Crypto Fundamental and Technical Analysis : 12/10/2108
It is October 12th, 2018: Get todays important Fundamental and Technical Details here:;
BTC dominance is currently at 54.8% (+1.6%). The total market cap is currently at $198.0 billion (- $7.8 billion). The market volume of the last 24h was $15.1 billion (+ $1.6 billion).
Fundamental analysis
Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’
Coinbase Launches First ERC-20 Token on Platform
https://cointelegraph.com/news/coinbase-launches-first-erc-20-token-on-platform
South Korea to Decide on ICO Legality in November, Official Says
https://www.coindesk.com/south-korea-to-decide-on-ico-permission-in-november-official-says/
Technical analysis
Daily time frame : https://www.tradingview.com/x/bufEUp1q/
BTC is testing one more time 6000 area! The price on Binance and other exchanges are still around 6300 while on Bitmex it is below 6200. Why is there this gap? Because Bitmex is margin exchange and you can only bet on the future price. You can't buy and withdraw BTC from Bitmex. That's why this gap is possible! If Bitmex is normal exchange, this gap wouldn't be possible because people would buy BTC there and sell on Binance for example and make money doing that!
After yesterday's drop, price is currently in 6150-6250 area! There is no news in the market that was the reason for this drop! We will see how BTC acts in this area! Any prediction is nothing but guessing right now! Need some clear signs that will be confirmed on other exchanges as well!
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