Saturday, November 28, 2020
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Spot Markets, Not Leverage, Fuel Bitcoin’s Price Rally Amid Mild Derivative Liquidations

Red-hot spot markets are primarily fueling bitcoin’s recent rally as the leading cryptocurrency trades at three-year highs around $15,500, suggesting the bull market may have room to continue. Unlike previously rallies, derivatives markets are playing a markedly less prominent role, demonstrated by mild liquidation volumes. The presence of derivatives in bitcoin’s

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Bitcoin, stocks drop as markets uncertain about US election result

The price of Bitcoin (BTC) suddenly fell by 3% within hours on Nov. 4 to $13,566 after briefly rising above $14,000. Coincidentally, the U.S. dollar, gold and stocks all fell together in tandem.Analysts are pointing to uncertainty surrounding the election as the catalyst for the sharp correction. Bitcoin 1-hour chart. Source:

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