Cryptocurrency Market Review To Become A Champion
By Rubika Ventures on Altcoin Academy
We want you to feel a champion in the next lines. And why is the latter important? Simply by the fact within this market, the most important thing is to learn to play chess.
The Best News Of All
The last hours, the most surprising news to the community, it was the unexpected news coming from the Gemini group, who will begin to negotiate several cryptocurrencies in the coming days in custody.
Among those, the ones that stand out the most are: Bitcoin, Bitcoin Cash, Ether, Litecoin, Zcash;
and the following ERC-20 tokens: 0x (ZRX), Augur (REP), Basic Attention (BAT), Bread (BRD), Dai (DAI), Decentraland (MANA), Enjin (ENJ), Flexacoin (FXC), Gemini dollar (GUSD), Kyber Network (KNC), Loom Network (LOOM), Maker (MKR), and OmiseGo (OMG).
The most community that celebrated this news it was Enjin.
On the other hand, Nasdaq listed the new centralized finance index, including MakerDao, 0x, Augur.
Offered as a means for investors and traders to track “popular” defi-focused blockchain tokens, Defix lists projects including MakerDao, Augur, Gnosis, Numerai, 0x and Amoveo as reported coindesk.
And for the happiness of all Americans, Binance.US will open account registration and it will begin accepting deposits of BTC, ETH, XRP, BCH, LTC, and USDT on September 18.
$80 Million Bitcoin Longs Liquidated On BitMEX
Bitcoin’s drop from $10,337 to an intra-day low of $10,027 has triggered $77 million in long liquidations on the crypto derivatives platform BitMEX as wrote coingape.
Per a recent revelation by margin trading monitor Datamish, Bitcoin’s price fall has triggered $80.1 million in long liquidations on BitMEX.
Taking the opinion of many, it is necessary to remember that the market is directly connected to the feeling of the community and mainly the battle between supply and demand.
And as we well know, in these last days the feeling of the majority of investors is of a neutral tone.
Volume Distribution by Exchange
According to coinmetrics, the majority of trading takes place on Coinbase, Bitfinex, Bitstamp, and Kraken consist of roughly 85 percent of total traded Bitcoin-U.S. dollar volume.
Another point that it says coinmetrics, is that Coinbase gradually increased its market share from 24 percent to 32 percent during this period, taking share primarily from Bitfinex which fell from 25 percent to 19 percent.
Due to certain regulations by the United States government, the highest concentration of trading volume for these days is concentrating on Coinbase, the primary Bitcoin-U.S. Dollar market.
However, the main concern is not concentrated in the amount of Bitcoin and Tether volume that exists in each exchange, but in the false and divergence unreported volume.
Total Market Capitalization
Over the past 24 hours, total market capitalization dropped from ~$267.5 billion to ~$259 billion, with most coins seeing losses in the ~2–5% range.
24-hour volume registered ~$54 billion.
A Bitcoin Neutral Feeling
Will Bitcoin hold above $10,000? The question many have an opinion on but nobody can predict with certainty, as reported santiment.net.
The tool called SanBase indicates that things have been quiet on the social front, with our social dominance metric indicating buzz is back to mid-March levels.
However, the 24-hour trading volume of Binance’s futures has exceeded $150 million. Which indicates a good acceptance for use of the platform.
Bitcoin is currently trading around ~$10,130, down ~2.5% over yesterday.
On the daily chart, Bitcoin failed to hold its 50-day EMA line yesterday and broke below it, and RSI is at ~45.
Bitcoin dominance is back below the 70% mark, currently at ~69.8%.
But 1m/3m Bitcoin realized volatility continues to decline as reported unfolded.
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