Welcome to my Cryptocurrencies Market Overview for Tuesday, November 07, 2017.
The SegWit2x hardfork seems to lose more and more support. Now among the Bitcoin miners as well.
- SegWit2X signalling is now down to 76.4% of the latest 144 Blocks according to coin.dance.
- SegWit2x futures are down 11.3% today to about 19% of BTC according to coinmarketcap.com.
- Bitcoin exchange Bittrex released a statement today confirming it will only recognize the incumbent 1MB blockchain as the legitimate Bitcoin.
24 Hour Change
Realtime chart on my website CoinMarkets.today
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin daily chart
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - November 07, 2017
Short-Lived Rebound? Bitcoin Struggles to Retake $7,200
Bitcoin prices dropped to a four-day low below $6,950 yesterday before regaining some poise. So has the pullback run out of steam?
Read more: coindesk.com
Segwit2X is the biggest attack on Bitcoin so far
This is just another attack against Bitcoin, it is a big one this time, but Bitcoin will come out stronger once again if it survives.
Read more: thenextweb.com
Bittrex: If SegWit2x Splits Bitcoin, We’ll Recognize Only 1MB Chain
Leading cryptocurrency exchange Bittrex today released a statement confirming it will recognize only the incumbent 1MB blockchain as the legitimate Bitcoin, in the event Segwit2x (S2X) forces a chain split.
Read more: bitsonline.com
Other sources:
- Statement on Bitcoin Segwit2x hard fork (Bittrex.com)
Monero Price Rises to $100 Again in Wake of Multisignature News
Most altcoins have started to recover some of their recently lost value over the past 24 hours. Although most of the gains have been rather small, Monero has successfully bucked the trend. Thanks to a gain of US$12.38 over the past 24 hours, things are looking pretty solid for the Monero price. This increase is mainly driven by increased trading volume due to some recent technical developments.
Read more: themerkle.com
Japanese City Attracts Cryptocurrency Miners with Abundant Renewable Energy
The government of a Japanese city known for its renewable energy and low temperature in the wintertime is attracting cryptocurrency miners to use its clean electricity. One company has already announced that it will open “the first clean energy-based Japanese mining center” in the city to mine 10 cryptocurrencies including bitcoin.
Read more: bitcoin.com
‘Buy Bitcoin’ Overtakes ‘Buy Gold’ as Online Search Phrase
According to Google Trends, global searches for “buy bitcoin” have overtaken “buy gold” after previously exceeding searches for how to purchase silver. Last month, the amount of gold changing hands on BullionVault’s online trading platform dropped by almost a third from the 12-month average.
Read more: bloomberg.com
TREZOR Devices Will Support All Forked Coins, Says SatoshiLabs
SatoshiLabs, maker of the popular TREZOR hardware wallet devices, says it will support all coins and legacy addresses resulting from next week’s hard fork. Since the new coins may not have replay protection, users wishing to access both will need to split their balances securely.
Read more: bitsonline.com
$50,000 Bitcoin? - Mike Maloney
In his latest video, Mike Maloney ponders the questions 'Could Bitcoin hit $50,000 in the next couple of months?' and also, 'Is Bitcoin in a bubble and could it crash?' You may be surprised to hear how Mike has answered these questions, and the action he has taken accordingly.
Segwit2x Game Theory Scenarios Part 1 by Jimmy Song
The Segwit2x hard fork is coming in less than two weeks and many are wondering about what may happen. In this article, Bitcoin developer Jimmy Song is going to go through a few of the scenarios.
Read more: medium.com
$38 billion Investment Firm VanEck Debuts Cryptocurrency Price Indices
An investment company known for its recent efforts register a cryptocurrency-pegged exchange-traded fund has launched a suite of price indexes targeting mainstream investors. VanEck's MVIS is the First Major Index Provider to Offer Digital Asset (Crypto) Indices according to a press release.
Read more: cryptovest.com
Neon v0.0.7 released with Ledger compatibility
City of Zion have today released Neon wallet v0.0.7 featuring compatibility with the Ledger Nano S. Ledger owners can now make use of the NEO Ledger app that was added to the Ledger Manager at the end of October.
Read more: neonewstoday.com
Great news bro
I hope this fork fails, so other coins can have a chance.
What does it mean that Bittrex will recognize only the 1MB chain? Sorry for my lack of knowledge in a time like this when everybody seems so well informed!
will it be wise decision to buy some segwit2x from hitbtc..? or its better to hold btc..
Thanks for sharing!
charts are constantly changing over time. good analysis.
Very good stats @penguinpablo. . You have many advantages in this field
A one stop blog for all cryptocurrency news. Cool 🙌 @penguinpablo. Followed
Thanks for the insight :-)
Many thanks @penguinpablo! You consistently deliver well-ordered and informative posts.
I found this very helpful as I am looking to add a few new eggs to my investment basket.
Peace.
informative