Home / Bitcoin / Bitcoin, Ethereum, Ripple Price analysis for the week from 24 September to 30 September

Bitcoin, Ethereum, Ripple Price analysis for the week from 24 September to 30 September

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Google does not use ad encryption, even if in part. Ripple Craziness continues with the new Coinbase quote policy that could open the doors to the listing of XRP. Among the companies, Walmart tells suppliers, "Blockchain or bust". Addressing the Stablecoin Circle question, he launches Stablecoin (USDC). Among the new regulations, Crypto leaders meet with Capitol Hill to discuss the future of cryptocurrency. Among the exchanges, Mount Gox Trustee reports the sale of cryptocurrencies worth $ 230 million since March 2018. Internationally, the main Indian cryptocurrency exchange Zebpay becomes the first disaster of the encryption ban by the Indian Regulator while the case in the court of the apex against the ban should be heard this week

Google announced this week that a total ban on cryptocurrency ads will end in October. The updated policy does not mean that it will still be a free publicity for everyone. ICO announcements, portfolios and trading tips are still blacklisted and approved ads can only be published in the US and Japan. Following the directions of Facebook, the encrypted companies must complete an application to advertise their products or services.

XRP prices rise while the US-based Bitcoin exchange Coinbase prepares to list other encrypted assets, the company announced. Coinbase currently offers Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin. In his blog, the company announced that it is currently working on compliance issues and regulations that will further open the way for more resources. He said: "The new process begins with a module that allows issuers to present resources for listing at Coinbase, which we will evaluate based on our digital asset structure, the application form and the digital resources framework will be updated regularly and our module will indicate the last version of the picture we are evaluating. "

XRP also has another piece of news in its name as the price drop over the past two weeks has been associated with Jed McCaleb's XRP offering. The digital token has seen its prices fall significantly in previous weeks, and company co-founder Jed McCaleb has "accelerated" its sale of XRP in the process, selling up to 40,000 tokens a day until July. In August, it sold almost 500,000 XRPs a day. Now that the price of ripple has increased in recent days, one might expect McCaleb to have changed his strategy. However, he continued to sell about $ 150,000 of the token each day. McCaleb did not divulge his strategy except to tell the Wall Street Journal that he "does not sell more than [he has] do not agree with Ripple. "

This week, Walmart has informed partners that California-based product suppliers must adhere to their supply chain blockchain system or lose their business. Switching to the production of tracking with blockchain should help Walmart to reduce the scope of the recalls in case of contamination. Frank Yiannas, Walmart's vice president of food security, told reporters that Walmart has been experimenting with blockchain technology for two years, so the requirement "should not really surprise".

Stablecoin are back in the news as Circle Launches Stablecoin (USDC). In perhaps one of the strangest trends in the cryptocurrency space, the Boston-based payments company, Circle, has launched its stablecoin with the dollar called USDC. This release follows the launch of the Gemini & # 39; s stablecoin (GUSD) cryptocurrency exchange. While these stablecoins are not in direct competition as they will probably be natives of each exchange (Circle = Poloniex), they are designed to cut off some of the market shares from the stable leader Tether (USDT).

More than fifty participants joined a round table hosted by Representative Warren Davidson, R-Ohio, on Tuesday to discuss the future of the cryptocurrency world. A key point was that the burden of regulatory uncertainty would stifle innovation as companies fear to overload resources to commit legal infractions due to a misinterpretation of laws.

In addition, read: Bitcoin & Crypto Market all equipped for a Bull Rally, experts explain why

According to the recent version on the Monte Gox website, the mountain. Gox Trustee, Kobayashi would have sold $ 230 million of Bitcoin and Bitcoin Cash since March 2018, revealed a report on the Mount. Gox website. Gox was undoubtedly the most popular Bitcoin exchange in the world before being hacked in 2014.

Zebpay, a leading cryptocurrency exchange operator in India, has halted its exchange transactions, effective since September 28th. In a statement released on his blog, Zebpay said: "At this point, we are not able to find a reasonable way to conduct cryptocurrency trading, so we are stopping our exchange activities. (28 September 2018), we will cancel all crypto-to-crypto orders that have not been executed and credit your cryptographic coins / tokens to your Zebpay wallet.No new orders will be accepted until further notice. "However, he added: The Zebpay wallet will continue to work even after the exchange and one is free to deposit and withdraw coins / tokens in their wallet.

Again from India, the Supreme Court may have a hearing in the next week on the ban on the Indian Central Bank to encrypt companies. Speaking of the case, the co-founder and CEO of Koinex of Rahul Raj was quoted by telling the media that "Depending on what the Supreme Court's verdict is, there will be some other kind of sentiment or movement in the regulatory framework, regulators or exchanges or users will find themselves in situations with much more clarity on how this space will appear in the coming weeks or months ".

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Source: Coin360.io

Bitcoin (BTC)

After being on the green in the last two days, BTC has stated that some minor sales closed the week by 2%. Prices hit the highest point of USD 6,785.03 and the lowest point of USD 6,381.86 during the week. Apart from the anomalous values ​​of BitMEX which had volumes of 19.31%, the most active exchanges, in volumes, with BTC on various pairs this week were, Bithumb (3.00%), Binance (2.57%) and DOBI Trade (2.31%),

Among the prominent voices, Fundstrat's Tom Lee said that the stability of Bitcoin at $ 6,000 regardless of its lower highs is optimistic. Lee was quoted by Blooomberg saying "$ 6,000 is a level that is more important than we realized." At the start of this year, we were pointing to $ 6,000 as a breakeven for Bitcoin mining, so the level should be maintained.The fact that Bitcoin holds here is a very good news.I think there are catalysts at the end of the year, so I think that despite the lower highs we have seen I think we are starting to reverse "

Ethereum (ETH)

Ethereum was seen again exchanging seats with XRP on the list of the biggest cryptocurrencies from marketcap. Although he has regained his place, XRP is still at a menacing distance. The top prices this week were USD 245.15 and remained at USD 206.49 low, falling very close to the USD 200 target. The markets that were most active , in volumes, with ETH on various pairs this week were DOBI Trade (5.82%), Binance (4.78%) and Huobi (4.40%)

Like Bitcoin, also for Ethereum Tom Lee told CNBC this time that the last four out of four times fell behind on par, with two standard deviations, the ether saw a "turnaround". Lee also said that the sentiment towards ETH was excessively negative and the fact that the token subtracted its peers from two standard deviations was a "sign of capitulation".

Ripple (XRP)

Ripple's XRP is still experiencing a crazy moment this time with the expectation that the change in Coinbase's policy will open its doors to the XRP on the renowned exchange. At the top, this week XRP prices were USD 0.587431 and down they quoted USD 0.441519. The most active trades, in volumes, with XRP on several pairs this week were Bitbank (12.65%), Upbit (12.55%) and Binance (11.10%)

For XRP this week, CoinField, Canada's most advanced bitcoin and cryptocurrency exchange, has announced that it is exploring the possibility of making XRP its base currency.

The other promoters and agitators

The other coins that arrived at the top and bottom this week according to Coin Market Cap (access on September 30th at 11.30pm IST) were

Movers

  • ETERNAL TOKER – 714.23% increase in results
  • EJOY – Results up by 390.55%
  • NGOs – Showing a 220.57% increase

Shakers

  • Coin Concierge: with a loss of 69.69%
  • Coin2Play: shows a loss of 57.31%
  • Banyan network: a decrease of 39.07%

What do you think the feeling of the cryptic markets would be like next week? Let us know your opinions on the same

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Bitcoin, Ethereum, Ripple Price analysis for the week from 24 September to 30 September

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Bitcoin, Ethereum, Ripple Price analysis for the week from 24 September to 30 September

Description

Google does not use ad encryption, even if in part. Ripple Craziness continues with the new Coinbase quote policy that could open the doors to the listing of XRP. Among the companies, Walmart tells suppliers, "Blockchain or bust".

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NILESH MAURYA

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COINGAPE

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