Goldman Drops Plans for Crypto Trading Desk

Bitcoin Bitcoin Finds Momentum at $7,400 Traders Show Big Optimism Toward Tokens Cole Petersen

Bitcoin Bitcoin Finds Momentum at $7,400 Traders Show Big Optimism Toward Tokens Cole Petersen

The hourly dip has lowered the top 100 crypto coins to result in red areas.

The bank makes markets in futures and other contacts that rise and fall based on bitcoin's price but don't require actually owning cryptocurrency.

Bitcoin prices surged in 2017, with the cryptocurrency setting a record high just short of $20,000 in December.

Bitcoin fell further in today's early trading, with its price dropping to an intraday low of $6,404.72. This project would involve Goldman's holding a large supply of digital currency and, potentially, tracking price changes for significant clients. Many coins are in the same boat as ETH, or worse.

Stratis (STRAT) is now trading at $1.58 against the dollar, a -10.23 percent change in the last 24 hours.

Alibaba co-founder Jack Ma to retire from company
Ma's retirement makes him one of the first founders of a generation of Chinese internet entrepreneurs to step down. Ma is among China's richest men with a net worth estimated by Forbes at $38.6 billion.

Clearly, the market still respects Goldman Sachs outlook on the crypto market. It seems like more lows are coming in its way as it sets the price of $222 billion which is lower than yesterday's $240 billion high.

"ETFs are much better understood across the investment world than cryptocurrencies, even as digital coins and tokens have become increasingly popular in recent years". The position of bitcoin performs in equivalent to the effects in the market. The Bitcoin price for BCN is now 0.00000033 BTC.

OmiseGO (OMG) is now trading at $3.82 against the dollar, a -9.30 percent change in the last 24 hours.

BTC/USD is now ranging after the heavy selling pressure, nothing out of the normal with this current price behaviour.

Right in line with the post-Labor Day Weekend tech sell-off occurring in the stock market, Bitcoin's price has also dropped the last 24 hours as the digital currency has lost over 12% of its value.

Apple mulls naming new model ‘iPhone XS MAX’
It has been rumoured the hardware will feature a single camera sensor on its rear and come with an LCD panel instead of an OLED. The 6.5-inch model will reportedly be called the iPhone XS Max , as Apple drops the "Plus" moniker from the devices.

Major cryptocurrencies plunged on the news.

Bytecoin (BCN) is now trading at $0.00 against the dollar, a -13.12 percent change in the last 24 hours.

EOS (EOS) is now trading at $5.10 against the dollar, a -11.59 percent change in the last 24 hours.

Alex Kruger, a business analyst and a crypto trader, expressed not long ago that Bithumb, South Korea's second biggest digital currency trade behind Kakao-run UPbit, said that more than $250 million worth of phony volume was made since August 25.

Of the people who believe that cryptocurrencies will become widely accepted, over one-third (36%) say they would be interested in converting to primarily using a cryptocurrency rather than the United States dollar.

Rapper Mac Miller dies in Los Angeles at age 26
Miller had just been preparing to embark on a USA tour after releasing his most recent album, Swimming , on August 3. Several months ago, Miller wrecked his auto , and he was also arrested for a DUI and hit and run.

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