Tuesday, August 27, 2019

As Interest Seemingly Fades Away, Will Bitcoin Hold $10,000? Weekly Crypto Market Update

View this email in your browser

Crypto Market Update

Market Cap: $264 B
BTC Dominance: 68.8%
 BTC: $10,161
 ETH: $187
 XRP: $0.268

Amid the trade war going on in the traditional global markets, Bitcoin remains relatively stable. However, as we've learned from the past, stability in the cryptocurrency market doesn't last long. If we look at Google Trends, we can see that the interest in Bitcoin has been decreasing since its peak in 2017. In recent months we can even identify a trend similar to that in early 2017.

Still, the question remains – where did the money that catalyzed Bitcoin's surge in 2019 come from? Rumors and internet conspiracies circulate, suggesting that inside information leaked from Facebook about the launch of their Libra cryptocurrency and created a trend change before the launch and the hype around it.

When it comes to altcoins this week, the downward trend seems to have halted as Binance announced the launch of a digital currency lending system with the first two products being BNB and USDT. Surprisingly, ETC will also enter the lending system, which explains its price increase. Wanchain also stood out this week, gaining more than 100% and occupied the 88th spot within the top 100 cryptocurrencies.

Nevertheless, Bitcoin maintains its dominance and it's still quite early to talk about a change in the trend regarding the altcoin market as Bitcoin hasn't yet completed its move from the beginning of the year.

Full Market Report & Analysis
Bybit Review & Guide
Out of the many crypto margin exchanges, Bybit is becoming a major player, with its advanced but simple trading platform. Read more
Must-Have Trading Tips
Such days remind us to update our Bitcoin & Altcoins legendary trading tips guide for 2019.
We Are On Telegram
Get daily crypto updates and be the first to know on crypto news and price analysis. Join now

This week chart analysis of:
BTC ETH XRP MTH & ETC



Copyright © 2019 CryptoPotato, All rights reserved.
You're receiving this email because you opted in at our website's newsletter.
Want to change how you receive these emails? 
unsubscribe

Tuesday, August 20, 2019

Crypto Market Update (Weekly): Bullish News On Bakkt’s Launch As Bitcoin Holds Firmly Above $10,000

View this email in your browser

Crypto Market Update

Market Cap: $276 B
BTC Dominance: 69.2%
 BTC: $10,690
 ETH: $197
 XRP: $0.274

The volatility which characterizes the current market conditions, as well as Bitcoin's relative stability in recent weeks can definitely be deceiving. Bitcoin is currently trading above $10,000 and rumors of institutional capital on the way are attracting the attention of many investors, especially in light of the news that Bakkt, the new Bitcoin futures trading platform of ICE, will be launched in September. However, there's no significant enthusiasm among the general public and past experience proves that only a sharp rise in price drives the masses forward. 

While Bitcoin's 'winter' is behind us, the alternative currencies holders can still feel the fierce cold and see how Bitcoin's dominance surging.

Will the Altcoins recover? And if so, who will be the last survivors on the Altcoins island? Recently, we are seeing more and more exchanges that are delisting coins that don't meet regulatory requirements or whose trading volume is controlled by bots, market makers or is nonexistent at all. The altcoins situation is definitely not in its prime, but have they hit rock-bottom yet?

Full Market Report & Analysis
Bybit Review & Guide
Out of the many crypto margin exchanges, Bybit is becoming a major player, with its advanced but simple trading platform. Read more
Must-Have Trading Tips
Such days remind us to update our Bitcoin & Altcoins legendary trading tips guide for 2019.
We Are On Telegram
Get daily crypto updates and be the first to know on crypto news and price analysis. Join now

This week chart analysis of:
BTC ETH XRP REP & METAL



Copyright © 2019 CryptoPotato, All rights reserved.
You're receiving this email because you opted in at our website's newsletter.
Want to change how you receive these emails? 
unsubscribe