Technical Analysis: Bitcoin weakens while DOGE and DASH provide some bullish respite

Last week our trend continuation bear pennant pattern completed into the take profit zone. Arguably, a long setup could have been considered when closing a short in a support zone and along our immediate trend line support. However, counter-trend trading a bearish weekly engulfing candle has had limited success this year, so our onus should still be on finding a short setup for a possible next leg down to support.

We find values have returned to a range within prices that had previously consolidated in June and recently in August for two weeks. So it’s fair to assume we can expect similar range-bound trading setups. This means shorting $6620 USD to $6650 USD as a 0.382 retrace and prior support-turned-resistance level with stops above the 0.5 Fibonacci level. This is around $6800 . This trade, I’d argue, does require some trade management, as these levels may tend to invite volatile price “jumps” unexpectedly.

So perhaps setting a trailing stop or multiple take profit zones if the trade setup is valid.

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Daily bitcoin short setup 11 Sep 2018 by Pansyfaust on

An immediate trade one could make, if price fails to manage to enter our uppermost short zone, is a second, more aggressive short condition setup. Should we begin to show price weakness and close a daily candle under $6260 USD or closing outside of the bear pennant formation. If that happens, then look for an intra-day setup to short $6260 USD, stop loss $6410 USD and close the short at approximately $6020 USD. This is a highly aggressive short at these levels, so be prudent with your position size to limit risk.

As of yet, no long condition has activated on Bitcoin, since there are no interesting high time frame bullish divergences in price and oscillators. However, some Alt/BTC pairs have shown movement that can invite some attention, namely Dogecoin and DASH.

Looking at DASH/BTC on the long-term weekly time frame, DASH came right into a historically major demand zone, as prior highs through 2014-2017 that were resistance have become support, and as such, we should trade the trend that it’s beginning to suggest.

Not only that, but the weekly RSI dipped into oversold territory and has exited that zone on bullish price action. The question, now, is where can we enter the trend forming? Price has cleanly bounced and is forming a bullish price structure, making higher highs and higher lows while also invalidating a bearish consolidation zone, which seems to have turned into support (Red/Green Rectangle). To enter this trend while lowering your risk, bidding out the 0.382 Fibonacci at 0.0285 with a stop bellow prior lows at 0.025 should yield a favorable R/R. The daily bearish divergence on the RSI gives us a clue that we can expect a pull back, which can be longed.

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Daily trade setup for Dash. 11 Sep 2018 by Pansyfaust on

For those wanting to ride Doge to a new high, it might be prudent to manage those bullish dreams for now. After consolidating between 35 and 40 satoshis for weeks, Doge exploded upwards while the wider market reclined into bearish price movements. However Doge has come into major resistance, and after forming a bearish RSI daily divergence, it might be the signal to exit a portion of your longs you may have or at least short hedge on Poloniex. A good re-long zone would be 64 satoshis as it shares confluence with a 0.618 Fibonacci and a prior resistance-turned-support zone. If the price does decide to consolidate at these current 90-100 satoshi levels, it’s likely it will push to next resistance at 140-145 satoshis.

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DOGE Daily Update 11 Sept by Pansyfaust on

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Cryptocurrency to be a key focus for the European Union

The European Union (EU) has released an announcement regarding economic and financial matters. According to the council, cryptocurrency is going to be a focus for the EU.

The press release, dated from 7th September, shows the comments from European Commission Vice-President (VP) Valdis Dombrovskis at the Economic and Financial Affairs Council (Ecofin) conference in Vienna. The VP stressed the need to continue to improve the resilience of the financial system. He said that this will be done as a result of putting the post-crisis financial regulatory reforms into effect, as well as working on non-performing loans.

On top of strengthening the financial ecosystem, Dombrovskis also stated:

“We also had a good exchange of views on crypto-assets. We see that crypto-assets are here to stay. Despite the recent turbulence, this market continues to grow.”

He claimed that initial coin offerings (ICOs) have a massive potential to become a feasible form of alternative financing. He stated that “last year, ICOs helped raise over 6 billion dollars in funding and this year this figure will be substantially bigger.”

Owing to this potential in innovative financial technology, Dombrovskis also pointed out that there are risks involved. The unpredictability is especially “linked to a lack of transparency”. This means that there “are risks for investment protection and market integrity, but also in the form of money laundering, potential fraud or hacking”. As a result of these risks, the EU is hoping to continue looking for developments and are doing so cooperatively with international partners at the Financial Stability Board or G20 level.

A key challenge that the EU is facing is the matter of categorizing cryptocurrency assets. The EU needs to classify them and consider the way in which the existing EU financial rules can be applied to these assets or whether new EU rules, especially for the cryptocurrencies, are needed.

For this case, the EU is working with the European SupervisoAuthoritiesies on “regulatory mapping of crypto assets”. According to Dombrovskis, there are the numerous Member States that are in support of this mapping and claims that a conclusion will be met later this year.

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Is Emercoin one of the rising coins worth watching in the dipped market?

What a week in cryptocurrency.

Although one could say that about any week in this industry. Prices go up, and prices go down – that’s almost guaranteed. When, or even whether, the prices go up again is something we don’t know for certain.

In this, we are looking to see how altcoin Emercoin has managed to do in the market since the year began.

At the beginning of the year, the token was sitting all the way in the 153rd position of most valuable cryptocurrency by market cap on January 7th and was trading at a value of $40.40 USD. In January, it was totaling a market cap of $181,125,622 USD.

Moving ahead to the current state of affairs, Emercoin has managed to pull in the ranks and is now in 94th position. It is trading at $1.28 USD and has a total market cap of $53,762,159.

Looking at the stats, the network has lost some 71% of its trading value over the past nine months, while its market cap has similarly diminished by 70%.

A wealth of tasty partners

Looking at the network’s site itself, one can see that Emercoin has a number of remarkable companies from cola giant Coca-Cola to mega-banking institution Lloyds. Microsoft is also a massive name that the Emercoin boasts to have dealings with.

Earlier this year, Coca-Cola and the US State Department teamed together with Emercoin to find a resolution on the blockchain to combat matters of forced labor. At the time, Coca-Cola’s global head of workplace rights, Brent Wilton had said that they were “partnering with the pilot of this project to further increase transparency and efficiency of the verification process related to labor policies within our supply chain.”

In the process

According to the project’s roadmap, the company is currently looking to:

  • Improve and popularize existing services and develop new products and services.
  • Integrate with Bitfury’s Exonum protocol.
  • Integrate with Lightning Network.
  • Create our own Certification Authority (or establish a partnership with existing CA) to generate SSL certificates for WEB-sites, located in the EmerDNS.
  • Develop our own browser (based on the Chromium engine) to provide a bundle of Emercoin services that are “out of the box” — with a trusted root of our CA, with transparent access to EmerDNS, and more.
  • Redesign EmerLNX advertisement system for a CPA model.

Into the future

Having started out in December of 2013, as a fork of Peercoin, Emercoin boasts numerous successes, such as cooperative work with the United Nations, listings on exchanges such as HitBTC, Indacoin, BITTREX, USDX, and the partnerships built and maintained.

The token might be worth keeping an eye on, considering its increased attention throughout the year.

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Cryptocurrency exchanges in China are sneaking past regulations using VPNs

While the nation of China might be facing increasingly severe regulations in cryptocurrency, Chinese trading will unlikely be entirely banned. This is owing to measures that Chinese traders are taking in order to avoid the ban and continue investing.
According to the South China Morning Post, financial and economic news outlet Shanghai Securities Times reported that regulations had banned over 120 foreign cryptocurrency trading exchanges. However, Chinese traders have avoided the ban by simply registering their domain under a new name.

Competition between the country’s trading exchanges has increased, and the ban has added an extra dynamic to the industry which is still flourishing.

Terence Tsang, the COO of TideBit -a cryptocurrency company which runs centralised  exchanges in Hong Kong and Taiwan – suggested that the “latest warning and potentially increased monitoring of foreign platforms [has] targeted at a batch of smaller exchanges that had claimed to be foreign entities, but are in fact operating in China claiming they have outsourced their operations to a Chinese company. Those exchanges whose website landing pages are in Chinese have drawn particular scrutiny by regulators.”

Although the trading volumes in China dropped mid-August, about a week ahead of shutting down all blockchain-related events in Beijing it looks as though it will be an impossible task to close down crypto-trading activity entirely. Leaders within the industry have said that moving servers out of China and conducting decentralized peer-to-peer trading is a way in which to avoid the Chinese regulations and continue trading practices.

Another way in which investors are skirting the ban is to convert their Chinese Yuan into stablecoin Tether, a token which is remarkably less volatile than Bitcoin, and then continue to trade other cryptocurrencies through virtual private networks (VPNs).

A source linked to an exchange in China said to South China Morning Post that “Chinese regulators definitely have the technical ability to shut down VPNs, [however], traditionally it takes numerous conversations with different stakeholders to reach a consensus on configuring a firewall, which lengthens the process.”

Currently, there are no restrictions on the use of VPNs in the country, which therefore allows a consistent way for Chinese trading to continue.

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CoinInsider Cartoon: Bentley Bling with Blockchain

Post Oak Motor Cars has released news to excite both cryptocurrency and luxury cars fans.


According to a press release announced by the car retail firm, cars under the brands Rolls-Royce, Bentley, and Bugatti will be available for purchase with cryptocurrency as the payment.

Post Oak Motor Cars will be the first automobile dealership in the United States which will be accepting Bitcoin and Bitcoin hard fork Bitcoin Cash as legal payment methods using BitPay, a cryptocurrency service provider, as the platform for the company.

Tilman Fertitta, the owner of Post Oak, is excited about the new strategy, saying:

“The rising of Bitcoin sparked my interest. Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier.”

BitPay CEO Sonny Singh also commented on the new partnership. The CEO seems to have a positive attitude, offering insight into the reason behind the new payment plan:

“We’ve noticed people prefer to make larger purchases with Bitcoin since it is a simple way to make payments. This partnership is timely with the increasing popularity of Rolls-Royce, Bentley and Bugatti vehicles. Post Oak Motors has a great reputation of selling the finest cars and we are thrilled to be partnering with Tilman.”

Cryptocurrency has been attractive to the automobile industry and we’ve seen several projects form from the innovation.

Other notable initiatives include Ford’s patented system which was detailed as a system which:

“would temporarily allow for particular cooperative vehicles (sometimes referred to as ‘consumer vehicles’) to drive at higher speeds in less-occupied lanes of traffic and also to merge and pass freely when needed. Other participating cooperative vehicles (sometimes referred to as ‘merchant vehicles’) voluntarily occupy slower lanes of traffic to [allow] the consumer vehicle to merge into their lanes and pass as needed.”

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Bitcoin’s low privacy almost fixed with these five coins

Anonymity was one of the important values of Bitcoin during its ascend. Later on, it became clear that there are some flaws in the system, giving rise to the privacy coins boom.

It’s all relative, so let’s define the rules first: there are dozens of Bitcoin forks, but not all of them are remarkable privacy coins. There are also plenty of privacy coins, but not all of them are based on the Bitcoin source code (for instance, Monero).

In the following list, we’ve tried to include only the most advanced privacy coins based on original Bitcoin code. We used this comprehensive Privacy Coin Matrix as the basis for defining “advancement”. The matrix is a publicly available and constantly updated document. It’s the result of the collaboration of initiative developers that originally emerged on Reddit and went viral in May 2018. 

We also used CryptoMiso in order to identify initial source code of the privacy coins mentioned in the matrix. Interestingly enough, Bitcoin itself is also mentioned in the list and it flops badly when it comes to almost everything related to privacy.

Bitcoin-based privacy coin №5: Dash  

Dash (DASH) is an open-source, decentralized, digital cryptocurrency forked from Litecoin back in January 2014. Since the source code for Litecoin was Bitcoin, we are back to the roots. Although Dash’s privacy is far higher than Bitcoin’s, it still performs poorly in comparison to all the other coins analyzed in the Matrix.

Bitcoin-based privacy coin №4: Bitcoin Private

Bitcoin Private is an actual Bitcoin’s hard fork, with some enhanced features like cryptographic, and added sender and receiver privacy. It’s way better to solve the anonymity pickle, but it’s not very scalable and quite slow, e.g. private transactions computation time takes minutes.

Bitcoin-based privacy coins №3 and №2: Phore and PIVX

PIVX (PIVX) (previously known as DarkNet (DNET)) is an open-source, decentralized, cryptocurrency appeared in January 2016 (and rebranded as PIVX in February 2017) as a fork of Dash (and we remember that Dash’s source code is Bitcoin’s code).  As its original name proposed, the coin focus is anonymity of transactions and privacy, and it was designed to run on anonymous networks (like I2P or Tor).

Phore is a fork of PIVX with pretty much the same privacy and scalability features, with the theoretical max of 154 transactions per second (which comes close to PayPal average of 193 transactions per second). However, PIVX has a plan proposed for scalability: Bulletproof’s author Jonathan Bootle has joined project’s team and expects 90 to 95% private transaction’s size reduction.

Bitcoin-based privacy coin №1: Particl

Particl is an “open-source and decentralized privacy platform built on the blockchain specifically designed to work with any cryptocurrency”. The company’s mission is to encourage private and democratic economy supported by its native currency (PART).

This coin provides a great combination of privacy features and speed. Project’s team also has a clear plan on scaling, including utilizing the lightning network, Segwit, and bulletproofs.

The only downside is that top 100 addresses own 53.1% of a total coin’s supply.  But to be fair, the true decentralization (or the lack of it) is still the major problem of all cryptos.

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Australia confirms plans to develop a National Blockchain Platform

Australian businesses and government-led enterprises have embraced blockchain in-between applications all the way from air travel to energy management, and now the nation’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) has announced the development of what will be called the Australian National Blockchain.

As a nationwide platform, the Australian National Blockchain will serve as an infrastructure platform for Australia’s digital economy, where businesses will be able to develop smart contracts as well as confirm the status and arrangement of legal proceedings with transparency.

The platform will broadly enable Australian businesses to use smart contracts to manage business events and further record information from sources such as Internet of Things (IoT) devices.

The Australian National Blockchain will first be trialed on IBM’s Blockchain platform, and will see CSIRO, Herbert Smith Freehills, Data61, and IBM collaborate to develop the platform in a pilot phase.

Speaking on the development, Dr Mark Staples – a senior research scientist at Data61 – expressed that “Our reports identified distributed ledger technology as a significant opportunity for Australia to create productivity benefits and drive local innovation. Data61’s independence and world-leading expertise will help to catalyze the creation of digital infrastructure for Australian businesses to transition to a digitally-enabled future. For complex enterprise contracts, there are huge opportunities to benefit from our research into blockchain architecture and into computational law. Smart contracts have many applications, and as the ANB progresses we look forward to exploring other business use cases to roll out.”

Paul Hutchison, vice president and partner, Cognitive Process Transformation, at IBM Global Business Services added that“Blockchain will be to transactions what the internet was to communication – what starts as a tool for sharing information becomes transformational once adoption is widespread. The ANB could be that inflection point for commercial blockchain, spurring innovation and economic development throughout Australia.”

The platform aims to collate the interests of Australian regulators, banks, law firms, as well as businesses, and is scheduled to launch before the close of the year.

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Charlie Lee on Bitcoin: “It’s always good to buy on the way down”

In a new interview with CNBC, Litecoin founder Charlie Lee has gone to elaborate that Bitcoin remains a good buy for interested investors – noting that the recent market downtrend had created a new investment opportunity for long-term prize-seekers.

Speaking on air, Lee quipped that “It’s always good to buy on the way down to dollar-cost average your buy-in… As long as you don’t spend money that you can’t afford to lose, I think that’s fine.”

Cautioning users against using borrowed funds to invest in Bitcoin, Lee noted that “It’s hard to predict prices. I’ve been in this space for seven years now. I think sometimes it comes back within six months to a year, and sometimes it takes three or four years.”

Lee expressed that Bitcoin’s price movements – and the general price movements of the cryptocurrency market itself – was largely driven by speculation and that, in future, prices would generally reflect the success and adoption of a particular cryptocurrency itself.

Speaking on his own creation – Litecoin – Lee noted that he would not seek to re-invest in the cryptocurrency any time soon.

Earlier this year, Lee publicly sold his Litecoin holdings to avoid any allegations of a conflict of interest – and later expressed his intent to move away from the cryptocurrency entirely in the interest of decentralization.

At the time, Lee explained that “Litecoin is more centralized because I am around, so it has a more centralized development team, has more centralized foundation.”

Speaking to CNBC, Lee expressed the same sentiment – saying “I sold because of conflict of interest, so I’m not going to buy my litecoins back anytime soon — or at all.”

Bitcoin itself is down by -0.70% to trade at $7,009.06 USD, while Litecoin itself is down by -1.67%, and trades at $60.77 USD at press time.

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Square wins new patent for a cryptocurrency payment network

Square – the company headed by Twitter co-founder Jack Dorsey – has successfully been awarded a patent by the U.S. Patent & Trademark Office (USPTO) which details a new payment network that would enable merchants to accept payments in any currency – including the likes of Bitcoin and other cryptocurrencies – and then withdraw their currency of choice following a transaction.

The patent elaborates that:

“The disclosed technology addresses the need in the art for a payment service capable of accepting a greater diversity of currencies…including virtual currencies including cryptocurrencies (bitcoin, ether, etc.)…than a traditional payment system in a transaction between a customer and a merchant, and specifically for a payment service to solve or ameliorate problems germane to transactions with such currencies. Specifically, the payment service described herein can facilitate real-time (or substantially real-time) transactions, allowing a customer to pay in any currency of their choice, while the merchant can receive payment in a currency of their choice.”

The patent describes methods through which a point-of-sale (POS) system could eliminate latency in cryptocurrency transactions to the point that both cryptocurrency and credit card transactions could process at the same speed.

The system would make this claim a possibility through managing a private blockchain that could record transactions from Square wallets. While this approach does not eliminate the potential for double-spend attacks, it does eliminate that risk from a merchant and places the onus on itself, instead.

Square CEO Jack Dorsey has previously gone on record as a Bitcoin supporter – noting that Bitcoin could become the world’s foremost means of exchange within the next ten years.

At the time, Dorsey quipped that Bitcoin’s market emergence will “probably take over ten years”, and went on to say that “The world ultimately will have a single currency, the Internet will have a single currency… I personally believe that it will be Bitcoin.”

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Scammed by stars: top notorious crypto projects endorsed by celebrities

No, there’s nothing wrong with Katy Perry sprucing up her nails with crypto logos and posting it on Instagram, or Kim Kardashian demonstrating the first Bitcoin that she received as a gift from Mathew Roszak. It’s also okay that Ashton Kutcher donated $4 million USD worth of Ripple’s tokens to Ellen DeGeneres Wildlife Fund during her show.

However, when it comes to getting paid for promoting something, some celebrities should be pickier when choosing a side hustle.

In this list, we explore celebrities who were a part of endorsing cryptoscams.

Steven Seagal and Bitcoiin: $250 million USD in a token sale

Blockbuster star, a fan of the martial arts and alleged sexual abuser, Steven Seagal comes full of surprises.

In February 2018 he became the “World Brand Ambassador” for Bitcoiin, a project driven by an idea to “to make a superior or more advanced version of Original Bitcoin.” As soon as the project’s initial coin offering (ICO) was coming to an end, the project’s founders and Seagal left the scene, deleting all social media posts referring to the project. The timing is also suspicious and the departure could have been after Bitcoiin was hit with a cease-and-desist order for the fraudulent selling of unregistered securities. In March, the company was also slapped with regulatory warnings for suspicious behavior.

As stated in a press release published on 9th April 2018, the sales had almost hit $250 million USD. It’s not clear who received the money and how the funds were supposed to be spent exactly. In the same press release, it was announced that the autonomous trading ecosystem of products, including Bitcoiin B2G, B2G Wallet, – an instant cryptocurrency exchange platform- and Dragon Mining Technology were being launched. However, the “advanced Bitcoin” clearly didn’t take off. According to SimilarWeb the number of unique monthly visitors in July 2018 was sitting at 9,628 (compared to that of 39.2 million for Binance within the same timeframe).

The last tweets on @Bitcoiin’s twitter feed were mostly featuring announcements about listing on a controversial exchange and “to the moon!” type of messages.

Paris Hilton and Lydia: Teaming up with 47 felonies

Next on the list, we have the partnership of Hotel Heiress Paris Hilton and another man of surprising moral standards.

Gurbasksh Chahal, an Indian-American entrepreneur, is known for his love for harassment, discrimination, and ability to hit his own girlfriend 117 times on camera (for which he was consequently charged with 47 felonies).

Chahal-of-47-felonies came up with the idea of Lydian, the “first marketing cloud for blockchain” and decided to invite Hilton to advertise it.

When Hilton started the promotion in September 2017, she was heavily criticized for it, with the likes of Forbes followed up on her tweet (which has since been removed) announcing the endorsement and asking the director of research at Coin Center, Peter Van Valkenburgh, to have a look at the coin. Van Valkenburgh commented that the project seemed “nonsensical”.


Despite a very questionable idea, a suspicious white paper, and a shady background of project’s founder coupled with equivocal ways to promote the ICO, the “nonsensical” project managed to raise $11.3 million USD worth of tokens, as documented by ICO Bench.

According to a paid press release, the “promo price” for early buyers was $0.25 USD per token, including a 50% discount. This means the full price was to be $0.5 USD per token. However, at the end of the token sale, a further 50% off promotions were announced through Lydian’s social media channels.

The price of the token at the time of writing this text is $0.028 USD, according to CoinCodex. However, no exchange offers the trading of the token, and what happens next with the project still remains unclear.

Meanwhile, Hilton deleted her posts related to the project, and Chahal has been enjoying freedom in India despite his transgressions. He informed his some 122,000 twitter followers that he was enjoying Independence Day in India earlier this month.

Jessica VerSteeg and Paragon: United to increase scamming efficiency

Former Miss Iowa, Jessica VerSteeg, opted to go into a cannabis business after losing her boyfriend Tyler Sash, a breakout NFL player, to his addiction to opioids which led to a death from overdose.

Combining an awkward business idea (notable, considering she had lost a loved one owing to a drug addiction) with her passion for cryptocurrencies VerSteeg launched her own blockchain and dubbed it the ParagonChain. The hub of Paragons solutions aimed to “revolutionize the supply chain tracking for the cannabis industry.”

Although she might lack the tech skills, VerSteeg definitely knows how to sell the token, utilizing all the tricks in the book, including controversial scarcity raising tools. In order to raise more awareness, VerSteeg also lured rapper ‘The Game’ to participate in the campaign’s promotion.

The ICO of ParagonChain’s token, PRG, started on the 15th September 2017 with the starting price of $1 USD per token and increased by $0.05 USD daily until the final day of the token sale. The token sale resulted in over $70 million USD of funds raised and currently, CoinMarketCap states that PRG is traded at $0.049 USD.

However, it was not clear what has been done from the tech perspective of the things. Up until now.

In June of this year, there were announcements regarding the class-action multi-million dollar lawsuit against The Game for helping market the ParagonCoins. The investors pursuing the case are also up for putting down the ParagonChain permanently.

The claim is that the company used the funds from the ICO not to change the cannabis industry, but instead to buy the real estate. According to the recent revelation from VerSteeg, the claims are true.

Now she is up for opening cannabis friendly co-work on WeWork. Given that recent WeWork evaluation was at $35 billion USD this might sound like a good plan on paper, however, WeWork is looking at $933 million USD of net losses against $886 million USD of revenue in 2017, so VerSteeg’s company might have its work cut out for it. 

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Bitcoin breaks through $7000 USD as cryptocurrency markets resurge

After a month of pressure, cryptocurrency markets appear to have broken a stranglehold invoked by the  US Securities and Exchange Commission’s decision to reject (and later re-evaluate) several Bitcoin Exchange Traded Fund proposals.

While the middle of August saw a minor rally, Bitcoin has largely struggled to surpass the $6500 USD mark, while Ethereum has remained deflated below $300 USD.

As of today, Bitcoin has powered through the $7000 USD mark to reach $7,061.28 USD – while Ethereum has flirted with positive gains to touch $293.32 USD at press time.

Leading the charge are several prominent altcoins – Holo has climbed some 27.31% to reach $0.000836 USD, while Bytecoin, MaidSafeCoin, and EOS have climbed by 13.68%, 10.03%, and 9.93% to reach $0.002249 USD, $0.276411 USD, and $5.89 USD, respectively.

A notable return to form is Dash, which has now climbed by 9.44% to reach $194.16 USD.

Among the cryptocurrencies seeing losses, Substratum leads the pack with a -7.34 decline, while Aion and VeChain follow closely by posting losses at -5.53% and -4.67% respectively.

Bitcoin dominance itself presently hovers at around 52.8%, while the total market cap of all cryptocurrencies is presently valued at $230,548,537,071 USD.

As our technical analyst Graeme Tennant noted last week, cryptocurrency markets remained stagnant ahead of what appeared to be imminent volatility – noting a clear reversal signal above Bitcoin’s $5800 USD support zone.

Our sentiment analysis, courtesy of Remy Stephens, noted that while sentiment on Bitcoin itself remained neutral, the altcoin market had taken a bullish term with support rallying for Basic Attention Token, Wanchain, and Bulwark – among other projects.

The US SEC is expected to resume its course and offer a verdict on yet another Bitcoin ETF proposal by the 30th of September. More broadly, US regulators have announced the continuation of ‘Operation Cryptosweep’ – a joint endeavor that has probed some 200 ICOs and cryptocurrency firms.

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