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2 counterarguments for CNBC’s Brian Kelly who sees a $19K Bitcoin top

CNBC Fast Money trader Brian Kelly sees three potential signs of a price top as Bitcoin (BTC) hits $19,000. Both fundamental and technical factors suggest a pullback could be imminent as the rally becomes overextended.BTC/USDT 1-hour chart (Binance). Source: TradingView.comKelly named three reasons why a short-term Bitcoin pullback might occur.

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Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion

Analysts are bullish on bitcoin’s price but the options market is decidedly bearish on the remaining weeks of 2020. Ethereum’s wrapped bitcoin token crosses $2 billion locked.Bitcoin (BTC) trading around $16,240 as of 21:00 UTC (4 p.m. ET). Gaining 0.30% over the previous 24 hours.Bitcoin’s 24-hour range: $15,971-$16,487BTC above its

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MuSig 2 Will Offer Less Complex, More Private Multi-Sig Transactions

With Bitcoin’s long-awaited Taproot upgrade on the horizon, the engineers at Blockstream are working on a new scheme to improve multi-signature transactions. These transactions, which require signatures from more than one private key to authorize spends, will stand to benefit from Taproot. This upgrade implements Schnorr signatures into Bitcoin’s codebase, a

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Coinbase to Sponsor 2 Bitcoin Core Developers With New Grant Program

Coinbase is sponsoring at least two Bitcoin Core developers with a new grant program, the San Francisco-based exchange announced Thursday.“We believe helping to connect and grow the cryptoeconomy is essential to building an open financial system for the world,” Manish Gupta, executive vice president of engineering at Coinbase, said in

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Ethereum’s Vitalik Buterin Calls on Power Users to Move to Layer 2 Scaling

In the face of Ethereum’s recent rocketing transaction fees, its founder and chief scientist, Vitalik Buterin, called on users of the second-largest blockchain to move over to scaling solutions that are “already here for many classes of applications.”Buterin took the opportunity while speaking at the opening keynote of CryptoX’s invest:

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