Cryptocurrencies Market Overview - September 22, 2017 - Red Day!

Almost all cryptocurrencies in the Top 30 are on sale today! ...Buy buy buy!
5% discount on Bitcoin, 9% on Steem and 15% discount on MaidSafeCoin :-)

But remember to keep some money for the weekend. You never know if we go even lower!
And if not... Buy a beer and enjoy your weekend! :-)

A possible reason for the drop today is that JPMorgan Chief Executive Jamie Dimon has criticized bitcoin and digital currencies once again.

"Governments will close down bitcoin and cryptocurrencies if they get too big. It's creating something out of nothing that to me is worth nothing, It will end badly.", Jamie Dimon said.

No big news, just a banker. Nothing to worry about.

Here is what Western Union wrote in an internal memo back in 1876:

"This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us."

Bitcoin...

First they ignore you, then they laugh at you, then they fight you, then you win. ~ Mahatma Gandhi

24 Hour Change

A big gain for TenX today, but TenX lost a lot of value earlier this month. Month-to-date the coin is still 46% in red (see below).

7 Day Change

Month-to-Date Change

24 Hour Volume

Market Capitalization

Bitcoin 4 Hour Chart

Feel free to use and share my charts, but please mention me as the author.

Latest Crypto News - September 22, 2017

Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon

JPMorgan Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large.
_{Read more: cnbc.com}

Bitcoin Futures-Based ETF Likely to Be Approved in the U.S. Soon

Bitcoin is hot, and we may soon see a Bitcoin futures-based ETF. The VanEck Vectors Bitcoin Strategy ETF and the Winklevoss Bitcoin ETF (COIN) are vying for SEC approval.
_{Read more: thestreet.com}

Major Japanese Travel Agency Accepts Bitcoin and Offers Bitcoin-Exclusive Deals

One of Japan’s largest travel agencies, H.I.S., will start accepting bitcoin payments at some of its stores via Japan’s largest bitcoin exchange, Bitflyer. The company will also offer some bitcoin-exclusive tour packages to commemorate the event.
_{Read more: bitcoin.com}

Raiden ICO: Ethereum Scaling Solution to Launch Publicly Traded Token

To be held this October, the initial coin offering (ICO) for Raiden Network will seek to further fund the development of the payments protocol. Led by blockchain consulting firm Brainbot and its co-founder Heiko Hees, the milestone will be the latest for a project first unveiled in 2015 as a way to increase transaction capacity on the world's second-largest blockchain.
_{Read more: coindesk.com}

Bitcoin Developers Reveal Roadmap for 'Dandelion' Privacy Project

The developers behind a bitcoin privacy solution called Dandelion have unveiled a new roadmap that addresses previously discovered code issues.

_{Read more: coindesk.com}

Bitcoin Cash Price Drops by Nearly 12% Overnight

With the Bitcoin price still stuck in a bearish trend, other cryptocurrencies are suffering as well. Bitcoin Cash is one of the few currencies effectively losing over 11% in value over the past 24 hours. That is not a positive sign, especially not when considering how BCH was getting pumped earlier this week. Then again, anyone could see that pump cycle would come to an abrupt end at some point.
_{Read more: themerkle.com}

Bitcoin Price Continues Downward Momentum Toward $3,500

Even though there is no real reason for the Bitcoin price to go down right now, we see a lot of sell pressure. More specifically, the BTC price has dipped by another 5.39% overnight and is now effectively heading toward the $3,500 mark once again. This is not a positive sign, yet it remains to be seen how things will play out in the next few days.
_{Read more: themerkle.com}

Mastercard Hints at Plans for Blockchain Settlement System

Mastercard may be looking to integrate blockchain into its payments infrastructure. The U.S. Patent and Trademark Office (USPTO) published a new application from the financial giant this week that outlines a solution for a "uniform settlement system" – one that would help ease some of the friction involved with business-to-business payments.
_{Read more: coindesk.com}

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