Chinese Ponzi scheme PlusToken
a recent crypto scheme, which scammed over 200,000 BTC and 800,000 ETH.

They selling off since couple of days.

https://twitter.com/DoveyWan/status/1161686134314848256

Binance has completed its system upgrade.

Will a Recession Sink the Cryptocurrency Market?

In a tumultuous day of trading, the Dow crashed by 800 points, yesterday, as an ominous recession indicator came to life. For the first time since 2007, 10-year bond yields dipped below 2-year bond yields 😵.

For the record, every time that happened in the last 50 years, a recession followed 📉. We’re the first ones to say that past performance doesn’t indicate future results, but hey, you’ve got to admit that’s a pretty rockin’ track record.

It isn’t just the US standing on the cusp of what seems like an impending recession. Bloomberg had this to say in wrapping up the world’s financial woes:

“China reported the weakest growth in industrial output since 2002. Germany’s economy shrank as exports slumped, and euro-area production plunged the most in more than three years as the overall expansion cooled.”

So, yeah, not looking too hot out there. What does it mean for the cryptocurrency market? Yesterday, BTC dropped below $10,200 while ETH, XRP, EOS, TRX, XTZ, and several other blue chips fell off the proverbial cliff. For anyone who is keen to think that crypto markets are decoupled from traditional markets – think again 😳.

At a very fundamental level, the fortunes of all markets are tied together by whichever is the true hegemonic power. While we love crypto, it would be an outright lie for us to claim that digital assets assume more importance, economically speaking, than traditional global markets. With a total market cap that is less than Amazon’s, the cryptocurrency market pales in comparison to global stock markets, which are valued somewhere north of $60 trillion.

Bitcoin is just a drop in the bucket compared to the squidzillions at play in the bigger picture around the world. For those of you who, like us, are living and breathing crypto every day, this may be a hard fact to accept. However, being aware of it will strengthen your position and keep your hand steady. There is nothing financially worse than being caught by surprise.

BTC may act as a store of value during a recession

Bitcoin was born along with the last global recession back in 2008. Satoshi understood the ill effects of centralized finance and knew that bankers were sending the world economy straight for the dumpster.

While the Great Recession hit hard in countries around the world, BTC gained notoriety at first, and then real value right around 2013, when signs of relief from the recession first flickered. The rest of the digital asset market as we know it today emerged during a period of economic expansion and rebuilding in the US, Asia, and many European countries.

As such, the cryptocurrency market hasn’t faced a real recession, so predicting how it will react to a global economic downturn is more or less impossible. However, without recession fears at hand for last year and most of this one, altcoins have performed dismally. It’s highly doubtful that a downturn of the kind anticipated will help matters on that score.

Bitcoin, on the other hand, may perform better than expected. Safe-haven assets like gold and bonds have rallied in recent days. In 2008, the USD jumped nearly 20% against other currencies. Can Bitcoin make a safe-haven case? 🤔

Well…“Bitcoin is a remarkably stable and reliable store of value” said no one ever. With all due respect to Anthony Pompliano, it’s possible to be bullish on both Bitcoin and reality.

Look, we definitely puff puff pass the crypto hopium 🙏. But believing that people everywhere will suddenly flee for safety into an asset class based on bleeding edge tech defies reason. Then again, if Bitcoin has done anything well over the last decade, it’s defy reason.

Bitcoin’s drop yesterday was understandable. If someone says recession, everyone jumps back. The coming weeks and months will be crucial, though. Do we trend higher as hopes for the global economy sink further? That’s for time to tell.

@CoinSignals_io

BAkkt Launch - 23.09.2019

https://medium.com/bakkt-blog/cleared-to-launch-8dfc3e6f9ed0


Biggest news guys 🚀🚀.....

This might impact btc move✅

#BTCUSDC

Buy Between: 10500 - 10238

Target 1: 10631
Target 2: 10763
Target 3: 11025
Target 4: 11235
Target 5: 11550

Stoploss: 10110

Invest: 10%
Risk/Reward: 2% / 11%

Watched #Bitcoin fall from $1242 to $190 from 2013 to 2015. China banned it, the biggest exchange in the world collapsed after losing 850,000 BTC, & Mike Hearn, a Bitcoin core dev, declared it as a failure in 2015, at the bottom.

And a dip to $9500 is shaking you out?

Binance
#BTC/USDC Stoploss ⛔
Loss: 2.4978% 📉

215 to 3

There was a time when people were shilling it to death

We stopped out at 10110 just 2% stoploss. But btc bounced up from $9970. If btc 4h close above next resistance $10500 then it will Reach $10800 .

Target $10500 - $10800 - $11200

🌐 Bitcoin: 10660

🌪️ BTC Dominance: 68.4%

💰 MarketCap: 279.2 Billion

🚀 Resistance: 10900 • 11400 • 11850

💪 Support: 10599 • 10100 • 9400

📈 Longs: 80%

📉 Shorts: 20%

Team
@CoinSignals_io

$10599 Support is broken.

Along with #BTC All of Top Coins/ USDT pair ( ETH/USDT, XRP/USDT, LTC/USDT . . .) are failed to hold their support.

Next target: $10300 - $10100 - $9700 - $9400.

Boom.....

BitMEX
#XBTUSD - Unusual selling activity
175M USD in 1 minute (6%)
B: 10319.5 🔴 (1.91%)
A: 10320 🔴 (1.91%)
24H Vol: 2.98B USD
Last signal: 1 day ago (3/7D)

Binance
#STORJ/BTC Take-Profit target 1 ✅
Profit: 5.4843% 📈
Period: 2 Days 14 Hours 40 Minutes ⏰

We shared on aug 9 about dump and some recovery after that there will be more dump. playing out perfectly🤘we predict moves ahead of time.

Our midterm forecast still same. In between we just sclap btc to stack up more satoshis.

A single $BTC deposit of 5,000 BTC ($51M) was recently sent to Bitmex.

This is the 4th largest bitcoin deposit and 3rd largest USD deposit ever. It's the largest USD deposit since September 9th, 2018.

https://t.co/x7SCxcJ2il

Binance
#REN/BTC Take-Profit target 2 ✅
Profit: 4.9757% 📈
Period: 23 Hours 24 Minutes ⏰

Binance
#REN/BTC Take-Profit target 3 ✅
Profit: 9.9515% 📈
Period: 23 Hours 51 Minutes ⏰