Michelmores survey revealed that traditional investments outshine cryptocurrency investments. As reported, out of 500 millennials, only 20% invested in cryptocurrencies. 37% of them invested in shares, and 37% in pensions and stocks. Besides these, people invested in life insurance, investment trusts, and fixed-income securities.
Facebook’s Libra will be under the scrutiny of 26 central banks in Switzerland, as reported by Financial Times. Among the assembled central banks, executives from the Bank of England, US federal reserve, the Bank of International Settlements’ Committee on Payments and Market Infrastructure will be questioning Libra’s executives.
Trump has passed another executive order banning Venezuelan Cryptocurrency- Petro, in the United States. Although the order is yet to be voted into law, the community fears eventual bans on other crypto coins as well.
Changpeng Zao allegedly called a Binance Bitcoin Futures an attacker after a flash crash on its platform. No liquidations occurred, and the incident was later reported to be an unintentional accident from the client’s side.
People in Cuba turn to cryptocurrencies to overcome US regulations. As reported by Reuters, Bitcoin is an active mode of transaction in the island. Currently, the crypto trading stands in the gray legal territory of the country; however, the President of Cuba had declared to ascend the use of virtual money to boost the suffering economy.
Exchanges offering margin trading are manipulating the market to earn profits through liquidation. Technical errors, wash trading, and insider trading are some of the few tactics used by these exchanges.
Current Bitcoin Price – $10,123.0
Yesterday, Bitcoin opened at a price of $10,356.47. The fluctuations drove it to the lowest value of $10,313.09 and the highest value of $10,387.03 in 24 hours. Bitcoin closed at $10,347.71 and saw a decrease of 0.08% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 48.29%.
Current Ethereum Price – $191.28
Yesterday, Ethereum opened at $188.07. The fluctuations drove it to the lowest value of $186.45 and the highest value of $190.40 in 24 hours. Ethereum closed at $189.79 and saw an increase of 0.91% throughout the day.
The crypto coin is still below its all-time high value of $1,432.88 by 86.71%.
Current Cardano Price – $0.046210
Yesterday, Cardano opened at $0.046507. The fluctuations drove it to the lowest value of $0.046231 and the highest value of $0.047114 in 24 hours. Cardano closed at $0.046799 and saw an increase of 0.63% throughout the day.
The crypto coin is still below its all-time high value of $1.33 by 96.45%.
Bitcoin Market Cap
The day ended with $185,863,090,038 for the Bitcoin Market Cap.
Ethereum Market cap
The day ended with $20,952,646,876 for the Ethereum Market Cap.
Cardano Market cap
The day ended with $1,220,278,996 for the Cardano Market Cap.
Bitcoin Trading Volume
The 24-hour trading volume of Bitcoin – $12,426,036,820
Ethereum Trading Volume
The 24-hour trading volume of Ethereum – $6,744,859,458
Cardano Trading Volume
The 24-hour trading volume of Cardano – $42,352,786
Crypto enthusiasts beware of these whales:
- 260,000,000 XLM ($15,008,070) transferred from an Unknown wallet to Kraken. Transaction ID: c78a7f8c941448b96bed0bffc892958b77d3f03e56053b71c363f92982ebc5bf
- 77,670 ETH ($14,675,117) transferred from an Unknown wallet to Huobi. Transaction ID: 0xcb11eea2e9ffca9dd29a8a6c219136878a10165921ad26f50da0c5260abd96f6
Nigerian kidnappers are employing bitcoins to fund their illicit activities
Kidnappers have started asking for Bitcoin as ransom in Nigeria.
— Africa Facts Zone (@AfricaFactsZone) September 16, 2019
What to expect today?
Bitcoin has struggled to break the $10,400 resistance and has been consistent in the $10,300 range. Will it see an uptrend or test lower supports tomorrow?