🗞 Daily Crypto News, October 13th 💰

vlemon (76)in #bitcoin • 7 years ago (edited)

Every day I try to bring you the most important CryptoNews so you can stay updated with the latest developments.

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, October 13
Bitcoin, 9 Top Altcoins Capture 90% Crypto Market Share With $150 Bln Cap
History Repeated? Confidence High Ethereum Will Avoid Blockchain Split
'Massive Disruption': IMF's Lagarde Says Cryptocurrencies Must Be Taken Seriously
Fueled by Bitcoin, Fintech Booms in Europe as its Banking Cartels Aim to Slow Pace
Spice VC Combines Venture Capital With Blockchain Technology
BTC Trading Update by @cryptopassion

🗞 Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, October 13

The traders continue to pile on Bitcoin, while altcoins languish. Bitcoin’s market dominance has crossed 55 percent, which shows that it’s now becoming a crowded trade. At times, it’s a good strategy to take the contrarian bet against the crowd._

So, is it a good time to book profits on our Bitcoin positions and buy a few altcoins, or does Bitcoin have legs to further extend the rally? Let’s see._

🗞 Bitcoin, 9 Top Altcoins Capture 90% Crypto Market Share With $150 Bln Cap

"Leading the pack is Bitcoin with a market share of 55 percent. This huge margin gives the top digital currency a $94.5 bln market cap and a 24 hour volume of $4 mln. Bitcoin price has since gained almost $800 in the last 24-hours."_

Others are Ethereum, Ripple, Bitcoin Cash and Litecoin with a $3 bln cap or more. Dash, NEM, Bitconnet, NEO and Monero have less than $2 bln each._

🗞 History Repeated? Confidence High Ethereum Will Avoid Blockchain Split

"There is no reason to believe that this one will be controversial."_

"I expect that nothing will happen," Ethereum Foundation developer and designer Alex Van de Sande told CoinDesk. "Nothing happened with previous hard forks, except for one."_

🗞 'Massive Disruption': IMF's Lagarde Says Cryptocurrencies Must Be Taken Seriously

Speaking to CNBC at the IMF's Annual Meetings in Washington D.C., Lagarde said: "I think that we are about to see massive disruptions."_

According to Lagarde, cryptocurrencies could play a future role in updating the IMF's own internal currency, a reserve asset named the Special Drawing Right (SDR)._

She said: "What we will be looking into is how this currency, the Special Drawing Right, can actually use the technology to be more efficient and less costly."_

🗞 Fueled by Bitcoin, Fintech Booms in Europe as its Banking Cartels Aim to Slow Pace

Legacy banking in Europe colludes to deny access to financial technology (fintech) companies, bitcoin-related and others, in an effort to retard growth, the European Commission alleges._

🗞 Spice VC Combines Venture Capital With Blockchain Technology

Blockchain technology can be used in many different ways to serve any purpose one can think of. Until this point, no venture capital firm has itself used the blockchain for any specific purpose, despite investing in companies which do. Spice VC may be the first mover in this regard, as it aims to solve the liquidity problem right now. It’s an interesting concept that warrants a closer look.

BTC Trading Update by @cryptopassion

What did I show you in that publication? I traced a long term resistance line, I showed you at which level we should touch it and I said you that we won't break it now. Look what happened during the night :_

We had exactly what I predicted. We jumped till the resistance line (look my green circle), we touched it and we are now droping. Most of my BTC have been sold on that resistance line. I'm now looking the drop happening with all my profits in pocket._

🗞 Daily Crypto News, October 11th 💰

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