The capitalization of the cryptocurrency market can be charted like any other asset and provides unique insight into the bias of the broader market.
CoinDesk
Crypto Market Volume Explodes to $13 Billion as Traders Grow Optimistic
Over the past three days, the volume of major cryptocurrencies and the rest of the crypto market has increased substantially, from around $ 10 billion to $ 13 billion. Bitcoin, in particular, has seen a large increase in volume from $ 3.1 billion to $ 4.3 billion within a week, by more than 40 percent. Led by the positive
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Only 19% Chance Bitcoin Price Breaches $10,000 by June 2019: Traders
A drop in the bitcoin price’s daily moves has lowered the market’s expectations of reclaiming a five-figure valuation anytime soon. Options Traders Not Bullish on Bitcoin Skew — a crypto analysis blog authored by two London-based derivative traders — claimed that bitcoin has only a 19 percent chance of breaching the $ 10,000-mark by June 2019. The
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Bittrex Segregates US Traders With Launch Of International Exchange
US-based cryptocurrency exchange Bittrex confirmed it was relaunching its Bittrex Malta platform as a new exchange for non-US traders.
US Traders To Stay On Bittrex.com
In a press release and blog post, executives confirmed its new Bittrex International would host all its non-US users when it launched following a “brief evaluation process.”
US residents will use a segregated Bittrex.com platform, which will not feature some new tokens available to International account holders.
Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip
Digital asset prices dropped in value on Monday after the last few weeks of cryptocurrency market consolidation and stability. Around 8:10 a.m. EDT on Oct. 29, the top 10 digital currency markets saw percentage losses of between 2-5%. Since our last markets update two days ago, the entire crypto-economy has lost $ 5.6 billion in value.
Also read: New Qart Wallet Gives Bitcoin Cash QR Codes a Personal Touch
Attention EOS Fans, Block.one Recognized Exchange Opens up for Traders in Its First Crowd Sale
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Decentralized[?] Ethereum Exchange IDEX Waves Goodbye to New York Traders
IDEX, a self-described decentralized cryptocurrency exchange (DEX) that allows traders to trustlessly exchange Ethereum tokens, has announced that it will no longer provide trading services to customers with IP addresses originating from New York. Ethereum DEX to Block New York IP Addresses Beginning tomorrow, Oct. 25 at 6 pm UTC, New York users will be
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The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M
In today’s edition of The Daily we cover stories about the latest investment in the cryptocurrency space by Goldman Sachs, the amount institutional traders borrowed in the last six months from just one OTC desk, research on state-sponsored hackers, and a new security tool from Coinbase.
Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency Storage
Goldman Sachs Invests in Bitgo
Bitgo, the cryptocurrency security and custody company, announced on Thursday the second close of its Series B funding round, bringing the total raised in this round to $ 57.5 million. The new investors who joined in the round are Goldman Sachs’ Principal Strategic Investments group and Mike Novogratz’s Galaxy Digital Ventures. The funding is earmarked to supporting Bitgo’s wallet development.
Robinhood Is Making Millions Selling User Order Data to High-Speed Traders
Robinhood, the popular commission-free trading app that launched as a change of pace startup company in the wake of the 2008 financial crisis, has an antithetical underbelly that was just brought to light. According to a report by Bloomberg, Robinhood makes more than 40% of its revenue by selling its user order data to high-frequency […]
SludgeFeed
Traders Expected Bitcoin to Rise as Stock Market Fell, What Went Wrong?
The sudden plunge in the price of Bitcoin has demonstrated that while it lacks correlation with the broader financial market, it is not inversely correlated with the global market. Bitcoin and major cryptocurrencies are considered as a robust store of value for investors to hedge against the broader financial market because of its lack of
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Bitcoin Sparks Crypto Volatility as Traders Patch Bleeding Stock Markets
Bitcoin lost almost 5 percent in minutes on October 11th, dragging altcoins down as cryptocurrency markets followed stocks in a fresh tumble.
$ 13 Billion Disappears in 30 Minutes
Data from Coinmarketcap captures a sudden slide for BTC/USD taking the pair down over $ 400 in a 30-minute window beginning around 11:00 p.m. on October 10th.
By 12:00 a.m. EST, Bitcoin (BTC) 00 had reached a low of $ 6087 – a maximum drop of $ 470 – while managing to sustain support to keep trading above the $ 6000 barrier.
Aeternity Price Aims for $1.25 as Traders Explore Altcoins for Profits
It is evident the current cryptocurrency momentum will make this Wednesday anything but pleasant to enjoy. More specifically, there is so much red across the charts, it becomes easy to overlook the coins going in the green. One of those coins is Aeternity, a cryptocurrency which many people tend to overlook.
Aeternity Price is on a Tear
Even though Bitcoin’s negative price momentum usually drags all altcoins with it, Aeternity shows things can be done differently. This particular altcoin notes some of the strongest gains in the top 100, despite not being a low-cap altcoin by any means. With its total valuation of nearly $ 286m, Aeternity has grown quietly behind the scenes without attracting a lot of attention.
DigixDAO Price Pumps by 25% Courtesy of Binance Traders
The vast majority of cryptocurrency momentum visible right now revolves around small gains and even smaller losses. Not too much excitement is to be found right now, although DigixDAO is making a positive impact. Despite its nearly non-existent trading volume, the DGD price has been rising steadily over the past few hours.
DigixDAO Price is on the Rise
It is always somewhat worrisome to see a cryptocurrency rise in value when there is nearly no trading volume. Nor are there are any exciting developments taking place where DigixDAO is concerned. This project revolves around tokenizing gold through the Ethereum blockchain. It has not made a big impact just yet, albeit these are still the early days for this project.
Institutional Traders Haven’t Rescued Crypto Yet
Throughout 2018’s price slump, investors in digital assets hoped for an influx of institutional investors to rescue crypto prices. Retail investors pinning their hopes on large investors breaking digital assets out of their price slump are beginning to make peace with an uncomfortable fact — the institutional investors are already here.
Hedge funds and proprietary trading shops are increasingly becoming some of the largest traders of cryptocurrencies, taking the other side of larger trades in the market. The impact of professional and institutional investors on crypto markets is reflected in collapsing bid-ask spreads and increasing price convergence across exchanges. Spreads on bitcoin (BTC) 00 future contracts trading on the CME have collapsed by as much as eighty percent since the contracts began trading.
Augur Price Moves Toward $14 as Traders Predict Aggressive Growth
A lot of interesting cryptocurrency price action is happening beyond the top 25 positions, which is not entirely uncommon during the weekend. The Augur price, for example, is noting some solid gains in USD, BTC, and ETH value alike. This shows the prediction market platform is still of great interest.
Augur Price Targets $ 14
It has been a while since people actively discussed the Augur prediction market platform. Ever since the “assassinations” took center stage, there hasn’t been much of a buzz. Despite this seeming lack of attention, the price of the native REP token is still looking healthy. Today’s gains further illustrate things continue to look rather good despite what other markets might be doing.
Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders
Two major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won. Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
Bithumb Goes All Real-Name
Bithumb, the largest crypto exchange by trading volume in South Korea, announced on Friday, Sept. 14, that it will terminate fiat withdrawal service for all users without verified real-name accounts.
Chinese Cryptocurrency Traders Use Tether and VPNs to Bypass Ban
Cryptocurrency traders in China appear to have found numerous ways to circumvent the nationwide ban on trading with digital currencies. According to industry experts, as long as the transactions remain peer-to-peer and decentralized, regulators won’t be able to block them out completely.
Tether and VPNs to the Rescue
Quoting sources familiar to the matter, South China Morning Post reports that many retail investors, in addition to using illegal cryptocurrency exchanges, would convert their fiat into stablecoin Tether, and exchange between cryptocurrency wallets directly. All online actions are carried out through a Virtual Private Network (VPN) in order to protect the anonymity of the trader and to circumvent the restrictions.
Cryptopys Comes to Rescue Crypto Traders from Information Overload
Deco.agency and Krypton Capital have joined forces to launch a crypto news aggregation and portfolio management portal.
The digital asset markets are notoriously volatile and prone to actions spurred by the herd instinct, FUD (fear/uncertainty/doubt), and FOMO (fear of missing out) phenomena. Sharp price movements can be triggered by news, gossip, or speculation, which is why both professional and novice traders desperately need a reliable source of information to offer them a comprehensive picture of what is going on in the crypto universe.
With that in mind, Deco.agency, one of the leading web development agencies in Eastern Europe, has partnered with early venture capital investor Krypton Capital to launch the Cryptopys project.
Bitcoin Price Falls Below $6,900, Traders See $6,500 as the Next Support
Some major cryptocurrencies and tokens have fallen by 5 to 15 percent in the past 24 hours as the Bitcoin price failed to remain above the $ 7,000 mark. Within 12 hours, the price of Bitcoin fell from $ 7,100 to $ 6,900, briefly falling below the $ 6,900 mark. While Bitcoin has stabilized in the low $ 6,900 region, … Continued
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P2P Exchange Options Increasing for Crypto Traders in India
Since the Reserve Bank of India (RBI), the country’s central bank, banned banks from providing services to cryptocurrency businesses, traders are increasingly trading on peer-to-peer (P2P) platforms. Local crypto exchanges have come up with a number of exchange-escrowed P2P solutions.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Localbitcoins
Trading volumes in both the Indian rupee (INR) and BTC increased on Localbitcoins between the week of April 7, when the RBI issued its circular, and the week of August 18. The INR trading volume increased 25 percent, from 68 million rupees (~US$ 974,561) to 85 million rupees (~$ 1,218,201). The number of BTC traded increased about 23 percent from 150 BTC to 184 BTC.