Key Facts Of The Day 19.11.2018

Bear Chases Market, Bitcoin Touching $5K

After a rel­a­tively quiet trad­ing this week­end, the cryp­tocur­rency mar­ket re­sumed its de­cline in the morn­ing hours of Mon­day.

At about 03:00 (GMT), the bit­coin rate began to de­cline again and dropped from the $5.600 level below $5.300, and cur­rently, at the time of writ­ing, is trad­ing at $5.0872, thus los­ing more than 9.00%. The last time cryp­tocur­rency showed such rates was on Oc­to­ber 12, 2017.

BCH Battlefield Update: Heading into Trench War?

This Sun­day, the third largest cryp­tocur­rency ex­change Huobi an­nounced that bit­coin ABC, one of the two chains cre­ated as a re­sult of the hard­fork of bit­coin Cash this week, will re­ceive the orig­i­nal BCH ticker, while the bit­coin SV chain will con­tinue to be called BSV.

An­other cryp­tocur­rency ex­change, cur­rently ranked 17 by daily turnover, Kraken has also con­firmed that it will put bit­coin ABC to­kens for trad­ing under the ticker BCH.

Today in the morn­ing bit­coin SV has man­aged to beat bit­coin ABC cut­ting the dif­fer­ence in mined blocks up to two. How­ever, later bit­coin ABC re­gained its po­si­tion

Vitalik Buterin Discovers New Friends in Turkey?

Turk­ish crypto com­mu­nity fi­nally caught the at­ten­tion of the ethereum cre­ator Vi­ta­lik Bu­terin. Turk­ish peo­ple have been re­ply­ing and com­ment­ing on Bu­terin’s tweets for a long time now. Vi­ta­lik asked in his tweet if there was a large Turk­ish com­mu­nity he hadn’t in­ter­acted with yet.

In fact, there is not only a large crypto com­mu­nity in Turkey, but also there are well-struc­tured pro­jects, or­ga­ni­za­tions, de­vel­op­ers, and min­ers. In 2018 Turk­ish Lira (TRY) lost 40% of its value against U.S. dol­lar, the in­fla­tion reached 25%. The econ­omy is not doing very well and be­cause of this one out of every five peo­ple ei­ther knows, hodls, or mines crypto.

What Else:

Cryp­tocur­ren­cies can­not be ig­nored, but in­sti­tu­tion­al­iza­tion, elim­i­na­tion of volatil­ity and trans­par­ent reg­u­la­tions will re­al­ize the full po­ten­tial of vir­tual as­sets.

The amount collected from the sale of the Barney A. Ebsworth collection at Christie's famous auction house in New York estimated to a total of $317,801,250. In a press re­lease pub­lished by Christie's, it is said that the auc­tion was held in part­ner­ship with the tech­nol­ogy provider Ar­tory, fo­cus­ing on the field of art, as well as using the blockchain to record in­for­ma­tion about the auc­tion.

Over the past few days, Ron Paul, a retired American politician and former U.S. presidential candidate, conducted a survey on a Twitter where they would invest $10,000. 50% of users preferred to invest in bitcoin.

The de­vel­op­ers of the Waves Blockchain plat­form have re­leased the pre­vi­ously an­nounced browser ex­ten­sion Waves Keeper to se­curely sign trans­ac­tions.

At 18:30 (GMT) total cryptocurrency market capitalization stands at $166.8 billion

Nasdacoin (+8.14%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $18.66 (+3 billion per day)

Mining Profitability

Click here for the list of ongoing ICOs and rating. Also, subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.