We present to you a report filed by our analysts for October 8–14.submitted by Golden_Island_Club to u/Golden_Island_Club [link] [comments]
The main market events on October 8–14, 2018
In the middle of the week, the expectations became reality — BTC lost about $300 in price within an hour. This time, the total cap failed to observe the periodicity — it dropped by $17 billion on Thursday and remained at this level until the end of the week. Thus, $219 billion on Monday turned into $202 billion by the end of the week.
Trading volumes were not particularly surprising: $12 billion on Monday, $16 billion on Thursday and $9 billion on Sunday. BTC dominated the market at 52–53% and up to 57% in the days of decline, followed by a reversal. The price for 1 BTC, as already mentioned, fell from $6,600 to $6,270 in the middle of the week, and recovered a bit to $6,330 at the end of the week ($6332 at the time of the report). There were no critical news, no far-fetched correlations with stock markets, and no fundamental reasons for such a decline. Most traders were happy with the current situation — the “pumps” of coins occurred every day. Top 10 coins showed complete correlation with the BTC price. In addition, intra-team and intra-project relations in the crypto-societies have strained, which was followed by a number of break-ups and heated public debates. There is a high chance that tycoons and market makers are trying to impose a thought that cryptocurrencies have no future. The advice is simple — to keep and purchase more strong coins, get rid of the weak ones and keep calm.
The big gains are right round the corner!
It’s worth recalling that JPMorgan Chase’s CEO Jamie Dimon is a fervent opponent of Bitcoin. Commonly referred to as “Crypto-hater of the year” in 2017, he has often called the cryptocurrency a “fraud”, a “bubble that will blow up” and goes as far as to threaten to fire any employees caught trading on Bitcoin for being “stupid”. U.S. Patent and Trademark Office revealed this week JP Morgan Chase applied for a patent related to blockchain back in October of last year. It’s quite the turnaround for the bank, which has been on record as one of bitcoin’s and cryptocurrency’s biggest critics. Bitcoin and Binance Coin – Weekly Technical Analysis – October 5th, 2020 . Read full article. Bob Mason. October 4, 2020, 8:11 PM · 4 min read. Bitcoin. Bitcoin fell by 1.08% in the week ... When introduced in 2008 for the purpose of bitcoin trading, ... JP Morgan Chase has already started a new division, Quorum, which is dedicated to the research and implementation of blockchain technology applications. Quorum is a smart platform built on the distributed ledger model, which offers blockchain technology benefits and services to financial intermediaries and other players who ... Binance CEO Changpeng Zhao has apologized for causing concern among the crypto community when he openly spoke about the possibility of a rollback for the Bitcoin blockchain following confirmation of a hack leading to the theft of USD 40 million worth of bitcoins on its platform.. The rollback had caused a sharp backlash, particularly among Bitcoin-only communities, aghast at the very concept ... Patent posse Square, the bitcoin -friendly payments company, is building an “alliance” to pool crypto patents and preserve the industry’s open-source spirit. Join the cryptocurrency future and trade your favorite coins on Binance! This year alone, several major companies applied for Blockchain-related patents. Like any other patent, a blockchain patent is a strict form of legal protection over an invention and the intellectual base of that invention. It’s a legal means for inventors to prevent others from making use of their invention. According ... JPMorgan Chase Is Seeking To Patent A System For Using Distributed Ledgers. JPMorgan Chase is looking to patent an arrangement for utilizing disseminated ledgers as an approach to encourage and accommodate money related transactions, newly-released filings show.. In a patent application published toward the U.S Patent and Trademark Office on Thursday (which might initially submit last October ... Binance Coin $ 28.27 0.5%. Polkadot $ 4.15 1.14%. Litecoin $ 55.56 0.81%. Bitcoin SV $ 164.90 0.79%. Alle Kurse . Der Patent-Krieg um die Blockchain . Startseite; Aktuelle Artikel im Überblick; Blockchain; Der Patent-Krieg um die Blockchain . von Danny de Boer. Am 26. September 2016 30. Juni 2019 · Lesezeit: 8 Minuten. Danny de Boer. Als Informatiker schaut Danny de Boer kritisch auf die ... Binance, the #1 spot cryptocurrency exchange in the world with USD 0.5-1 billion of daily trading volume, will launch the Binance decentralized exchange (DEX) in early 2019.. A video preview and the launch of its own blockchain has seen a major rally for its native token, BNB, with its market cap increasing USD 150 million, rocketing it to #13 on CoinMarketCap with a market cap of USD 800 million.
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