Altcoins, Bitcoin, Still with no Buyers in Hand

During the last 24 hours, cryptocurrencies continued retracing and presenting modest losses, buyers lacking the volume to push them further up. Bitcoin (-1.26%), Ethereum (-1.86%), Ripple ( -1.15%), Bitcoin Cash (-0.97%), Bitcoin SV (-4%) denote the kind of descents that happened. Neo (+5.21%) continued its ascents, followed by Ontology (+5.26%) and VET(+5.76%) and, notably, XAS (+18%) and IRIS (15%). Among Ethereum Tokens, MOF jumped 62.12%, followed by Numeraire – NMR (65%), IOST(17.49%), and OCEAN( 16%).

Heat Map

The Crypto market cap descended 2.51% to $245.56 billion on a 17% less traded volume ($35.682 billion) in the last 24 hours. Bitcoin dominance is currently 67.39%.

 

Hot news

 On 31 October 2008, Satoshi Nakamoto released its Bitcoin paper. Bitcoin’s ideas of a new financial system with no central authorities and everyone being his own bank led to the creation of a whole new industry.

The publicity department of the Central Committee of China’s Communist party has released a set of 25 educational videos on Bitcoin, Ethereum, and Blockchain technology.

A bitcoin fund offered by3iQ Corp. has been approved by the Ontario Securities Commission (OSC).  The Bitcoin Fund is a closed-ended product and will be included in the Canadian Stock Exchange.

Binance US exchange will include NEO and Cosmos (ATOM). Neo is a decentralized and open-source blockchain application platform, becoming the first blockchain member to be added to Microsoft’s .NET Foundation. The Cosmos blockchain platform acts as an arbitrator between different blockchain networks.

 

Technical Analysis

Bitcoin

Bitcoin Daily

On its daily chart, we can see that Bitcoin is approaching its +1SD Bollinger line and is mostly out of the oversold region. The price is held by its 200-day SMA,  and the MACD is healthy bullish. Therefore we see its daily outlook quite bullish.

The 4H chart shows the price moves between 0.38% and 0.5% retracement levels, with its volume descending. Thus,…

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