Here's what you need to know on Tuesday: 

Markets: 

- The main actors of the crypto board continue to express the lack of trend force that began on Monday. Cardano stands out today with a rise of 2.15% against the US dollar.

- STORM is storming higher, with a gain of 13%  against Bitcoin in an accumulated gain. Momentum is set to continue – at least in the short term – amid the bullish crossing of the fast averages.

- Ethereum edges up against Bitcoin (0.12%) and is already up a whopping 39% since September's lows.


Chart of the day:

EOS/USD

Industry: 

- BAKKT, the cryptocurrencies venture of International Exchange (IEX), expands its business and will launch an institutional cryptocurrencies custody platform

- Alibaba, in partnership with Lolli, a New York-based Bitcoin app, has enabled a  cashback program designed for US online shoppers on November 11.

- Patrick Collison, CEO of the Stripe collection tool, has expressed doubts about the long-term viability of cryptocurrencies: "I'm very skeptical of anyone who's adamant that crypto's gonna work.”

Regulation: 

- Chinese authorities have stated that they intend to respect the demands of the population to be able to maintain anonymity in the use of the future official digital currency. Mu Changchun, head of the Digital Currency Research Institute of the People's Bank of China:

We know the demand from the general public is to keep anonymity by using paper money and coins ... we will give those people who demand their anonymity in their transactions.

 Quote of the day: 

Alan Greenspan, former Fed Chairman for five consecutive terms from 1987 to 2006, thinks that there is no point for central banks to launch their digital currencies.

"There's no point for them to do it."

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD weekend action brushes shoulders with $7,600

Cryptocurrencies stagnated within familiar levels over the weekend. Bitcoin action impressively jumped above the resistance levels at $7,400 and $7,500. The upward leg jumped above $7,600 before forming a high at $7,638.

More Bitcoin News

Ripple Price Analysis: XRP/USD gazes on a risky triangle breakdown

Ripple is ranged confined between $0.21 and $0.2336. The recovery from the low in November around $0.22 lost steam short of $0.24. On the flipside, $0.21 is standing out a formidable support area.

More Ripple News

LTC/USD price halved afte halving, hash rate dropped by 70%

Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $2.9 billion, has been one os the worst-performing coins of the month out of top-20.

More Litecoin News

Bitcoin Cash Price Analysis: BCH/USD marinates the next rally targeting $300

Bitcoin Cash is turning bullish amid expanding volatility. The general trend is the market sideways. Trading activity over the weekend remained drab. BCH/USD bulls tried to push for recovery towards $220 but stalled at $216.

More Bitcoin Cash News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast

BTC

ETH

XRP