#Bitcoin Crypto Market Crashes, More than $15 Billion dumped in just a few hours Published 2 weeks ago on October 10, 2018 By Layla Harding Share Tweet Market Bleeds, Top players fall up to double digits The crypto bears dumped more than $15 billion. Cryptocurrency market has plunged over the recent hours to drop steeply near $200 billion and their yearly lows. Bitcoin played the pied flute player driving the drop when it fell through key support at $6,550 an hour or two back. BTC is right now down 5% on the day and falling, its present price is $6,300. A greater dump sought Ethereum which has lost 9% dropping its levels back to $205. Like the computerized lemmings that they are, the altcoins predictably went with the same pattern and the best twenty is an ocean of red at this moment. In the main ten, XRP is the greatest failure with a fall of more than 11% to simply above $0.420. Bitcoin Cash is a nearby second, likewise dropping 10% to exchange at $460. The rest have lost somewhere in the range of 7 and 9 percent in this most recent defeat. Additionally down the chart is a bloodbath; Tron, Nem and VeChain are generally dropping 10-11 percent at the present time. The rest are all not doing so great as Particle, Neo and Tezos are for the most part falling 7-9 percent. There is just a single altcoin resisting the drop right now and that is Aeternity which has made 8% on the day to exchange at $1.18. The dispatch of an ongoing Windows mining abundance could be keeping AE above water while each one of those around it are sinking. The greatest washouts in the best one hundred right now are Dentacoin, Noah Coin, MOAC, and Waltonchain all dumping 13-16 percent. market capitalization chart The market capitalization has declined 6.8% in the course of recent hours as they fell back to $204 billion. Over the most recent few hours, one major dive saw $15 billion wiped out from the crypto market as the bears beat them once more. It has been the biggest day by day dump for more than three weeks flagging that the defeat isn’t finished. 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Don't Miss Google promoting cryptocurrency in its new advertisement. Get ready for widespread adoption Continue Reading You may like XMR Daily Trading Signals: 24 October ADA Daily Trading Signals: 24 October XRP Daily Trading Signals: 24 October BTC Daily Trading Signals: 24 October Johnny Depp partners Ethereum Dapp Tatatu XLM Daily Trading Signals: 23 October 1 Comment 1 Comment Pingback: Crypto Market Crashes, More than $15 Billion dumped in just a few hours – The Coinage Times Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Can Cryptocurrencies be the solution for the 2020 predicted US Recession? Published 2 days ago on October 22, 2018 By Janet F. Sanchez JPMorgan Chase has predicted a 60 percent chance for the next US recession to happen by 2020. In a global market crash, can crypto be a viable solution to existing stores of value? “The probability of a U.S. recession inside one year is right around 28 percent, and rises to more than 60 percent over the next two years, researchers wrote in a note this week. Over the next three years, the odds are higher than 80 percent, as indicated by the note,” Bloomberg reported. Why Do Experts predict a Recession? As indicated by the Federal Reserve Bank of New York, there exists a mere 14.5 percent chance of a recession happening before the end of 2019. Stephen Stanley, the chief economist at Amherst Pierpont, suggested that 2020 could be considered as a premature period for the next US recession to happen yet he echoed a comparative sentiment to JPMorgan in that while the US economy remains solid with low unemployment rate and a bull market, the danger of a recession in the years to come exists. Generally, the larger part of economists in the US forecast a recession to happen in the next a few years. David Altig, Federal Reserve Bank of Atlanta research director and NABE’s survey chair, disclosed that 66% of business economists in the US expect the market to crash before the end of 2020, for the most part, due to trade issues. “Trade issues are clearly influencing panelists’ views,” Altig stated, expressing that trade issues and high-interest rates imposed by the Fed leave US markets vulnerable to a mid-term crash. Is Crypto the solution? Amid a period in which numerous economists forecast a market crash and a noteworthy recession in the next two years, the demand for crypto has increased quickly. While not portrayed by the prices of significant cryptocurrencies, financial institutions, for example, Fidelity, Goldman Sachs, and Citigroup have established the infrastructure to target institutional investors intending to invest in the advanced asset market. Banks and investment firms have prevented from establishing businesses in the cryptocurrency sector due to the absence of regulatory certainty in the market. Experts have stated that the suddenly emerging trend of major financial institutions entering the crypto market suggests the demand for crypto from investors in the traditional finance sector has increased quickly in the previous several months. As Jim Hamel, portfolio manager at Craftsman Global Opportunities Fund explained, the computerized payments industry has experienced exponential development in recent years, which could normally lead investors to cryptocurrencies. “There are a number of tailwinds adding to this trend. In the first place, we’re seeing fast development in e-commerce, which requires that customers be able to make secure advanced payments. The development in cross-border transactions and the general effect of an increasingly globalized marketplace are helping accelerate this trend.” Continue Reading #Bitcoin Bitcoin Core Client Controvercy, BitMEX vs Bitcoin Core Client Published 2 days ago on October 21, 2018 By Layla Harding Why do we need updates concerning Bitcoin clients? Bitcoin has many controversies revolving around it, and so does Bitcoin Core Client. However, history has been evident that the one which is the most valuable is also the most controversial one. To keep up with the changing times, many upgradations have been done to the Bitcoin skeleton. Many updates regarding the Bitcoin transactions. size of the Bitcoin blocks etc, to keep the Bitcoin network viable enough to be used. What is Bitcoin Core client? A Bitcoin client is a node which is required by every user who wishes to join the Bitcoin network. He or she is enabled to initiate transactions on the network as the client provides a Bitcoin wallet. There are various versions of Bitcoin clients which have been developed until now, and Bitcoin Core is the third in the list. Initially designed by Wladimir van der Laan, it requires the availability of the entire Bitcoin ledger to use its services which approximately accounts to 155 GB. However, this particular Bitcoin client has been under constant controversies for various reasons, since its inception. Hardships faced by the Bitcoin Core client Bitcoin core client was initially known as just Bitcoin. To avoid confusion, its developer decided to rename it as Bitcoin Core, but he faced a lot of criticism as people believed that this was against the idea of decentralization. Nevertheless, many Bitcoin enthusiasts supported the idea. Although Bitcoin Core governs the consensus rules of the Bitcoin network, it is not as powerful as it seems. One can very quickly shift to other Bitcoin repositories if the client becomes inefficient. This was evident when many Bitcoin enthusiasts, slipped from Bitcoin Core to Bitcoin UASF, in 2017 during the block size war. Bitcoin Bitmex Research to dethrone Bitcoin core client Bitmex has come up with a unique idea of initiating a dedicated Bitcoin client to compete with the Bitcoin Core. In their official blog post, the company also explicitly mentioned that it was solely doing it to eradicate the belief from the minds of people that Bitcoin Core controls the Bitcoin network. Specifically, it is a soft fork of the Bitcoin Core implementation. Therefore, the users need not worry about, the Bitcoin Core getting tampered, as subsequent improvements can be initiated with the new Bitcoin Bitmex research. Bitcoin Core client was considered as an excellent influencing authority which controls the market price of Bitcoin, but it is the end users to manage the Bitcoin network as designed by Satoshi Nakamoto. Lethargic attitude of developers of the Bitcoin Core client The Bitcoin Core client is highly inefficient as the network requires the synchronization of the entire blockchain, which is enormous. Therefore, many users have been complaining in this particular regard, as it took some of them, days together to complete the process. More recently in September 2018, the Bitcoin Core client was once again in the LimeLight for it’s a critical bug which was discovered two years back, in November 2016. The problem was so delicate that would have led to a complete crash of a particular node if left unchanged. The developers took the matter seriously only now, and have updated the version by fixing the bug, from versions 0.14 to 0.16.3. Bitcoin Bitmex research would be there to serve people The Bitcoin Core client has always been in the news for its controversies or bottlenecks. Therefore, it is a fantastic step taken by Bitmex which has recently announced to release a dedicated client, Bitcoin Bitmex Research. This would be a great sigh of relief, as the customers would be less vulnerable to illicit activities that happen in the Crypto space leading to the losses of funds. Therefore, for the people who are looking forward to the Bitcoin Bitmex research client, some amount of patience is inevitable, as developers are still in the process of developing it. Continue Reading #Bitcoin Bitcoin: Long Term Trading Signals 22 Oct Published 2 days ago on October 21, 2018 By Azeez Mustapha LONG-TERM Trading Signals for BTC/USD Bias for Bitcoin (BTC) – Ranging Resistance Levels- $6800, $6900, $7000 Support Level-$6100, $6000. $5900 Bitcoin is still in a range-bound market on the long-term outlook. The struggle for the market control between the bulls and bears remains obvious. The bulls progressive movement that started on 12th October after the spinning top saw BTCUSD at $7788 in the supply area on 15th October. This led to the break of the upper resistance area and the 200-EMA. The bears’ pressure forced the candle to close at $6742 within the range and below the 200-EMA. BTCUSD was down to $6511 in the support area on 20th October due to the sustained bearish pressure. BTCUSD chart The formation of a bullish railroad on 20th October indicates the bulls gradual return. Should the daily candle of 21st October close bullish, it will suggest the bullish pressure within the range will be stronger as price sits above the 34 EMA Bitcoin is in consolidation and trading between $6700 in the upper supply area and at $6250 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area is imperative. To flow with the trend, traders should be patient to allow this to take place before taking a position. 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