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Data from Coin360 showed sideways price action as the order of the day for Bitcoin, which remained rangebound between $10,100 and $10,320.
As Cointelegraph reported, a longer period of low volatility saw only a brief interruption on Monday, when BTC/USD suddenly shed around $200. A subsequently rebound to previous levels slowly faded, leading to press time rates of $10,175.
The overall change for Bitcoin stood at 1.3% on the day, while weekly performance was also flat at 0.6% depreciation.
The benchmark cryptocurrency slipped by $44.70, or 0.44 percent, to $10,217.84 as of 13:09 UTC. The downside price action occurred on the sidelines of better-performing alternative cryptocurrencies. While the second-most valuable blockchain Ethereum climbed 2.18 percent against bitcoin, XRP became the second-largest gainer against the king cryptocurrency after rising 5.97 percent. Other altcoins, including Bitcoin Cash, Litecoin, and EOS, also registered impressive gains.
Bitcoin volatility has fallen to its lowest level in more than four months as prices have settled since June’s price peak.
The cryptocurrency’s 30-day volatility measure, according to research from Blockforce Capital and reported by Forbes, hit 47% on Monday – the index’s lowest reading since May 10. Meanwhile, 60-day volatility hit 54%, also a low since May 10.
The future of the Bitcoin network remains rather uncertain. Despite more mining power coming online every year, the world’s leading cryptocurrency isn’t becoming more popular on a global scale. One positive sign of growth comes in the form of SegWit use. Although one would expect the numbers to be much higher by now, the number of SegWit-spending payments has risen to just over 50% for the very first time.
Bitcoin was trading in negative territory on Tuesday as attacks on Saudi Arabia’s crude oil processing facilities weighed on the global economy.
The benchmark cryptocurrency dwindled by $74.49, or 0.73 percent, to $10,188.05 minutes after the London market open. The move downside extended bitcoin’s week-to-date loss to 2 percent, maintaining the ongoing sideways momentum. Elsewhere in the cryptocurrency market, assets appeared stronger. Ethereum, the second-
In a press release on September 17, Wells Fargo said its new remittance platform would form an international payment network based on what it describes as “distributed ledger technology” (DLT).
Payments will work using a dedicated platform and asset called Wells Fargo Digital Cash.
Pegged to the US dollar, the concept will undergo a pilot for internal transfers next year says the bank. In the future, multiple applications will use the platform as their basis.
Cryptocurrency exchanges are currently holding at least $12.4 billion in bitcoin, ether, and tether
Binance currently holds $3.6 billion od customer’s bitcoin, tether and ether; trailed by Huobi ($2.5 billion), Bitfinex ($1.8 billion) and Bittrex ($1.6 billion)
Since January, the amount of ETH held by exchanges increased by 38%, which is a much steeper increase than that of the amount of BTC (19% increase)
- Bitcoin has dived out of a narrowing price range and may see a deeper drop if key trendline support near $10,120 is breached.
- Acceptance below $10,120 would expose the recent low of $9,855.
- Some notable observers believe the decline may be reversed following Wednesday’s Federal Reserve rate cut, although historical data suggests otherwise.
- On the higher side, $10,956 (Aug. 20 high) remains the level to beat for the bulls.
Malta-based cryptocurrency exchange Binance made news a few months ago after it announced that it would restrict its services for U.S. residents. Despite gaining about 15% of its monthly traffic from the United States, Binance geo-blocked U.S. customers due to the regulatory climate. However, Binance wasn’t the only exchange to back out from the U.S. for the aforementioned reason, with prominent exchanges like Bitfinex, Bittrex, OKEx, and BitMEX also stepping back from the U.S.
The U.S. stock market, as seen in the performance of the Dow Jones throughout September, had been on an upward trajectory amidst growing optimism over a potential deal with China and the easing of monetary policies in major markets like Europe.
In the past three days, the unprecedented attacks against Saudi Arabia’s oil fields inserted fresh geopolitical risks into the energy market, leading the momentum of the U.S. stock market to weaken.
Recently, French financial authorities have shared major concerns about new cryptocurrencies being introduced onto the market. France is planning to block the development of Facebook’s cryptocurrency known as Libra claiming that the token will bring a huge risk to monetary sovereignty in the country and Europe at large.
During the inauguration of an OECD forum on blockchain and cryptocurrencies (12-13 September 2019), Bruno Le Maire, the current minister of economy and finance, made it categorically clear that under these conditions, the government can’t approve or support Facebook’s cryptocurrency to develop and flourish on the continent’s soil.
Cryptocurrency network Hedera Hashgraph, promising super fast transaction speeds, has finally launched its mainnet. The open-source digital ledger technology, which differs from traditional blockchain, is designed to be a next-generation platform that massively outperforms Bitcoin and Ethereum.
Initially announced in March of 2018, Hedera’s public launch means developers are now able to build decentralized applications on the network – currently in a beta testing phase that’s expected to be completed in 2020.
Ethereum has seen a notable 2.85% increase over the past 24 hours which brought its price up to $199. The cryptocurrency now marks a 9.5% surge over the past week which makes it the strongest one from the large-cap top 20 coins. This latest hike is largely a result of ETH recovering against Bitcoin as we continue to head to 0.002 BTC.
Ethereum remains the second-largest cryptocurrency with a market cap of $21.41 billion.
The German branch of Burger King has begun accepting Bitcoin (BTC) on its website and mobile app, as reported by Cointelegraph on Sept. 3. But has the initiative increased consumer demand for the company’s fast food, and is it really possible to buy the popular Whopper burger with Bitcoin? What difficulties has the restaurant faced in its three years of cryptocurrency experience?
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.