On Tuesday, Bitcoin surprised market participants once more by tackling and maintaining $19,000 as support for much of the day. After hitting $19,420, subsequent performance was less self-assured, and a retracement overnight bottomed out at below $18,700. As was the case with $18,000, however, a rebound saw the focal level return, and at press time, Bitcoin had already beaten its previously daily high, aiming for $19,500 before a fierce rejection.
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U.S. Director of National Intelligence John Ratcliffe is apparently concerned about Chinese influence over bitcoin (Photo: Office of the DNI)U.S. intelligence head asked SEC to investigate Chinese control over crypto: Report
The Washington Examiner reports that Director of National Intelligence John Ratcliffe asked SEC Chairman Jay Clayton to investigate the control China’s mining dominance gives it over cryptocurrency
The article said Ratcliffe’s letter represented “a push by President Trump's spy chief to convince the SEC to implement rules that make it easier for U.S.-owned cryptocurrency companies to compete against those based in and controlled by China.”
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Make Bitcoin Tuesday a time for giving
Crypto donation firm The Giving Block is launching a new donations campaign on Dec. 1
The Dec. 1 fundraising campaign aims to “recreate the magic” of the 2017 Pineapple Fund, and is greatly aided by the fact that the number of charities and nonprofits accepting donations directly in BTC has jumped 10 time since 2019, from 12 to more than 120. That includes some big-name charities, including Save the Children, No Kid Hungry and The American Cancer Society.
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Bitcoin roared past $19,000 as Stellar and XRP led a resurgent alt coin market (Photo: CoinMarketCap)Markets Report: Bitcoin Tops $19,000 as Altcoins Return to Traders’ Radar
Major gains for Stellar and XRP buoy and resurging crypto market as Bitcoin comes within 3% of all-time highs
Data from price trackers including Bitcointicker and TradingView showed BTC/USD ascending through the $18,000 range to add $500 in an hour during Tuesday trading. The move is significant, marking Bitcoin’s highest price since December 18, 2017 — the height of its record-breaking bull run to $20,000. It follows a day of mixed performance, with $18,000 holding as support.
