Alt-Coins Lead Sudden Collapse In Cryptos, Bitcoin Battered Below $10k | Crypto Craft

  • Alt-Coins Lead Sudden Collapse In Cryptos, Bitcoin Battered Below $10k

    From zerohedge.com

    On the same day as The Chicago Mercantile Exchange Group’s Bitcoin futures saw an average daily volume of $515 million in May 2019, non-Bitcoin cryptos have just suddenly collapsed. CoinTelegraph reports that the CME Group’s Bitcoin futures are seeing new records in trading activity. CME Group’s managing director Tim McCourt said that in May, Bitcoin futures were, “trading an average of more than 13,600 contracts each day, equal to ~$515 million in notional value or 68K equivalent bitcoins.” Record trading volumes McCourt also noted that, on May 13, Bitcoin traded a record daily volume of 33,677 contracts, ... (full story)

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Hasher
Aug 28, 2019 1:27pm
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Well everyone was bored $10k, action is interesting regardless of direction
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MarkGman
Aug 28, 2019 1:32pm
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Caught the downward wave in a trade,but would prefer my total bitcoin value to be higher
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TudorIoan
Aug 28, 2019 11:51pm
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OMG, not again?!?
Altcoins lie... it's the whales again. They do whatever they want with the chart and they have the nerve to call Fed a manipulator!
They just took value from your hodler wallet
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g-force
Aug 28, 2019 1:52pm
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This dip feels a bit different than the previous one. I wonder if it will continue to the lower $9k range.
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