Cryptocurrency news today 5 October

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Cryptocurrency news today 5 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.

At the end of the work week movement in the stock market almost disappeared. In the first ten Coinmarketcap significant rate changes are observed only in XRP (-3,5%). Other top cryptocurrencies fluctuate in the range of +-1%.

The results of the survey conducted by analyst Fundstrat Tom Lee on the personal page in Twitter has shown that 54% of institutional investors believe that bitcoin has already reached its bottom. 40% of respondents believe that next year bitcoin breaks through the level of $ 15,000. A third of respondents believe that the macroeconomic factors of greatest impact on the prices of cryptocurrency have Central banks, and the situation in emerging markets and the geopolitical situation have been going on for the second number.

Well-known financier of wall Street, Rick Edelman in an interview with CNBC has said that he believes in cryptocurrency and personally involved in the funding and consultation of cryptofauna Bitwise Asset Management. According to Edelman, the current capitalization of bitcoin – it is a good result for 10 years of existence. The investor also noted that the cryptocurrency sphere prevents development of the ignorance of the majority of people who still do not understand what the blockchain and cryptocurrency. Edelman also has high hopes for the launch of a bitcoin ETF and believes that they should endorse in the near future.

Technical analysts say that bitcoin has long been facing a barrier of about $ 6,600, the overcoming of which can open bitcoin the street on up. At this level converge to a 100-period moving average and the bearish resistance line, defined by major highs on the hourly chart. From further decline until bitcoin makes a circular level 6500 and the 50% Fibonacci level (of $ 6498), built by the last rising wave.

Sebastian Sinclair of CoinDesk sure the air is on the threshold of a powerful uptrend. From mid-September course ETH is moving primarily upwards, forming the figure of “triangle”. In this situation, says Sinclair, is a signal to trend continuation. The next step for the analyst calls a mark 240 dollars, and further movement depends on the results of the test of this price level.

Meanwhile, the developers network live announced the postponement of the hard forks Constantinople in testate Ropsten. The reason was the vulnerability identified in the code, and now the operators the nod will need time to find a solution. While the operators will solve this problem, users will need to test other updates, for example, technology for scaling network Raiden.

The developer of Ethereum Joey Zhou revealed a set of similar items in the blockchain cryptocurrency national Venezuelan El Petro coins and Dash. The cryptocurrency similar nodal infrastructure, the transaction takes the same time that mining occurs on an identical algorithm. Interestingly, Dash last month was very popular among the inhabitants of Venezuela.

In recent days the number of transactions in the bitcoin network processed through SegWit for the first time reached 50%. The last three months SegWit was used on average 40% of bitcoin transactions. According to experts, the growing popularity of SegWit evidence of the growing popularity of bitcoin in General.

The crypto currency exchange Bithumb planning to launch a decentralized trading platform. Support Bithumb in this project will have One Root Network.

CryptoStream Circle launched investment product Collections, which allows users to invest in a set of multiple cryptocurrencies.

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

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