Record volumes for cryptocurrencies

Today’s rise is accompanied by constantly growing volumes. Yesterday with more than $465 billion was for cryptocurrency the day with the highest trading volume since the end of February 2018.

Also yesterday, after an initial uncertainty, in the second part of the day purchases returned to the highest levels in recent years.

Analyzing the first three capitalized, Bitcoin, Ethereum and Ripple XRP, the current bullish trend started in early October is characterizing itself in a different way highlighting a general movement that remains driven by Bitcoin but, unlike the past Crypto Genius weeks, is transferring advantageous motivations also to Altcoin.

The Volumes of the cryptocurrency
Looking at the volumes traded over the last three days, there is an unprecedented amount of consecutive exchanges.

For Ethereum, yesterday’s day with over $3.9 billion traded recorded the third consecutive day above $3 billion. This has never happened before.

With almost $6 billion traded in 24 hours, it is also a record trade for Ripple XRP. Never before in the history of Ripple XRP have there been three consecutive days of daily trading on major platforms above $2.8 billion.

Positive crypto market
Even for today’s day the green sign continues to prevail with over 75% above parity. Between the big solo Ethereum (ETH) and Polkadot (DOT) I move in negative with decreases between 1% and 3%.

Both take a breath after the strong rises of the past few days with gains of over 30% in just five days.

Bitcoin (BTC) continues to do well, climbing 2% on a daily basis over USD 19,300, now a step away from the historical records of 2017. From current levels, just over 2% is missing to enter unexplored territory.

Stellar (XLM) with an increase of over 40% returns above 0.21 cents on a daily basis for the second consecutive day.

Positive day with a double-digit rise also for Ripple (XRP) up 10% even if at the mercy of short-term speculation causing rapid upward and downward swings during the same day.

Bitcoin’s market share rose above 61% with Ethereum slipping below 11.8% and Ripple trying to consolidate its dominance above 5%, the highest level in the last 13 months.

Although Ethereum continues to bleed, falling below 6.7 million ETHs stuck on the various decentralised protocols, with over $14.3 billion the total fixed asset value (TVL) on DeFi remains close to record levels.

Maker confirmed its leadership in the sector with $2.7 billion, followed by WBTC with $2.4 billion, recording a new record (124,480) of BTC transformed into Erc-20 tokens, equal to 74% of Bitcoin tokens.

Bitcoins (BTC)
The exponential rise of Bitcoin has brought the quotations back to one step from the absolute historical record recorded on December 17, 2017 to $19,891 recorded on the BitFinex platform.

Since the beginning of the current trend – mid-October – the rise has so far recorded only two days of weakness: 7 and 22 November. On both days, intraday speculation has caused prices to slide by just under 10%. It is this the data to take as reference in a similar context that from these levels does not find better references to consider in case of reversal of the trend.

Translated in operative terms it means that for the Bitcoin there are margins of movements to the decrease that until 17400 USD would not compromise the current upward trend. On the other hand, if the historical highs are exceeded by more than 19,900 USD, this could trigger a rise sustained by euphoria.

Ethereum (ETH)
The rise of the last five days has brought prices back above USD 600, the highest level since the beginning of June 2018. A gain of more than 30% in value in less than a week, partly unexpected after the uncertainty that has been characterising fluctuations below USD 500 since last summer.

The upward climb lacks valid short-term support, which is why it is necessary to wait for price consolidation in the coming days to define a level where to attract new purchases to support a climb to new records. Any downward speculative movement should not return below USD 480.

Translated with www.DeepL.com/Translator (free version)

My Foot at Bitcoin Says ‚Don’t Work With Investments‘ After Rising Complaints in Complaint Here

Customers complain of late withdrawal on business that promised up to 10% profit with cryptomoeda.

The site Meu Pé de Bitcoin said it „does not work with investments“ when asked about overdue withdrawals from customers who recently registered complaints on the Complaint Here platform.

According to the complaints site, complaints against My Foot of Bitcoin have increased by 1,000% in about a month. Users of the platform charge for overdue company transfers.

However, Meu Pé de Bitcoin stated that it does not offer returns on investments in cryptomoedas, unlike the customers who charge the company.

My Foot of Bitcoin

The site Meu Pé de Bitcoin is pointed out as an investment business by customers who expect the profit promised by the cryptomoedas business. Although the platform claims that it does not make investments clients cite that they have invested in the company.

This is the case of an investor from Recife – PE who said she has requested the cancellation of a contract with Meu Pé de Bitcoin. By waiting more than 45 days, she concludes that she has not received the ‚investment‘ back.

„I made an investment in June 2020. For health reasons I had to cancel the contract on August 2nd and I was confirmed that within 45 days I would receive the amount due“.

According to the users of the platform, the business offered up to 10% profit in investments in cryptomoedas. With late withdrawal, Meu Pé de Bitcoin News trader scam is unaware of the profit offer on the platform, claiming that it „never offered“ profit to customers.

„We do not make applications for third parties, we enter into partnerships and partnerships with people who believe in our potential and honesty, for those who choose to form a partnership with us, in the form of applicable law, there is the receipt of pro-labore“.

Complain Here

Complaint Here received ten complaints against My Foot from Bitcoin in October 2020, where clients complain about transfers that the company has stopped doing in recent months.

The latest unfavourable complaint about the cryptomoedas investment platform reiterates that My Bitcoin Foot is „lying to people“. In this case, the investor who is from São Paulo – SP says that the company „does not pay right“, in a complaint filed last Thursday (5).

In addition to stating that he is disappointed with the deal, the client of Meu Pé de Bitcoin says that there are users who have been waiting four months for late withdrawal requests.

„I’ve only been disappointed with this company, I don’t recommend it. The company is not good, it doesn’t pay right, they always make excuses. There are people for more than four months without receiving the money. And now with this app, no one solves it, no transfer is made“.

In addition to denying that it offers investments in Bitcoin, the company claims that it does not have „leaders,“ confronting the announcement about the company’s „crypto potentiators.

„We don’t work with investments, so we have no investment leaders.“

Still contradicting the company, in a Facebook group called ‚cryptomime arbitrage‘ a possible crypto enhancer invites other investors to join ‚My Bitcoin Foot. The user promises profits of 0.05% to 3% per month and uses a filter in the profile photo with the business logo.

More time to pay

According to My Foot Bitcoin customers who have registered complaints on the site Reclame Aqui, the company is having problems with delayed withdrawals. One of the investors says that the business asked for more time to return the money from users who are canceling contracts.

Therefore, until then payments happened within 45 days after the termination of the contract. With the change this period increases to 75 days, as the investor from São Paulo – SP says.

„Now they are saying that it is 75 days to receive my money that I requested redemption. Very nice My Foot of Bitcoin. I don’t recommend it, they are lying to people“.

In response, Meu Pé de Bitcoin stated that it is a startup that „provides technology for establishments to receive in Bitcoin,“ refusing to offer any kind of investment in cryptomoedas.

About the complaints on the site Reclame Aqui, the site Meu Pé de Bitcoin states that everything is just a „big misunderstanding“ and that the registration of the complaints may be aimed at damaging the image of the business.

Bitcoin on November 10: we are approaching the 2017 record

Continuation or correction? – Bitcoin has just had an explosive week and is getting a little closer to its price record of 2017. Will we see a continuation of the trend this week?

Bitcoin weekly: a convincing trend

Last week, the tension was at its height with Bitcoin tickling its resistance of $ 14,000. A week later, that level was widely broken down, and Bitcoin is trading at $ 15,332 at the time of writing.

The underlying trend is clearly bullish on Bitcoin. We are on price levels not seen for almost 3 years and the weekly closings of January 2018.

In weekly , the configuration is explosive . Bitcoin ends this year 2020 with a bang and is only a few cables away from being able to win the Grail : the ATH of 2017 at 20,000 dollars.

After breaking through $ 14,000, almost no chart resistance is holding us back to continue galloping north. A retest of this level is of course possible, but in no way invalidates the current uptrend of Bitcoin.

Bitcoin in everyday life: consolidation in sight?

The past week has been very bullish for Bitcoin. In the aftermath of the US elections , Bitcoin broke through its resistance of $ 14,000 with force, giving us a very nice bullish candle of 10% , a gain of more than $ 1,400 on the day.

Since then, we are again in the state preceding this beautiful candle: we consolidate .

The price came to test twice the 16,000 dollars without managing to cross them, and this level is for the moment well defended by the sellers. The rare passages under $ 15,000 were quickly swallowed up by buyers. The trend is bullish here too, and Bitcoin is consolidating in this range for now.

Bitcoin popular with its former enemies

Remember! A few years ago , Bitcoin was still considered “rat poison” or “terrorist currency” . Now, the king of cryptos continues to make great allies :

Legendary investor Bill Miller who describes Bitcoin as a safe haven ;
The JP Morgan business bank which recognizes Bitcoin as a credible alternative to gold ;
And maybe even US President Joe Biden? After all, he received huge donations from the cryptosphere for his campaign.

The question we could ask ourselves with such a bullish context is „where is the crowd?“ “ .