1: Bitcoin Update:
At the moment we have some bearish movements, daily candles are bearish and showing huge resistance now! ☹
We must not get stuck in any trade and try to move with the market!
There are chances now to go down around 7500$ and it must not break the 7500$ level support which is very important!
We must look at the technical aspects and we will see the volume as well whether it will continue uptrend or not! We have some time to determine this!
There are some FUDs again in the market but not confirmed yet!
The SEC ETF proposal already delayed till September so it can't be rejected or accepted anytime soon
2: FUD Which Spreading Now Days
SEC 2nd time rejected Winklevoss twins Bitcoin ETF this is not mean SEC declined ETF. The real deal is CBOE ETF because they will provide insurance for their customers SEC do not want to market manipulation from small firms so don't panic because of Winklevoss etf thing rejection. Today CME futures contract expiry settlement date 1st of August CME expiry always a new wave of change.
3: The Future of the Altcoins Futures according to CME
Chicago Mercantile Exchange (CME), one of the world's largest exchanges, launched Bitcoin Futures trading on December 17 , a week after the introduction of Bitcoin Futures by its main competitor Chicago Board Options Exchange (CBOE).
CEO Terry Duffy revealed in an interview with Bloomberg that CME will not introduce futures on cryptocurrencies other than Bitcoin in the near future. Indeed, these are very volatile and new, and the company can't just list products for trading in order just to see what will happen.
Duffy also said that the company should first evaluate and develop an approach for Bitcoin - Bitcoin Futures "could have been the most controversial product launch".
CBOE's Director of Product Development, Dennis O'Callahan, revealed in an interview with Cointelegraph that they are definitely monitoring the other markets" to ensure that the infrastructure and everything is in place in case we want to pursue other cryptocurrencies.
4: ADA, TRX & XRP
Cardano, Tron and XRP are the only coins in TOP 10 that have a working team and partneships in works. While Stellar is a good money maker, it will not perform better. Just for the record, some of our analysts are in Stellar, so do not look at this statement as being biased… just based on facts which are available to us today.
5 : Charles Hoskinson Reveals Big Plans for Cardano (ADA)
A recent session with EMURGO, Cardano’s incubator for blockchain startups, has allowed ADA’s co-founder to reveal big plans for the coin’s future. Charles Hoskinson stated that he hopes to see Cardano become the first trillion dollar crypto.
Hoskinson hopes ADA will become a trillion dollar economy
Charles Hoskinson, the co-founder of Cardano (ADA) and Ethereum (ETH) before that, has always been known for ambitious plans and statements. He continues to shock the crypto community with various claims, like when he said that Wall Street will bring trillions of dollars to cryptocurrencies. His crypto enthusiasm is also apparent in a statement that cryptos are the greatest invention within the previous 500-1000 years.
Read more at http://globalcoinreport.com/charles-hoskinson-reveals-big-plans-for-cardano-ada/
