Cryptocurrencies Market Overview - July 25, 2017
Welcome to my Cryptocurrencies Markets Overview for Tuesday, July 25, 2017.
It's red everywhere. Unfortunately, Steem is one of the biggest losers today. Perhaps a buy opportunity?
24 Hour Change
7 Day Change
Month-to-Date Change
Market Capitalization
Please feel free to use and share my images under the Creative Commons license.
Bitcoin Hourly Chart
Bitcoin has broken the consolidation area a few hours ago...
Latest Crypto News - July 25, 2017
Bitcoin Price Heads South Again as Politics Fuel Potential Network Disruption
It looks as if cryptocurrency traders may have another rough patch looming ahead. The Bitcoin price suddenly started declining, resulting in a near 6% loss in about an hour.
Read more: themerkle.com
Bitcoin Options Will Be Available This Fall
LedgerX LLC, a cryptocurrency trading platform operator, won approval from the U.S. Commodity Futures Trading Commission to operate as a federally-regulated exchange and clearing house for derivatives contracts settling in digital currencies.
Read more: Bloomberg
Other sources:
- LedgerX gets U.S. approval for derivatives on digital currencies (Reuters)
- Start Your Hedging: LedgerX to Begin Trading Cryptocurrency Derivatives (CoinDesk)
- LedgerX Completes CFTC Process, Approved for Bitcoin Options (Cointelegraph)
- CFTC Approves First Regulated Bitcoin Derivatives Exchange and Clearinghouse (Bitcoin.com)
Bitmain: Bitcoin Cash Hard Fork Merely Contingency Plan for UASF
Bitmain clarifies its position on Bitcoin Cash hard fork, noting that it merely supported Bitcoin Cash as a contingency plan for UASF.
Read more: cointelegraph.com
Goldman To Nervous Bitcoin Traders: Be Patient, The Next Surge Will Take It Above $3,600
Prompted by growing interest among the hedge fund community, Goldman is dedicating increasingly more "bandwidth" to covering bitcoin, and judging by the bank's bullish bias, most of the "smart money" appears to be long the cryptocurrency.
Read more: zerohedge.com
More sources:
Poloniex Will not Provide Support for Any Potential Bitcoin Forks
The upcoming Bitcoin hard fork is a problem for cryptocurrency exchanges. Some platforms will support Bitcoin Cash, whereas others won’t. One of the companies not supporting any future fork is Poloniex. That is a rather remarkable decision, to say the least. The company will not commit to supporting specific blockchains emerging after a potential split.
Read more: newsbtc.com
'Unrealistic': BIP 91 Creator James Hilliard Has Choice Words for Segwit2x
"Nutty." No, developer James Hilliard isn't describing his lunch. Rather, that's his choice of description for Segwit2x, the controversial technical roadmap announced by bitcoin's startups and miners in May, and that has been the center of widespread debate ever since.
Read more: coindesk.com
Winklevoss Backed Gemini Exchange to Begin Daily Ether Auctions
Digital currency exchange Gemini is set to begin hosting daily ether auctions on Friday.
Read more: coindesk.com
Bitcoin Experiences Rapid Growth and High Trading in Africa
South Africa has already witnessed a surge of bitcoin interest and activity as the digital currency has taken a foothold in the country. It now appears bitcoin is seeing rapid growth in other areas of Africa. Razor-Forex recently posted data from Coin Dance suggesting Tanzania and Nigeria have both seen increased bitcoin trading.
Read more: bitcoin.com
More sources:
- It is Baby Steps But Bitcoin is Taking Root in Africa (Cointelegraph)
Bitcoin Cash: What You Need to Know
Bitcoin Cash’s sudden announcement on Saturday that they’ll go ahead with a fork on August 1 caught a lot of people, including myself, by surprise. In this article, I’m going to explain what Bitcoin Cash (aka BCC) is, how it affects you and how you should prepare for August 1.
Read more: medium.com
Popular Bitcoin Mixing Service Bitmixer.io Shuts Down Immediately
People who are looking for a way to anonymize their bitcoins often have to go through various hoops. In most cases, the easiest way to do so is by using a cryptocurrency mixer. It now appears that Bitmixer.io, the world’s largest Bitcoin mixer, will cease operations. It is unclear if this has anything to do with Bitmixer’s link to AlphaBay users.
Read more: themerkle.com
What's Left Before SegWit Goes Live? Bitcoin's Path to More Capacity
Bitcoin is on the road to increasing its capacity – but it's not there yet. Despite the claim bitcoin has been upgraded to support Segregated Witness-style transactions, there are more steps that need to occur before its distributed network can process additional data.
Read more: coindesk.com
What Every Bitcoiner Should Know About 'Bitcoin Cash'
In a few days the notorious August 1st is approaching, and it’s likely this day will be remembered for a long time. This week Bitcoin.com discussed the possible scenario of a user activated hard fork called “Bitcoin Cash” as much of the community doesn’t realize this fork will likely still happen despite Segwit2x’s current progress.
Read more: bitcoin.com
Rough to see Steem on the way down again. Definitely a buy opportunity.
Nice charts. The market basically didn't move yesterday. Figured it would start trending down again soon.
@PenguinPablo... am new here but been following You for about 45 days.
This is a very detailed/informative Post with many great links on the continuing issues surrounding Bitcoin...
And Yes, we could see Bitcoin breach it's previous lows made recently, but there will be a quick snap back Up... just as there was when the previous lows were hit. The lower the lows, the faster & quicker the snap back UP will be, imho... Remain Calm and STEEM On...
Also, will DM You within the next few days... have a very simple modification for your consideration of Your great website www.SteemNow.com ...it's an idea that if it's implemented should make this website an even MORE of a "Go To" utility for Steemians than it already is... will explain in a DM to You.
Thanks Again Jimmy... Cheers !!
Quick Edit: The Medium article You wrote is Incredibly Important to be read by everyone, even people that may not be holding Bitcoin, imho. Here is the link, just in case some people may have missed it...
https://medium.com/@jimmysong/bitcoin-cash-what-you-need-to-know-c25df28995cf
Thanks Again 4 what You wrote here... ReSTEEMed... Well done Sir !!
I'm glad I followed you. I didnt check the market today and wham, I could have missed this. Thank you.
One question though, what is your prediction, will this free fall continue for sometime ?
I think we can expect a few volatile days ahead. Despite the fact that BIP91 locked-in, the crypto markets are still nervous.
Thank you. :)
Great post with lots of info and tons of great links ! Thanks bunch ! Upped and resteemed !! 👍👍👍🚀
The information you display is very useful, many things that I can read here and become update information about cryptokurensi. I also use web steemnow.com. Does it have you? Greatly helps steemit users
Thanks for the update, really like the graphs! Pity about BTC falling down after the consolidation...
I grabbed some Steem today and if it keeps going down, I'll be loading up some more. Hoping to get in around $1USD.
You got my vote and a resteem :]
This post received a 4.4% upvote from @randowhale thanks to @penguinpablo! For more information, click here!