The price of Bitcoin continues to rise. In the midst of what many expect to be the beginning of a new bullish rally in the crypto market.

Now that the fever of decentralized finance (DeFi) has finally come to an end. Thanks to this, today Bitcoin Up scam reached $14,000 for BTC once again. As Anthony Pompliano commented in the Tweet of the day, crypto biases:

Bitcoin, after the US elections: What’s coming?

Bitcoin touches the $14,000

During the last few months, the crypto market has gone off course. Because, unlike what normally happens, most of the investments that have entered the world of crypto currencies, have not entered directly into the Bitcoin market, but have gone into the decentralized finance (DeFi).

Thus, from mid-July to the end of September, DeFi experienced the biggest boom in their history. They increased their value exponentially in a matter of weeks, attracting millions of dollars of investors as a consequence. These investors wanted to take advantage of the increase in the price of the main DeFi tokens to obtain quick profits.

However, as is normally the case with such rash increases in the value of financial assets, DeFi fever came to an end. This led to the hasty exit of DeFi investors and their return to their traditional niche – the Bitcoin market.

Bitcoin hits $14,000 once again. Source: CoindeskBitcoin hits $14,000 again. Source: CoindeskBitcoin CoinDesk

Thanks to this, in the last few weeks we have experienced a significant boost in the price of Bitcoin, which has gone from $10,297 on September 5 to $13,924 at the time of writing. After having briefly touched the $14,000 as noted by analyst Anthony Pompliano with his Tweet.

This substantial increase in Bitcoin’s price is also due to the uncertainty generated by the result of the US elections. This has led many investors to take refuge in Bitcoin, while optimists hope that a favorable result for Biden will improve the crypto world conditions in the country. It’s an impulse to be reckoned with in today’s surge.

A kind of liquidity mining for insurance – Nexus Mutual is a decentralized insurance that allows DeFi users to protect themselves against smart contract bugs . It has just unveiled “ S hield Mining” , a sort of liquidity mining applied to insurance.

Le staking de NXM sur Nexus Mutual

Before getting to the heart of the matter, let’s briefly go back to Nexus Mutual’s insurance system . This brings together two players: insurers and policyholders.

So far, Nexus works like this: Insurers generate Bitcoin News Trader review tokens by collateralising ETH. Subsequently, these NXMs are staked on the contract deemed secure, which he wishes to ensure. In exchange, insurers receive a reward from fees paid by policyholders .

For example, Nexus Mutual has a contract dedicated to the protection of Compound. NXMs can be staked there and will be used as compensation in the event of a problem with Compound.

Set up a Shield Mining

However, Nexus Mutual wishes to develop its system with the implementation of Shield Mining . This system was announced on September 29 via a post on the official blog.

Thus, Shield Mining will allow insurers to receive an additional reward in the token of the protocol they insure. Obviously, this will only be available on contracts that have signed an agreement with the Nexus Mutual protocol.

For its launch, Shield Mining was deployed on the Keep Protocol contract, the protocol behind tBTC , a tokenized version of Bitcoin on Ethereum.

In effect, insurers who have provided insurance coverage for tBTC will be rewarded with KEEP tokens on a weekly basis. In total, the KEEP protocol has released 750,000 tokens to encourage insurers to ensure its smart contract .

“From today, Nexus Mutual (insurers) staker will be rewarded not only with the usual rewards in NXM, but also with 2 additional KEEP for each NXM put into play. Rewards are distributed weekly in KEEP and will continue to be distributed until 750,000 KEEP tokens have been distributed. – The announcement.

The insurers‘ response was almost instantaneous. Following the announcement, funds to cover the KEEP protocol poured in, bringing the total coverage capacity to $ 10 million .

Coverage capacity of the tBTC contract on Nexus Mutual – Source: Nexus Mutual.

Thanks to this mechanism, protocols now have a way to encourage insurers to evaluate and cover their smart contract . Hopefully, however, insurers will be able to fully assess the risks of each smart contract and not just be drawn to the lure of gain.

Recently, transaction costs on the Ethereum network have reached a new hourly record. According to Glassnode, an on-chain analysis company, yesterday the miners on the network earned more than $500,000 in an hour, during a sharp increase marked by the price of Ether (ETH).

Currently the asset is at $ 440, after having reached $ 486, a new high for 2020, at the end of a 10% growth. The peak of activity on the network was attributed to the launch of Sushiswap, a fork of Uniswap that reached $1 billion in total locked-in value within 24 hours.

This is good news for the Ether miners, who have seen their revenue increase due to higher commissions and more transactions. In fact, the hashrate of the network is growing steadily, reaching the highest levels in the last 20 months, despite the recent controversy over the proposal to reduce block rewards by 75%.

However, this development highlights the growing problem of Ethereum’s sustainability in the short and long term. DeFi is pushing the crypto asset in the direction of a new bull run, but it also seems to be the main cause of its technical difficulties.

While the decentralized finance sector continues to force activity beyond the network limits, congestion leads to more unconfirmed transactions, longer waiting times and higher commissions. All of this is due to competition among users seeking faster confirmation for their transactions. In addition, this problem makes some decentralized applications virtually unusable, an extremely crucial issue for the future of Ethereum as a smart contract platform.

Tether (USDT) has always been the largest gas consumer on the network, but recently the decentralized exchange and liquidity protocol Uniswap has overtaken stablecoin to become the smart contract that uses the most gas.

These days, Uniswap has also made headlines for surpassing Coinbase in daily trading volume, demonstrating the growing importance of DeFi in the digital asset sector.

Transaction costs remain a serious problem for crypto

Ethereum is having constant problems related to high commissions and congestion. Recently, the network has increased the gas limit per block from 10,000,000 gases to 12,500,000 gases, but it is not the only ecosystem that has seen an increase in usage costs.

Bitcoin has also seen a significant increase in transaction costs, from less than $1 in July to $3.53 at the time of writing. On August 6, the network peaked at $6.47 per average transaction.

However, these commissions are still rather negligible for large transactions, as demonstrated by the example of a user who paid less than $5 to transfer over $1 billion to Bitcoin. However, when it comes to small payments, current commissions (on both Ethereum and Bitcoin) are simply unsustainable. The nature of transaction costs has become one of the main arguments behind Bitcoin’s classification as a kind of „digital gold“ instead of a currency.

Transaction fees have been a constant problem for Ethereum, but there are some solutions under development, including an old Ethereum Improvement Proposal, EIP 1559, which is currently being tested on Bitcoin Profit, a decentralized payment and file sharing protocol. The proposal has been successful in improving the commission structure on the platform and, in theory, could also be applied to Ethereum.

Bitcoin a depuis sa création été l’antithèse du secteur bancaire et de l’investissement traditionnel, mais les 12 derniers mois ont vu un revirement incroyable. Les institutions financières traditionnelles et les personnes qui leur sont associées ont passé plus d’une décennie à se moquer de Bitcoin et de ses prétentions à être une meilleure alternative à la monnaie traditionnelle, mais au cours de la dernière année, nous avons assisté à une énorme conversion.

Une par une, les institutions et les individus qui ont jadis méprisé Bitcoin Code et le monde de la crypto- monnaie ont changé leur vision de la crypto – monnaie , en grande partie grâce aux actions des gouvernements face aux ramifications économiques de la pandémie de coronavirus. Nous résumons ici certains des commentaires les plus notables sur Bitcoin de l’année dernière qui illustrent à quel point Bitcoin a évolué pour changer les opinions de ceux qui l’ont méprisé autrefois.

George Ball, ancien PDG de Prudential

L’ancien PDG actuel de Prudential et président-directeur général de la société de gestion de patrimoine Sanders Morris Harris a déclaré à Reuters la semaine dernière qu’il avait récemment changé de position sur Bitcoin:

Je n’ai jamais dit cela auparavant, mais j’ai toujours été un adversaire de la blockchain, de la crypto-monnaie et du Bitcoin. Mais si vous regardez maintenant, le gouvernement ne peut pas stimuler les marchés pour toujours. L’inondation de liquidité se terminera tôt ou tard […] Ainsi, l’investisseur très riche ou le trader se tournera probablement vers le Bitcoin ou quelque chose comme ça comme aliment de base.

Paul Tudor Jones, PDG de Tudor Investment Corp

Paul Tudor Jones, dont la société a 39 milliards de dollars d’actifs sous gestion, s’est prononcé en faveur de Bitcoin en mai:

La meilleure stratégie pour maximiser les profits consiste à posséder le cheval le plus rapide. Si je suis obligé de prévoir, je parie que ce sera Bitcoin.

Mathew McDermott, responsable des actifs numériques Goldman Sachs

Le nouveau responsable des actifs numériques de la banque a déclaré la semaine dernière que l‘ intérêt institutionnel pour les crypto-monnaies augmentait :

Nous avons certainement constaté un regain d’intérêt chez certains de nos clients institutionnels qui explorent la manière dont ils peuvent participer à cet espace. On a vraiment l’impression qu’il y a un regain d’intérêt pour les crypto-monnaies.

Actifs numériques Fidelity

Fidelity a lancé son installation de crypto-monnaie en juin 2019 et, dans un rapport le mois dernier, a réitéré sa position haussière sur Bitcoin:

«Les conséquences inconnues des taux d’intérêt historiquement bas, des niveaux sans précédent de relance monétaire et budgétaire mondiale et de la déglobalisation ajoutent toutes de l’huile sur le feu de la sensibilisation et de l’adoption de [Bitcoin].»

«[Bitcoin est] de plus en plus intégré aux marchés et portefeuilles traditionnels.»

Bitcoin gjenoppretter fra dukkert til 11 100 dollar, men treffer en vegg på 11 800 dollar.

BTC / USD vil sannsynligvis omfavne støtte på 61,8% Fibonacci-nivå og starte oppdraget om å stige over 12 000 dollar

Bitcoin Era prisen har vist motstandskraft siden begynnelsen av uken. Denne uken startet med action over $ 12 000, men BTC slo en vegg på 12 084 dollar (på Coinbase). En tilbakeføring overtok med at prishastigheten gikk inn i 11 000 dollar. Slå med å holde nærmere det kritiske nivået på $ 12 000 tapte trekkraft med den største cryptocurrency som drar hele markedet til en ny salg. BTC / USD utforsket nivåer nær $ 11 000, men støtte til $ 11 100 ga oksene en kampsjanse for en reversering.

Gjenvinningen det siste døgnet har vært jevn og konsekvent, bortsett fra at salgspresset er til stede. For eksempel presset Bitcoin over 11 500 dollar og motstanden på 11 600 dollar, men kunne ikke stige forbi selgerens overbelastning på 11 800 dollar.

Delta og ta en andel på 150 000 USDT

I skrivende stund veksler BTC på 11 761 dollar midt i en fortsatt retrett fra 11 800 dollar (øyeblikkelig motstand). Relative Strength Index (RSI) signaliserer at salg av aktiviteter kan få trekkraft i pågående og kommende økter.

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Beslektet lesning : Bitcoin [BTC] i Cusp of a Mega Bull-Phase: Leading Analyst

Opprinnelig støtte er tenkt på 61,8% Fibonacci-motstandsnivå, tatt mellom den siste svingningshøyden på $ 12,084 til en svingningslåge på $ 11,120. Hvis denne støtten blir knust, kan investorer forvente et sammenbrudd som tester 11 600 dollar igjen (50% Fibonacci-nivå). Andre støttenivåer å huske på inkluderer 100 SMA til $ 11,643 og 50 SMA til $ 11,532.

Til tross for hindring på 11 800 dollar og den pågående retrett, går ikke alt tapt for oksene fordi MACD holder seg innenfor den positive regionen. Dessuten har okser øynene for prisen på 12 000 dollar, og vil derfor ikke belage seg på å oppnå gevinster over dette avgjørende nivået.

Bitcoin y la criptocracia siguen avanzando seriamente, y según una fuente, la razón de esto es puramente porque la gente se ha intrigado más por lo que la criptocracia puede hacer.

Bitcoin es la elección de los jóvenes comerciantes de todo el mundo

El interés es impulsado principalmente por milenios y actores institucionales. Los milenios han sido durante mucho tiempo una fuerte audiencia para la criptografía por varias razones. Por un lado, muchos miembros de las generaciones más jóvenes crecieron durante tiempos financieramente inestables como la Gran Recesión de 2008. Como resultado, tienen una terrible desconfianza tanto en los bancos como en las instituciones financieras estándar.

En los casos en que estas empresas están centralizadas y tienen más voz en cuanto a quién puede acceder a herramientas financieras específicas, el Bitcoin Trader y otras formas de criptográficas están descentralizadas. En otras palabras, no están controladas por unas pocas personas en lo alto de una escalera en algún lugar, sino por las personas que las utilizan. Están diseñados para dar a la gente más independencia financiera, lo que parece ser lo que está atrayendo a más milenarios a la criptografía en primer lugar.

Matt Luongo, director general de Thesis, afirma que varias aplicaciones de criptografía están aumentando su popularidad simplemente porque los milenarios y los comerciantes más jóvenes se están involucrando más. Él explica:

Las finanzas milenarias se basan en la capacidad de las nuevas tecnologías para reformar fundamental y permanentemente la forma en que el sistema monetario opera tanto en la forma como en la función. Esto no es sólo teoría. Está sucediendo ahora, y los milenios están liderando la carga. El éxito de plataformas como Robinhood, Acorns y el Frente de la Riqueza demuestra la potencia de este movimiento y subraya la sed de opciones de los milenios más allá de los bancos tradicionales y las casas de corretaje.

Afirma además que estas compañías y otras como ellas son el comienzo de algo enorme. Dice:

Estas aplicaciones son sólo la punta del iceberg. Su innovación fundamental es la experiencia del usuario. En última instancia, utilizan la misma infraestructura financiera que los bancos tradicionales y los administradores de patrimonio. Las finanzas milenarias tienen más en reserva, y las criptodivisas serán la clave. En lugar de construir un mejor tren para correr sobre los mismos rieles viejos, la criptografía nos permite construir nuevos rieles abiertos, de igual a igual.

Las instituciones tienen mucha influencia

La gran sorpresa sigue siendo la presencia y la actividad de los comerciantes institucionales. Durante mucho tiempo se pensó que los operadores institucionales evitaban el mercado criptográfico debido a la volatilidad de los activos. Los jugadores profesionales no querían arriesgar su riqueza, y con el cripto, las probabilidades son tan altas de que uno pueda perderlo todo fácilmente de la noche a la mañana como lo son de incurrir en ganancias masivas. Tal vez incluso más altas.

Sin embargo, en contra de la creencia tradicional, los actores institucionales han demostrado ser los más afectados por el crecimiento y la expansión del espacio digital. Se están involucrando, y están moviendo el dinero como si no hubiera un mañana. Los recientes 1.000 millones de dólares en inversiones en monedas de bits que ha generado Grayscale son una prueba de ello.

• Bitcoin è attualmente in procinto di uscire dal suo range di trading tra $9.000 e $9.300
• Il crypto sta ora mostrando alcuni segni di forza dopo il duro rifiuto di ieri a 9.350 dollari che lo ha mandato in tilt a 9.100 dollari
• Se gli acquirenti di BTC possono perpetuare questo slancio verso l’alto, un analista sta ora notando che 9.850 dollari sono nelle carte
• Egli ritiene inoltre che si troverà ad affrontare un rifiuto a questo livello di prezzo, che potrebbe confermare un massiccio modello di testa e spalle (H&S)
• Se confermato, questo modello da solo potrebbe innescare il prossimo mercato degli orsi Bitcoin

Bitcoin sta per uscire dal suo raggio d’azione, con gli acquirenti che attualmente stanno lottando con i venditori mentre si libra poco più di $9.300.

Il crypto è stato scambiato qui nelle ultime ore, e non è ancora chiaro se i tori abbiano o meno abbastanza forza per catalizzare una mossa decisiva verso l’alto.

Nonostante l’attuale indecisione, alcuni analisti stanno notando che il Bitcoin Evolution farà presto un movimento massiccio che offre una visione significativa delle sue prospettive a medio termine.

Questo movimento potrebbe favorire gli orsi, dato che un modello che è attualmente in gioco potrebbe presto segnare un macro top per il Bitcoin e per l’intero mercato della crittovaluta.

BITCOIN CONTINUA A CONSOLIDARSI MENTRE GLI ANALISTI GUARDANO AD UN MOVIMENTO MASSICCIO

Al momento della scrittura, la Bitcoin sta negoziando marginalmente al suo prezzo attuale di 9.310 dollari. Questo è il punto in cui ha fatto trading negli ultimi giorni e settimane.

Questo è un livello significativo, in quanto segna il limite superiore dell’intervallo di trading entro il quale è stato catturato nelle ultime settimane.

Come di recente, ogni tentativo di superare questo intervallo è stato accolto con un afflusso di pressione di vendita.

Come ha riferito ieri Bitcoinist, gli investitori potrebbero presto avere un’idea migliore del macro trend di Bitcoin.

Un analista citato all’interno del rapporto ha spiegato che i dati storici suggeriscono che ad una volatilità così bassa seguono di solito movimenti di oltre 3.000 dollari.

BTC FORMA UN MODELLO RIBASSISTA DI H&S; ECCO COME PUÒ ESSERE CONFERMATO

Bitcoin è in qualche modo neutrale al momento attuale, ma c’è uno schema attualmente in gioco che potrebbe non essere di buon auspicio per gli acquirenti della crittovaluta.

Un analista ha indicato uno schema di testa e spalle che si sta formando, notando che un rifiuto a 9.850 dollari ne confermerebbe la validità.

„Non ho postato molto su twitter ultimamente, ma sono stato occupato a fare trading su alts altamente volatili. Guardo a malapena il grafico BTC, ma dato l’aspetto dei grafici alt, potrei vedere un pop su Bitcoin a 9.850 dollari, che potrebbe essere lo short per l’intero mercato“.

Het zou onnauwkeurig zijn om te suggereren dat, in tegenstelling tot de populaire verwachtingen, alle altcoins de trend hebben getrotseerd om winst te noteren terwijl Bitcoin het moeilijk had om dit te doen op de grafieken. Niet alle altcoins. Terwijl mensen als Tezos en Chainlink van de gelegenheid gebruik maakten om te waarderen, waren de bewegingen van anderen als Bitcoin Cash, Dash en EOS meer in lijn met Bitcoin’s eigen prijs-kwaliteitverhouding.

Bitcoin Cash [BCH]

Bitcoin Cash, een van de populairdere vorken van Bitcoin Up, heeft al een paar maanden moeite om de winst op de hitlijsten vast te leggen. Dit was het geval ten tijde van het schrijven van dit artikel, maar ook na een stijging van bijna 9% op de rug van Bitcoin, is BCH sindsdien met meer dan 2% gedeprecieerd.

Interessant is dat, hoewel dat een pessimistische lezing zou zijn, de indicatoren van BCH dat sentiment niet lijken te delen. Terwijl de Bollinger Bands nog steeds ver uit elkaar liggen, wat wijst op enige inkomende marktvolatiliteit, hield Chaikin Money Flow stand op 0,10, wat impliceert dat de instroom van kapitaal nog steeds groter was dan de uitstroom van kapitaal.

Terwijl de blokketenontwikkelingen voor Bitcoin Cash moeilijk te realiseren waren, maakte de vorkmunt recentelijk golven nadat onthuld was dat ’s werelds grootste stablecoin, Tether [USDT] nu circuleert op het Bitcoin Cash netwerk.

EOS

EOS, ooit een populaire steunpilaar in de top-10 van de cryptotheekmarkt, is er niet meer. In feite heeft de dalende waarde van de munt in de afgelopen maanden geleid tot de 14e positie op de grafieken van CoinMarketCap. Sinds de weerstand tegen eind april is EOS verder gedaald op de grafieken. Terwijl de stijging van Bitcoin op de 6e de koers van EOS met meer dan 11% duwde, volgde een kleine correctie, waarbij EOS ervoor koos om te consolideren en standvastig te blijven in plaats van hogere winsten te boeken.

De marktindicatoren van de munt wezen op een dergelijke consolidatie. Terwijl de stippellijnen van de Parabolic SAR een stijgende markt bleven ondersteunen, bleef de Relative Strength Index bemiddelen tussen de oververkochte en overboughtzones op de grafiek.

Net als bij Bitcoin Cash zijn er niet al te veel ontwikkelingen geweest om over EOS te spreken. Echter, het sentiment van de gemeenschap, off-late, is nogal angstig, vooral omdat volgens een recent rapport, EOS een exodus van ontwikkelaars zag nadat COVID-19 in werking was getreden.

DASH

Dash, een van de belangrijkste privacymunten op de markt, heeft de afgelopen maanden gestaag zijn marktaandeel verloren. Terwijl Dash is gedaald naar de 25e plaats op de hitlijsten, stond medeconcurrent Monero op het moment van schrijven op de 15e plaats. Net als EOS is ook DASH in een neerwaartse spiraal terechtgekomen sinds het in de laatste week van april zijn weerstandsniveau bereikte. Net als BCH en EOS heeft ook DASH na een stijging van meer dan 8% op 6 juli een soort van plateau op de hitlijsten gezet.

De marktindicatoren van de crypto gaven verschillende signalen. De MACD-lijn was ruimschoots over de Signaallijn heen en impliceerde bullishness, de histogrammen van de Awesome Oscillator gaven een minimaal momentum in de DASH-markt weer.