Crypto Markets Report Slight Gains While Gold Rises

Friday, March 22 — All the top 20 cryptocurrencies, except Tether (USDT), are in the green, having overcome yesterday’s drop. Market visualization from Coin360 Bitcoin (BTC) is up 0.31 percent over the past 24 hours, and is trading at around $4,045 at press time. The coin started the day at $4,029, with a jump to as high as $4,053 in the middle of the day. In terms of a weekly view, Bitcoin has gained around 1.9 percent, while in terms of the month BTC has increased by just one percent.…

Crypto Markets Descend While Tech Stocks Surge

Thursday, March 21 — Most of the top 20 coins by market capitalization are in the red, showing slight losses on the day, down from one to four percent. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is trading at $4,027 at press time, down about one percent over the 24-hour period. BTC has been trading sideways as of early trading hours, following a drop to as low as $4,007 in the middle of the day. Bitcoin 24-hour chart. Source: CoinMarketCap The top altcoin Ethereum (ETH) has seen a…

Blockchain and Crypto Are Two Key Phenomena Transforming Today’s Markets

United States Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has said the agency’s fintech innovation hub LabCFTC is the regulator’s internal stakeholder in a landscape of exponential technological change and market evolution. Giancarlo made his remarks during his last appearance as CFTC chairman before the 44th Annual International Futures Industry Conference on March 14, in an address entitled “Improving the Past, Tackling the Present, and Advancing to a Digital Market Future.” Giancarlo is expected to be replaced this year by the U.S. president’s nominee for the CFTC chairmanship,…

Emerging Markets are Surging and Investors Could Send Bitcoin Moon-Bound

Emerging markets and their respective currencies are on the rise, which historically has had some correlation with the price of Bitcoin. According to Morgan Stanley, the global emerging markets benchmark is expected to rise by around 8 percent in 2019, primarily due to the increase in interest in the Chinese stock market following the optimistic prospect of the trade deal. Bitcoin Vs. Emerging Markets: What’s the Correlation? In August 2018, global macro analyst Peter Tchir said that during periods of emerging market stress, cryptocurrencies like Bitcoin as a store of…

Crypto Markets Are Trading Sideways, Bitcoin Holds $3,900 Support

Tuesday, March 12 — crypto markets are trading sideways, with total market cap hovering between $133–$134 billion, and Bitcoin (BTC) holding $3,900 for the most part of the day. The top 20 cryptocurrencies by market cap are seeing mixed signals, with losses not exceeding 1.1 percent, while some coins have seen a growth of over 3 percent over 24 hours at press time. Market visualization from Coin360 Bitcoin is trading at $3,912 at press time, up around 0.3 percent over the past 24 hours. The biggest cryptocurrency surged to as…

Crypto Markets Should Self-Regulate When Possible

United States Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce has argued in favor of self-regulation for cryptocurrency markets when possible. The commissioner made her remarks during a public talk together with former Commodity Futures Trading Commission (CFTC) chairman Gary Gensler at the MIT Bitcoin Expo 2019 on March 9. The context for Pierce’s comments was a proposal from Gensler that a more robust and unified national level regulatory framework would be desirable. In Gensler’s opinion, this would encompass not only trading platforms that offer security tokens or complex…

Crypto Markets Trade Sideways, Oil Demonstrates Slight Losses

Friday, March 8 — cryptocurrency markets are trading sideways, remaining relatively quiet with moderate losses throughout the top 20 coins, according to Coin360. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is up 0.5 percent during the past 24 hours, and is trading at around $3,942 at press time. BTC began the day at $3,921, hitting its highest mark at $3,947 in the middle of the day before reaching its current price. Bitcoin 24-hour chart. Source: CoinMarketCap Ethereum (ETH) is down by 0.06 percent on the day, trading around…

Crypto Markets See Mixed Signals, Gold Hovers Near Multi-Week Low

Thursday, March 7 — cryptocurrency markets have recorded moderate gains and losses on the day, with Binance Coin (BNB) being the major gainer on the day, according to Coin360. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) started the day around $3,901, subsequently reaching its intraday high of $3,938. At press time, BTC is trading at around $3,922, up a modest 0.36 percent over the last 24 hours. Bitcoin 1-day price chart. Source: CoinMarketCap Ethereum (ETH) is currently trading at around $138.52, having increased by 0.08 percent over the…

Financial Markets Committee Considers Requiring Identification From Crypto Users

Russia’s Duma Committee on Financial Markets is considering the adoption of a mandatory identification process for users of digital assets, local news service Izvestia reports on March 7. The committee chairman, Anatoly Aksakov, revealed that the authority is planning to amend Russia’s crypto regulation, aiming to establish a special identification process for users of digital financial assets, including cryptocurrencies. According to the planned amendment, dealing with crypto by unidentified users will become illegal, Aksakov said. The chairman stressed that the new initiative is concurrent with the existing legislation against money…