DAILY CRYPTOS ESPRESSO – 06 Jul 2019

Bitcoin keeps position around $ 11,500 and its network activity is at an all-time high. Yet a major investor warns that it might be on the verge of a downturn which could go as low as $ 5,000. Ether defends its position as the leader of Altcoins, while Stellar has been decreasing in value since the beginning of the year. The IRS, pushed by the US Congress, is considering a revision of its guidance on cryptocurrencies which are currently taxed as any other type of asset.

Cryptocurrencies & Markets

  • Bitcoin Approaches $11,500 as Top Cryptos See Gains

    CoinTelegraph    
    06 July 2019

    Most of the top 20 cryptocurrencies had moderate gains at the end of the week, with Bitcoin (BTC) hovering just under $11,500. Ether (ETH) is still the largest altcoin, with a current market capitalization of $31.1 billion. The second-largest altcoin is Ripple’s XRP with a market cap of $16.8 billion.

  • Bitcoin Price Set for 2020 Halving Breakout: Mining and Network Activity at ATH

    Bitcoinist    
    06 July 2019

    Most of the top 20 cryptocurrencies had moderate gains at the end of the week, with Bitcoin (BTC) hovering just under $11,500. Ether (ETH) is still the largest altcoin, with a current market capitalization of $31.1 billion. The second-largest altcoin is Ripple’s XRP with a market cap of $16.8 billion.

  • Crypto Analyst Warns Bitcoin Drop to $5,000 in Play – BTC, Ethereum, XRP, Litecoin Forecasts

    The Daily Hodl    
    06 July 2019

    Tone Vays is a veteran derivatives trader and analyst. He believes that Bitcoin’s recent failure to push past $12,500 indicates a major decrease in value. He might be a buyer at $9,000, but warns Bitcoin could go as low as $5,000. 

  • Less Than Stellar: Why XLM Is Plunging While Bitcoin Booms

    CCN    
    06 July 2019

    Stellar (XLM) is the only cryptocurrency that did not increase in price since the beginning of the year. Stellar In the final six months of 2018, Stellar regularly outperformed the rest of the crypto market. Since January 2019, Stellar has plunged 69% against Bitcoin. 

  • Exchanges, Trading & Payment Platforms

  • New Bitcoin Tax Rules To Boost Crypto Market Growth

    Bitcoinist    
    06 July 2019

    Within weeks, The Internal Revenue Service (IRS) might update its guidance on Bitcoin tax treatment. Under pressure from members of the US Congress, the IRS is expected to change its stance on cryptocurrencies. Presently, Bitcoin and other crypto assets are considered an asset or property. This has tax ramifications that are not shared by fiat currencies. The situation is about to change. 

  • Banks, Financial Institutions & Stablecoins

  • Scams, Frauds, Hacks & Law Enforcement

  • Blockchain & Crypto Applications