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!
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JPMorgan Chase Settles Crypto Credit Card Lawsuit for $2.5 Million. JPMorgan Chase recently came to terms on a lawsuit from 2018 involving added fees for crypto purchases using credit cards. This ... Don't FoMo because of this: https://bitcoinist.com/jp-morgan-and-goldman-advise-clients-to-not-buy-bitcoin-claims-industry-exec/ Check out Crypto Zombie http... This video is unavailable. Watch Queue Queue Обзор Binance BNB - Как Купить Криптовалюту на Бирже Binance - Duration: 23:19. Дмитрий Погорелов 83,530 views 23:19 http://bitcoin-informant.de/2019/07/12/660-binance-bitcoin-margin-tradingtrump-kein-fan-von-bitcoin-jp-morgan-drogenschmuggel-schiff Hey Krypto Fans, willkom... Bitcoin (BTC) Update! Blick auf die Charts und die News des Tages! 🔥 🔥 Bitwala Aktion: 💰 35€ ohne Einzahlung sichern: https://bitwala.x89scb.net/zdmb7 ... Mere weeks ago, JP Morgan Chase, one of the world’s largest financial institutions, shocked the crypto space. For those who missed the memo, the Wall Street mainstay unveiled plans to launch its ... Mere weeks ago, JP Morgan Chase, one of the world’s largest financial institutions, shocked the crypto space. For those who missed the memo, the Wall Street mainstay unveiled plans to launch its ... JP Morgan Chase Bank has released a statements on Bitcoin and Crypto stating “That cryptocurrencies largely survived the madness of March suggests ‘longevity as an asset class" which is ... #JPMorgan #bitcoin #binance Links: ... 02:48 Jamie Dimons JPMorgan Chase Bank embraces Bitcoin 04:28 Lichenstein Private Bank for High Net-worth individuals allows Crypto Custody 04:58 Bitcoin ...