Wednesday, June 26, 2019

Bitcoin FOMO Continues: Price Crosses $13,800, BTC Dominance Rising, Altcoins Crashing - Market Report

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Crypto Market Update

Market Cap: $386 B
BTC Dominance: 63.2%
 BTC: $13800
 ETH: $353
 XRP: $0.48

Bitcoin surge continues as, contrary to predictions, the chart is becoming steeper and parabolic. Throughout the last few days, all eyes have been turned to Bitcoin, whose market dominance has steadily increased over 60%. Moreover, most altcoins are decreasing in value against it.

It seems that market enthusiasm is beginning to be felt, ushering in yet another wave of FOMO. Those who were here before, however, know that this tune repeats itself, and as such aren't as excited. Even as the altcoins shed value against Bitcoin, they are finding strength against the US dollar.

Meanwhile, big players as well as opinion leaders in the cryptocurrency community are trying to keep altcoin season alive. This does seem a bit far-fetched at the moment, as Bitcoin's impressive gains have been getting all the attention. Nevertheless, when Bitcoin reaches strong resistance, that could create room for alts to recover. It's difficult to assess how and when this will happen, but it's always good to be prepared.

The trend continues to be fairly mixed given the number of cryptocurrencies that have managed to make their way into the top 100. For instance, BEAM's price has increased by about 50% while other prominent altcoins are quietly waiting in the wings. Of course, exceptions such as NEO, HyperCash, and Egretia (EGT) always exist.

Airdrops tend to take place every now and then. This time it was Miblewimble's airdrop for Bitcoin holders which opened its doors for registration.

Amid all the excitement surrounding the cryptocurrency markets, as well as the debate as to whether or not the volumes on various exchanges are real, the Financial Action Task Force recently issued guidelines for regulating the operation of cryptocurrency exchanges. It's part of a push toward overall market regulation, and we expect to see further moves made in this direction.

It's also important to remember that if price spikes are too sharp and if you're new to this market, you should take the necessary precautions and refrain from risking more than you can afford to lose.

A correction is likely to come, and this will allow to understand where the market is headed. Meanwhile, we've probably entered the phase in which FOMO starts to settle in. This is also something to consider, and it's appropriate to be very careful when making any investment decisions.

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This week chart analysis of:
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Tuesday, June 18, 2019

Facebook Libra Fuels The Crypto Hype As Bitcoin At $9,000 – Crypto Weekly Report & Overview

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Crypto Market Update

Market Cap: $281 B
BTC Dominance: 57.3%
 BTC: $9080
 ETH: $265
 XRP: $0.42

The FOMO is once again starting to flood the market as Bitcoin continues to increase substantially. According to forecasts from previous updates, 2019 continues to be a rather fruitful year for cryptocurrency investors who definitely gained a lot of confidence in the past few months. As a result of the recent trend, traditional media is once again starting to notice Bitcoin and we can see that the coverage in recent weeks is steadily increasing.

Facebook continues to prepare for the official launch of its cryptocurrency and the community wonders how this will impact both the cryptocurrency and the financial markets, in general. Even though we have yet to see the official release, available information already suggests that the cryptocurrency won't have similar characteristics as Bitcoin in terms of transparency, privacy, as well as censorship immunity and so forth. However, it does compete with the role of the overall banking system and we're definitely looking forward to how it would turn out.

Despite the enthusiasm around the project, it's worth noting that Facebook previously blocked all advertising possibilities for industry-related companies and all of a sudden is now proudly waving its crypto flag. Additionally, other big names such as JPMorgan, who didn't believe in the merits of cryptocurrencies and expressed aversion towards it are also starting to change their attitude for the better.

Meanwhile, when it comes to alternative coins (altcoins), the trend is somehow mixed. It's impossible to overlook the 90% increase that Grin marked last week, however. Other privacy-oriented cryptocurrencies also saw serious increases, namely Beam and Zcash, as well as Monero. Additionally, Chainlink increased by 60% over the past week following the announcement of its collaboration with Google.

Full Market Report & Analysis

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Libra Will Revolutionize The Economy As We Know Today. a great piece by a veteran economist who prefers to stay anonymous.
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Bitcoin Loves Weekends

The coin surged during recent two months' weekends. Why does it happen?
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This week chart analysis of:
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