Opinions: Institutional Investors vs Crypto Twitter

Opinions: Institutional Investors vs Crypto Twitter

Fundstrat boils down its report into major conclusions:
1. Institutions are significantly more bullish than Crypto Twitter on BTC
2. XRP is the least liked and most polarizing

BTC

8,744 USD
0.38%

XRP

0.4543 USD
1.98%

Related news

Could the US Ban Bitcoin 2020?🧨 Binance $186 Million Q3 Profit

👻JOIN ACADEMY: https://spooky.ivanontech.com 🔥 *ByBit Exchange ($60 FOR FREE):* ​​http://bybit.ivanontech.com (WHEN ADDING 0.2 BTC). This is an affiliate link. 🔥 Unstoppable Domains: http://domains.ivanontech.com 🔥 *BitForex Exchange ($10 FOR FREE):* ​​https://www.bitforex.com/en/register?bf=IvanonTech This is an affiliate link. *Join Telegram Discussions*: https://t.me/ivanontechvip 😍 WANT TO BE SEEN ON THE CHANNEL? 👉 EMAIL contact@ivanontech.com 🚀 JOIN ACADEMY 👉 https://academy.ivanontech.com 💥 JOIN TELEGRAM GROUP 👉 https://t.me/ivanontechvip 💰 GET $10 TO BUY YOUR FIRST CRYPTO: https://www.coinbase.com/join/59d1738ff36136022bd9ee10 🏆 BUY PHYSICAL BULLION GOLD: http://www.bullionvaultaffiliate.com/ivanli/en 📈 BEST ALTCOIN EXCHANGE: https://www.binance.com/en?ref=35933746 🔐 BEST WALLET: https://www.ledger.com?r=5a56aa023b40&tracker=IOT Good Morning Crypto 🚨 Want to be a Sponsor? EMAIL contact@ivanontech.com 🎓 Join my online academy https://academy.ivanontech.com 👬 Join the crypto discussion forum - https://forum.toshitimes.com 📣 Join Telegram channel https://t.me/joinchat/AAAAAE2xJE4l8xhC8MU4cg 🎤 If you would like me to speak at your conference, book me here: https://ivanontech.com #bitcoin #blockchain #ivanontech 👫👭👬Social: LinkedIn: http://linkedin.com/in/ivanliljeqvist/ Instagram: http://instagram.com/ivanontech/ Steemit: https://steemit.com/@ivanli Facebook: http://facebook.com/ivanontech/ DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make. Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins. Ivan on Tech by Ivan Liljeqvist
Ivan on Tech

Bitcoin And Crypto Market Cap Facing Hurdles: BCH, Litecoin, TRX, XLM Analysis

The total crypto market cap corrected a few points, but it faced a strong resistance near $215.0B. Bitcoin price is also correcting higher, but it is likely to struggle to clear the $8,200 resistance. Litecoin (LTC) price is now facing resistance near the $55.50 and $56.50 levels. BCH price is holding the main $215 support area and it is currently rebounding. Tron (TRX) price is climbing higher and it is now placed nicely above the $0.0150 level. Stellar (XLM) price is up more than 2% and it is moving towards the $0.0650 resistance. The crypto market cap and bitcoin (BTC) are facing many hurdles on the upside. Ethereum (ETH), litecoin (LTC), ripple, BCH, tron (TRX), stellar (XLM) and other altcoins could struggle to climb higher. Bitcoin Cash Price Analysis BCH price corrected lower recently and tested the $215 support area against the US Dollar. The price is currently moving higher and is trading near the $220 level. On the upside, there is a major resistance near the $230 level, above which the price could recover towards the $240 level in the near term. On the downside, if there is a bearish break below the $215 support, the price could decline towards the $205 and $200 support levels. Litecoin (LTC), Tron (TRX) and Stellar (XLM) Price Analysis Litecoin price managed to stay above the $51.50 and $50.00 support levels. LTC price is currently recovering and is trading above the $54.00 level. However, there are a few key hurdles near the $55.50 and $56.00 levels, above which the price could revisit the main $60.00 resistance area. Tron price declined recently and tested the $0.0145 support area. TRX price remained well bid and recently started a nice upward move above the $0.0150 resistance area. The price is up more than 3% and it could continue to rise towards the $0.0155 resistance level in the near term. Stellar price also declined recently and tested the $0.0600 support area. XLM price is now climbing higher and is trading above the $0.0625 resistance area. However, there is a major resistance near $0.0650, above which the price could continue to rise towards $0.0682 and $0.0695. Looking at the total cryptocurrency market cap 4-hours chart, there was a decent recovery from the $205.0B support area. However, the market cap struggled to clear a key resistance near the $215.0B level and the 100 SMA. Moreover, there is a connecting bearish trend line forming with resistance near $215.0B. Therefore, a clear break above the $215.0B resistance is needed for a nice rally in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX, ADA, XMR, and other altcoins in the coming sessions. Bitcoin And Crypto Market Cap Facing Hurdles: BCH, Litecoin, TRX, XLM Analysis was last modified: October 18th, 2019 by Aayush JindalThe post Bitcoin And Crypto Market Cap Facing Hurdles: BCH, Litecoin, TRX, XLM Analysis appeared first on NewsBTC.
NewsBTC/analysis

SEC Wants Second Look at Bitwise Bitcoin ETF Proposal

The U.S. Securities and Exchange Commission (SEC) is reviewing its order issued last week pertaining to a rejected proposal for a bitcoin exchange-traded fund (ETF). The proposal was filed by NYSE Arca for the Bitwise Bitcoin ETF Trust. Meanwhile, the SEC is also evaluating a proposed rule change for a different type of bitcoin ETF. Also read: SEC Rejects Another High-Profile Bitcoin ETF Proposal ETF Order Stayed The SEC has sent a letter dated Oct. 15 to Intercontinental Exchange (ICE), the parent company of the NYSE, concerning its recent order disapproving NYSE Arca’s proposal to list and trade shares of the Bitwise Bitcoin ETF Trust. This proposal was rejected on Oct. 9. “This letter is to notify you that, pursuant to Rule 431 of the Commission’s Rules of Practice, 17 CFR 201.431, the Commission will review the delegated action,” the letter explains, adding: In accordance with Rule 431(e), the October 9, 2019 order is stayed until the Commission orders otherwise. The letter continues, “The Office of the Secretary will notify you of any pertinent action taken by the Commission.” Prior to the Oct. 9 rejection, ICE and Bitwise had been actively discussing their bitcoin ETF proposal with the SEC. The Commission emphasized that its disapproval “does not rest on an evaluation of whether bitcoin, or blockchain technology more generally, has utility or value as an innovation or an investment.” This is also not the first time the SEC has taken this action. In August last year, the Commission did the same with three orders for nine bitcoin ETFs. T-Bill Bitcoin ETF in the Running Besides reviewing the order disapproving the proposal for the Bitwise Bitcoin ETF Trust, the SEC is currently evaluating another proposed rule change filed by NYSE Arca. The exchange is seeking to list and trade shares of the United States Bitcoin and Treasury Investment Trust. The proposal was first filed with the agency on June 12 and published in the Federal Register on July 1. The exchange filed Amendment No. 1 to the proposed rule change on Oct. 4, after which the SEC proceeded to solicit comments from the public. As of Oct. 10, the agency says it has received nine comments on the proposal. According to the amendment, “the trust will have no assets other than (a) bitcoin and (b) short-term U.S. Treasury securities with a maturity of less than one year (‘T-Bills’).” Further, the trust will hold U.S. dollars for short periods of time in connection with the maturity of the T-bills, the sale and purchase of the underlying assets, redemptions, if any, and expenses of the trust. Do you think the SEC will approve any bitcoin ETF proposal anytime soon? Let us know in the comments section below. Images courtesy of Shutterstock. Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here. The post SEC Wants Second Look at Bitwise Bitcoin ETF Proposal appeared first on Bitcoin News.
Bitcoin News

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.