Crypto Market Update Jan.9: Bitcoin Consolidates Around $4000, Altcoins in Green
So far, 2019 had been certain for the Crypto marketplace as the bears have taken a break, and since the commencement of the year, Bitcoin has attempted to stabilise around the $4,000 level.
Most of the Altcoins had a immature week when Ethereum returned to the common second place in the tip marketplace tip list. However, the foe with Ripple is still very tight.
Tron had a good week, gaining around 40%. As long as Bitcoin stays stable, investors seem to feel gentle investing in Altcoins, following the 80-95% drops in value seen in 2018.
Interesting examples are Ripple, which has risen more than 100% from the building of around 4,000 sushi, and Ethereum, which is now trade around 0.037 BTC after reaching an annual low at around the 0.024 level.
As mentioned previously, 2019 is smiling on crypto. However, the gains are not enough to attract new players and investors.
The marketplace is still underneath improvement for the 2018 bear market, and it’s too early to announce a reversal.
Total Market Cap $137 Billion | Dominance 51.5% in preference of Bitcoin.
You Can Now Use Crypto to Purchase Nasdaq Tokenized Stocks. Good news for crypto investors as they can now buy tech-heavy Nasdaq digital bonds and other tip US stocks, pleasantness of DX.Exchange, a newly launched regulated crypto exchange.
Binance Launchpad is Back: A New Era For ICOs? A new epoch is set to start for blockchain projects after the world’s largest crypto exchange, Binance, reportedly announced that it is introducing a Binance Launchpad height to assistance lift supports for new projects every month.
Overstock to Become the First Major US Corporation to Pay Taxes with Bitcoin. Barely two months after US state Ohio enabled Bitcoin taxes, Overstock, a renouned online retailer, says it will be the first vital house in the state to compensate part of the taxes with BTC subsequent month.
The USA is (Currently) Not The Perfect Location For Crypto Businesses: Kraken Sees 300% Increase in the Law Enforcement Requests Received in 2018. Cryptocurrency sell Kraken has revealed that the United State is not auspicious for crypto-related companies after receiving more than 470 requests from different US law coercion agencies in 2018.
The 51% Attack on Ethereum Classic (ETC): Coinbase States $450k in Double Spending while ETC Denies. US-based crypto sell Coinbase has stated that it rescued $450,000 of double spending after investigations into the 51% conflict on the Ethereum Classic blockchain, which led to the hijacking of about $1.1 million value of ETC.
ASIC Cracks Down on Australian BitConnect Promoter Whose Wife Went Missing. The Australian financial watchdog has busted one of the biggest promoters of a renouned Bitcoin Ponzi intrigue BitConnect, frozen his resources and creation sure he does not leave the country
For more news, revisit our Crypto News section.
This week we have draft research of Bitcoin, Ethereum, Bitcoin Cash and Monero – Read more here.