The total crypto market cap excluding BTC is actually in a longterm uptrend since 2015, and after a brutal 2018, back in an uptrend in 2019 as well.
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We hadn’t had anything that looked like a bull run in crypto until recently, now we have that typical sizable crypto correction (brought on by a quick dump). Will this dip be bought, or will we see 2018 style panic selling?
On Friday, May 29th, at 16:00 UTC, the markets for ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI, and REP will be disabled for Poloniex customers in the US. All assets remain available for trading to customers outside the US.
Bitfinex got themselves a win in terms of the injunction filed by the New York State Attorney Generals office. A Judge granted a motion to modify the injunction.
When GBTC and ETCG trade at a premium to the underlying assets, it is generally a sign that crypto is bullish.
Binance is doing a promotion as a thank you for sticking with them. They are giving away 50,000 BNB to users who trade more than 1 BTC worth of crypto and offering a free level up to VIP users.
Just FYI, CoinDesk’s Consensus 2019 is going on right now. You can watch some of it streaming live.
A Forbes article pointed out that Starbucks, Nordstrom, Whole Foods, Etc accept Bitcoin. Actually the truth is both more exciting and less exciting than that.
So here is the state of the market: Bitcoin is going parabolic, major alts like ETH are holding up, low caps (alts with low market caps) are getting crushed, and lots of big news (bearish and bullish) is all being met with BTC increases.
Binance had a security breach where hackers carefully orchestrated stealing BTC from Binance. User’s BTC affected will be replaced by Binance.