GSG Market Update – October 16, 2019

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GSG Market Update

October 16, 2019

MarketWatch

Name Current Price 24h % 30d Vol 90d Vol 21d EMA 50d EMA
Bitcoin $8,163.63 -1.92% 59.26% 60.01% $8,518.11 $9,134.45
Ethereum $179.51 -2.49% 94.90% 73.65% $182.73 $188.76
XRP $0.290 -0.38% 90.15% 66.49% $0.270 $0.273
Bitcoin Cash $223.50 -0.41% 108.60% 81.04% $235.40 $261.50
Litecoin $55.09 -0.86% 88.34% 77.68% $58.30 $64.97
Binance Coin $18.31 -2.58% 99.64% 77.86% $17.50 $19.63
EOS $2.96 -4.87% 117.31% 92.53% $3.14 $3.40
Bitcoin SV $91.68 5.80% 127.17% 95.80% $90.54 $105.53
Stellar $0.063 -2.34% 137.73% 92.26% $0.062 $0.065
TRON $0.016 -5.03% 123.49% 99.22% $0.016 $0.016

Top Stories

  • SEC is soliciting comments on proposed ETF from Wilshire Phoenix and NYSE Arca after the firms filed an amendment to their ETF proposal earlier this month to address issuance, redemption and listing/trading of the fund’s shares.
  • Layer1 plans to bring wind-powered bitcoin mining rigs to West Texas after raising a total of $50 million from the likes of Peter Thiel, Shasta Ventures and DCG.
  • Nasdaq listed an index of crypto’s top 100 coins powered by AI. The CIX100 is designed by Cryptoindex.com and has been previously listed by Reuters, Bloomberg and Tradingview.
  • South Korea aims to put trade finance on the blockchain. The transition could be completed by 2021, while foreign-exchange transactions are set to be conducted using the technology within months.
  • Transactions of over 700 cryptocurrencies are now searchable via blockchain analytics offering from CipherTrace.
  • CoinShares launches gold-backed network for trading tokens representing digitized physical gold with wallet provider Blockchain and precious medal trader MKS SA. Network launches with more than $20 million in gold held in a Swiss vault to back its tokens, with each DGLD token backed by 1/10th troy ounce.

Upcoming Events

  • Oct 25: CME BTCV19 last trade date
  • Oct 28-Nov 3: SF Blockchain Week
  • Oct 28: Mt. Gox Rehabilitation Plan Submission Deadline
  • Oct 29: Wilshire Phoenix ETF Final Decision
  • Oct 31: Telegram Open Network Launch
  • Nov 18: Multi-collateral Dai 
  • Dec 10: Bitmain Antminer S17+ and T17+ models to be shipped 
  • Jan 3, 2020: Ethereum 2.0 Launch (Phase Zero)
  • May 14, 2020: Bitcoin Halving
  • Nov 2020: ZCash Halving / Founders’ Reward set to expire

Charts

 

BTC Longs-Shorts



ETH Longs-Shorts



Market Cap Return




Sector Return



Tether Marketcap



Source: www.skew.com

Bitmex Perp Swap Funding Rates

 
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Twitter Daily  Discussions Happening Today on Twitter

skew@skew_markets

Looks like crypto "degens" tend to be long: over the last 6 months the ratio between long and short liquidations has been ~2:1 on BitMEX's BTC Perp.

Brian Armstrong@brian_armstrong

Was great to have @lloydblankfein (Goldman Sachs CEO 2006-2018) stop by the @coinbase office in New York this morning. Appreciate you sharing some great lessons with myself and the team!

Avichal Garg (Electric Capital) @avichal

1/ I read the SEC's filing against @telegram. Most of the summaries I've seen miss the crux of the filing. The filing focuses on GRAMs as a security because Telegram Inc. controls TON and fundraised for its Messenger in addition My read of the SEC's Telegram filing (IANAL)
Read More

DonAlt@CryptoDonAlt

$BTC daily update: Still following the plan. A lot of low time frame volatility shaking people out of their positions. In contrast to that, the high time frames haven't really been that volatile. Just slowly bleeding out. Bulls need to close the daily above $8200 (black).

The EW Guy@TheEWGuy

$ETH, seeing it as triple zz correction. Although I dont prefer wxywz correction but thats all what i have . ETH must stay above Red zone on weekly to stay bullish.

DonAlt@CryptoDonAlt

Some of the majors, especially $LTC, and $BCH look like absolute ass. Can't be too bullish on the entire altcoin market as long as that is the case. If $XRP's Swell conference is the only thing pulling up alts I doubt this move will be a sustained one.

dave the wave@davthewave

Nearly there...

I started looking at the growth curve here, and wondered how it was to go essentially sideways for so long to get to there.... Well, I think we have the answer.

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