The bitcoin (BTC) course sat night for quite a while due to the resistance at $10.800 broken ($10.834 on Bitstamp, red), but there was little conviction behind it. The price dropped pretty quickly back to the levels around $10.600.
Most of the altcoins, both in dollars and in satoshi’s at a loss, and a dominant view in 2019.
Of course, there are exceptions, such as Monero (XMR), Ethereum Classic, ETC.), Dash (DASH), Chainlink (LINK below) and it Go (on the GO). But in the ether (ETH) yields just over 2%, compared to BTC, but also for a large part of the top-25 in the loss.
Conclusion: the smaller cryptomunten vis-à-vis that of bitcoin becoming worth less and less.
Contents
Bitcoin (BTC) domination
Bitcoin (BTC) continues to be the dominant player in the market with a measured dominance of 70.8%. (source: Coinmarketcap, eds.).
There is now a $268-billion dollar cryptovaluta, of which more than $190 billion in bitcoin.
We have seen a number of trends in the industry:
Bitcoin’s dominance continues to grow, the dominance, altcoins will take obviously off
In absolute terms, it is the cryptomarkt to be larger, but it is relatively more capital is flowing into BTC
On april 1, there was a 145 billion dollars in the market, and it took all the altcoins to 50% of their account
On the 1st of september was of 250 billion dollars in the market, and the names of altcoins to 30% to account for
The total market value beyond bitcoin (source: Coinmarketcap)
According to the analyst, Josh Rager, a skake-out of the smaller coins (which were outside the top 200, fall, red, the inevitable.
The next altcoin boom will be led by new-tech assets are not available on exchanges yet,$HBAR, $NOW, $TEMPLATE, and more
My focus is the future of trading altcoins will be more on these types of assets, and less about majority of the current altcoins
Especially altcoins out of the top 200
— Josh Rager ? (@Josh_Rager September 4, 2019
VanEck bitcoinfonds, CME options?
It continues to coffee and see which statements are the basis for the recent rise of bitcoin price. One of the statements of the institutional interest in the asset (in German) is increasing.
1. Bitcoin is a trust fund to launch VanEck / SolidX (Thursday 5 september)
This article is from the international monetary Fund points out, a stock analyst at the new VanEck, and SolidX, a bitcoin trust fund is going to be launched.
A similar fund already exists with the Grayscale Bitcoin Trust has been placed in the market. Institutional investors in a 144A component of this fund is to purchase, and gain access to the bitcoin is backed by “physical” bitcoin.
The collateral must be VanEck and the SolidX bitcoin the market for take out, the more scarcity will lead to.
2. Customers will be able to make their bitcoin payment made at time of Bakkt (Friday 6th september)
Bakkt, the bitcoin futures platform of the Intercontinental Exchange (ICE) will open on the 23rd of september its doors to the public. On the 6th of september, and the first customers will have their BTC deposit.
It is particularly important to demand for bitcoin. Bakkt to pay for the bitcoin futures contracts in bitcoin. What this means is that they have plenty of bitcoin in order to be able to do it.
3. Rumor: ‘CME group is with the bitcoin options
The CME Group, will bring, since at the end of 2017, in bitcoin futures contracts, on the market. According to the site to play the stock market in Chicago, with the idea of other options on the market.
Options are a way to take the risk to be covered. With to get, you have the right to have bitcoin to be able to buy or sell at a specific date/time period at a specified price.
One of the parties, who are often the options to use the pension fund.
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