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With uncertainty in the cryptocurrency market and a sudden #drop in Bitcoin’s value overnight, investors are again posed with the sell or hold dilemma, but many experts maintain that increased demand for a Bitcoin exchange-traded fund (#ETF) augers well for the flagship digital currency in the long term.
Long-term forecasters say that #Bitcoin has a strong likelihood of becoming a reliable store of value and a viable payment mechanism. Experts point to rising futures volumes and increased institutional participation in #trading as positive outcomes going forward.
Historically, #negative #news hits the market with a crash, such as the #SEC’s rejection of nine cryptocurrency ETFs in August, despite the #US#regulator stressing it “emphasizes that its disapproval does not rest on an evaluation of whether Bitcoin, or #blockchain technology more generally, has utility or value as an innovation or an investment”.
Signs are that despite this latest drop in #market prices, the #cryptocurrencyecosystem is healthy with daily trading almost doubling its total just days ago. Crypto advisory firm Autonomy’s co-founder Ricky Lee suggests, “For our trading activities, the [upcoming Bitcoin Cash] hard fork recently has generated tremendous interest and trading volume, above 4 billion #daily, among #traders.”
With Bitcoin’s value shedding almost USD 1,000 in just a few hours late yesterday, Willy Woo, the founder of data analytics site Woobull suggests that overnight recovery is highly unlikely and the current market trend may continue well into 2019. CNN Bitcoin analysts suggest that USD 5,633 is looking to be the current interim resistance level, but a break below that support would have the effect of scaring off investors. Conversely, a break above this level would suggest a long position at USD 5,712.
Looking for factors as to why the drop #happened, whether it be Bitcoin futures or the Bitcoin Cash fork, there are suggestions that the effect of the sell-offs in tech stocks led by Apple on Wednesday are making their mark on cryptocurrency #prices, although most point to the current uncertainty around so-called #altcoins #Bitcoincash and #Ethereum, both poised for fundamental and controversial changes in development and infrastructure.
13.312 USD: 0.19% $21,842 $25,577 $40,010.65 3005.607 REP 0.54% Recently Show More. Anomaly BTC/USD Stale. This coin does not have any Perpetuals (or Futures, follow tab header) trading pair. Check out the full list here! This coin does not have any Perpetuals (or Futures, follow tab header) trading pair. Check out the full list here! See All Trading Pairs. Misc Info. Genesis Date - Hashing ... Here are a few opinions on REP coin price future: According to WalletInvestor, REP might go down to $2.24 in 2020. DigitalCoin.com mentions that REP will cost $15.26 in 2020.; TradingBeasts’. In 2020, REP will cost $12-18 (average price is $14).; Switchain.com published a REP price predictions with the average price $24.5 by the end of 2020.; According to Cryptogrund.com, REP price might ... Bitcoin Cash. BCH--Ethereum. ETH--Ethereum Classic. ETC--Litecoin. LTC--0x. ZRX--View all. This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with Coinbase Inc or any of its affiliates and Coinbase is not responsible for its content. This content and any information contained therein, does not constitute a ... Betting today is broken & exploitative. Today’s betting Industry trades on promises of getting rich quick, using every trick in the book to extract the maximum value from customers.. And at the same time, their best bettors are penalised by lowering their limits and closing their accounts. Augur - US Dollar Chart (REP/USD) Conversion rate for Augur to USD for today is $13.33 . It has a current circulating supply of 5.2 Million coins and a total volume exchanged of $6,077,255
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