Bitcoin predicts a parabolic jump of nearly $ 14,000, an increase of 320% since December, as the euphoria sets in

A cryptographic winter for digital assets has given way to a white summer.
The world’s # 1 cryptocurrency reached its highest level in about 17 months on Wednesday, rising to almost 60% in June.
At the peak of the day, Bitcoin BTCM19, -6.91%, a daily high of CME Group Inc. reached -3.17% to $ 13,680, according to FactSet.
BTCUSD bitcoin prices, + 1.39% on CoinDesk, also jumped over $ 13,000. But on Wednesday after the crash of the Coinbase website, prices dropped by more than $ 1,700 in just a few minutes. The site was online again Wednesday night and priced at $ 12,400.
Bitcoin, the 2009 digital coin, generated a market value of $ 237 billion, the total amount of Bitcoin in circulation. Wednesday’s rally means that Bitcoin now represents 62.6% of all digital currencies collected on the CoinMarketCap.com data website. At its peak on December 16, 2017, Bitcoin’s market value was $ 326.5 billion.
About do not know what has pushed the price of Bitcoin on the rise lately, but after the values ​​at unintir in December have reached $ 194.96 3, assets rebound, 319% rise.
Bepaalde market participants point out the increase in investment volume in the bitcoin, suggesting a growing appetite for cryptographic assets, while institutional investors, traditional companies include cryptography projects launched.
Michael Moro, CEO of Genesis Global Trading, the digital currency trading platform, said in e-mailed comments, “Volumes are two to three times higher than 12 months ago.”
“While this increase and volume is due to the increased activity of our usual buyers of hedge funds and family offices, we have created a new and interesting group of buyers: Private School Foundations, which supports the spread of Bitcoin and Crypto,” he said.
The game Libra proposed by Facebook Inc., -0.62%, use blockchain, digital registry technology crypto currencies, which underlies the bitcoin underlying a digital currency like the social media giant and its dozens to create Uber Technologies Inc. UBER, -1.37% Visa Inc. V, -0.13% MasterCard Inc. MA, + 0.60% in PayPal Holdings Inc. PYPL, -0.25%, Hope is becoming a global payment system.
This has generally been seen as an implicit acknowledgment of technology blockchain and, to a lesser extent, cryptographic assets that were developed digitally for the first time over ten years ago, when a person or people known as Satoshi Nakamoto have struck the first Bitcoin ,
However, the strong recovery has led some crypto experts to be cautious with early investors.
Jeff Dorman, chief investment officer of the company’s management of cryptographic Arca Investments, told Marketwatch that the parabolic rise of bitcoin in June gave the impression that the asset was now “overbought and had to fall while red”.
“We’re seeing a lot of signs and they’re all overbought,” Dorman said.
Thomas Lee Fundstrat, a popular crypto bull, said last week that he is tracing the rising prices of bitcoins to investors ‘FOMO’ u missed the fear of the operator. He predicts that prices will eventually reach $ 40,000. Lee made a series of false predictions for Bitcoin in 2018.
Bitcoin futures have risen 270% since the beginning of the year, and Bitcoin-indexed assets have also risen.
Graustufen Investments, a subsidiary of Digital Currency Group, is betting the greyscale bitcoin trust GBTC, a popular way managed on bitcoin, to raise 325% in the premium 2019 semester.
By comparison, the DJIA Dow Jones Industrial Average rose, -0.04% to 14% this year, the S & P 500 SPX jumped -0.12% to 16.5%, while the Nasdaq Composite COMP Index, + 0, 32% reported 19.3% in 2019 on Wednesday afternoon, according to FactSet data.

Coinbase Leads the ‘Most Trusted’ Exchanges Ranking, Binance is 8th

By Sead Fadilpašić

Below, is the top 10 “most trusted and reliable exchanges” “for investors and traders who want to identify the best venues for their risk appetite,” ranked by crypto market data provider CryptoCompare.

Today, the company launched its inaugural Exchange Benchmark in response to the problem of wash trading and inflating volume through incentivized trading schemes.

Here is how they have ranked the “most trusted and reliable exchanges”:

  • 1. Coinbase – grade AA, total: 60.30
  • 2. Poloniex – grade AA, total: 59.90
  • 3. Bitstamp – grade AA, total: 59.60
  • 4. bitFlyer – grade AA, total: 57.20
  • 5. Liquid – grade AA, total: 56.30
  • 6. itBit – grade AA, total: 56.0
  • 7. Kraken – grade A, total: 54.10
  • 8. Binance – grade A, total: 54.0
  • 9. Gemini – grade A, total: 53.20
  • 10. Bithumb – grade A, total: 53.10

The ranking components include: geography, legal/regulatory, investment, team/company, data provision, trade surveillance, and market quality. We see that exchanges in the top 10 category have received either AA or A grade, and all are in the 50-59 score range, save for Coinbase that is just above 60, though the differences in scores between an exchange and the one that immediately follows or precedes it is small. While most of these are relatively strong in the investments and market quality categories, certain points have been lacking in the geography and trade surveillance categories.

There are ten exchanges, ranking 101 to 110, that have received the F grade. These are: Upbit Singapore (17.90), Coinroom (17.40), Yobit (17.20),Bit-M (16.90), AidosMarket (16.00), IQFinex (15.10),Ethermium (14.60), CryptoExchangeWS (13.10),LiveCoin (13.00), FatBTC (11.20) – all significantly lacking in the legal category. However, according to CryptoCompare, Exchange Benchmark indicates that the exchanges who got C-F grades have increased market share by 30% in the last 12 months.

Meanwhile, one of the top rated exchanges, the U.S.-based Poloniex, faces a backlash from the community that is unsatisfied with their risk management, and they might even face lawsuits. However, news about the exchange’s problems surfaced in June, while CryptoCompare based its rankings on data collected in May.

Also, following a number of unfortunate events, Coinbase got into the #DeleteCoinbase crisis earlier this year.

Overall, the Benchmark is ranking 110 active spot exchanges globally, “offering investors and traders a comprehensive, granular and reliable source of information on the best trading venues”, according to CryptoCompare.

The ranking methodology is comprised of a combination of:

  • 34 qualitative metrics – due diligence checks consisting of six main categories designed to rate each exchange qualitatively on the basis of the above-stated ranking components;
  • and quantitative metrics – measuring market quality through a combination of five metrics the objective of which is to measure the cost to trade, liquidity, market stability, behavior towards sentiment, and “natural” trading behavior.

Trading volume is not used directly in the ranking, as volumes can be easily manipulated, CryptoCompare concludes, and any untrusted exchange can provide false data.

Finally, “Metrics were categorized into several buckets and distributed fairly,” they explain, “to arrive at a final robust score, ensuring that no one metric overly influences the overall exchange ranking.”

Meanwhile, just recently, it was also reported that only 10 out of 83 cryptocurrency exchanges, analyzed by crypto investment company Bitwise Asset Management, passed a test aimed to show if they were reporting systematically inflated bitcoin trading volumes. Out of the above mentioned exchanges, seven were on the “passed” list to: Poloniex, Bitstamp, BitFlyer, itBit, Kraken, Binance, and Gemini.