BitDigest October 16 · Issue #764

Oct 16, 2020
  • Crypto prices falling on news that crypto exchange OKEx has halted user withdrawals – BTC dominance hits multi-week high
  • The White House defines blockchain as a “critical and emerging” technology
  • Bahamas expects next week’s release of digital sand dollar will become a global traded currency
BitDigest October 16 · Issue #764
BitDigest October 16 · Issue #764

The Headlines

Thoughts on the Ecosystem

Reports you may have missed

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -1.24% falling to $60k and ETH 1.61% approaching the low $2,300s. Aptos (APT N/A% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -3.61% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -1.24% climbing back above $61,000 and SOL 0.87% moving above $145, while ETH 1.61% is lagging, trading around $2,400. Among today's outperformers is SUI -2.68% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

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