Bitcoin and Altcoins Restart Uptrend, Climb To New 2020 Highs

Also, there were strong gains in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is up …

After a short term downside correction, bitcoin price found a strong support above USD 9,650. As a result, there was a strong increase above the USD 10,000 resistance area. The price even broke USD 10,200 and traded to a new yearly high close to USD 10,500.

Also, there were strong gains in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is up more than 15% (09:00 UTC) and it cleared the key USD 240 and USD 250 resistance levels. Similarly, XRP/USD is rising and it is trading near the USD 0.290 area.

Total market capitalization

Bitcoin and Altcoins Restart Uptrend, Climb To New 2020 Highs 101
Source: www.tradingview.com

Bitcoin price

A strong surge lead bitcoin price above the USD 10,000 resistance and the USD 10,200 swing high. BTC/USD traded to a new 2020 high near USD 10,450 and it is currently consolidating gains. On the downside, an initial support is near the USD 10,200 area. The main support is now forming near the USD 10,000 level.

On the upside, the USD 10,450 level is an initial resistance. The key resistance is near USD 10,500, above which the price is likely to start a strong increase towards the USD 10,850 and USD 11,000 levels.

Ethereum price

Ethereum price performed well and climbed significantly after it broke the USD 230 resistance. ETH/USD gained more than 15% and even traded above the USD 250 level. If there are more upsides, the bulls are likely to aim USD 265.

On the downside, an initial support is near the USD 246 level. The main support is near USD 242, below which there is a risk of a bearish extension towards the USD 230 support (the recent breakout zone).

Bitcoin cash, litecoin and XRP price

Bitcoin cash price finally managed to clear the USD 455 and USD 460 resistance levels. BCH/USD gained 8% and it climbed above USD 470. It seems like the price might continue to rise towards the USD 500 barrier. Conversely, the price might find support near the USD 460 and USD 455 levels if there is a downside correction.

Litecoin is back above the USD 75.00 resistance and it even traded to a new 2020 high. LTC/USD is trading near USD 78.50 and it is likely to surpass the USD 80.00 resistance in the near term. On the downside, the recent resistance near USD 75.00 might provide support.

XRP price is gaining pace above the USD 0.278 and USD 0.284 resistance levels. It is trading near the USD 0.290 resistance, above which the price is likely to hit the USD 0.300 mark. If there is a fresh decline, the USD 0.284 and USD 0.280 levels are seen as decent support levels.

Other altcoins market today

In the past three sessions, many small-capitalization altcoins gained more than 15%, including HBAR, LUNA, CKB, XTZ, XEM, BCN, GNT, LINK, BEAM, CENNZ, VET and DGD. Out of these, HBAR rallied around 140% and LUNA is up nearly 30%.

BitBuy

Overall, bitcoin price is back in an uptrend and gaining pace above USD 10,200. If BTC/USD surpasses the USD 10,500 resistance, there could be a swift move towards the USD 11,000 resistance area in the near term.

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Bitcoin and Altcoins Restart Uptrend, Climb To New 2020 Highs 102

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Watford agree sleeve sponsorship with Bitcoin in Sportsbet.io expansion

In 2018, Scottish soccer’s Ayr United announced they would be taking Bitcoin Cash as part of their shirt sponsorship deal. Justin Le Brocque, head of …

Watford FC

English top-flight soccer outfit Watford have expanded their partnership with Sportsbet.io, the multicurrency sports betting firm, in a move that places Bitcoin branding on the sleeve of the club’s playing shirts.

The redrawn contract will also allow supporters to buy official club merchandise and products using the cryptocurrency. The initial deal between Watford and Sportsbet.io was signed in June this year, which saw the company replace online broker FxPro on the front of the Premier League team’s home and away shirts.

  • From Conifa to Watford… Sportsbet.io’s sponsorship manifesto

Watford are now the first club in England to use Bitcoin for purchasing merchandise, with a view to potentially becoming an onsite currency to be used on match days, according to the Coingaming Group, owners of the Sportsbet.io brand. In 2018, Scottish soccer’s Ayr United announced they would be taking Bitcoin Cash as part of their shirt sponsorship deal.

Justin Le Brocque, head of Sportsbet.io marketing, revealed that the partnership will be crowd-funded, allowing anyone who holds Bitcoin the opportunity to share in sponsor perks. Contributors can bid for public LED space shown live during matches, use of the Bitcoin box for eight people and merchandise via a dedicated online platform.

“Our partnership with Watford marks a major disruption in the world of traditional sports sponsorship, and by adding the Bitcoin logo we hope this world’s first partnership will create even more buzz around cryptocurrencies,” said Le Brocque.

Scott Duxbury, Watford’s chairman and chief executive, added: “Placing the Bitcoin logo on a Premier League shirt is something that challenges the accepted norm. We’re excited about the partnerships and the potential for new global conversations that it could help start for our club.”

Watford have announced the Bitcoin logo will appear on the team’s shirt from their next game against Arsenal on 15th September.

More Premier League sides have been embracing cryptocurrency of late, with the likes of Tottenham Hotspur, Leicester City and Newcastle United trialling it for player transfers.

Posted in: SmartSeries, Sponsorship, Soccer, Europe

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    BITCOIN BONUS: Reddit user makes $10k with one post

    One commenter recalled a faucet developed up by Gavin Andresen, who worked alongside the enigmatic Satoshi Nakamoto on the Bitcoin project.
    BITCOIN BONUS: Reddit user makes $10k with one post

    A screenshot of a Reddit user receiving a Bitcoin tip six years ago has garnered a lot of attention, serving as a reminder of how far Bitcoin – which was worth roughly $27 at the time – has come.

    Posted by Loulauman, the transaction shows fellow redditor Namatura receiving a single bitcoin tip from shakethatbass through a tipbot for what appears to be commentary on Forrest Gump.

    Redditor receives 1 BTC tip, circa 2013

    Redditor receives 1 BTC tip, circa 2013

    That’s right. A whole, single bitcoin.

    The value of the tip at the time was just $27.10, meaning that the transaction likely took place sometime in the first quarter of 2013.

    If u/shakethatbass is a ‘hodler,’ and by some miracle still has that tip in a wallet somewhere, it is now worth a cool US$10,105 [AU$14,722] – a gain of more than 37,187%.

    Not bad for someone making a clever observation about a movie.

    You’ve come a long way, Bitcoin…

    Sadly, the days of Bitcoin being handed out like candy are long gone. Every now and then the community gets all atwitter (no pun intended) over a random generous tip or donation, but those are few and far between.

    But once upon a time, before its value exploded, free bitcoins were relatively easy to come by through faucets, games, and people who were just trying to spread the word about Bitcoin.

    One commenter recalled a faucet developed up by Gavin Andresen, who worked alongside the enigmatic Satoshi Nakamoto on the Bitcoin project.

    The aptly named Bitcoin Faucet, which Andresen launched in 2010, dispensed five bitcoins per claim. All users had to do was provide a legitimate e-mail address and complete a captcha.

    Satoshi himself weighed in on Andresen’s faucet, saying:

    “Excellent choice of a first project, nice work. I had planned to do this exact thing if someone else didn’t do it, so when it gets too hard for mortals to generate 50BTC, new users could get some coins to play with right away.”

    Before the end of its run, the faucet had dispensed more than 19,700 BTC to visitors – that’s nearly $200 million at today’s prices.

    While Andresen’s faucet shut down in 2012, there are many Bitcoin faucets – and faucets for other cryptocurrencies – still in operation, though they mostly pay out a few hundred satoshis at a time.

    …But you’ve still got a long way to go

    Since its launch in 2009, Bitcoin has had a dizzying run with lows of less than one cent per coin to highs of near $20,000.

    Bitcoin has died and come back from the dead more than 350 times.

    After the last crash, there were a lot of naysayers who were convinced that it was just a matter of time before Bitcoin dwindled away, but here we are and Bitcoin is still going strong.

    What does the future hold for Bitcoin prices? Who knows. Experts and analysts have predicted $25,000, $40,000, $100,000… even $1 million and higher.

    Six years from now, we could be looking at a screenshot of a 0.0027 BTC tip and thinking, “I wonder if he held onto it?”

    What will that tip be worth then?

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    Bitcoin Lingers Around $10000 as Traders Await Catalysts

    Investing.com – Bitcoin continued to linger around the key $10,000 psychological level, with the little market-moving data on offer to trigger a …

    Investing.com – Bitcoin continued to linger around the key $10,000 psychological level, with the little market-moving data on offer to trigger a meaningful move in either direction.

    Bitcoin fell 0.60% to $10,200 and traded in a narrow range of $10,176 and $10,379.

    Sentiment on the popular crypto has come under pressure, with investors growing increasingly concerned that proposals for a bitcoin exchanged traded fund, which many argue is needed to ramp up institutional demand, may not win regulatory approval.

    In an interview with CNBC on Monday, SEC Chairman Jay Clayton conceded there is “work left to be done,” to approve proposals for a bitcoin ETF.

    Clayton’s remarks arrived just weeks before the SEC is expected to approve or reject a duo of bitcoin ETF proposals from Bitwise Asset Management and VanEck/SolidX.

    Last month, the SEC delayed its decision on whether to approve three proposals for bitcoin ETFs.

    “The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change,” an SEC document released last month said.

    Other cryptos traded mixed. XRP fell 0.08% to $0.25846, Ethereum fell 0.38% to $1979.47 and Litecoin rose 2.80% to $71.14.

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    Bitcoin: suspicions of price manipulation after an explosion of Google searches

    The number of searches carried out on Google with the abbreviation of bitcoin, BTC, has exploded since the end of August, in what experts have seen …

    The number of searches carried out on Google with the abbreviation of bitcoin, BTC, has exploded since the end of August, in what experts have seen as an attempt to manipulate prices.

    Between 29 and 31 August, interest in Bitcoin increased by a factor of 50, according to the Google Trends website, Belga reports. In the first week of September, the number of searches was almost ten times higher than the previous record set in December 2017, when Bitcoin had peaked at almost $20,000.

    According to Bendik Norheim Schei, an analyst for Arcane Crypto and author of an article in the online trade journal Kryptografen, this surge is a “manipulation”.

    Several elements reinforce this hypothesis, in particular, the fact that the increase concerns only the term “BTC”, an abbreviation of bitcoin, while the word “bitcoin”, which is much more popular in the usual period, has not been renewed and is about 10 times less successful than in September 2017.

    According to Schei the peak search can be seen in several countries and systematically takes place in the middle of the night, every day and at the same time.

    In the financial world, some algorithms monitor Google trends to automatically position themselves, so hackers may seek to drive prices up through bogus searches. At around 13:45 GMT (15:45 in Brussels), the Bitcoin was worth $10,359.44 compared to $10,356.88 on Friday at 21:00 GMT, according to data compiled by Bloomberg.

    The Brussels Times

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