“October 2019 promises to be an exciting month:” Binance Research team


  • Bitcoin and other cryptocurrency hit the road to the north after striking short-term bottoms.
  • Some of the exciting things Binance Research team is looking forward to is the Telegram Network launch and growth in Bitcoin dominance.

The month of September was a pain to many cryptocurrency investors. The launch of physically settled Bitcoin futures did little to correct the month-long downtrend. As report reported, some experts say Bakkt's slow start could have triggered the selloff that appears to have found a bottom across the board.

The live cryptocurrency rates by FXStreet shows a market that is largely in a bullish mode. The largest crypto, Bitcoin is up a subtle 1.13%. The leading altcoins made impressive gains during the Asian trading hours on Tuesday, however, the bears seem to be taking back control in the course of the European session. Among the cryptos leading in Tuesday’s recovery are IOTA, NEO, Bitcoin Gold and EOS.

The Binance Research team, however, believe that we have to the end of the downtrend and October is going be an exciting month for the crypto market.

“October 2019 promises to be an exciting month with many questions waiting to be answered. Will gas fees on Ethereum keep increasing? Will the Telegram Open Network launch? Where will the Bitcoin dominance head to?”

Binance is not slowing down the development of its existing products and introduction of new services such as the Bitcoin futures platform. Moreover, Binance US branch launched in September to serve most of the states in the country. In addition, as from tomorrow Binance crypto lending platform is introducing a 14-day fixed term on the product that now supports eight cryptocurrencies.

 

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Ethereum price breaks $600 in anticipation of ETH 2.0’s launch in December

Ethereum is currently trading at $601 after finally breaking the psychological barrier at $600 for the first time in two years. At the time of writing, around 305,920 ETH has been staked in the Eth2 deposit contract, representing 58% of what's needed for the contract to launch. 

More Ethereum News

Overhyped Linkswap launch sends YFI and LINK soaring

Linkswap, a platform for automated market-making, has not been even launched, but its proprietary token YF Link (YFL) jumped by over 30% in the past 24 hours. At the time of writing, YFL is changing hands at $1,030.

More Chainlink News

OKEX withdrawals to trigger a massive volatility spike on the cryptocurrency market

OKEx, one of the world's largest cryptocurrency exchanges, is ready to unlock a cryptocurrency withdrawal functionality on November 27. The trading platform users had to wait over a month until the company settled its legal issues and the Chinese police released one of its co-founders and a private key holder. 

More Cryptocurrencies News

Bitcoin final leg to $20,000 lingers, as crypto bull cycle rockets

Cryptocurrencies across the board had a memorable weekend session, with most of them rallying to new yearly highs. Ethereum, for instance, hit highs of $585 for the first time since 2018. On the other hand, Ripple brushed shoulders with $0.5.

More Bitcoin News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: BTC makes new yearly highs while its network activity looks worrisome

Bitcoin has lived through the best week since February 2018. The pioneer digital currency price gained over $2,000 in less than seven days. The bullish momentum allowed it to reach a new multi-year high of nearly $18,800, marking November 2020 one of the strongest bullish months ever. 

Read the weekly forecast

BTC

ETH

XRP