The collapse of the fake and not only Goldman Sachs as a trigger of market and other bad news

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The collapse of the fake and not only Goldman Sachs as a trigger of market and other bad news

The first full week of September has started in anticipation of good news on the eve of the cryptocurrency is actively growing. Bitcoin — because capitalization exceeded half of the total capitalization of the stock market. A group of the most successful altcoins — because that pleased investors and analysts technology news.

However, towards noon UTC+3 5 September there was the first collapse, then, in the night of 5 to 6 September, the second. The crash occurred on a two-digit value in percent. Turnover has grown rapidly — there are investors actively dumped kryptonite. Mainly through transactions with Tether and exchanges BitForex, ZB, Binance.

The most active analysts referred to the message that the investment group Goldman Sachs has abandoned its plans to open trading platform for cryptocurrencies. Before hopes to start a new project this investment Bank fueled the bullish sentiment almost a month and a half. And then there’s the ShapeShift said that gradually KYC. And then there’s the rumors about trying to “double-spend” in Bitcoin, supposedly a good (fake, of course). The market reacted nervously: during the day, Bitcoin fell by 12%, and Ethereum, Bitcoin XRP and Cash — more than 20%.

Largest by capitalization of cryptomonad 4-10 September 2018

No. PPT
Asset
The price of time loan-to 03.09.2018 05:50 UTC $
The price 10.09.2018 05:50 UTC $
Change within the week
1
Bitcoin
7224,08
6325,31
-12,44%
2
Ethereum
290,16
198,98
-31,42%
3
XRP
0,337789
0,278046
-17,69%
4
Bitcoin Cash
628,02
483,48
-23,02%
5
EOS
Of 6.47
5,05
-21,95%
6
Stellar
0,220614
0,19302
-12,51%
7
Litecoin
64,33
55,45
-13,80%
8
Cardano
0,103058
0,076936
-25,35%
9
Monero
121,28
108,49
-10,55%
10
Dash
210,04
205,64
-2,09%
11
IOTA
0,707491
0,583151
-17,57%
12
TRON
0,024864
0,019706
-20,74%
13
NEO
21,44
18,54
-13,53%
14
Ethereum Classic
13,98
11,29
-19,24%

September 6, chief financial officer Goldman Sachs Martin Chavez said on the eve of the widespread news about the refusal of the development Bank of ciptofloxacin “fake”. Chavez even confirmed that investment Bank Goldman Sachs is still working on the derivative instrument for bitcoins. News diminished agility bears, but a trend reversal, unfortunately, did not happen. The bulls didn’t have enough arguments to return the market to a new upward trend.

In General, is similar to the following: institutionally still small steps move your cryptoprocta and retail investors lose interest in investing in cryptocurrency, as they again and again dive into the lows.

Here is a crypto currency exchange Coinbase announced on 7 September that exploring the possibility of creating based on capovolto exchange-traded Fund ETF in cooperation with the investment group BlackRock. And the next day, September 8, the new correction, albeit on a severely fallen rpm.

Who is surprised? Dash – after the collapse of the it much faster than other coins were recovered, regained his place in the top ten most capitalized amount of cryptocoins. Thanks to Chinese and Korean investors, by the way.
Depressed a market? Yes: the securities Commission of the USA with the rigidity of an army Sergeant rejects one after the other the application of ETF-funds, filed respected players in the market. Yes, the Deloitte report last year says that more than 90% of the nearly 27 000 blockchain projects hosted in Github repository codes are no longer active. Horror? But it’s almost the same percentage of failures, which, according to the report, Harvard business school 2012, demonstrate new business projects. Yes, 90% of all startups stuff – what’s the point of what we mostly hear about the successful.

Ahead of the FATF’s decision about a recommended policy for combating money laundering (promised in September) and a new package of solutions for ETF. Moreover, observers say that the chances of success in the exchanges in the dialogue with the Commission on securities of the USA are still growing.

And while the week began with a careful restoration of positions lost 5, 6 and 8 September.

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