NEWSBTC: Crypto Week in Review : Bitcoin Gains Below Ichimoku, Coinbase Kills Index Fund, Adds 0x
It’s Invest Diva's Kiana Danial https://www.investdiva.com/ with News BTC and here’s a summary of what’s been going on in the cryptocurrency market in the past few days. Bitcoin has been trying to erase last Thursday’s sharp drop one step at a time, gaining around 1% per day in the past few days. But looking at BTC/USD daily chart, the price remains beautifully under the Ichimoku cloud, while being supported by the $6,000 psychological level. The future cloud remains bearish, signaling we could still see further drops in Bitcoin price. Looking at some headlines in the industry, San Fransisco-based exchange, Coinbase confirmed its shutting down its new crypto index fund due to lack of industrial interest. Instead, it’s shifting its focus to a new retail product. On the other hand, the exchange added a new cryptocurrency, 0x (ZRX) to its trading platform on Thursday, in addition to the existing cryptos including Bitcoin, Bitcoin cash, Ethereum, Ethereum Classic, and Litecoin. Meanwhile, Malta-based exchange, Binance decided to delist 4 cryptocurrencies, including Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN), and Triggers (TRIG). Customers have until Nov. 12 to withdraw these coins and tokens from the crypto exchange. The week ahead may bring more volatility to the cryptocurrency market, so plan in advance, invest responsibly, and subscribe for more updates.
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