This is mainly due to the continuous records set by the price of BTC.

For example, this night a new all-time high was reached at around $28,500, slightly higher than the previous high set on December 27.

Right now there are very few major cryptocurrencies whose price is close to all-time highs. In particular, only Bitcoin Future review in the month of December has far exceeded the previous highs, while Binance Coin is more or less back to the levels of the highs recorded last year.

All the other main cryptocurrencies have prices below their historical highs, in some cases even very far away.

Therefore, it is inevitable that Bitcoin’s dominance will grow, although the third largest cryptocurrency by market capitalization, Tether (USDT), is at an all-time high in terms of market capitalization.

According to CoinMarketCap’s data, 2020 had opened with Bitcoin’s dominance at 68%, and closes with dominance at 70%.

The difference may seem minimal, but since very often the entire crypto market tends to follow the trend of bitcoin’s price, it remains the same significant.

Bitcoin’s dominance in history

Suffice it to say that in the first half of December 2017, i.e. while the last big speculative bubble was forming, bitcoin’s dominance was around 60%, despite the bubble involving the entire crypto market.

It touched a low peak at 32% in the middle of the following month, before the speculative bubble on altcoins burst and ended up bringing it back to 45% in April 2018.

Since then, however, it has slowly climbed back up, so that it was already back to 55% in September.

70% was reached again for the first time in September 2019, and since then Bitcoin’s dominance had always been below this threshold.

Therefore, the current level is the highest reached since the formation and bursting of the speculative bubble in 2017, so much so that for example in mid-September 2020 it had fallen to 56%, due to the boom in DeFi tokens.

In other words, the crypto market in the last months of this year was literally dominated by bitcoin, which returned to all-time highs not only in price, but also in dominance.

Tether’s CTO, Paolo Ardoino, said:

„Bitcoin’s dominance is inevitable after a tumultuous year that saw the king of cryptocurrencies increase in price from under $4,000 in March to a new all-time high of over $28,000. Although a growing institutional presence has been part of the narrative of the current bull run, we could see an increase in retail investor interest in Bitcoin as a form of digital gold. This could also bolster interest in the many innovative projects being implemented in the digital token space.“

Il prezzo del bitcoin ha finalmente iniziato a correggere dal suo rally parabolico a nuovi massimi storici. Durante la sessione di trading europea di oggi, abbiamo visto la prima candela oraria chiudersi sotto il supporto del pattern a cuneo rialzista ribassista (linee gialle), intorno alle 09:00 UTC.

I cunei in aumento sono modelli classici di inversione ribassista e in genere si traducono in forti correzioni

Il breakout di questa mattina ha segnalato al resto del mercato che BTC stava per precipitare bruscamente e pochi minuti dall’inizio della nuova candela, il prezzo del bitcoin è precipitato oltre $ 980. La forte divergenza dell’RSI sul grafico di Bitcoin (linea gialla sull’RSI) è stata anche una forte indicazione che il precedente trend rialzista si stava indebolendo e che presto era prevista una correzione.

47 miliardi di dollari sono stati spazzati via durante il picco dell’inversione, secondo i dati di Coinmarketcap , che ha toccato il fondo a 21.874 dollari prima di superare i 23.000 dollari.

Livelli di prezzo da tenere d’occhio nel breve termine

Sul grafico orario BTC / USD, possiamo vedere che l’EMA 200 (rosso) ha fornito il forte supporto di BTC necessario per respingere il trend ribassista iniziale. Da allora, i rialzisti sono riusciti a mettere in scena una ripresa risalendo verso la 50-EMA (blu), che ora agisce come una resistenza intraday.

Questo punto si sovrappone anche alla massima resistenza di un’area chiave S / R (barra verde in alto) che, fino ad oggi, aveva contribuito a sostenere il prezzo di Bitcoin durante la sessione di negoziazione di ieri. Ora dovremmo aspettarci che BTC torni indietro da quest’area e continui al ribasso, a meno che, naturalmente, non arrivi uno slancio di acquisto significativo durante la sessione di trading asiatica più tardi oggi.

Guardando di seguito, esamineremo le seguenti aree per fornire opportunità di rimbalzo per i trader rialzisti nel resto di questa settimana;

(1) $ 22.700 – 0,236 livello di Fibonacci e livello S / R chiave.
(2) $ 22.300 – Zona di supporto del blocco ordini (seconda barra verde dall’alto).
(3) $ 21,950 – linea EMA 200 (rossa).
(4) $ 21.730 – 0,382 Livello di Fibonacci e livello inferiore della zona di supporto del blocco dell’ordine successivo.

Se i rialzisti di Bitcoin riescono a superare la linea dei 50 MAD nel breve termine, tuttavia, il precedente livello di supporto del cuneo in aumento e la zona rossa intorno all’area dei 24.000 $ saranno le principali resistenze da superare.

Capitale di mercato totale: 660 miliardi di dollari.
Capitale di mercato Bitcoin: $ 430 miliardi.
Dominanza Bitcoin: 65,3%

Alexander Höptner, CEO of the Stuttgart Stock Exchange since 2018, will be the new head of 100x, the holding company behind the Bitcoin derivatives exchange Bitmex.

December begins with a bang: with Alexander Höptner, the head of the Stuttgart Stock Exchange is switching to the crypto industry

In January 2021, Höptner will take up his new position as CEO of the 100x Group. It is the holding company of the Crypto Cash derivatives platform Bitmex .

The BitMEX platform forever changed the way we trade cryptocurrencies, and 100x Group will forever change the way we use modern financial services. […] I will ensure that the 100x Group and the BitMEX platform continue to play a leading, constructive role in the global development of the digital asset markets.

JustTRADE is the first German provider to offer an all-in-one solution for trading crypto currencies (Bitcoin, Ethereum, Ripple, …) stocks, ETFs and certificates. The website & app are designed intuitively, offer many useful features and are suitable for both beginners and advanced traders. The best: there are no transaction costs or network fees.

Höptner can be quoted in a press release on December 1st .

Alex comes to us at a time when the company is on the path of transformation into our next phase of growth and development and I am confident that he will make an important contribution with his experience.

David Wong, Chairman of the 100x Group, is certain

Höptner gained the experience to which Wong alludes both on the traditional trading floor and in the crypto space. He held various management positions at Deutsche Börse AG for 15 years before becoming CEO at Boerse Stuttgart in 2018. There, Germany’s first regulated trading platform for digital assets was created under his leadership with the Stuttgart Digital Exchange (BSDEX) .

In Stuttgart, however, Höptner’s departure is grudgingly accepted:

We very much regret Mr. Höptner’s departure and would like to thank him for his excellent work in recent years. We wish Mr. Höptner all the best for the future,

commentedMichael Völter from the Vereinigung Baden-Württembergische Wertpapierbörse eV, the parent company of the Stuttgart Stock Exchange, made the move from Alexander Höptner to Bitmex Holding. One can assume that this at 100x will also contribute to blurring the boundaries between crypto and traditional financial markets.

The corporate fomo seems to have started definitively as companies already have over $15 billion of bitcoin on their balance sheets. In total, more than 842 thousand bitcoin is involved.

With a price of, at the time of writing, about $18200, that means a total value of more than $15 billion. To be precise, companies now have 842,229 bitcoin in their hands. That is 4.54% of the total supply (!).

You can find these statistics on Bitcoin Treasuries.

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Why the corporate bitcoin fomo starts right now
It all started, of course, with MicroStrategy, which suddenly bought over $200 million worth of bitcoin in August. Shortly after that they bought the next big chunk in September and then it went off.

Not long after the announcement, the big Square followed them with a cautious investment of $50 million. In the meantime, both MicroStrategy and Square have already made good money on their investment. This is mainly reflected in MicroStrategy’s share.

The demand for bitcoin from companies seems to grow along with bitcoin’s reputation as a store of value. With practically the same properties as gold, but a much smaller market cap, the growth potential of bitcoin is enormous.

Bitcoin is gold on steroids

Normally, assets such as gold are mainly used to protect a portfolio against a bad market. When the economy is going badly, gold often does well. The ultimate insurance on your portfolio.

In good times, however, gold is not such an interesting investment at all. The great thing about bitcoin is that it is both an insurance on the financial system, and an asset that has shown considerable growth even in good times.

The relatively poor economic outlook makes it likely that central banks around the world will continue to print money en masse. This massive devaluation of money will only improve the long-term prospects for bitcoin.

Bitcoin is made for the macroeconomic environment in which we currently find ourselves. The corporate fomo for bitcoin seems to have begun.

Translated with www.DeepL.com/Translator (free version)

The end of a (very) long wait? Ethereum has finally started its launch process for phase 0 of its version 2.0. Already, future stakers have sent their ETHs on the contract. But are they as numerous as expected?

Community begins to commit funds for Ethereum 2.0

To say that Ethereum 2.0 and staking were expected is an understatement for the community of the second largest cryptocurrency at the moment. Bitcoin Profit went through long years of development and several hitches before it could move the project forward. But we now know the launch date of phase 0, which was announced by the Ethereum foundation on Wednesday.

On Ethereum Launchpad, which gathers information about the launch of Ethereum 2.0, we can see that more than 15,400 ETH have already been “staked” . This is a considerable commitment for users: these ETHs cannot be withdrawn before phase 2 of Ethereum 2.0, i.e. in at least two years.

Currently 15,400 ETH is over $ 6 million . For the mainnet to start, however, the community will have to send 524,888 ETH to the contract, so we are still a long way from it. Which did not fail to raise doubts within the crypto community.

Will Ethereum succeed in mobilizing investors?

A recently published Consensys report pointed to a potential limitation of Ethereum 2.0. Investors may want to wait before committing their funds … Especially if the grass is greener elsewhere:

“There is concern that ETH hodlers might (at best) wait to see how much the initial staking brings in , comparing it to the DeFi sector . At worst, they could also choose not to “risk” locking in their ETH before phase 1.5, which will take place at least in a year and a half, in case a bull run […] occurs in the meantime. “

The launch of ETH 2.0 indeed comes at a time when the prices of Bitcoin (BTC) and Ether are on an upward slope. For ETH holders, therefore, it makes sense to wait and see where it goes.

In addition, the DeFi sector is also in competition … If one is ready to assume the risks. The „Degens“ have shown that they do not hesitate to send their funds to risky contracts in order to take advantage of opportunities, Andre Cronje has experienced this several times. A less risky investment, but also less immediate, will it therefore be enough to tempt ETH holders in sufficient numbers?

Japanese financial group SBI Holdings recently signed contracts with two e-athletes. They receive their salary in the form of the cryptocurrency XRP.

According to a press releaseFrom October 15, 2020, the Japanese company SBI Holdings hired two professional e-athletes

The special thing about it is that SBI pays the salaries of the talents in the form of the crypto currency XRP. The e-athletes Kenji Suzuki and Subaro Sagano would have wished for this in their contracts. Thus, SBI e-Sports not only strengthens its presence in the e-sports scene, but also drives its own crypto growth.

SBI e-Sports was founded in June 2020 and is a subsidiary of SBI Holdings. It seems like the company is looking to take the opportunity to accelerate the adoption of XRP. In September 2020, the company announced a sponsorship deal with SBI VC Trade . The company is pursuing a plan to create a market for digital assets and cryptocurrencies based on the „customer-centric principle“.

SBI: Long been on the crypto course

Even then, the intent of the treaty became clear. It was determined that e-athletes should be paid their annual salary exclusively in XRP. The two new members of the e-sports department announced via social media that we are very happy about their contract. They would do their best to support SBI e-Sports and fuel its growth. They didn’t say a word about the fact that their salary was paid exclusively in XRP.

In addition to e-sports, SBI primarily promotes the use of other crypto products. The company made it clear that its ambitions were far higher, however.

As an innovator creating service companies with the help of crypto assets, we want to develop and maintain a healthy market based on customer focus, improving prices, increasing liquidity, etc.

How serious SBI is with the blockchain can be seen in the fact that the e-sports department announced that it will be issuing its own security token . An offer that would earn the company 50 million yen is expected to close on October 30th.

Ripple has activated a credit function in RippleNet for small and medium-sized companies and has also announced a partnership with Lemon Way.

Corporate financing via traditional bank loans is fraught with bureaucratic hurdles and is often tough in practice. Bitcoin Revival wants to simplify the process with a view to small and medium-sized enterprises (SMEs) and is presenting a newly activated beta function in RippleNet.

In the future, companies will also be able to take out loans via its ODL payment solution

The abbreviation stands for On-Demand Liquidity, a software solution tailored for interbank transactions in which the in-house XRP is used as a bridge currency for fast and inexpensive transactions between financial institutions. With pre-financed liquidity accounts, transactions can be quickly distributed across the globe using ODL. Banks can access an XRP token pool. The original national currency is first exchanged for XRP and then changed to the target currency when the transaction is completed.

Limited access to working capital is a major barrier to growth for many companies. Unlike established companies that have large balance sheets that allow them to scale their business quickly, many fintechs and small and medium-sized enterprises (SMBs) lack the capital and resources to be competitive,

it says in the press release. RippleNet customers who use the ODL payment solution can use the line-of-credit function to purchase XRP from Ripple on credit for appropriate fees. Various Ripple customers have already tested the service as part of a pilot program.

True to the motto „Send Now, Pay Later“, customers can bypass the slow grinding mill when taking out a bank loan and quickly pump up the company with liquid funds.

The feature also opens up the possibility of using the capital freed up from pre-funded accounts and continuing to invest in their business in order to open up new markets and reach new customers.

This gives small businesses in particular the opportunity to participate in global payment transactions quickly and with low fees.

Ripple partnership with Lemon Way

In addition, Ripple has announced a new partnership with the company Lemon Way. The fintech develops payment solutions for online marketplaces and crowdfunding projects. The partnership means that Lemon Way will in future be connected to the payment service provider Nium via the RippleNet hub.

More than 1,400 European marketplaces, including 200 crowdfunding platforms, are already using Lemon Way’s payment services. In view of the constantly increasing transaction volumes, the company docks with RippleNet in order to process transactions in cross-border payment transactions more quickly.

Martin-Pierre Gaultier, Chief Commercial and Marketing Officer of Lemon Way shares in the press release With:

As an innovative company, we are always looking for new business models and technological capabilities that will enable us to offer better services to our dealers. Our partnership with Ripple is a testament to this, and we are excited to offer faster, more cost-effective withdrawals to support the evolving needs of our customers and merchants.

The connection to RippleNet enables Lemon Way to process transactions with financial institutions in real time and at low fees. This is an important step to win new customers and also anchor the Ripple payment infrastructure a little more in online trading.

Le prix du Bitcoin est inhabituellement tiède malgré des fondamentaux solides. Aux taux au comptant, par exemple, non seulement les prix du Bitcoin Evolution sont ondulés avec des volumes de négociation légers, mais les taureaux oscillent en dessous des niveaux de résistance critiques.

Dans l’immédiat, les taureaux doivent faire face à des niveaux de liquidation élevés à 11 000 $ et plus tard à 11 500 $. Une augmentation claire au-delà de cela pourrait être l’impulsion nécessaire, une condition préalable pour 12500 $ ou même un nouveau sommet de 2020.

L’incertitude politique attise la demande de BTC?

Derrière cela se cache l‘ incertitude de la politique américaine. Certains analystes affirment que le débat présidentiel d’hier a été une grande victoire pour Bitcoin et crypto.

Dans une certaine mesure, cela peut être vrai. Le Bitcoin s’est transformé en un actif de réserve de valeur, un moyen de stocker de la valeur, tout comme l’or.

L’analyse en chaîne prend en charge les taureaux Bitcoin

Si tel est le cas, les chances que la pièce monte en flèche le mois prochain avant cette élection présidentielle controversée restent élevées. Déjà, il y a des indices de nouveaux participants qui affluent et se positionnent pour un éventuel rallye.

Willy Woo, un analyste en chaîne, a déclaré que les capitaux affluant à Bitcoin ne se reflétaient pas encore dans les graphiques de prix.

Nous constatons un pic d’activité des nouveaux participants entrant dans BTC qui ne se reflète pas encore dans le prix, cela n’arrive pas souvent. C’est ce que les traders appellent une divergence, dans ce cas, c’est haussier.

Ajouter:

Globalement: haussier les 3 prochaines semaines, également haussier au cours des 3 prochains mois. L’OMI est le bon moment pour construire une position longue à long terme sur plusieurs mois ou déployer de nouveaux capitaux si vous envisagez d’augmenter votre exposition au BTC.

Affirmant son observation, une analyse parallèle du PDG de GlassNode souligne la possibilité pour les traders et les spéculateurs de se positionner pour un rallye à court terme puisque Bitcoin apparaît sous-évalué.