Bitcoin and cryptocurrency round-up: 19 March 2018
What's happening in cryptocurrency today?
Read about crypto's asymmetrical advantage, the G20 results, the case for $91,000 bitcoin, Visa's awkward crypto attack and our weekly price analyses.
1. Every time God closes a door, s/he busts out an entire wall.
Asymmetrical outcomes, where one big win can easily pay for a dozen total losses, are drawing more institutional traders to cryptocurrency, Pantera Capital says.
In an appropriately diverse crypto market, not cutting off a few slices eventually becomes the statistically riskier option.
2. G news.
Or they might be bouncing back for entirely unrelated reasons.
3. More pain, more gain.
When bitcoin seemed to be going well, the analysis said $55,000 bitcoin by 2022. Now that the prices have plunged, the model says $91,000 bitcoin by 2020.
4. Competing for the lucrative criminal demographic.
By all estimates, prepaid cards for criminals are a multi-billion dollar business.
5. Weekly price analyses: Rollcall edition.
- Bitcoin is present and looking sharp, but arrived late.
- Ethereum has taken ill.
- Ripple was hit by a bus.
- Litecoin was marked present, but asked to be excused later in the week.
6. FintruX problems and solutions
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC and NANO.
- Ethereum price stagnates as further drop looks imminent
- Bitcoin’s value jumps up despite fundamentals showing major weakness
- Today’s crypto movers: Bitcoin (↓0.30%), Ethereum (↓0.95%), UNUS SED LEO (↓3.59%) and Amp (↑27.64%)
- Harmony attack brings total lost to crypto bridge hacks past US$1 billion in 2022
- Is Bitcoin dead? Indicators suggest BTC price ready for a reversal