🗞 Daily Crypto News & Video November, 18th💰

🗞 Daily Crypto News & Video November, 18th💰


Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis.

Enjoy!

 

 

🗞 Market Wrap: Bitcoin Breaks $17.8K, Outperforming Ether in November So Far

Spot volumes and futures open interest pushed bitcoin’s price up Tuesday, beating ether’s performance so far this month.

  • Bitcoin (BTC) trading around $17,688 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $16,560-$17,862
  • BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.

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Bitcoin futures open interest on institutional investor venue CME is at a record high Tuesday, hitting $976 million, according to data aggregator Skew.

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“Bitcoin has continued to power on, but behind the raging bull there is a growing level of sophistication and capital allocation techniques,” said Denis Vinokourov, head of research for crypto brokerage Bequant.

Spot volumes on major USD/BTC exchanges were booming Tuesday, at over $1.1 billion daily volume as of press time and much higher than the $413 million daily average the past month.

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Ether lagging bitcoin in November

Bitcoin’s price performance is actually beating ether in November as of press time, up 28% versus 24%.

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🗞 Bitcoin Closes in on All-Time High as it Blasts Through $18K

Bitcoin (BTC, +6.43%) is now up 146% on a year-to-date basis and has gained nearly 70% so far this quarter, according to CoinDesk 20 data.

“A few recent events have undoubtedly had an impact,” said Antoni Trenchev, co-founder and managing partner at crypto lender Nexo. “Institutional investment by the likes of MicroStrategy and Square, PayPal actively shilling crypto, and the bitcoin halving in May,” were likely causes for bitcoin’s continual rise.

Others see global events such as COVID-19 and negative interest rates in traditional markets, such as Germany, as the outliers for bitcoin’s meteoric rise this year.

“Interest rates are the most important factor in people’s decisions on where to deposit money,” said Ki Young Ju, CEO at analytics firm CryptoQuant. “I’m sure negative interest rates will drive adoption in crypto whether it’s direct purchasing crypto/index funds or using staking services.”

🗞 Ethereum's top 10 DApps hit 1M users this month

Ethereum-powered decentralized applications, or DApps, have attracted more than one million active users over the last 30 days according to analytics platform DappRadar.

This milestone comes as interest in decentralized finance, commonly referred to as DeFi, received a second wind, with the number of users growing by 11% in the first 11 days of November.

The ten DApps, six of which describe themselves as providing “DeFi and exchange” services, represent more than $21 billion in combined trading volume over the last 30 days.

The top three DApps — Crypto.com’s DeFi Swap, Uniswap, and Compound — account for the lion’s share, with more than 930K users between them. DeFi Swap had 509.6K, Uniswap had 276.7K, and Compound had 143.9D users. None of the remaining seven DApps had more than 30,000 users across the month.

However, it turns out it wasn’t the DeFi bubble that burst, but rather a ‘Sushiswap and Uniswap’ bubble that burst. Removing these projects out of the equation and the number of active addresses has shown little change over the last three months.

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The number of total active users on Ethereum has been on the rise this year reaching a 33-month high last month. Data from analytics platform Glassnode Studio showed the number of active addresses increasing from January’s low below 2.8 million to 5.9 million in October.

🗞 Game of Thrones Star Maisie Williams Wants to Know if She Should Buy Bitcoin

Game of Thrones and The New Mutants actress Maisie Williams has started a poll on Twitter seeking opinions on whether she should invest in bitcoin. Among those who replied was Spacex and Tesla CEO Elon Musk who wrote: “Toss a bitcoin to your Witcher.”

Should Maisie Williams Go Long on Bitcoin?

As the price of bitcoin continues to surge, the cryptocurrency has attracted the attention of not only institutional investors but also celebrities. One of the latest is Maisie Williams, a 23-year-old English actress with 29 acting credits, according to her IMDB profile page. She is famed for her role as Arya Stark in the popular TV series Game of Thrones and as Rahne Sinclair, aka Wolfsbane, in X-Men reboot The New Mutants. According to the website celebritynetworth.com, Maisie Williams’ net worth is $6 million and her salary is about $150,000 per episode.

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Spacex and Tesla CEO Elon Musk also replied to Maisie Williams’ tweet. He wrote, “Toss a bitcoin to ur Witcher,” wrapped between musical note symbols. Musk likely referred to “Toss a Coin to Your Witcher,” a song from the Netflix TV series The Witcher, starring Superman actor Henry Cavill and Freya Allan, but not starring Williams.

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🗞 Daily Crypto Calendar, November, 18th💰

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  • General Event (CRYPTO)

Malta AIBC Summit from Nov 18 - 19, discussing AI, blockchain, IoT, Quantum Tech, and other emerging technologies.

  • Sologenic (SOLO)

"Join us on Nov 18, 2020 at DeFi x SOLO Summit where we'll introduce $SOLO Tokenization Asset Simulator!"

  • Blockstack (STX)

"An AMA series for the upcoming Stacks 2.0 Mainnet Launch and how you can earn BTC when stacking STX."

  • Horizen (ZEN)

"ZEN 2.0.21 Mainnet Deprecation - Block 831936, around Nov 17/18."

  • GalaxyCash (GCH)

"#GCH (@cash_galaxy) currency is going to be delisted from Crex24 on 18.11.20 as the devs appeared to have abandoned this project."

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Crypto_Lemon
Crypto_Lemon

Entrepreneur 🤵 , Writing about Blockchain, Cryptocurrencies 🚀, & Technology🕹


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