Bitcoin breaks below $8,000 as free fall continues | New Ethereum ASIC dominates GPU mining performanceBTC đ $8,108 (-5.05%) / ETH đ $165 (-3.32%) / XRP đ $0.24 (-1.94%)
Modern Monetary Theory justifies printing more money, Bitcoin is the counterargument
Mario Draghi, the outgoing president of the European Central Bank, mentioned the institution is open to Modern Monetary Theory—a fiscal and monetary framework that argues governments can keep printing money so long as inflation is in check. Bitcoin breaks below $8,000 as free fall continues
Bitcoin continues ripping through major support, breaching the $8,000-level support within the last hour. From open at $10,027 on Sep. 23, BTC has now fallen over 20 percent. Trader: bears won the short term fight for bitcoin, but what happens next?
Subsequent to the near 20 percent pullback in the bitcoin price, trader Nick Cote said that bears won the short term fight with more room for a deeper correction in the cryptocurrency market. Coincidence or correlation? US stock market plunge preceded Bitcoin's crash to $7,900
Bitcoin experienced its worst plunge since January 2018, dropping as much as 18 percent on Sept. 24. The drop came shortly after the U.S. stock market experienced a similar crash, which led many to question whether Bitcoin was truly a "safe haven" asset. New Ethereum ASIC dominates GPU mining performance
Canaan unveiled a new Ethereum ASIC that's more than 5-times more efficient than commercially available GPUs. This doesn't bode well for small-scale miners and threatens to potentially increase centralization of the network. London becomes world's top fintech city by number of deals closed, beats New York and San Francisco
London has beaten New York to become the world's most active fintech hub by the number of fundraising deals in 2019, collecting $2.1 billion in funding from 114 deals in the first eight months of the year, CNBC reported. ICYMIđť Bitcoin filled a bearish gap on CME futures and now a bullish one awaits to get filled đŻ Tether becomes 4th largest crypto, demonstrating intensity of market blood bath đ MakerDAO service DeFi Saver CDP liquidation protection slips as ETH price crashes Featured blockchain companies Thanks to the following companies for their support: đ MXC - MXC Exchange is an exchange platform focusing on cryptocurrency assets, founded by some senior practitioner in blockchain industry and specialists from Wall Street, Japan, and Europe. Learn more ⛓ OAS CHAIN - OAS CHAIN is focused on developing special gateways for cryptocurrencies for safe payment, IoT security, and hosting private blockchains. OAS CHAIN has patents to IoT security, private hosting, and payment gateway. Learn more đą Vitae - Vitae.co is a social media rewards website. VITAE is the utility token to enable access to the products and/or services offered by a company. Learn more đą Haven - Haven is a marketplace, social, private chat and a powerful cryptocurrency multi-wallet all in one place. Learn more Want to be featured here? Contact us to learn more. Crypto market dataFor more pertinent market data, please see: đ Biggest Losers - 24h đ° Highest Volume - 24h đ Recently Added Coins ⚡️ CryptoSlate ResearchCryptoSlate Research is an exclusive, premium newsletter that delivers thoroughly researched, long-form analysis from cryptocurrency and blockchain experts. Connect with usTelegram • Twitter • Facebook • LinkedIn • YouTube • Instagram đĽ Interested in sponsoring this newsletter? Contact us. Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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