity to buy Bitcoin lower.
So Melker explained on crypto Twitter «Remember. Bitcoin has had a number of corrections of more than 30% during its most bullish moves. Every pullback from here on is probably an epic opportunity to buy down and not a trend reversal.».
FED insists on its crypto no interest in a digital dollar
Jerome Powell, president of the FED, again shared his opinion regarding a digital dollar during a virtual conference organized by the European Central Bank.
Of course, the crypto community has seen an increase in the interest that digital currencies arouse in notions. However, Powell noted that “We have not made the decision to issue a CBDC and we believe there is still a lot of work to do as we engage with public voters here in the US and around the world.”
Thus the crypto advantage is maintained by China.
PayPal offers crypto trading in the United States
Today PayPal announced that all users in the United States can trade crypto on its platform.
Thus PayPal reported that: “We are pleased to announce that all eligible PayPal account holders in the United States can now buy, hold and sell cryptocurrencies directly with PayPal.”
In a few lines …
- Deutsche Bank called for accelerating the development of central bank digital currencies.
- Binance.US will finally allow North Carolina residents to access the platform, according to CoinTelegraph.
- ProBit Exchange announces the launch of the DYMMAX platform.