Daily news update: October 19th, 2021

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Here you will find our daily update, which will provide you with all the main information and events on the crypto markets for the previous day.

Crypto market update

Bitcoin’s volatility struck again in the past 24 hours as the asset sky-rocketed to $63,000 for the first time since April. Most altcoins have marked minor losses since yesterday. Bitcoin’s market capitalization has neared $1.2 trillion, while the dominance over the alts is just over 47%. The cryptocurrency market cap went above $2.5 trillion and came just inches away from a new ATH but was unable to do so, at least for now.

Bitcoin (BTC) is now trading at 62,392 USD (all data from Coingecko.com)

Ethereum (ETH) is now for 3,811 USD

PlatonCoin (PLTC) is now for 0,456 USD

Total marketcap is currently at 2.599 trillion USD

Tip: Our latest weekly overview with TA 

Daily news update

Doge attracts to crypto: Chief executive of PAC Protocol, David Gokhshtein, has taken to Twitter to suggest that the most popular meme currency (and the one favored by Elon Musk), Dogecoin, has attracted a lot of people to the flagship cryptocurrency, Bitcoin.

Musk and Doge: On Monday, October 18, the most popular meme crypto Dogecoin went up almost 13 percent after Elon Musk supported DOGE co-founder Billy Markus’s tweet where he urges the community to “keep DOGE absurd”.

Bakkt and trading: Digital assets platform Bakkt ended its first day as a publicly-traded company down more than 6% after a volatile session. Launched by exchange giant Intercontinental Exchange in 2018, Bakkt tapped the public markets Monday after a merger deal with VPC Impact Acquisition Holdings. Its shares are listed on the New York Stock Exchange.

FinCen and Bitcoin: FinCEN, the U.S. Financial Crimes Enforcement Network, linked more than $5 billion in bitcoin transactions to the most common ransomware variants. FinCEN also determined that the most used cryptocurrency associated with these activities was bitcoin.

France and CBDC: The central bank of France continues actively exploring a central bank digital currency (CBDC), completing a significant trial of a blockchain-based CBDC in the country’s debt market. Over 500 institutions in France have participated in a 10-month experiment testing a CBDC issued by Banque de France for government bond deals.

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