Bitcoin: Bitcoin market is very hot. Lots of volatility couple of hours before the ETF decision. It seems that the 1000$ level is history, but the decision could send us to either direction.
*** Update: Unfortunately, the SEC had disapproved the ETF. The 1000$ was the bottom for the dump following decision, looks like price have been stabilized since the panic. Again, according to our 8 must-read trading tips article, whoever had BUY commands before the dump and bought the deep, made a nice profit.
In addition, there is a political argument regarding block sizing, whether to go for a Fork, orsoft fork and implementation of Segwait technology. The situation is now left unchanged and it seems the decision will not occur in the nearest future. Change will come only when the network will have to face difficult problems that will require a solution to the issue.
ZCASH: The Bitcoin value of Zcash is suffering from constant decline since price discovery, due to the high demand for mining. Whether privately or through commercial mining server farm (like Zeropond). During price discovery 1 Zcash was worth 3000 Bitcoins! Will we see it stabilizing from here? Time will tell, but pay attention to the level of 0.03 Bitcoin per Zcash.
DASH: As pointed out in the previous market update, Dash is at positive momentum since beginning of 2017 and broke its all-time high. Right after that we had a correction to the two-thirds level and then the positive trend had continued.
Etherum: Looks very positive. Bitcoin price is around 0.014 level. A tremendous month since the low of 0.0077, about 100% rise. In terms of USD market value Etherum is close to its all-time high, seems it is very high level for it. What next? We will continue to follow.
