$14 Billion Wiped Out of Crypto Market as All Major Assets Plunge in Value

Over the past 24 hours, more than $14 billion has been wiped out of the crypto market as Bitcoin (BTC) dropped by five percent. Bitcoin, the most dominant cryptocurrency in the market in terms of price, market cap, and volume, demonstrated the smallest loss out of all major cryptocurrencies. Bitcoin Cash (BCH), Ethereum (ETH), Ripple The post $14 Billion Wiped Out of Crypto Market as All Major Assets Plunge in Value appeared first on CCN

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Bitcoin ETF Could Attract Billions in New Investment: VanEck

A bitcoin ETF could attract billions of dollars in new investments, so the Securities and Exchange Commission (SEC) should treat pending proposals as an opportunity to regulate the crypto market, said crypto exchange-traded fund advocate Gabor Gurbacs. Gurbacs, the director of Digital Assets Strategy at VanEck, made this claim during an interview with CNBC Africa’s The post Bitcoin ETF Could Attract Billions in New Investment: VanEck appeared first on CCN

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Bitcoin Futures Volatility Hit Record Low in October: CBOE

Bitcoin has been unusually stable in recent weeks, and the decrease in volatility has now reached historic levels in the futures markets. Bitcoin Volatility Hits Record Level in Futures Markets That’s according to Kevin Davitt, senior instructor for The Options Institute at CBOE Global Markets, who said that Chicago-based derivatives exchange saws record low volatility The post Bitcoin Futures Volatility Hit Record Low in October: CBOE appeared first on CCN

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Bitcoin Price Intraday Analysis: BTC/USD Predictable amid Low Volume

The Bitcoin-to-dollar exchange rate on Friday remained entrenched into the stable territory amid low volume. The BTC/USD is currently trading at 6406-fiat, just 0.42 percent above its intraday low. The pair continues to bounce between a $58 wide range, providing day traders plenty of profitable opportunities to enter and exit the market on every pullback The post Bitcoin Price Intraday Analysis: BTC/USD Predictable amid Low Volume appeared first on CCN

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JPMorgan: US Recession by 2020 Has 60% Chance, is Crypto an Alternative?

$362 billion banking giant JPMorgan Chase has predicted a 60 percent chance for the next US recession to occur by 2020. In a global market crash, can crypto be a viable alternative to existing stores of value? “The probability of a U.S. recession within one year is almost 28 percent, and rises to more than The post JPMorgan: US Recession by 2020 Has 60% Chance, is Crypto an Alternative? appeared first on CCN

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Bitcoin Price Intraday Analysis: BTC/USD in Pullback Action

The bitcoin-to-dollar exchange rate started losing its grip on the sideways action, slipping almost a percent this Friday. The pair broke below 6400-fiat, the psychological support level of the previous trend, to establish new intraday lows towards 6356-fiat. The downside action appeared after bulls began to feel weak near the giant descending trendline formation that The post Bitcoin Price Intraday Analysis: BTC/USD in Pullback Action appeared first on CCN

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$194 Million was Moved Using Bitcoin With $0.1 Fee, True Potential of Crypto

On October 16, a Bitcoin user moved 29,999 BTC worth $194 million with a $0.1 fee, a transaction which with banks would cost tens of thousands of dollars. An often pushed narrative against cryptocurrencies like Bitcoin and Ethereum is that it is expensive to clear transactions due to fees sent to miners. However, the $194 The post $194 Million was Moved Using Bitcoin With $0.1 Fee, True Potential of Crypto appeared first on CCN

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Crypto Market Stabilizes as Tether Recovers, Real Bitcoin Price at $6,450

The crypto market has stabilized after a wild 24-hour period triggered by the sudden increase in the price of Bitcoin. On cryptocurrency-only and Tether-integrated exchanges like OKEx, Huobi, and Bitfinex, the price of Bitcoin exceeded $7,700, as the value of Tether (USDT), which is supposed to be pegged to that of the US dollar on The post Crypto Market Stabilizes as Tether Recovers, Real Bitcoin Price at $6,450 appeared first on CCN

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