Репост из: One-minute letter | CT
Letter #75. Bitcoin Is $8900 Again. What To Do With This Volatility?
Crypto market
Bitcoin (BTC) has gained $1200 in 24 hours over March 12 as the markets shake off the weekend’s slump below $8500. To understand why Bitcoin is so volatile read our price analysis. http://bit.ly/2ImBsNd
For the last three days two new indexes for assessing the state of the market of cryptocurrencies were introduced:
• Wall Street strategist Thomas Lee has developed a ‘contrarian index’ that lets investors know how ‘miserable’ Bitcoin holders are based on current prices. The ‘Bitcoin Misery Index’ was designed as a trading tool for investors to take advantage of volatility in BTC exchanges. http://bit.ly/2IhYXXv
• Canadian mass media and information company Thomson Reuters has announced the launch of a Bitcoin sentiment data feed that will now scan more than 400 news and media sites related to crypto for information to add to its feed. http://bit.ly/2DkuuV6
News extra:
• Binance offers $250,000 bounty for arrest of hackers. Read more about the bounty here. http://bit.ly/2FMZzWG
• Japanese crypto exchange Coincheck is starting to refund customers that were affected by the Jan. 26 hack of around $534 mln worth of NEM, as well as allowing the withdrawal and sale of certain crypto. http://bit.ly/2DmiUc1
• 5 acres of fruit from Bitcoin mining heat: ‘Cryptomatoes’ uses bespoke housing for Bitcoin servers which harnesses heat and sends it to greenhouses currently growing tomatoes. http://bit.ly/2p5SB4O
• After the February’s crypto market slump that brought Bitcoin below $7000, the number of Google searches for “Bitcoin” has dropped to the lowest levels since October of last year. http://bit.ly/2Hub1DX
• Read more on how comedian John Oliver explained Bitcoin. http://bit.ly/2FOHLdY
Crypto market
Bitcoin (BTC) has gained $1200 in 24 hours over March 12 as the markets shake off the weekend’s slump below $8500. To understand why Bitcoin is so volatile read our price analysis. http://bit.ly/2ImBsNd
For the last three days two new indexes for assessing the state of the market of cryptocurrencies were introduced:
• Wall Street strategist Thomas Lee has developed a ‘contrarian index’ that lets investors know how ‘miserable’ Bitcoin holders are based on current prices. The ‘Bitcoin Misery Index’ was designed as a trading tool for investors to take advantage of volatility in BTC exchanges. http://bit.ly/2IhYXXv
• Canadian mass media and information company Thomson Reuters has announced the launch of a Bitcoin sentiment data feed that will now scan more than 400 news and media sites related to crypto for information to add to its feed. http://bit.ly/2DkuuV6
News extra:
• Binance offers $250,000 bounty for arrest of hackers. Read more about the bounty here. http://bit.ly/2FMZzWG
• Japanese crypto exchange Coincheck is starting to refund customers that were affected by the Jan. 26 hack of around $534 mln worth of NEM, as well as allowing the withdrawal and sale of certain crypto. http://bit.ly/2DmiUc1
• 5 acres of fruit from Bitcoin mining heat: ‘Cryptomatoes’ uses bespoke housing for Bitcoin servers which harnesses heat and sends it to greenhouses currently growing tomatoes. http://bit.ly/2p5SB4O
• After the February’s crypto market slump that brought Bitcoin below $7000, the number of Google searches for “Bitcoin” has dropped to the lowest levels since October of last year. http://bit.ly/2Hub1DX
• Read more on how comedian John Oliver explained Bitcoin. http://bit.ly/2FOHLdY