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The benchmark cryptocurrency slipped by $14, or 0.14 percent, to $10,171.17 past London noon session. That marked its sixth consecutive day in negative territory, with a total plunge coming a little over the 3 percent mark. The price action reflected traders’ cautious take on bitcoin, specifically against the ongoing geopolitical and macroeconomic risks. The downside moves in the equity markets increased bids for traditional safe-haven assets, including Gold and Japanese Yen, but left nascent assets like bitcoin hanging on the sideways.
There has been a lot of talk about a possible recession in the next two years in the U.S. While a number of economists see this as a possible outcome, politicians and heads of financial institutions insists this is far from the truth.
They, however, with every decision seem to be hell-bent on devaluing the dollar and putting the economy in trouble. In their latest attempt, the Federal Reserve Bank has printed out $75 billion for commercial banks.
- As been written on the previous price analysis, Bitcoin’s trading range is getting tighter and tighter. The king of cryptocurrencies is not used for trading with such low volatility.
- As can be seen on the following two time-frames – the daily chart and the 4-hour chart – Bitcoin is getting very close to the apex of its decision point for the short and the longer-term.
- Whether the next move will be bullish or bearish – it’s too early to state. There are reasons for both directions.
Ripple (XRP) and Stellar (XLM) are the largest double-digit gainers mid-through this week’s trading. In the last 24 hours, XLM has corrected higher 20% while XRP has majestically spiked in value-adding 14.8% to its value. The formidable gains come after a period of consolidation between the support at $0.24 and the resistance at $0.27.
The U.S. branch of the most popular crypto exchange is now welcoming users. Binance.US is now open for registration and users can already complete their verification and depositing Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Tether (USDT) and Binance Coin (BNB). Users of fiat-verified accounts will also be able to deposit USD.
Dow Jones Industrial Average (DJIA) futures slid lower in pre-market trading Wednesday. The stock market is in wait-and-see mode ahead of the Federal Reserve’s interest rate decision this afternoon. But Bill Gates is shrugging off any uncertainty. In an interview with Bloomberg, the billionaire Microsoft founder said he’s still bullish on the US economy and heavily invested in stocks.
Cryptocurrencies have been stirring the interest of the general public for the last several years, mostly because of the wild price swings that yielded massive profits for the dextrous speculators. The unprecedented level of security, almost complete non-traceability, superior speed of transactions, and substantially lowers fees are among the factors that facilitated the embracement of cryptocurrencies by the millions around the globe.
It appears that more large investors, who store more than 100 thousand US dollars in the cryptocurrency, have appeared on the market.
Recall that in early September, a transaction worth more than $1 billion was recorded on the Bitcoin network.
BITMAX, a cryptocurrency exchange for the Japanese market is now in operation, the company announced. The exchange which was launched by LVC Corporation, the operator of LINE’s cryptocurrency and blockchain ventures, will be available in stages, starting with Android devices. The launch is in line with LINE’s mission of closing the gap in accessing financial services.
Metropolitan Books released Snowden’s memoir, Permanent Record, on Tuesday. It was met by the same-day announcement that the Department of Justice has filed a civil lawsuit in Virginia claiming the former CIA employee and NSA contractor has breached his secrecy agreements with both agencies by not submitting his manuscript for pre-publication review……. A few hours later, Snowden, a noted supporter of cryptocurrencies and blockchain technology, said the lawsuit will be a good thing for Bitcoin. Bitcoin, which operates without permission from a central authority, empowers people to move value from peer-to-peer, without the potential for censorship by third parties.
Both parties pointed out that reaching a “final binding settlement agreement” in their best interests, in a lawsuit that was launched over a year ago when the brother of Dave Kleiman, Ira, sued Wright for allegedly defrauding his late business partner’s family over the claim to 1.1 million bitcoin.
The BTC being disputed is now worth well over $11.1 billion. Earlier Judge Bruce Reinhard recommended Wright pay 50% of the jointly-mined bitcoin prior to December 31 of 2013, after rejecting Wright’s testimony in his defense of allegations of theft and fraud.
As Bitcoin reaches a critical point after months of coiling up, things are getting mildly heated with speculation of a breakout in the cryptospace. Bitcoin’s breakout could conclusively prove if Bitcoin has actually exited the year-long, grueling bear market.
CoinMarketCap, a top cryptocurrency tracking website with over 44 million visitors every month, is one of the most used and go-to websites for tracking the price of over 2000+ cryptocurrencies.
- Bitcoin’s price volatility, as represented by Bollinger bandwidth, has hit the lowest level since May 3, and is closing on a level seen ahead of violent price swings in the past.
- While technical charts are increasingly favoring a downside move, bitcoin’s non-price metrics continue to call a bullish move, which, so far, has remained elusive.
- BTC risks falling to $9,855 (Sept. 11 low) in the next couple of days and could extend the decline toward $9,320 (Aug. 29 low).
- The bearish case would weaken above Sept. 13’s high of $10,458. The outlook, as per the daily chart would turn bullish above $10,956 (Aug. 20 high).
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.