Cryptocurrency news today 12 October

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Cryptocurrency news today 12 October

Team Cryptocoins.group presents to your attention our regular column – “the news of the cryptocurrency today”. Recall that in this column we publish news, which influence on the exchange rate of the cryptocurrency of the TOP 100 by market capitalization according to Coinmarketcap.

On Friday 12 October, the movement on the stock market slowed down and some crypto-currencies partially recovered after falling the previous day. In the first ten Coinmarketcap stronger than all bounced up rate of XRP (+4%), and 2.5% recovered litecoin. Continued to fall Monero (-2,5%), ether (-1.5%), the EOS (-1,5%) and Cardano (-1%). Other top cryptocurrencies are traded neutral.

Analysts Coinatory tied yesterday’s fall of the most powerful cryptocurrency with collapse on U.S. stock markets. Experts believe that this movement will have on the stock market’s long-term influence, and decline of bitcoin’s already stopped. Technical analysis shows that the following targets for bitcoin will reach $6350 and $7100. However, in the case of events under an alternative scenario, perhaps a sharp drop to $4000. Fundamental factors also speak in favor of growth: many experts and investors are hoping for a speedy approval bitcoin ETF, drawing Parallels with last year’s growth after the launch of cryptocurrency futures.

The study Chainalysis shows that the bitcoin whales stabilize the market rather than create increased volatility. Analysts blockchain startup has studied the cryptocurrency movement is at 32 of the largest purses. Almost half of these purses belongs to miners or early long-term investors who almost don’t do the transaction. Only 9 wallets belong to the traders, actively transacting on cryptomeria. 5 more wallets are considered “missing”, and 3 belong to the criminals who used them for trade and money laundering through Silk Road. The analysts found that active traders most often traded against the market, buying cryptocurrency when the price falls and selling them when the growth. Thus, they held a particularly strong movement.

While Pro crypto currency exchange Coinbase has added support for cryptocurrency 0x (ZRX) – first the Ethereum token on this site. Acceptance of deposits began on Thursday, and after reaching the required level of liquidity on the stock exchange will be launched in pairs trading ZRX/USD, ZRX/ZRX and EUR/BTC. At this news the 0x rate soared to 15%, despite the overall negative trend in the market.

Simultaneously, the announcement of a number of media wrote that Coinbase plans to close an index Fund aimed at major institutional investors and will focus on servicing private clients. The number of active users on the platform has increased in 5 times – this is stated in the study Tribe Capital. The total number of registered users on the platform already exceeds 20 million.

Stay tuned not to miss any important event from the world of cryptocurrency!

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