1 X bitcoin bitcoin =


26 November 2020

Market Wrap: Bitcoin Rebounds to $9,500 After  Scary Sell-off - CoinDesk

Market Wrap: Bitcoin Rebounds to $9,500 After Scary Sell-off - CoinDesk

smart summary beta

Bitcoin suffered a quick sell-off on Wednesday after a previously dormant address moved some of the earliest-mined coins for the first time.

However, that activity was mostly from sellers after one of the oldest bitcoin addresses suddenly showed signs of life, moving up to 50 BTC around for the first time in 11 years.

This sell-off reminds traders to keep track of the oldest addresses in the bitcoin network, says Jose Llisterri, co-founder of crypto trading platform Interdax.

While the price of bitcoin was able to recover some from the dip, stakeholders such as Mostafa Al-Mashita, head of business development for digital asset management firm Secure Digital Markets, are concerned the crypto market may be heading lower.

Bitcoin’s mining difficulty adjusted on Tuesday, a 6% drop in the computational resources needed for machines on the network to produce new coins.

Since the halving, bitcoin’s total daily rewards has been reduced from roughly 1,800 down to 900 BTC.

Ether (ETH), the second-largest cryptocurrency by market capitalization, was down less than a percent in 24 hour trading as of 20:05 UTC (4:05 p.m.

The biggest digital asset dips in 24-hour trading were tron (TRX) slipping 2.8%, monero (XMR) down 2.8% and ethereum classic (ETC) losing 2.6%

Goto Full Article

bitcoin bitcoin price



Live Average


News Article Sentiment


Score (-0.2)


Bitcoin and Ether Market Update November 26, 2020 | BTCMANAGER
published: 3 minutes ago
Total crypto market cap erased $8 billion of its value for the period since Monday morning and now stands at $530.4 billion. The top ten coins are all in red for the last 24 hours with Chainlink (LINK...

sentiment (-0.4) Negative

Article Metadata


Market data feeds provided by
bitsmart 2020