Testing

Following its rejection at the $280 high, BCH has been falling consistently on the downside. Nevertheless, on November 10, the coin resumed sideways move after falling to the low at $256.

Buyers have successfully held the price level above $0.23 for the past four days. There has been no significant price movement for the past few days.

BNB has been making a consistent upward move despite the recent retracements. Interestingly, the crypto has reached another high of $23.50 but the coin is in the overpriced region.

Yesterday, Ethereum has continued its impressive bullish run as it reached a high of $288. In the previous day, the biggest altcoin surged to the high of $280.

Ethereum is unrelenting as it continues to make a positive upward move. About 48 hours, ETH rebounded but failed to sustain above the $190 resistance.

Bitcoin surged to hit over $7,500. It is now trading at up to $7,546 at several cryptocurrency exchanges such as Upbit, Binance, KuCoin, Bithumb, and others. On the other hand, stock markets have been on the decline as institutional selling and coronavirus treatment development failed to prove.

Buyers have successfully broken the knotty $175 resistance to reach a high of $190. However, this recent high fell short of the earlier suggested price of $200.

Bitwell platform was launched on April 6, 2020. It now offers trading of BTC option contracts and spot of seven major coins.

On April 6, the Central Bank of Korea (BOK) announced it is planning to test the central bank digital currency (CBDC), a digital won. This new currency will be used for micro-payments first, and, if successful, we might see its wide adoption.