GSG Market Update – October 17, 2019

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GSG Market Update

October 17, 2019


Name Current Price 24h % 30d Vol 90d Vol 21d EMA 50d EMA
Bitcoin $8,101.77 -0.83% 59.39% 56.93% $8,472.32 $9,088.92
Ethereum $177.79 -1.09% 94.11% 72.56% $182.00 $188.18
XRP $0.296 2.25% 90.42% 66.23% $0.272 $0.273
Bitcoin Cash $219.92 -1.48% 108.30% 79.62% $233.74 $259.66
Litecoin $53.91 -1.91% 87.47% 73.95% $57.78 $64.49
Binance Coin $18.63 1.19% 100.66% 77.60% $17.53 $19.55
EOS $2.96 -0.13% 117.19% 91.51% $3.12 $3.38
Bitcoin SV $88.35 -3.03% 126.41% 92.66% $90.30 $104.80
Stellar $0.064 0.77% 138.37% 90.39% $0.062 $0.064
Cardano $0.039 0.57% 99.56% 80.32% $0.041 $0.044

Top Stories

  • Federal Reserve Bank of Dallas President Rob Kaplan said that U.S. central bank is “actively looking at and debating” issuance of a digital currency, amid growing worries among regulators that dollar might lose status as world’s reserve currency.
  • In an op-ed for the Wall Street Journal, J. Christopher Giancarlo, former CFTC chair, and Daniel Gorfine, former director of LabCFTC, proposed a blockchain protocol to digitize cash and allow the dollar to compete in the new digital era.
  • U.S. Department of Justice analyzed Bitcoin transactions to locate and shut down a global child pornography site called Welcome to Video.
  • Telegram issued letters to investors to postpone launch date of TON, with the new proposed deadline set for April 30, 2020.
  • CoinMarketCap launched page titled Interest by CoinMarketCap, publishing interest rates offered on several cryptocurrencies to help users compare products.
  • Bermuda announces government to accept tax payments in USDC stablecoin.

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



BTC Longs-Shorts

ETH Longs-Shorts

Market Cap Return

Sector Return

Tether Marketcap


Bitmex Perp Swap Funding Rates

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Twitter Daily  Discussions Happening Today on Twitter


#0xProject is up 13% today. Some fundamentals: - 15 addresses have control of more than 1% of circulating supply, but only 2 are active (the rest are hodlers) - The avg time is held is 1.4 years - 33% of the addresses are in the money - $10.66m were moved in large txs ($100k)


BTC 1mth ATM Volatility back to its pre Sep 24th sell-off level, when spot dropped ~12%. There's still some room for a drift lower if markets remain calm as it's currently realizing ~60%.

Nugget's News@NuggetsNewsAU

9th @binance $BNB burn is huge! The 'Binance Futures' effect 

Larry Cermak@lawmaster

Binance just completed their 9th quarterly burn for Q3, in which it burned nearly 2.1M BNB - more than in Q2 and Q3 combined. Since Binance burns 20% of profits, we can deduce that it made approximately $186 million in profit in Q3. This is the second-highest quarterly profit
Read More

The bigger question for bitcoin regarding darkweb sites is if Bitcoin payments are on average more or less traceable for law enforcement than Dollar payments.

$XMR +5% in high volume, in a day $BTC crashed and crypto was a sea of red. This is rare. $XMRBTC +8%. BBG news was published at 10:14AM EST. I'd be surprised if this were a coincidence.
Larry Cermak@lawmaster

1/ Since I last wrote about IEOs, the situation has only gotten worse. Now I think it's clear IEOs are dead, just as it was clear about ICOs in early 2018. The vast majority of projects can't sustain value and continue bleeding
Read More

jonathan @jony_levin

Today is my proudest day at @chainalysis . We enabled US, UK, Germany and South Korea to take down one of the largest Child Abuse Material sites. Law enforcement in 38 countries made 330+ arrests of alleged pedophiles and rescued 23 children from abuse…

Mohit Sorout @singhsoro

Mex Open Interest near its all time high. Once $BTC makes a move out of this range, stops should create a cascading effect resulting in a genuine breakout & not a fakeout. Entering position with market-stop order doesn't sound like a bad idea at all.


You won't you see many talking about an echo bubble on CT because very few people on CT were adults when the last two happened. (Post 1929 and post 2001) "Echo bubble is a post-bubble rally that becomes another, smaller bubble." Source: Investopedia

Farid Rached@FaridRached

A lot of #ethereum scaling solutions are currently in development, but since #devcon5 last week two of them stunned us and are getting serious traction: #athereum by @avalabsofficial @el33th4xor @kevinsekniqi and #optimisticrollup by @karl_dot_tech & co.

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