Cryptonews on October 1-5

Christopher Giancarlo, chairman of the Commodity futures trading commission (CFTC): “I personally think that cryptocurrencies are here to stay. I think there is a future for them. I’m not sure they ever come to rival the dollar or other hard currencies, but there’s a whole section of the world that really is hungry for functioning currencies that they can’t find in their local currencies. There’s 140 countries in the world, every one of them has a currency. Probably two-thirds are not worth the polymer or the paper they’re written on, and those parts of the world rely on hard currencies. Bitcoin [or another] cryptocurrency may solve some of the problems.”

On Monday Bitcoin gained a little testing the resistance at $6610 (50-day MA). However, the price did not manage to hold this level on Tuesday and Wednesday and fell down to the support at $6350. Thursday was bullish for BTC/USD as it came back to the resistance at $6574. Up to now, BTC/USD is trading in the red zone. The support is at $6350. In case of positive news, the resistance is at $6574. The next resistance is at $6610.

More opportunities: Large American broker TD Ameritrade is planning to start trading of crypto futures using the ErisX platform.
Wall Street Journal keeps bringing “sensations”. Journalist from Wall Street Journal launched the WSJ Coin token to research cryptocurrencies. However, the editorial stuff changed its mind and closed this project.
Crypto trading platform Poloniex will deprive users from the US of marginal trading to please the regulators. This is what happens to cryptoplatform when it’s bought by Goldman Sachs owned company ;)
Economic giants are giants everywhere: Analysts from Bank of America forecasted the blockchain technologies market to reach 7 billion dollars. Amazon, Microsoft and Oracle are expected to earn the most part of it.
Research from Bloomberg: Institutional investors prefer using over-the-counter trading platforms and their presence on cryptomarket is more significant, than it seems.
British startup London Block Exchange will launch a stable coin connected to the course of the British pound. It seems like every company is going to have its own digital currency soon.
Experts from ICO rating analyzed the most successful crypto trading platforms and made a conclusion that 54% of them have a problem with crypto protection.

Bitcoin $6,574.0 (-0.64%)

DASH $180.62 (-0.76%)

Ethereum $221.25 (+6.51%)

Litecoin: $57.520 (-1.35%)

Similar

23.12.2020 08:54 USD/MXN: optimistic on the vaccine coming?

During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?

22.12.2020 08:00 The US jobless claims!

The US unemployment claims are announced on Thursday at 15:30 MT time.

21.12.2020 08:00 Will the Canadian dollar rise?

The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.

Latest news

14.01.2021 11:20 ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.

14.01.2021 09:23 Markets await Biden to unveil "trillions dollars"

Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.