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Bitcoin marks a slight decrease of less than 2% in the past 24 hours but its price remains above $10,000 for now. Things are looking relatively as the 30-day volatility has reportedly dropped to a low seen back in May 2019. Yet, if history is any indicator, it’s usually times like this that predicate a violent move.
Data from Coin360 showed BTC/USD suddenly drop from $10,200 late on Tuesday, subsequently putting in a local low of $9,900 before a slight rebound.
At press time on Wednesday, $10,000 was acting as a guide rail, Bitcoin fluctuating immediately above and below the barrier.
Bitcoin price levels quickly bounced off the triangle support at $9,400 back up to just below $11,000 at the beginning of September. Since then BTC has formed a falling wedge and looks poised for another move up.
Bitcoin (BTC) is continuing in its not very interesting grind of a consolidation, and is predictably retesting the $10,000 mark. This level seems to be the inflection point of what has become an extensive ranging and price consolidation after the late-June run to $14,000. We will likely see Bitcoin reach the bottom of its range in the mid $9,000’s before long.
Bitcoin’s price was deadlocked just above $10,000 on Wednesday, as volatility plunged to the lowest levels since mid-May.
In crypto trading, volatility is a double-edged sword; you need it to generate the spectacular runs seen earlier this year, but it also creates the type of instability that has become synonymous with digital assets.
Bitcoin is miraculously staying above $10,000 following the drop to levels close to $9,856. However, recovery from the low failed to break $10,300 hurdle. Diminishing selling pressure hit a snag around $10,274 leaving a gap currently being explored by the bulls. The price at press time is hovering around $10,100. Besides, the lethargic movement is connected to the decreasing volume in the last few days.
Bitcoin quant expert Plan B tweeted that there are only 7 business days left until ICE will be able to offer physically-settled Bitcoin futures. This is good news for Bakkt investors, as there have been many doubts if the project was ever going to come to completion due to a series of prolonged delays.
Earlier today, the Swiss Financial Market Supervisory Authority [FINMA] released guidelines on regulating stable coins. The guideline detailed how the regulatory authority will classify and regulate stablecoins based on its nature. Importantly, the guidelines outlined how Libra would be classified by FINMA. The blog post stated,
Over the years, many investors have used several different methods and strategies, to ensure they have a strong enough position in the stock market. One sure way that pretty much guaranteed a significant passive income, was to buy FAANG (Facebook, Apple, Amazon, Netflix and Google/Alphabet) stocks and just watch them grow, as they are wont to do.
The bear market was thought to be over in 2019 with the sudden surge of Bitcoin (BTC) in April which has brought up price over 200%. Recently though, the market has slowed down and BTC even retraced a few times. At the time of writing this article, BTC is on the verge of dipping to $9,000 again and analysts think it could be worse.
Sorry bulls, the Bitcoin price is slipping once again. Over the past day, the cryptocurrency has trended lower, falling to $10,050 as of the time of writing this. At 2.5% down on the day, BTC isn’t looking bearish per se.
Yet, with volumes decreasing and Bitcoin being caught in a descending triangle chart pattern, which analysts say implies a further price collapse, bearish traders have started to see their theories gain credence.
Binance futures has been finally launched but are currently on an invite basis. The 24-hours trading volume of the leading cryptocurrency exchange’s futures market surpassed $150 million denominated in USDT.
On Sept. 10, a Reddit user posted the notable performance seen by Binance’s futures market.
Cryptocurrencies that operate in the United States will have to adhere to the highest standards of combating terrorism financing and money laundering. This is the message that a senior U.S. Treasury official had for the crypto industry, Reuters reported. Speaking to reporters during a visit to Switzerland, the official believes that crypto companies haven’t paid enough attention to implementing procedures that can deter such crimes.
After chasing the US Securities and Exchange Commission for over ten months, Ali and Ryan Shea founders of Blockstack PBC are a happy lot since their efforts bore fruits. Their approved public token offering under regulation A+ generated more than $23 million.
블록체인 기술과 산업에 전문성을 인정받는 미디어 5사가 공동으로 아시아 최대 규모 블록체인 컨퍼런스 ‘코리아블록체인위크 2019(KBW2019)’를 오는 9월 27일부터 10월 4일까지 개최한다.
9월30일부터 10월1일 양일간 그랜드 인터컨티넨탈 서울 퍄르나스에서 팩트블록의 ‘코리아블록체인위크(KBW) 2019’ 주간(9월27일~10월4일) 중 메인 행사로 열리는 디파인 컨퍼런스에는 국내외 주요 기업들과 블록체인 프로젝트들이 대거 참여할 예정이다.