CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin For Beginners
    • Bitcoin & Crypto Guides 101
  • IEO & ICO List
    • IEO & ICO List
    • Token Sale Evaluations
    • Airdrops
  • Fund
  • Buy
  • Language
    • עברית
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • The ICO & IEO List
  • CryptoPotato Crypto Fund
  • Airdrops
  • Ethereum Price Analysis
  • Ripple Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • עברית
  • bitcoin
    BTC$7,339.33
  • ethereum
    ETH$147.38
  • bitcoin
    BTC$7,339.33-2.48%
  • ethereum
    ETH$147.38-2.22%
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Crypto Market Update Mar.5: Coinbase Scandals, BNB Breaks Records, and Bitcoin At Starbucks?
    Home » Market Updates » Crypto Market Update Mar.5: Coinbase Scandals, BNB Breaks Records, and Bitcoin At Starbucks?

    Crypto Market Update Mar.5: Coinbase Scandals, BNB Breaks Records, and Bitcoin At Starbucks?

    Author: Jonathan Berger Updated Aug 26, 2019 @ 11:31

    This week the market calmed down slightly after last week’s volatility. The market continues, as usual, to keep track of the Bitcoin price which is in a slight downtrend, giving the alternative currencies time to correct.

    However, not all the Alt’s are affected in the same way, and BNB continues to climb in complete disregard of market patterns, apparently as a result of the Binance Launchpad, which continues to generate headlines and ICOs, with another one already in the barrel.

    Ravencoin also rose sharply, and other cryptos showed volatility that we have not seen in the market in the last year. 2019 is beginning with an optimistic tone and it seems that money is beginning to flow back into the market, although one should be very careful because it is a known practice in the capital markets to enter positions at the beginning of the year and that may be what builds the support, but it might not be enough to keep Bitcoin price above $3,000. In terms of trading, one can see a pattern of recovery that is beginning to lighten and an influx of money going towards inferior Alt’s in what seems like the famous Pump & Dump scene that always finds new victims.

    Another important figure to note is the trading volume, which ended February as the largest volume since February last year. However, it is too early to say that this is a true gospel and the market is still post-traumatic.

    A new information leak revealed that Starbucks had received a significant share of Bakkt’s futures platforms, in exchange for using its software to enable crypto payments at Starbucks.

    Bitcoin transcends geopolitical disputes and notes a symbolic peace gesture between Israel and Iran from which was sent the “Lightning Torch” that once again demonstrates unlimited technological ability with no bureaucratic or political barriers.

    Market Data

    Market Cap: $130.7 B
    24h Vol: $30.5 B
    BTC Dominance: 51.9%
    BTC: $3,861 %0.3
    ETH: $134.2 %2.4
    XRP: $0.31 %2.1
    BTC Shorts (BFX): 17.6 K BTC
    BTC Longs (BFX): 23.9 K BTC

    Crypto News

    Market-Update19-min V2

    Coinbase Executive: Our Client Data Was Sold By Third-Party Providers. The exchange’s Director of Institutional sales, Christian Sandler, explained that the reason for acquiring Neutrino was because their former tracking providers betrayed their trust by selling customers data.

    Tether to Launch New Version of USDT Stablecoin on Tron Blockchain. Controversial stablecoin, Tether has announced a partnership with Justin Sun’s TRON project to integrate the USDT to the Tron Blockchain in Q2 of this year.

    Major US Retailer ditches Visa – now considering Bitcoin’s Lightning Network. Kroger’s CFO, Mike Schlotman recently commented on Visa’s excessive fee charges and will now consider switching to Bitcoin’s Lightning Network following Anthony Pompliano’s recommendations.

    Bitcoin Surpasses PayPal in Yearly Transaction Volume at $1.3 Trillion. Diar reports that Bitcoin significantly outstrips Paypal’s yearly transaction because it is easier to use and offers a cheaper means of transferring funds.

    New Zealand Bitcoin Exchange Cryptopia to Reopen after $16 Million Breach. After losing some of its funds to hackers, the exchange says it is already re-strategizing measures for securing users’ wallet individually on their new server and could reopen in the coming days.

    What Do Wyoming’s 13 New Blockchain Laws Mean? Wyoming is now the only U.S state with comprehensive and new blockchain laws targeted at institutional investors. Find out what else the new regulations will bring.

    Charts

    This week we have chart analysis of Bitcoin, Ethereum, Ripple, Stellar and Dogecoin– Read more here.

    Click here to start trading on BitMEX exchange and receive 10% discount on fees for 6 months.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Technical analysis tools by Coinigy.

    You might also like:

    Ukraine Set To Legalize Cryptocurrencies As Means Of Payment And Investment

    Ukraine Set To Legalize Cryptocurrencies As Means Of Payment And Investment

    Crypto Community Crowns Tezos (XTZ) As The New ‘Ethereum of 2017’

    Crypto Community Crowns Tezos (XTZ) As The New ‘Ethereum of 2017’

    Ripple Price Analysis: XRP Goes Back Up To $0.23, Can Christmas Come Earlier?

    Ripple Price Analysis: XRP Goes Back Up To $0.23, Can Christmas Come Earlier?

    Bakkt Launches The First CFTC-Regulated Option on Bitcoin And Cash-Settled Futures

    Bakkt Launches The First CFTC-Regulated Option on Bitcoin And Cash-Settled Futures

    Ethereum Price Analysis: ETH Claims $150 But Can It Go Any Higher?

    Ethereum Price Analysis: ETH Claims $150 But Can It Go Any Higher?

    Bitcoin Trading Volume in Argentina Hits New ATH As The President-Elect Announced New Cabinet

    Bitcoin Trading Volume in Argentina Hits New ATH As The President-Elect Announced New Cabinet

    The US IRS Wants To Know How You Got Your Bitcoin

    The US IRS Wants To Know How You Got Your Bitcoin

    Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

    Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

    As New Week Starts, Bitcoin Price Is About To Take a Critical Decision (BTC Analysis & Overview)

    As New Week Starts, Bitcoin Price Is About To Take a Critical Decision (BTC Analysis & Overview)

    What Are Bitcoin Price Gaps? How Can They Affect The Price?

    What Are Bitcoin Price Gaps? How Can They Affect The Price?

    Ethereum’s Istanbul Hard Fork Is Now Live: What to Expect

    Ethereum’s Istanbul Hard Fork Is Now Live: What to Expect

    Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

    Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

    Tezos Price Analysis: XTZ Climbs To $1.40 But Can It Go Higher?

    Tezos Price Analysis: XTZ Climbs To $1.40 But Can It Go Higher?

    Bitcoin Is Ready For Another Volatile Weekend: Saturday Crypto Market Watch

    Bitcoin Is Ready For Another Volatile Weekend: Saturday Crypto Market Watch

    Weekly Market Summary: Records Are Breaking As Bitcoin Stuck Above $7000

    Weekly Market Summary: Records Are Breaking As Bitcoin Stuck Above $7000

    Crypto Price Analysis & Overview December 6th: Bitcoin, Ethereum, Ripple, Raven, and Matic

    Crypto Price Analysis & Overview December 6th: Bitcoin, Ethereum, Ripple, Raven, and Matic

    Turn Of Events: General Manager of BIS Urges Central Banks To Embrace Digital Money

    Turn Of Events: General Manager of BIS Urges Central Banks To Embrace Digital Money

    Is Binance Bidding For Lichtenstein Union Bank? Binance CFO Denies

    Is Binance Bidding For Lichtenstein Union Bank? Binance CFO Denies

    HODLing Millennials: Bitcoin Trust (GBTC) Leading Schwab’s Generation-Y Retirement Equity Holdings

    HODLing Millennials: Bitcoin Trust (GBTC) Leading Schwab’s Generation-Y Retirement Equity Holdings

    Bitcoin Price Analysis: BTC to $6000 Or $8000? Bulls Vs. Bears War Continues

    Bitcoin Price Analysis: BTC to $6000 Or $8000? Bulls Vs. Bears War Continues


    About The Author

    Jonathan Berger View more posts by this author

    Breathing crypto since early 2013. Jonathan lives 24-7 analyzing market condition and current situation. One of his hobbies is mining very low-cap altcoins. Contact Jonathan: Facebook

    Join Our Community

    • Facebook

    • Twitter

    • YouTube

    • Telegram


    CloudBet
    Bitcoin Editorials

    Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

    Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

    Dec 8, 2019

    What Are Bitcoin Price Gaps? How Can They Affect The Price?

    What Are Bitcoin Price Gaps? How Can They Affect The Price?

    Dec 8, 2019

    Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

    Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

    Dec 7, 2019

     2 Years Since the Bitcoin Bubble: How Easy is it to Buy Cryptocurrencies Compared to 2017? 

     2 Years Since the Bitcoin Bubble: How Easy is it to Buy Cryptocurrencies Compared to 2017? 

    Nov 20, 2019

    Become a CryptoPotato VIP

    Receive our market updates and crypto trading tips and news by email (We hate spam, and send max of 1 weekly mail):


    Recent Posts
    • AVALO-Energy: Friendly Use Of Renewable Energy And Blockchain Technology

      AVALO-Energy: Friendly Use Of Renewable Energy And Blockchain Technology

      Dec 9, 2019
    • Ukraine Set To Legalize Cryptocurrencies As Means Of Payment And Investment

      Ukraine Set To Legalize Cryptocurrencies As Means Of Payment And Investment

      Dec 9, 2019
    • Crypto Community Crowns Tezos (XTZ) As The New ‘Ethereum of 2017’

      Crypto Community Crowns Tezos (XTZ) As The New ‘Ethereum of 2017’

      Dec 9, 2019
    • Ripple Price Analysis: XRP Goes Back Up To $0.23, Can Christmas Come Earlier?

      Ripple Price Analysis: XRP Goes Back Up To $0.23, Can Christmas Come Earlier?

      Dec 9, 2019
    • Bakkt Launches The First CFTC-Regulated Option on Bitcoin And Cash-Settled Futures

      Bakkt Launches The First CFTC-Regulated Option on Bitcoin And Cash-Settled Futures

      Dec 9, 2019
    Become a CryptoPotato VIP
    Receive our special crypto tips and news by email: We hate spam, and send max of 1 weekly mail
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Scholarship
    Cannabis Stock News
    Stock Analysis & Overview
    Terms of service | Privacy Policy | GDPR
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright Cryptopotato Team 2016
    Scroll to top