Monday, August 03, 2020

#CryptoCorner Episode 433: BTC Weathers “Flash Crash” to Maintain $11K Support, Galaxy Digital (TSX: $GLXY.TO) Sees “Near Record” Trading Levels, TASE to Launch #Blockchain Securities Platform

#CryptoCorner Episode 433: BTC Weathers “Flash Crash” to Maintain $11K Support, Galaxy Digital (TSX: $GLXY.TO) Sees “Near Record” Trading Levels, TASE to Launch #Blockchain Securities Platform

 


Point Roberts, WA, Delta BC August 3, 2020 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2020/080320-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/08031BTC-GLXY.asp

 

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

 

Stocks discussed: (TSX:GLXY)

 

Bitcoin (BTC) weathered the past weekend to enter August’s first week with its $11,000 support level intact. At press time, it is trading for about $11,200, according to data from CoinMarketCap. Over the weekend, Bitcoin first climbed to around $11,969 on Sunday, only to experience a “flash crash” of $1,458 in 10 minutes, pulling it down to $10,659, according to data from CoinDesk. That publication goes on to indicate that this crash led to the liquidation of “nearly $1.4 billion worth of positions across major exchanges,” “$144 million worth of sell liquidations or forced closure of long positions on BitMEX, the highest since May 10,” and more, as buying pressure was reduced in the market. As we have seen, however, this doesn’t as of yet seem to have spoiled investors’ confidence in the cryptocurrency.

 

Max Keiser, founder of Heisenberg Capital and host of markets and finance show the Keiser Report, tweeted, admittedly before Sunday’s brief crash:

 

The $20,000 level for #Bitcoin won’t pose any resistance. We won’t see any resistance till $28,000. A brief pullback then the assault on $100,000 begins with renewed vigor.

 

The Block reports that Galaxy Digital Holdings Ltd. (TSX:GLXY) is experiencing “near record levels” of trading volume amid Bitcoin’s current rally. Tim Plakas, sales lead for Galaxy Digital Trading, told the publication via email:

 

"We’ve seen a strong increase in volumes through our desk since the start of the year as our institutional counterparty base has grown in size and sophistication. In terms of the recent move higher, the uptick in volumes we’ve seen will put this month on track to be at record levels in-line with what we saw during the climb out of crypto winter back in spring 2019."

 

A recent announcement from the Tel Aviv Stock Exchange (TASE) revealed plans for the launch of a “central system for securities lending based on blockchain technology.” Orly Greenfeld, Senior Vice President and Director of the Exchange's Clearing Department, explained:

 

“The Tel Aviv Stock Exchange is proud to launch the first loan database system of its kind, as a secure, innovative and groundbreaking platform. Blockchain technology will enable securities lending trading while securing information and supporting the increase in the number of transactions. The stock exchange is a world leader in the field of financial technological innovation, and continues to work for the development of the capital market as part of its strategic plan."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

 

The Crypto Corner is part of the Investor Ideas Membership content

 

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

 

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android  

 

Join our Investor Club https://www.investorideas.com/membership/

 

Contact Investorideas.com

800-665-0411

 

 


Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories 

 

 

 

 

 

 

 

 


No comments: