A recent Binance report is in the altcoin news on our website, showing that less than a tenth of the global cryptocurrency market is owned by institutional investors. Initially published by Binance Research, the report alleges that less than 7 percent of all cryptocurrencies are bought and owned by institutional investors.
The anticipation of an influx of institutional capital in the cryptocurrency sphere is a long topic of discussion and a possible catalyst for upward price movements. The report which was carried out by the market analysis branch of the world’s largest cryptocurrency exchange by volume revealed that there is a lot of room for growth for institutional investments in cryptocurrency than most would think.
The ownership of institutional capital has been a topic in the latest cryptocurrency news and posted by many best cryptocurrency news sites. However, the Binance report proves that the amount of institutional cash in crypto is only one-third of the amount in traditional stock markets.
— Binance (@binance) April 13, 2019
Another excerpt from the report shows the following:
“High correlation suggests that market sentiment has already found a local maximum during that period, and a trend reversal may possibly ensue. Having emerged from a period of the highest internal correlations in crypto history, the data may support the notion that the cryptomarket has already bottomed out.”
The Binance report also reveals major insights into behaviours of many participants and indicators in the crypto asset market – as well as how different they are from the characteristics seen in other major markets around the world.
Since high correlation among crypto asses can be summed up with the “if you can’t beat them – join them” mentality, excess returns denominated in USD would become harder to capture, showing that it may become easier for market participants to ride the market waves, the report notes.
Binance and the latest altcoin news are making most of the topics on our website this Monday.
LTC Price Can’t Keep The Pace Any Longer: Crypto Analyst
“We have seen a downward wedge forming over the last week or so. We look for potential breakdown of that $75 near-term support.”While the analysis from Donovan suggests that traders might want to take advantage of the short-term profits, the litecoin price breakdown does not mean that the altcoin will be weak in the long-term. It only shows that the LTC price will be up for a healthy retracement since its value surged by more than 350 percent after the bear market low at $22. Donovan continued:
“LTC has rallied from the lows of last December from ~$22 roughly 350%. A short-term retracement would not at all be unlikely NOR would it be a bad sign for the token. Healthy pullbacks can and should occur in an asset that rallies this hard, this fast.”However, as some of the best cryptocurrency news sites show, not all analysts are convinced that the litecoin support level will reach a breakdown point. The Rhythm Trader posted on Twitter explaining a more bullish scenario. He stated that if the volume is rushed to defending the support level, the LTC price could reach a triple-digit territory:
“If $LTC shows a little volume here, this could get really interesting with a break of $100 quick if this support holds.”
Tezos Price Rises By 10% Reaching A New Five-Month High
“France has some nuggets on the entire value chain of new services to companies, hardware, and protocols. I am thinking in particular of Tezos and which allows the development of a blockchain protocol overcoming the known defects of public blockchains.”The Tezos price was already improving after the partnership with Coinbase crypto exchange. Both of the companies now allow institutional investors to ear passive rewards. San Francisco-based Coinbase even promised up to 6.6 percent yearly returns to the investors.
Notre Dame Reconstruction Powered By Crypto Fundraising Campaign
“Notre Dame is one of the world’s great treasures, and we’re thinking of the people of France in your time of grief. It’s in our nature to mourn when we see history lost — but it’s also in our nature to rebuild for tomorrow, as strong as we can.”The president of the European Council Donald Tusk also stated about the cathedral fire:
“I’d like to say words of comfort and solidarity with the French nation, also as citizen of Gdańsk, 90% destroyed and burnt, later rebuilt. You will also rebuild your cathedral! From Strasbourg, French capital of the EU, I call on all 28 States to take part in this task.”The news about the Notre Dame reconstruction reached all of the best cryptocurrency news sites where it can be seen that people around the world are willing to help. Popular singers, actors, and politicians joined the bandwagon.
CoinMarketCap Crypto App Is Live, Offering A Lot Of Added Features
“We believe that our users will like the new style and the features we’ve added to these apps, and we’ll continue to update the app regularly based on the feedback we receive.”The new CoinMarketCap crypto app will prompt users to sign up for an account on the app in order to save their portfolios and/or watchlists. The company also said that it plans to allow app accounts to be directly synced with the website at some point in the future. Meanwhile, the app also features a section for crypto "gainers" and "losers" as well as industry news. All of the data, as the firm unveiled, is made available through the API product which the firm uses - and was launched last August. Aside from the CoinMarketCap crypto app, the company made the cryptocurrency news section lately for launching two benchmark indices that cover the top 200 cryptocurrencies by market capitalization. One of them was with Bitcoin (BTC) in it and the other without - shared on financial data feeds from Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and Germany’s Börse Stuttgart, as well as on its own platform. The app is already launched for iOS (since May 2018) but is getting a revamp now, along with the Android CoinMarketCap crypto app. All of the work is developed from the blockchain analytics startup Flipside.
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- Gemini Crypto Exchange Includes SegWit Support To Its Updated Wallet
- Tezos Price Rises By 10% Reaching A New Five-Month High
- Notre Dame Reconstruction Powered By Crypto Fundraising Campaign
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