Daily analyze of cryptocurrency 20190807(Market feedback fear status)
[US froze Venezuelan government assets as Bitcoin volume hikes]The Trump administration froze all Venezuelan government assets in a dramatic escalation against Nicolas Maduro, according to a report by Cointelegraph on August 5. The United States’ hawkish move has purportedly been reflected in a new all-time-high for P2P trading volume of bitcoin on LocalBitcoins in Venezuela.
Trade disputes show bitcoin “digital gold” true color
Bitcoin’s correlation with safe-haven assets in traditional financial assets has risen sharply in recent months, especially last week’s US President Trump’s unexpected tax increase, breaking the short-lived “peaceful state” between the two countries. We can even observe the close linkage between Bitcoin and safe-haven assets on the trading data of the minute. Since many media have noticed this linkage, the attention of traders has shifted to this point, and this correlation is expected to continue in the short term. At the same time, due to the characteristics of the year-round trading of Bitcoin, it can become an indicator of market risk sentiment on weekends and holidays, and even provide a reference for the trend after the opening of the traditional market. This increase in correlation is consistent with the historical rule that bitcoin is more prone to safe-haven properties during trade disputes, and seems to show the nature of bitcoin as a global, decentralized asset — conservatism, protectionism The dislike, and insensitivity to the economic policy outlook, seems to indicate that Bitcoin is an asset that is outside the traditional market.
Jake Chervinsky: Bitcoin is doing what it did at the beginning of its design.
US government law enforcement defense and securities litigation lawyer Jake Chervinsky tweeted that Bitcoin is doing what it did at the beginning of its design: the Fed cut interest rates, the yuan depreciated, the currency war escalated, the Dow Jones index fell 760 points, lost in January 2018 At the high point, Bitcoin rose sharply.
[Encrypted calendar will be updated from time to time]
TRX/TRON: 100-day countdown omni-USDT conversion TRC-USDT rewards will end on August 7th
FTM/Fantom: Fantom (FTM) Fantom will be launched on August 7th at Gate.io Startup for “non-starting discounts online”. Startup fundraising target is 250,000 USDT
GXC/GXChain: GXChain GXC Star Plan I: Gravity Network is expected to be launched on Brock City on August 7th
FOTA/Fortuna: Fortuna (FOTA) is expected to launch a brand upgrade on August 7th, or will launch FOTA.io products
ARN/Aeron: ARN will announce the 2020 new development route plan on the 2nd anniversary of August 8th
EC/Echoin: Echoin (EC) will make an appointment for sale on the OK Jumpstart platform on August 8th, Hong Kong time.
TRX/TRON: TRON’s side chain plan Sun Network network officially launched.
XEM/NEM: (NEM) will extend the RFI deadline in the Japanese market from July 28th to August 10th
QTUM/Qtum: Quantum Chain (QTUM) and Beam will jointly host the Privacy Geek Marathon on August 11th.
BTC/Bitcoin: Untraceable’s Futurist, Canada’s largest blockchain conference, will be held in Toronto on August 12–14
BTC/Bitcoin: The SEC postponed the decision on the Bitwise Bitcoin ETF. The deadline is August 14. The SEC can postpone the deadline again, October 13.
BEAM/BEAM: BEAM announced that it will perform the first fork at height 32321, estimated time August 15
Yesterday to date, BTC has surged and fallen, up close to $12,400 and then quickly retreated, to a minimum of $1,1249. In the past 24 hours, the net inflow of BTC funds is about US$400 million, and the inflow of market funds is significantly reduced compared with the previous cycle. There was considerable resistance at the $12,000 level, but the main force was also very slippery, pretending to break through the $12,000 level before withdrawing. From the current market view, the BTC daily line is shaded for the first time, with a longer upper shadow line, trading volume can be increased step by step, the stage rebound may be temporarily over. Short-term volatility may be maintained, with the upper focus on the vicinity of $12,000 and the lower focus on the support around $11,100. In terms of operation, at present, BTC may need to take a temporary rest and consider transferring its target to other markets.
Article summary directory：https://medium.com/@to.liuwen
Published at Wed, 07 Aug 2019 12:31:35 +0000
Bitcoin Pic Of The Moment
✅ Marco Verch is a Professional Photographer and Speaker from Cologne. ? This image can be used under Creative Commons 2.0. Please link to the original photo and the license.
By marcoverch on 2018-11-20 15:42:47
