Investors to Leave BTC Near $3k, Expert Believes

Head of the trading department in the Asia-Pacific region from Oanda Corp believes that BTC may fell to $2500 in January 2018
23 November 2018   875

As a result of the collapse of the market this week, the cumulative cryptocurrency capitalization fell by November 23 to $ 140 billion, losing almost $ 700 billion from peak values in early January. And if prices continue to decline, investors may begin to massively withdraw from cryptocurrencies, said Stephen Innes, head of the trading department in the Asia-Pacific region at Oanda Corp, in a comment to Bloomberg.

There’s still a lot of people in this game. [If Bitcoin] collapses, if we start to see a run down toward $3,000, this thing is going to be a monster. People will be running for the exits.
 

Stephen Innes

Head of the trading department in the Asia-Pacific region, Oanda Corp

In the short term, Bitcoin, according to the analyst, will be traded in the corridor between $ 3,500 and $ 6,500, but he does not exclude that by January 2019 the price of the first cryptocurrency may drop to $ 2,500.

At the peak values ​​at the beginning of the year, the total capitalization of the cryptocurrency market was about $ 835 billion, but this morning this figure is already around $ 140 billion.

Bitcoin last night again fell on a number of exchanges to almost $ 4000. So, at about 05:20 UTC, the price of the first cryptocurrency at Bitstamp was $ 4,061.02, after which it returned to around $ 4,300. At Bitfinex, the price went down to $ 4,210.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   142

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.