The Focus In The Last Week Has Been Facebook Entering Crypto, Innovation/Development Has Continued Within Existing Players In The Space - Namely, Last Week Bitfinex (BFX) Launched The 'Unus Sed Leo Transparency Initiative.
Facebook Released Its Libra (Not GlobalCoin) Whitepaper. There Is A Large Amount Of Content To Digest But We Give Our Early Thoughts And Highlight Some Questions.
Bitcoin trades over $9000 over weekend. Some crypto experts are questioning Facebook's Global Coin.
Crypto is higher this morning with Litecoin (LTC) now the only coin in the Top 10 that is negative. Bitcoin SV (BSV) is best performing and the only member of the Top 10 up over +10%.
Bitcoin futures (BTC) volume had its best month since launch, trading nearly 300K contracts.
Daily cyrpto market recaps, news and insights on all crypto asset classes.

The coming week, Aug. 27-31, sets up trending pivot and range statistics math in the Eurodollar, Japanese yen and Gold.

The coming week of Aug. 24, 2018, sets up trending pivot math in the Japanese yen, a potential rangebound pivot breakout higher in soybeans, and bulls entering many markets. The S&P 500 appears near highs for next week, but the monthly Camarilla pivot at the 2,867 level seems to make sense to me, so I projected next week’s new high at 2,865 or higher.
It’s been less than nine months since traders flipped their calendars to 2018, but crypto asset bulls have aged years (if not decades!) since the holiday season’s euphoria. After peaking at a total market cap above $800B on January 7th, the crypto market has contracted precipitously, briefly falling below $200B earlier this week. Take a look at the chart below.
After a rough start to the week, Asian stocks seem to have found some support as the Turkish Lira steadied below 7 per dollar. Japan’s Nikkei 225 rose 1.8% with all sectors in green territory as the Yen gave up some of yesterday’s gains. Australia’s ASX 200 and the Korean KOSPI also edged higher but gains were limited.