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The most recent Bitcoin price drop caused many altcoins to drop heavily, but can one say that they are doing poorly or is it only their USD pairs which are affected? Since a temporary bottom was found at the start of September, altcoins have steadily gained value in their BTC pairings. Take the following, for example: ETH/BTC is up +32%, XRP/BTC +27% and XLM/BTC has gained +29% during this time.
The cryptocurrency ecosystem is in a swirl as Bitcoin prices collapsed by more than 20% a few days ago and the altcoins followed suit. Bitcoin dominance has since cooled off to 69.47% from its prior high of 73.12% during the first week of September. This might be the respite that the altcoins and their holders were looking for.
King crypto is currently trading at $8136, down 0.61% in the last 24 hours. It had almost touched the $8500 mark on Oct 1, after having slipped below $8k in the previous week. However, it reached $8,497.69 and then embarked on a downtrend again. On Oct 3, it trying to push towards $8500 again, but stopped at $8414 before plummeting below $8200.
A second crisis could trigger a second bitcoin revolution. It could take us back to the dark days of bailing out institutions considered too big to fail and, perhaps, generate a newfound and more widespread appreciation of the promise of cryptocurrency.
CNBC is spotlighting a video clip from wealth manager Peter Mallouk, certified financial planner and president of wealth management firm Creative Planning, who cautions young people to stay away from Bitcoin and cryptocurrencies. The CNBC Make It clip, tweeted to 42,000 followers, shows Mallouk making a case against Bitcoin as a sound investment or as a means of building wealth.
New reports show that interest in the pioneer cryptocurrency Bitcoin (BTC) is diminishing, especially among institutional investors.
The data also shows that new data on the partnership between institutions and cryptocurrency headlines has reduced considerably. Besides, the much-hyped Bakkt futures launch did not match the anticipation, even as the Intercontinental Exchange (ICE) physically-settled Bitcoin futures are experiencing low volumes even after the settlement of the first block trade.
- SEC staff responds to ’40 Act registration for Cipher in letter stating Bitcoin isn’t a security
- Staff relies for analysis on Howey test and SEC digital asset framework
- While not a surprise to market participants and observers, this is an important confirmation of a key principle by SEC staff
Today, Roger Ver announced his upcoming debates with one of these crypto critics – Nouriel Roubini otherwise famous as Dr. Doom. This nickname was given to this economist for foreseeing the financial crisis of 2008.
These two major figures will meet at London CC Forum that will take place in two weeks and duel on issues regarding blockchain and cryptocurrencies.
- Bitcoin prices have more than doubled in 2019, far outpacing the 31 percent return for U.S. tech stocks, which Goldman Sachs deems the best-performing asset class year-to-date.
- Outsize returns could attract interest from big investors in the yield-starved traditional financial markets.
- Executives at data firm Messari say bitcoin prices, currently around $8,200, could rally to a new high in the year’s remaining months, topping the $12,902 level reached in June.
The major cryptocurrencies continue to consolidate despite this week’s failed rally attempt and bitcoin’s apparent relative weakness, but the effects of last week’s crash are still very strong. The segment is controlled by sellers, even though the top coins avoided another technical breakdown yesterday’s, opening up the way for a more sustained correction. That said, as there is still no healthy leadership among the majors, a trend change is unlikely in the coming period.
Verisart, a firm that claims to be focused on building robust blockchain-based evidentiary infrastructures for artworks and collectibles has raised $2.5 million in a funding round led by Galaxy Digital EOS VC Fund, reports TechCrunch.
Whether you’ve been inside the cryptocurrency space for a longer time, or you’ve just decided to start looking around, this selection will be interesting for everyone. We’ve made a fine selection of very credible, solid and established names, combined with some highly-skilled next generation traders. Be sure to check them all out and give them a well-deserved follow!
The Libra Association has revealed that up to 1500 entities are willing to be part of the project. The revelation comes just shortly after PayPal pulled out its support for the Facebook-allied stablecoin.
In a Twitter post, Libra stated that 1,500 entities have “indicated enthusiastic interest to participate.”
A few months back, Coinbase hiked its fees for its lowest volume tier by 150% and now again in a sudden and drastic step, Coinbase has increased its trading fees for the lowest volume traders by a whopping 233% while subsidizing 60% lower fees for the highest volume traders.
Crypto Duel: Will Bitcoin Ever Hit $100K? | Peter Brandt & Erik Crown
Peter Brandt & Eric Krown predict Bitcoin’s upcoming movements, give tips on how to survive a bear market, and answer the most important question of our modern era – is Bitcoin going to $100k or to $0? Welcome to this week’s Crypto Duel. [cointelegraph.com]
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.