Bitcoin Volatility is at the Lowest it Has Been in a While
Bitcoin’s volatility is generally at the lowest it has been in a while. Each failed rally of 2018 has resulted in less volume and less volatility.
South Korea Recognizes Crypto as an Industry
South Korea has been at the forefront of embracing cryptocurrency and blockchain technology. South Korea’s latest move is recognizing crypto / blockchain as an industry and providing classifications for different types of crypto businesses.
India Has Been Cracking Down on Crypto
India has been cracking down on crypto in 2018, seemingly as a response to the epic rally of 2017.
Fundstrat’s Tom Lee Revises BTC Projection From $25k to $20k
Fundstrat’s Tom Lee has revised his BTC projection for 2018 from $25k to $20k. His projection is based on the idea that BTC will trade for 2.5x its mining cost.
Adam and Eve Double Bottom For 2018 on the Weekly?
Could Bitcoin be forming an Adam and Eve double bottom on the weekly chart for 2018? If it does it would be one epic reversal.
Binance Hacked, Sys Pumped, Funds Safe, and Problem Fixed
Hackers compromised Binance on July 3rd. They gained access to APIs and pumped the token SYS. However, all funds are safe and the issue has been fixed.
Tron up to Big Things Amid Crypto Correction
Tron (TRX) has had a busy month. They launched their main network, will be accepted on a popular adult site, locked up some coins, and more.
Coinbase Launches “Coinbase Custody;” a Custody Solution for Institutional Investors
Coinbase has officially launched Coinbase Custody (a custody solution for institutional investors). The current crown jewel of the crypto space is a reliable custody solution for the big players, and Coinbase has essentially just become first to market.
Crypto Rallies as Coinbase Custody Solution Launches
Bitcoin rebounded from its 2018 lows. Rallies are always impacted by a range of factors, but one notable event is the launch of Coinbase’s custody solution for institutional investors. Was this the event we were waiting for?
Bitcoin is Still in a Bear Market
Bitcoin is still in a proper bear market, and have been since the height of January 2018. Meanwhile trading volume is declining. That isn’t a great combo, but there is a lot of reasons to remain hopeful.