Wednesday, January 27, 2021
Bitcoin Market News
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
Bitcoin Market News
No Result
View All Result

Crypto Market Update for 19 May 2020: Bitcoin, Ethereum, and Chainlink | CryptoGlobe

8 months ago
in Market
3 min read
Crypto Market Update for 19 May 2020: Bitcoin, Ethereum, and Chainlink | CryptoGlobe
Share on FacebookShare on Twitter


/latest/2020/05/crypto-market-update-for-19-may-2020-bitcoin-ethereum-and-chainlink/

Related articles

Bitcoin price drops under $30K as ‘moment of truth’ arrives, says trader

Bitcoin price drops under $30K as ‘moment of truth’ arrives, says trader

January 27, 2021
Market Wrap: Bitcoin Slips to $30.8K While Investors Plow BTC Back Into DeFi –

Market Wrap: Bitcoin Slips to $30.8K While Investors Plow BTC Back Into DeFi –

January 27, 2021

This article provides an overview of how Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK) have been doing over the past 24-hour period, covers recent news that might have affected their prices (or might do so in the future), and looks at interesting tweets about these cryptoassets from prominent members of the crypto community.

To give you a rough idea of how well the crypto markets are doing today, 14 out of the top 20 cryptoassets (by market cap) are currently in the red (against the dollar).

All market data used in this article was taken from CryptoCompare around 12:35 UTC on 19 May 2020.

Bitcoin (BTC)

Bitcoin is currently trading at $9,678, which means that it is up 0.82% in the past 24-hour period:

BTC-USD 24 Hour Chart on 19 May 2020.png

According to data from CryptoCompare, since Halving Day (i.e. May 11), Bitcoin’s price has gone up from an intraday low of $8,488 on that day to $9,355, where it is now, which means an increase of 14.02%.

Crypto analyst/investor Tuur Demeester, Editor-in-Chief of Adamant Research, said in an interview yesterday (May 18) that Bitcoin is in a bull market again, that he doesn’t see the Bitcoin price dropping below the $6,000 level, and can see the Bitcoin price going as far $50,000 or even higher in the future.

Over on Twitter, Demeester talked about Bitcoin’s next “parabolic rally”:

12 months ago bitcoin broke out of its accumulation phase, and re-accumulation started. A break out of this band will likely ignite another parabolic rally. https://t.co/uGbpqYs5s8 pic.twitter.com/T1jDZMeiNV

— Tuur Demeester (@TuurDemeester) May 18, 2020

Talking of BTC accumulation, another popular crypto analyst/investor on Twitter says that 2020 could be the last year in which it will be possible to buy Bitcoin at a price below $10,000:

Last year to accumulate $BTC under $10k

— The Crypto Dog📈 (@TheCryptoDog) May 18, 2020

Also, yesterday, Jack Dorsey, who is the CEO of both Square and CEO, demonstrated a very cool new feature in Square’s popular Cash App that should help with helping more people get started with investing in Bitcoin. In short, by enabling dollar cost averaging (DCA) and getting more people to learn to think in terms of satoshis (one Bitcoin is equivalent to 100 million satoshis) rather than bitcoins, this feature should help with encouraging even those with a small amount of disposable funds to become Bitcoiners:

You can now do automatic recurring purchases of #bitcoin in @CashApp. Daily, weekly, or every 2 weeks. And change the display to sats. #stackingsats pic.twitter.com/kOlxQtkuwd

— jack (@jack) May 18, 2020

Gabor Gurbacs, Director of Digital Assets Strategy at VanEck subsidiary MV Index Solutions (MVIS), believes that it is a common misconception that we need wide mainstream adoption of Bitcoin for Bitcoin’s market cap to reach a similar figure to that of gold (which is around $8…



Read more:Crypto Market Update for 19 May 2020: Bitcoin, Ethereum, and Chainlink | CryptoGlobe

Tags: Bitcoinbitcoin news todayChainlinkCryptoCryptoGlobeEthereumMarketUpdate

Related Posts

Bitcoin price drops under $30K as ‘moment of truth’ arrives, says trader

Bitcoin price drops under $30K as ‘moment of truth’ arrives, says trader

by Bitcoin Market
January 27, 2021
0

Bitcoin (BTC) retested the $30,000 support on Jan. 27 as a day of losses culminated in violation of the...

Market Wrap: Bitcoin Slips to $30.8K While Investors Plow BTC Back Into DeFi –

Market Wrap: Bitcoin Slips to $30.8K While Investors Plow BTC Back Into DeFi –

by Bitcoin Market
January 27, 2021
0

Bitcoin has been in a $30,000-$35,000 range for almost a week at a time when some market participants are...

3iQ’s The Bitcoin Fund Offers Trading Denominated in Canadian Dollars

The Bitcoin Fund Establishes At-The-Market Equity Program

by Bitcoin Market
January 26, 2021
0

Not for distribution to U.S. newswire services or for dissemination in the United States. This announcement and the information...

Bitcoin gyrates 10% as crypto market stays volatile

Bitcoin gyrates 10% as crypto market stays volatile

by Bitcoin Market
January 26, 2021
0

Bitcoin traded in a wide range of 10% after hitting a high and a low of $34,893.98 and 31,491.66,...

Bitcoin price rises as second-biggest cryptocurrency ether hits all-time high

Bitcoin price rises as second-biggest cryptocurrency ether hits all-time high

by Bitcoin Market
January 25, 2021
0

Ethereum and Bitcoin coins.Getty ImagesBitcoin's price rose on Monday after a brutal sell-off that saw the virtual currency briefly...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Twitch Director Shaan Puri Moves 25% of Net Worth Into Bitcoin to ‘Front Run Wave of

Twitch Director Shaan Puri Moves 25% of Net Worth Into Bitcoin to ‘Front Run Wave of

December 11, 2020
Ledger Wallet Data Leak Dumped on Raidforums for Free, Company Regrets the Situation

Ledger Wallet Data Leak Dumped on Raidforums for Free, Company Regrets the Situation

December 21, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Three Gorges Dam Collapse Mining Threat, China Banks Ban Buying Gold: The Bitcoi…

Three Gorges Dam Collapse Mining Threat, China Banks Ban Buying Gold: The Bitcoi…

December 4, 2020
The Most Secure Cryptocurrency Wallets for Different Users

The Most Secure Cryptocurrency Wallets for Different Users

November 1, 2020
Why Cemex’s Stock Is Trading Higher Today

6 Things That Will Drive Market Volatility In 2021

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Why Cemex’s Stock Is Trading Higher Today

6 Things That Will Drive Market Volatility In 2021

January 27, 2021
BlackRock CEO on BTC, Grayscale Competitor, USD 16.5bn Lost to Crypto Scams + More

BlackRock CEO on BTC, Grayscale Competitor, USD 16.5bn Lost to Crypto Scams + More

January 27, 2021
Bitcoin Trust Completes CAD$230 Million Initial Public Offering

Bitcoin Trust Completes CAD$230 Million Initial Public Offering

January 27, 2021
Bitcoin price drops under $30K as ‘moment of truth’ arrives, says trader

Bitcoin price drops under $30K as ‘moment of truth’ arrives, says trader

January 27, 2021
As Bitcoin price sees sub-$30K, do bears control the BTC market now?

As Bitcoin price sees sub-$30K, do bears control the BTC market now?

January 27, 2021
Former Bitspark CEO George Harrap Joins Crypto PR Firm as Head of DeFi – CoinDesk

Former Bitspark CEO George Harrap Joins Crypto PR Firm as Head of DeFi – CoinDesk

January 27, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com


    Warning: Invalid argument supplied for foreach() in /home/marketforbitcoin/public_html/wp-content/plugins/cryptocurrency-pricing-list/inc/ccpw_frontend_ticker.php on line 162