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Bitcoin Price Prediction in October 2019: What Price Will BTC Reach This Month? [coindoo.com]
September started out to be a positive month, debuting at $9,641 and, the second day, the price escalated to pass the $10,000 mark. For a few weeks, the price then tested the $11,000 resistance, but the highest it reached for the entire month was $10, 869. BTC fluctuated slightly but maintained itself above $10,000 up until September 23. From that day, it slowly started descending until September 24 when it plummeted to $8,554.
Dow Trembles as Economic Deluge & Trade War Paralyze Wall Street [ccn.com]
The Dow fell for a second consecutive day as Wall Street wrestled with worrisome economic data and digested analyst warnings about the Trump administration’s potential move to block US investment in the Chinese market.
Wall Street’s three most closely-followed indices endured sharp declines at the opening bell. The Dow Jones Industrial Average plummeted 246.04 points or 0.93%, forcing the index all the way down to 26,327.
Bakkt Daily Volume Catastrophe, 79% less Traded Contracts [zycrypto.com]
Clearly, the launch of Bakkt futures hasn’t been a success as the crypto market collapsed and the initial trading volume was disappointing, however, no one expected this volume to be lower, especially 79% lower.
On the first day of trading, Bakkt had 149 traded contracts and only 72 Bitcoin in volume (around $700,000). This was a big let down for everyone, especially when it’s compared to the first week of CME Bitcoin futures, which had around $460 million in volume, the first week of Bakkt has raked around $5.8 million, 79 times lower than CME.
Bitcoin exhibits a bearish pattern: A revisit to sub $8,000 levels? [ambcrypto.com]
Bitcoin has recovered from the $7000 levels and is now, slowly trying to climb back up. However, it looks like there isn’t enough bullish momentum to get it going. At press time, Bitcoin was priced at $8,232 with a market cap of $148 billion. In the previous article, Bitcoin was facing resistance from the 200-day moving average, which was threatening to cap Bitcoin’s bullish momentum. The same holds true as of 2 September, 2019.
Bitcoin Falls as Weak US Manufacturing Data Scares Investors [newsbtc.com]
The benchmark cryptocurrency was down by $63.73, or 0.77 percent, to trade at $8,257.79 as of 13:41 UTC. At one point during the Asian session, it slipped towards a session low of $8,168.85, consolidating within a strict range following its rebound from levels below $8,000 earlier this week. The lack of upside momentum raised fears for further bearish action, also visible in the dwindling trade volume noted across the past 24 hours.
The firm’s move, according to an interview Forbes conducted with Morningstar Credit Ratings’ chief operating officer Michael Brawer, could make the emerging asset class more credible for investors.
Morningstar’s new rating services could, according to Brawer, allow the $117 trillion debt securities industry to move to a decentralized financial network, instead of being administered and governed by trustees and custodians.
Ripple’s Xpring Launches Crypto, Fiat Payments That Integrate Into Any App [coindesk.com]
Xpring has already been built on open-source protocols, but this platform would function like Amazon Web Services, Beard said. Developers could download the code and run it themselves, or now they can go to Xpring and plug into the service.
Beard envisions the platform being used to enable micropayments in industries like media and gaming.
“Ideally, we think the Xpring platform can work for any type of payment,” Beard said.
Ethereum Price Analysis: ETH Stalls Below $180, Are The Bears Back? [cryptopotato.com]
- From above: The nearest levels of resistance lie at $180 and $187.84. Above this, higher resistance lies at $193.66 and $200. If the bulls can climb above $200, resistance is expected at $202-$210 (contains 100-days and 200-days EMA), $225 (September 2019 high), $235, $240, $248.05, and $260.
- From below: The nearest level of support lies at $176. Beneath this, support can be found at $172, $170, $165, and $160. IF the sellers break $160, support is located at $158.61, $152.38, $149.52, $144.16, and $133.50.
The signing of the Libra Association Charter is fast approaching on October 14 amidst the global payment providers doubts on the project. According to sources familiar with the matter, four global payment giants in the Libra Association – PayPal, Visa, MasterCard and Stripe – are having doubts on the success of Libra, Facebook’s cryptocurrency.
CME Doesn’t Plan on Launching Physically-Settled Bitcoin Futures Soon [cryptoglobe.com]
The CME reportedly has no plans to launch a physically-settled bitcoin futures product, similar to the one Bakkt is offering investors.
According to Tim McCourt, the global head of equity index and alternative investment products at CME, the exchange has been seeing institutional interest in the cryptocurrency space grow, but its clients “need time to become familiar with the market and get approval to use new products.”
PayFair Limits Telegram Channel and Takes Platform Offline Following Alleged Hack [cryptomode.com]
It has become apparent that any project raising money through a token sale faces many uphill battles at the same time. PayFair is one of those projects which finds itself in contested waters. In a recent update, the team claims someone tried to hack the team’s funds, which results in the platform being taken offline for the rest of the week.
Former employees of JP Morgan, Intel, and TrustToken have come together to start a new firm and have released a new stable coin called USD Digital (USDD) token, backed by US Dollar. However, the new stable coin has a twist to its business model, where the institutions using the token would share the revenue.
The stablecoin has been targeted at institutions, exchanges, traders, and OTC desk who are in need of a stablecoin product but can’t develop their own. The business model would be based on 50-50 incentive sharing to propel its adoption. The creators believed that the ethereum based stable coin would provide great transparency to users.
Bitcoin Trading Volume In Hong Kong Skyrockets To ATH As Protests Rage On [cryptopotato.com]
Bitcoin’s Trading Volume Reaches All-Time High
The cryptocurrency boom of late 2017 and early 2018 delivered immense Bitcoin trading volume numbers in Hong Kong. As the market’s value decreased in the following months so did the volume. However, the weekly volume for BTC against the Hong Kong Dollar on LocalBitcoins shows that last week it hit a new all-time high. The recent volume of almost 12,300,000 surpassed the 2017/2018 boom.
[Event]
국내 첫 미디어 연합 블록체인 컨퍼런스 ‘KBW 2019’ 열린다 [blockpost]
블록체인 기술과 산업에 전문성을 인정받는 미디어 5사가 공동으로 아시아 최대 규모 블록체인 컨퍼런스 ‘코리아블록체인위크 2019(KBW2019)’를 오는 9월 27일부터 10월 4일까지 개최한다.
국내 최대 블록체인 행사 ‘디파인’ 열린다…디센터 등 5개 미디어 주관 [decenter]
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.
[광고]
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