The Bitcoin price went from $5600 all the way down to $5100 yesterday. A $500 dollar drop, but the price has recovered since then with the same speed with which it fell down yesterday. At almost $5700, Bitcoin is now even higher than yesterday's top. Let's see if Bitcoin goes to $6000 in the coming days. It seems Bitcoin’s pre-fork price rollercoaster has begun :)
A Bitcoin sell-off to $5100... Who would have thought that at the beginning of this year? I've created two funny memes which you can find at the bottom of my crypto report :)
Cryptocurrencies Market Overview - October 19, 2017
Welcome to my Cryptocurrencies Markets Overview for Thursday, October 19, 2017.
24 Hour Change
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin Daily chart
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - October 19, 2017
Cryptocurrencies like bitcoin are not 'mature' enough to regulate, ECB chief Mario Draghi says
Cryptocurrencies are not "mature" enough to be considered by the European Central Bank (ECB) for regulation, Mario Draghi said.
Read more: www.cnbc.com
Regional Regulators in North America Are 'Closely Watching' ICOs
A new report suggests that securities regulators in North America are increasing their oversight of the blockchain funding model.
Read more: www.coindesk.com
Bitcoin Cash Developers Propose New Address Format
This week the lead Bitcoin ABC developer, Amaury Séchet, proposed to add a Bech32 address format to the Bitcoin Cash (BCC) network. Currently, the BCC community has been discussing modifying the bitcoin cash address format, alongside preparing to fix the protocol’s Emergency Difficulty Adjustment (EDA).
Read more: news.bitcoin.com
Cautiously Bullish? $6,000 in Play as Bitcoin Price Stages Sharp Recovery
Having witnessed a solid recovery from the low of $5,100 in the last 24 hours, bitcoin is once again trading on the front foot and looking northwards.
Read more: www.coindesk.com
Other sources:
- Bitcoin Returns to Health After Flash Crash (hacked.com)
- Bitcoin Price Looks to Build Solid Support at $5,700 (themerkle.com)
Gates Foundation Picks Ripple Technology to Connect 2 Billion Unbanked People
The Bill and Melinda Gates Foundation has selected Ripple's Inter Ledger Protocol to bring close to 2 billion unbanked people on a level playing field with the rest of the world.
Read more: cryptovest.com
Litecoin Price Heads Back to $60 Thanks to Strong Gains
The past few days have been filled with ups and downs for most major cryptocurrencies. Although some altcoins would prefer not to be correlated with Bitcoin, they can’t escape this inevitable fate these days. Slowly but surely, things are heading back in the right direction regardless. This is especially true where the Litecoin price is concerned, as surpassing US$60 again is only a matter of time right now.
Read more: themerkle.com
Support for Bitcoin Hard Fork Loses More Ground
Every day, the picture changes around the potential hard fork in Bitcoin scheduled for November. Support signaling dwindles and the Bitcoin price enters a period of volatility.
Read more: cryptovest.com
Kazakhstan Set to Launch National Cryptocurrency Backed by Fiat
Kazakhstan’s Astana International Financial Center (AIFC) and Exante have announced a partnership regarding the development of a national cryptocurrency. The Kazakhstan government intends to launch a state-issued cryptocurrency that is backed by fiat.
Read more: news.bitcoin.com
Bitcoin is not the new gold, Goldman Sachs says
Cryptocurrencies like bitcoin are not the "new gold," Goldman Sachs said in a note, advising investors that precious metals "remain a relevant asset class" in portfolios.
Read more: www.cnbc.com
Vitalik Buterin: Who are Cryptocurrencies For?
In the past few days, the creator of Ethereum, Vitalik Buterin, made several statements regarding the nature of cryptocurrencies, as he envisions their usage. On Twitter, he wondered if there is a distinction between foreign and domestic cryptocurrencies.
Read more: cryptovest.com
