Crypto News of the day 4/9 | Bitcoin shortly below $ 10,000, crypto markets continue to fall • and other articles

Welcome to crypto news of the day 4/9. We have prepared for you an overview of the most important things that happened during the last day in the cryptoworld and crypto market.

Markets

Today, crypto markets continue to fall sharply, copying stock market developments. The price of bitcoins (BTC) has dropped below $ 10,000 for the first time since the end of July. In the last three days, however, sellers refused $ 12,000 and took over the market. Bitcoin even sold for a short time for $ 9,990 – after seven weeks of price action over $ 10,000. Despite the fact that buyers are rapidly pushing prices back to five-digit values, many traders expect prices to fall further to fill the latest “CME gap” to $ 9,700. The legendary CME gap occurs when markets move aggressively outside the trading hours in which bitcoin futures markets trade on the Chicago Stock Exchange, resulting in a price gap in the charts.

After a long time, the stock markets went through a significant sale yesterday. In the United States alone, the Dow Jones and S & P500 fell 2.78% and 3.51%, respectively, while the Nasdaq wrote off 4.96%, equivalent to more than $ 730 billion. The technology sector was the main driver of sales yesterday, which yesterday otherwise mainly concerned American stocks. Although Europe was also declining, sales were significantly lower. Nervousness prevails in the markets even today, when futures on US and European indices remain in the red.

You can monitor the current prices of cryptocurrencies here.

Last crypto news of the day (3.9.) here.

Cryptocurrencies

Peter Brandt sold most of the shares and Bitcoin and moved to the USD

A veteran technical trader who is known in cryptocurrencies for accurately predicting the historic collapse of bitcoins in 2018, says he has just left the crypto market. Peter Brandt, CEO of Factor LLC, a global trading company, tweeted that he was selling most of his portfolio in equities, the foreign exchange market and BTC to move to the US dollar.

Crypto Exchanges, Banks, Companies

BitMEX adds Chainlink and Tezos

BitMEX cryptocurrency futures exchange will list two new altcoins in the coming weeks. These are Oracle Chainlink (LINK) and Tezos (XTZ) tokens. LINK will be the first DeFi-related contract available on the BitMEX platform and, together with XTZ, represents two of the most important altcoins with the highest market capitalization, BitMEX said in its announcement.

BitHumb crypto exchange was found partially responsible for the hack in 2017

A Seoul Central District Court judge has dismissed two lawsuits filed by individuals against the controversial Bithumb crypto exchange. Individuals claimed $ 126,000 and $ 38,000 in damages related to a data breach incident back in 2017. According to Fn News, Hong and Seo claimants said they lost money due to a phishing attack using private data extracted by a hack from Bithumb. A third plaintiff, Yang, was provided with $ 5,000 to cover his total loss.

BoE: Cryptocurrencies are unstable and unsuitable as a means of payment

In a panel discussion with the Governor of the Bank of England, Governor Andrew Bailey stated that stablecoins, bitcoins and other cryptocurrencies are difficult for the public and unsuitable for traditional payments because he believes that most retailers still do not understand how to use digital currencies. According to Bailey: If stablecoins are to be widely used as a means of payment, they must have equivalent standards to those available today for other forms of payment and the forms of money transferred through them.

Blockchain, Technology

All fintech companies will use a blockchain within 10 years

The Australian Government’s Committee on Financial and Regulatory Technologies has published a report citing blockchain technology more than 50 times. The report responds to Australia’s first recession in 30 years as a result of COVID-19. There are dozens of references to blockchain technology, and the report states that the potential of blockchain is “estimated at $ 175 billion annually over five years and $ 3 trillion by 2030”. Blockchain use cases will grow exponentially across the financial and regulatory sectors: Most fintech and regtech projects will either build primarily on distributed ledger technology or blockchain over the next 10 years.

Thank you for your time a reading crypto news of the day 4/9