💠 How will the US presidential election affect the price of Bitcoin?

🖇 As the 2020 U.S. presidential election draws near, two crypto traders on Twitter shared their predictions for how Bitcoin's price could react to the event.

💎 @CrypotoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Bullish sentiments are risig to stand

🖇 In the short term, there are three factors that could enhance bullish sentiment and push the price above $11,000. The possible catalysts are Square’s $50 million investment in Bitcoin, a prolonged accumulation phase, and the recent spike in on-chain activity.

💎 @CrypotoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Stock-to-Flow model has got some issues, a report says

🖇 A report authored by the research team of ByteTree purports to debunk one of the most popular Bitcoin (BTC) valuation models — Stock-to-Flow. The model provides a very optimistic forecast for Bitcoin, claiming that a year from now we should see price levels above $100,000.

💎 @CrypotoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Central banks detail CBDC expectations in massive joint document

🖇 With Central Bank Digital Currencies a point of focus across the globe, a number of countries' banking authorities have jointly produced a document discussing the currency type at length.

💎 @CrypotoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Cryptocurrency Enforcement Framework Announced by the US Department of Justice

🖇 The US DoJ published its Cryptocurrency Enforcement Framework, explaining its views and actions to tackle criminal activities within the crypto-verse.

💎 @CrypotoLand_en
🌐 twitter.com/Cryptoland_EN

📉 Current Cryptocurrency Market

🔺 24-hours Average Market Changes and The Dominance of Cryptocurrencies

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Bloomberg: Biden election would be good for Bitcoin, bad for DeFi

🖇 The latest Bloomberg crypto newsletter contends that the election of Joe Biden as president of the United States would bring greater mainstream adoption of Bitcoin (BTC), including a potential exchange-traded fund approval.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Bullish trend reversal underway as Bitcoin price holds above $11,000

🖇 Within the last few hours, Bitcoin (BTC) price surpassed $11,000 in a swift turnaround from its swing low at $10,500 in early October. Analysts have attributed three major factors to BTC’s abrupt trend reversal.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Miners’ BTC Outflow Volume Soars 51% as Bitcoin Reaches $11,300 Zone

🖇 Glassnode has shared that the miners' Bitcoin outflow volume to crypto exchanges and other addresses has seen a massive increase of over 51 percent within the past 24 hours.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

Soon, there will be good news. Stay tuned.

💎 @CryptoLand_EN

💠 Ethereum Is Likely to Perform Really Well in 2021 Due to Ichimoku Signal

🖇 An analyst said on the potential of Ethereum in 2021 that the Ichimoku Cloud will turn green this week, after a long period from 2018, indicating the good performance of this cryptocurrency in the coming weeks and months.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Yearn.Finance’s Creator Says He’s Quit DeFi, but Project Has Bench Strength

🖇 Andre Cronje, the prolific coder and creator of Yearn, said he’s quit the project and decentralized finance (DeFi) altogether out of frustration with its realities.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Ethereum miners made 450K ETH from high network fees during DeFi peak

🖇 On-chain data shows Ethereum miners saw a 39% surge in revenue as fees soared during the DeFi craze.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

💠 A comparative overview on Bridge Oracle Protocol versus Band Protocol Oracles

🖇 Oracles are crucial to help smart contracts perform at their fullest. Smart contracts are designed to create Dapps and DAOs for organizations which call for real-world information.

📃 Article Link:
https://bit.ly/30OByYx

💎 @CrypotoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Anthony Pompliano: Nothing Better Than Bitcoin

🖇 After Bitcoin surged first above the $11,000 resistance on Friday and later on that day went to $11,442, vocal Bitcoin advocate Anthony Pompliano today tweeted praise to Bitcoin and started rebuking financial institutions who has not acquired any yet.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

💠 $12K Bitcoin price back on the table after BTC rallies above $11.4K

🖇 According to CoinDesk on Friday Bitcoin (BTC) price finally managed to break above the symmetrical triangle where the price had been compressing for the last 30 days. After holding the $11,000 level into the daily close, the price rallied to $11,448 on multiple high volume surges.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

💠 SEC’s conservative approach to crypto needs to change

🖇 Hester Peirce, commissioner for the United States Securities and Exchange Commission (SEC) affectionately known as “Crypto Mom,” says the regulator’s more conservative attitude around crypto needs to change as people become more interested in the space.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

📉 Current Cryptocurrency Market

🔺 24-hours Average Market Changes and The Dominance of Cryptocurrencies

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Industry Execs Believe PayPal Might Be Next to Support Bitcoin

🖇 Cryptocurrency industry executives recently shared a belief that after Square, PayPal could be the next to support Bitcoin.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

💠 The backdrop for institutions to adopt Bitcoin has never been better

🖇 Bitcoin has long been a niche asset only adopted by those on the fringes of society. But this is rapidly changing as institutions have started to enter the cryptocurrency space as they see that there is value in owning BTC and other digital assets.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN

💠 Google Cloud Does Not Intend to Take EOS Rewards as a Block Producer

🖇 “Google Cloud is not getting into crypto mining. This is really an infrastructure play for us,” Google Cloud Developer Advocate Allen Day said.

💎 @CryptoLand_en
🌐 twitter.com/Cryptoland_EN