🕑 4 min read
What did we collect for you today:
- Daily review of the cryptocurrency market;
- General sentiments;
- Exchanges/listing/other news: new tokens, announcements;
- And more related information.
📌 Daily market review
Bitcoin is experiencing a declining
Good evening! This time, the Bitcoin`s price failed at a level below $7000. Experiencing a high uncertainty around this point, then down, and then up, the major currency is not yet ready to go into the next evolutionary pattern. Therefore, it remains only to watch how Bitcoin stabilized on the edge of the abyss (mostly as the psychological barrier).
Can a price reversal happen after this dangerous game? Theoretically, we have some good prerequisites, including news, but so far we do not see that the momentum is fast, or whether this resistance is hard to break. And more, there is some storng opinion that «worst is over for Bitcoin», according to Google Trends analysis. We remind you that this is a general overview, not a financial advice and not even an attempt to predict something in our time.
📌 NYSE’s owner to launch firm based on BTC futures
First physical BTC futures will appear during November 2018
Turning to the news about Bakkt, a new platform that is launched under the leadership of ICE, it is also important to recall that NYSE (New York Stock Exchange) is going to launch physical bitcoin futures. New futures exchange will release fully regulated physical BTC futures as early as November this year; indeed, many important changes can be planned for this month.
To make an important amendment about exactly what Bitcoin futures are now, and what will happen next: CBOE and CME, which we now often hear, are selling cash settled futures, but these new process will put real Bitcoins of the end of the operation (on users account).
What new Bakkt can offer:
-mass adoption;
-decreasing of risks - those who would buy BTC asset before, will do this while the solution from ICE will appear;
-protection of market's manipulation.
Perhaps, the news flows have shifted slightly from the main subject, so this point may also be insufficiently considered. So do not miss it.
💰Market Cap: $254 830 538 128
💵24h Vol: $10 770 464 183
📊 Prices TOP 05.08.2018
↗️↘️Bitcoin: $7 038
↗️↘️ETH: $406
↗️↘️XRP: $0,427944
↗️↘️BCH: $699
↗️↘️EOS: $7,03
↗️↘️XLM: $0,242297
↗️↘️LTC: $74
↗️↘️ADA: $0,130342
↗️↘️IOTA: $0,913121
↗️↘️USDT: $1,00
📌 The 2nd-largest stock exchange in Germany enters crypto
Company will open «end-to-end» cryptocurrency platform
«Boerse Stuttgart Group thus continues to pursue its digitisation strategy and is becoming a pioneer for the digital transformation of financial markets and financial products.»
Well, the first big steps in this direction have already been made. Complex solutions, such as multiple platforms in one, whether ICO, trading, and other related opportunities, can be extremely useful, especially with conditions, positive to customers. More information on how the platform will work is not yet reported. However, some investors are already interested in getting the product from a proven market player.
📌 Ethereum fractals: interesting observation of ETH market
The history of cryptocurrencies contains scalable repetition
At the moment, trying to explain the processes on the cryptocurrency market, traders and just those who interested in are using a variety of methods. However, no special knowledge is needed for this observation. It is seen that the movement of the ETH price repeats, forming the related figure - approximal fractal.
According to the author, one of the reasons for this situation may be that ETH returns to the most realistic price for a given period, no more following Bitcoin that much. Although, let's add that the whole market strongly depends on Bitcoin's moods, and only a few participants are sure to provide anything to level this influence. So, the ETH can also.
And also, for the cryptocurrency market, as for many markets in general, the concept of repetition is inherent. At the moment, the crypto has a few independent factors to depend on, one of which is time, of course. Another explanation of the market fractality theory may be the so-called self-fulfilling prophecy when the market indirectly contributes to the formation of one of the patterns. But, all this is quite general observations, of course.
📌 More updates
- nUSD stablecoin moves to EOS instead of Ethereum.
- Sirin Labs refuses to cooperate with IOTA. As it said, Sirin Labs is no more working with IOTA on Finney blockchain smartphone. But, the device is likely to be released in late autumn.
- NCC (NEO Global Capital) invested in Splyse by purchasing MCT Tokens. Slype is technology consultancy project focused mostly on blockchain.
- Justin Sun: «When any new content is created in the TRON mainnet, it will be stored in a manner similar to that of @BitTorrent». Continue reading: here.
Know more interesting events/important updates? Please write a comment about it.
💱 Exchanges TOP
Binance 1.14B → 18.19%
OKEx 803.89M -> 12.87%
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