First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster

Published on by Coindesk | Published on

Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.

With the outcome of last week's U.S. presidential election now mostly settled, crypto analysts turned to other market factors, such as whether investors and bitcoin miners might take advantage of the recent price increase to pocket gains.

Bitcoin's on-chain activity suggests miner confidence in the ongoing price rally.

Bitcoin: Investing legend Bill Miller, whose stock picks beat the Standard & Poor's 500 for 15 years, tells CNBC that every major investment bank will eventually own bitcoin or something like it.

Litecoin: Also-ran cryptocurrency gets included in Venezuelan government's new crypto exchange, alongside bitcoin, dash and the government-sponsored petro.

Bitcoin Cash: Kraken crypto exchange says it will only support upcoming hard-fork Bitcoin Cash ABC "If the hash power on the ABC network is at least 10% of the hash power on the Bitcoin Cash Node network."

Grin: Privacy coin, once dubbed "Bitcoin 2.0," gets hit with 51% attack.

Margin calls appear subdued in latest bitcoin rally as spot markets take back limelight from derivatives exchanges.

JPMorgan says family wealth-management offices may now see bitcoin as alternative to gold.

Hive Blockchain, bitcoin mining firm, brings 1.2K MicroBT WhatsMiner M30S computers online, nearly doubling hash power.

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