When Bitcoin (BTC) rallies sharply it does not leave a chance to buy. Traders then regret missing the bus. They promise themselves that they will buy on the next dip. However, when the prices correct, fear grips the traders and they again miss pulling the trigger. While there will be many reasons for a fall, unless the basic fundamental reason changes, traders should continue to look for buying opportunities. CEO & chief investment officer of Morgan Creek Capital Management Mark Yusko believes that investors should use the fall in Bitcoin to buy because the fundamentals have been improving over the …

Ripple, the San Francisco-based startup behind the third-largest asset on the crypto market, XRP, has acquired payments platform Logos Network to develop decentralized financial (DeFi) products. Per a Sept. 27 blog post, Ripple’s Xpring initiative, the company’s investment arm, has onboarded Logos Network. Logos Network is a distributed ledger-based payment platform that focuses on speed and scalability. Exploring DeFi and building relationships As part of Xpring, the team behind Logos will be exploring a DeFi system that is set to leverage XRP at its core. With the acquisition, Logos’s founder and CEO Michael Zochowski will lead DeFi Products, as well …

The major flaw in Facebook’s planned cryptocurrency, Libra, is that it’s a closed system — akin to a “walled garden.” That’s the argument made by Marcus Treacher, Ripple’s senior vice president of customer success, in a CNBC interview published on Sept. 27. “Walled garden” strategies and the antitrust pushback The “walled garden” metaphor has notably been used in the past to refer to commercial strategies pursued by tech giants such as Apple, who endeavor to retain complete control over the software, apps and accessories related to their proprietary devices. This very strategy has come under fire during recent attempts to …

The total cryptocurrency market capitalization had repeatedly taken support close to the $250 billion mark since mid-July of this year. However, the recent collapse in crypto markets led by Bitcoin (BTC) has broken the support and market capitalization has dipped to just under $220 billion. It is difficult to pinpoint the exact reason that started the fall. A few speculators might have built up positions expecting the prices to surge following the launch of Bakkt. However, when that did not play out, they started closing their trades in a hurry. As a result, important support levels cracked and the rest …

Tuesday, Sept. 24 — Altcoins prices are bleeding heavily, with some of the top 20 coins showing losses of more than 34% on the day. Cryptocurrency market daily overview. Source: Coin360 The last few hours have been nothing but pain for the entire crypto market. Major coins are experiencing double-digit losses, with Bitcoin SV (BSV) taking the not-so-desirable lead with a massive hit of more than 34% on the day. The most popular altcoin, Ether (ETH), has dropped by more than $50 in the last 24 hours to a price point of $156 per coin — a heavy loss of …

Monday, Sept. 23 — Major cryptocurrency markets are reporting mixed signals, with Bitcoin (BTC) being slightly bearish following the launch of Bakkt’s physically delivered Bitcoin futures. Market visualization. Source: Coin360 The leading digital currency Bitcoin is down 1.55% on the day to trade at about $9,813 at publishing time. During the day, BTC has been trading in a narrow corridor between $9,788 and $10,097 — the lowest and highest price points of the coin over the day. As Cointelegraph reported in a dedicated analysis earlier on Monday, if Bakkt momentum picks up, Bitcoin prices could see resistance about $10,630 on …

The long-awaited launch of Bakkt has seen a lukewarm response as only 63 Bitcoin (BTC) contracts have been traded as of press time. This is not unexpected because Bitcoin has been range-bound for the past few weeks, hence, institutional traders will not be in a hurry to initiate positions. They are likely to wait and watch for a few days and then jump in. Bakkt CEO Kelly Loeffler said that the launch of Bakkt will instill “trust through regulation and secure custody.” As the institutional players warm up to Bakkt, we anticipate volatility to pick up in the next few …

Though Bitcoin’s (BTC) price action has largely been lackluster in the past few days, it could change with the launch of Bakkt. Fundstrat Global Advisors co-founder Tom Lee is positive on “Bakkt and its ability to improve trust with institutions to crypto.” The crypto markets have been waiting for institutional interest to fuel the next leg of the up-move and Bakkt is an important step in that direction. To maintain its advantage, the Chicago Mercantile Exchange (CME) Group plans to introduce options on Bitcoin futures in the first quarter of 2020, if it gets the necessary regulatory approvals. Tim McCourt …

Blockchain network Ripple has filed a motion to dismiss a lawsuit accusing the firm of selling unregistered securities. Ripple: Securities ruling beyond scope of the court In a court filing uploaded by Fortune on Sept. 20, lawyers representing the company against investor Bradley Sostack contested the claims. Part of an ongoing legal battle, Sostack says Ripple’s sales of XRP in 2013 constituted an unlawful securities offering. Ripple denies this, but the case has thrown up wider concerns over the legality of Ripple’s operations regarding XRP. As Cointelegraph reported, executives have refused to acknowledge the company’s relationship to the token, despite …

Thursday, Sept. 19 — Bitcoin (BTC) prices are back up and seem to be stabilizing just above the $10,200 price mark after experiencing a sudden drop of $500 in minutes. Market visualization. Source: Coin360 Bitcoin is trading sideways again Bitcoin’s sideways trading behavior has become standard operating procedure in recent months, with long periods of sideways action giving way to sudden drops in prices, only to shoot back up to previous levels. BTC has started to trade sideways once again, currently at around $10,290 per coin, according to data from Coin360. Bitcoin 24-hour price chart. Source: Coin36 Some have tried …

The Chicago Board Options Exchange has withdrawn its application for the VanEck/SolidX Bitcoin (BTC) exchange-traded fund (ETF). However, VanEck’s director of digital asset strategies Gabor Gurbacs stated that they will continue to work with regulators to bring “a physical, liquid and insured ETF” to the market. Bitcoin had a muted reaction to this news, which is a positive sign. Blackstone CEO Steve Schwarzman said that blockchain technology is good and will be adopted. However, he was not supportive of the idea of using blockchain technology for generating money. While crypto enthusiasts like the decentralized nature of cryptocurrencies, Schwarzman was against …

Tuesday, Sept. 17 — Altcoins are showing massive upward price movements, while the No.1 cryptocurrency trades flat at around $10,200. Market visualization. Source: Coin360 While the number of Bitcoin (BTC) wallet addresses holding a minimum of 10 BTC — worth over $100,000 — has hit an all-time high, the Bitcoin price continues to trade sideways, with an intraday high of around $10,320. BTC has been slowly trading downwards to its current trading price of $10,216 and is showing a small gain of 0.8% on the day, according to data from Coin360. Bitcoin 24 hour price chart. Source: Coin360 Millenials banking …