Crypto Investor: Bitcoin May Retest $20,000 With Next Wave Of Adoption
Since Bitcoin (BTC) breached the monumental $20,000 price milestone and subsequently crashed, crypto investors en-masse have sought to determine when the asset would retest five-digits. While an array of crypto pundits have speculated, throwing their zany predictions into the crockpot that is Twitter, the date of the next parabolic rally’s commencement is still elusive. Yet, a majority of industry commentators, many of which have a vested interest in BTC, are sure that the flagship cryptocurrency has further to run.
Alistair Milne, the chief investment officer at Digital Currency Fund, touched on this thought process via recently-posted social media comments, in which he stated that Bitcoin accentuates an “asymmetric” risk profile. Source: NEWSBTC.com
Number of Bitcoin ATMs Hits 4,000 Globally: Why is it Growing So Rapidly?
By CCN.com: According to a report released by ValueWalk, the number of Bitcoin ATMs worldwide has surpassed 4,000 and the market is still growing rapidly.
The increase in the number of Bitcoin ATMs comes in a period during which cryptocurrency businesses are prioritizing compliance, dealing with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. Factors Behind the Increase in Demand For Bitcoin ATMs ….. Source: CCN.com
Bitcoin Futures Market Bakkt Makes Its First Acquisition
Bakkt may not be able to launch its planned bitcoin futures exchange this month as planned, but that isn’t stopping the company from developing its projects. CEO Kelly Loeffler announced Monday that the New York Stock Exchange–backed startup was acquiring “certain assets” belonging to Rosenthal Collins Group (RCG), an independent futures commission merchant. RCG had previously announced it was selling its customer accounts and brokerage business to British firm Marex Spectron.
Ethereum And Litecoin Dive As Bitcoin Falls Sharply–Here’s Why
The bitcoin sell-off is back, hitting all major coins including ethereum, litecoin, Ripple’s XRP, bitcoin cash, and EOS, as $6 billion in value is wiped from the global cryptocurrency market capitalization over the weekend, according to trading data site CoinMarketCap.
The bitcoin price is this morning off by almost 5% over the last 24 hours, on the cusp of falling below the psychological $3,500 mark, with investors and traders continuing to fret over the future of major cryptocurrencies as a year-long bear market looks set to drag on well into 2019. Source: Forbes.com