📈 MarketCap: $187 B
📊 24h Mcap %: -6.95%
⚠️ Bitcoin Dom: 65.5%
📌 Active Coins: 2,463
📍 24h Vol %: 8.07%
💲 24h Vol: $63 B
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2. John Carvalho, COO of Bitrefill, discussed the real solution to evade high fees of Bitcoin is Lightning, adding that if there would be another fee spike or massive wave of adoption, the company would have “alternative ways for customers to pay in Bitcoin. He said, “things as using Lighting as part of what we believe is helping to build out the infrastructure for a circular economy for Bitcoin. If you want merchants, and people doing business b2b and b2c, you need to have some features that lightning provides like high-frequency, instant reception, etc”
3. A report by Binance Research highlights that institutional clients are very much interested in stablecoins. Tether is currently dominating. Dollar-pegged stablecoins are typically used as a fast and inexpensive alternative to fiat withdrawals and deposits on exchanges. Tether (USDT) is by far the most popular stablecoin among Binance’s clients. More than 40 percent of respondents indicated that they use Tether, citing the stablecoin’s high liquidity and large market cap as the reason for their preference.
4. The sudden drops in prices have been accompanied by proud declarations of Bitcoin’s death. So far, Bitcoin has apparently been on death's door (or through it) a total of 377 times. The latest is from Mark Dow, a global macro trader, author, and former policy economist at the US Treasury and IMF. But functionally, the asset remains as it has. Bitcoin’s history is littered with so-called “Bitcoin Obituaries.” There has been at least one news article published on the cryptocurrency’s demise every year since 2010.
5. Bitcoin advocate, Andreas Antonopoulos put forth his views regarding the “depressingly bad” situation in Latin America, Africa, Asia and said that the “21st century needs a 21st-century system of internet money.” Andreas said that this currency had to have the main fundamentals of being “borderless, permissionless, censorship-resistant, and immutable, and that’s Bitcoin.” He added, In the next economic collapse, Bitcoin and other digital assets will be recognized as safe havens once people realize that centralized systems will fail.
6. The total crypto market cap is down more than $25.0B and it tested the $175.0B support. Bitcoin price is now trading well below the $6,700 level, with a bearish angle. Litecoin (LTC) price is down more than 8% and it even traded below the $45.00 support. BCH price is now trading below the main $200 support area. The EOS price is down 10% and it is now approaching the $2.250 support zone. Cardano (ADA) price is under a lot of pressure and it is trading below the $0.0350 support.
7. One bitcoin is currently a bit more expensive in Chile than globally according to local media. They say the dollar rate in ordinary markets is 800 Chilean Pesos (CLP) to the dollar. Their analysis of the dollar rate in bitcoin crypto exchanges and markets, however, concludes one dollar is worth 830 CLP. Indirectly this might suggest CLP’s rate has generally fallen, but it might also be specific to bitcoin perhaps because of increased demand as protests rage in Chile.
8. Asian nations are wasting no time in preparing their economies for a future that involves crypto assets. Thailand’s Securities and Exchange Commission plans to amend its digital asset business regulations next year. The overall aim is to facilitate the growth of crypto assets while protecting investors from unnecessary risk. Secretary-general of the SEC, Ruenvadee Suwanmongkol, stated that they wish to study existing regulations for any stumbling blocks that may hinder digital asset businesses within the kingdom.