Crypto Ideas & Daily market report November 5th 2019
Cryptocurrencies were able to secure net gains during European trading on Monday with bitcoin advancing to the $9,300 area.
There was a spike higher in late US trading with bitcoin pushing sharply higher to above $9.500 before a retreat to around $9,350 in early Europe on Tuesday.
A Texas academic created a stir last year by alleging that Bitcoin’s astronomical surge in 2017 was probably triggered by manipulation. He’s now doubling down with a striking new claim: a single market whale was likely behind the misconduct, seemingly with the power to move prices at will.
Stronger equity market conditions were a significant factor driving demand for risk assets which also tended to boost support for cryptocurrencies.
Ether also made headway and pushed to highs near $190 before fading and trading just below $185.
Trade of the day
Bitcoin idea – We look to Buy at 8830
Target 1: 10000
Target 2: 10900