Crypto News 

Bitcoin Price Diary: Long Bitcoin, Bullish on Altcoins – XLM, VET, ONE

“As can be seen in the second chart below, XLM price came back and tested support, which is where I entered” writes Scott Melker for cointelegraph.com. Like the XLM trade above, I waited for a retest of resistance as support to enter.I am still long on Bitcoin (BTC) from under $9,000, as price moves sideways. Source: cointelegraph.com

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Crypto Markets News 

Bitcoin Drops $300, Daily Losses Among Altcoins Reach 10%

“Alongside Bitcoin, the top 20 cryptocurrencies by market capitalization are seeing major losses of nearly 10% over the past 24 hours, according to data from Coin360” writes Helen Partz for cointelegraph.com. The total crypto market capitalization presently accounts for $237 billion, according to Coin360.Falling below $9,000, Bitcoin (BTC) has seen another dip today and its price dropped over $200 in an hour.Filling in futures gaps has reportedly become standard for Bitcoin, with analysts using them to predict potential declines in the market.As Cointelegraph reported on Nov. 5, some analysts say…

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Crypto News 

Consolidating Bitcoin Price May Be Setting Up Ethereum for a 30% Surge

“Ether price is still capped below the overhead moving averages and a move above this would set the price at slightly above $200” writes Horus Hughes for cointelegraph.com. Given that Bitcoin currently has a slight bearish bias spot and margin traders should definitely remember to use a stop loss when trading Ether.Bitcoin (BTC) dominance remains high at 66.3% and so does the amount of attention traders are dedicating to the largest digital asset’s price action.Some traders have found confirming evidence in comparing Bitcoin and altcoin fractals to identify bottoming patterns…

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Crypto News 

Grayscale: Institutional Interest in Crypto Doubles in Q2

“A senior executive at cryptocurrency asset management giant Grayscale has stated that institutional investors are constantly piling into the space in 2019” writes William Suberg for cointelegraph.com. Q2 alone saw $85 million come from investors — twice as much as in Q1 — with institutional investors contributing more than 80% in total.We see institutional investors invest with us all the time and that’s been the case for a long time now.” These comments contrast with the general industry sentiment on institutional interest since trading platform Bakkt’s disappointing launch in September.…

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Crypto Markets News 

Altcoins Soar, Zuckerberg Turns on Charm, North Korea’s Coin: Hodler’s Digest, Sept. 16–22

“At the end of the week, Bitcoin is at $10,042.99, Ether at $211.44 and XRP at $0.28” writes Thomas Simms for cointelegraph.com. Not too long ago, Bitcoin (BTC) diehards were warning that altcoins are dead. “The altcoin phenomenon is finished,” RT host Max Keiser said in July.The total market cap is at $265,273,128,748. Source: cointelegraph.com

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Crypto News 

Altcoins Are Taking a Beating While Bitcoin Price Holds Around $10,500

“The Bitcoin (BTC) price has shown little price movement in the last 24 hours, and has been trading close to $10,500 for most of the day” writes Joeri Cant for cointelegraph.com. The number one altcoin Ether (ETH) is showing downward price movement and is currently trading at $174 per coin, down 2.23% on the day.At press time the world’s most popular cryptocurrency is trading at $10,532, down 0.63% on the day.Cointelegraph reported earlier that analysts suggested that the climate was right for Bitcoin to see further major gains. Source: cointelegraph.com

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Crypto Markets News 

Bitcoin’s the Only ‘Crypto With Real Value’: Anti-Altcoin Analyst

“To further assert his bullishness on the top cryptocurrency, Brandt shared his analysis on how high bitcoin can climb in this current bull market” writes Kiril Nikolaev for ccn.com. Earlier this week, Peter Brandt took to Twitter to remind altcoin maximalists that bitcoin is the king of cryptocurrencies.Many cryptocurrencies with terrible fundamentals suddenly and exponentially grew in value, chipping away at BTC’s market dominance.Nevertheless, Brandt also stressed that without bitcoin, other cryptocurrencies would be completely worthless. Source: ccn.com

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Crypto Markets News 

No ‘AltSeason’ Until Bitcoin Breaks $20K, Says Hedge Fund Manager

“Cantering Clark: Altseason was essentially a bunch of new investors entering the crypto space, drawn in by Bitcoin” writes Horus Hughes for cointelegraph.com. CT: Do you think investors’ confirmation bias impacts Bitcoin price action?. Cointelegraph spoke with Cantering Clark, a hedge fund manager and co-founder of Blockroots, to pick his brain about the general state of the market and whether altcoins will recover.The collective effort of traders makes the necessity of Bitcoin revisiting any price more “likely” thanks to the groupthink.For example, many investors believe that if Bitcoin must drop…

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Crypto Markets News 

Bitcoin Dominance Hits 70% as Keiser Warns Altcoins ‘Not Coming Back’

“Bitcoin (BTC) now has the highest share of the overall cryptocurrency market since before its record-breaking $20,000 bull run in 2017” writes William Suberg for cointelegraph.com. According to data from major monitoring resource CoinMarketCap, Bitcoin now accounts for 70.5% of the total cryptocurrency market cap as of Sept. 3.Market cap, they argued, is a poor measure of performance, as it includes many altcoins which do not even have any trading volume. Source: cointelegraph.com

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