• Bitcoin price breaks above $16 000 level
• PayPal allow customers to buy, sell, and hold cryptocurrencies earlier than expected
• Dash is planning to activate Spork 21 upgrade from November 17
• PayPal allow customers to buy, sell, and hold cryptocurrencies earlier than expected
• Dash is planning to activate Spork 21 upgrade from November 17
This week is very good for the cryptocurrency market. Bitcoin price kept climbing without stopping and was able to cross and hold the $16 000 level. Altcoins generally followed the movement. Small-cap cryptos in particular registered a stellar performance with the index gaining circa 25 points. Large-caps and mid-caps also moved higher and managed to overperform Bitcoin. The capitalization of all digital assets in circulation increased to 463.5 billion, while an average daily trading volume is registered at $123.8 billion. Bitcoin's market dominance increased to 64.39%.
PayPal customers in the U.S. can purchase cryptocurrencies now
Few weeks ago PayPal announced that will allow customers to use cryptocurrencies to shop on its network in early 2021. However due to high demand the payment platform is already allowing eligible customers in the US to purchase, sell and hold cryptocurrencies. Also PayPal increased weekly cryptocurrency purchase limit from $10K/week to $20K/week. Company is also planning to provide help for account holders and explain to them blockchain ecosystem through educational content which will focus on risks and opportunities related to this kind of investment option. Also PayPal obtained a conditional Bitlicense by the New York State Department of Financial Services and is working together with Paxos Trust Company to provide cryptocurrencies to all its users. The platform plans to expand these features to its Venmo in the first half of 2021.
BITCOIN soared above $16,000 early Thursday morning, breaking above the support level for the first time since January 2018. Price has broken up through the ceiling of the rising trend channel in the medium long term. Should the upbeat moods prevail then next resistance at $17 000 may come into play. However, if sellers will manage to break below the $ 16 000 level, then the nearest support lies at the aforementioned upper limit of the rising trend channel. Source: xStation5Dash price surged 15% as project plans to introduce new upgrades
Dash price jumped over 15% in the past 24 hours thanks to several factors. Developers are planning to activate important upgrade called Spork 21 which will allow the centralized recovery of control nodes. Also today, the project will release a new Core version which aims to fix several bugs however, it is not a mandatory upgrade. Besides that, recent recommendation from Teeka Tiwari on the latest PalmBeachConfidential report also lifted market sentiment toward DASH.
DASH has been trading in an sideways move since September. Yesterday price moved sharply higher and broke above the 200 SMA (red line). Today coin is testing the upper limit of the consolidation range. In case of a break higher the next resistance to watch lies at $79.90 level. On the other hand, if sellers manage to halt advances here, then downward move towards $60.00 support level is possible. Source: xStation5
