BITCOIN TAKING A DIP
Bitcoin has taken a little bit of a dip over the alst 24 hours going down to $6,350. We need to hold the support level of $6,200 if we are going to see any upwards movement as the volume has hit it's lowest of the year. A break above the long term resistance of $6,800 should see the next run up.
GOLDMAN SACHS ANNOUNCES MULTI MILLION DOLLAR INVESTMENT IN CRYPTO
Goldman Sachs, on the heels of the Fidelity announcement has advised they will be investing $15 Million into BitGo, a fully regulated cryptocurrency custodian that securely purchases and stores digital assets on behalf of institutional investors.
130 COFFEE SHOPS IN EUROPE TO ACCEPT AND SELL CRYPTO
A “technology enabler” startup known as Cyclebit is aiming to get more people into crypto by allowing stores to be gateways for cryptocurrency by allowing crypto savvy customers to spend their crypto easily.
The idea has already started to gain traction – and Cyclebit is already working with businesses in Europe and South Korea. According to the print version of the Spanish business newspaper Expansión from 16 Oct 2018, the crypto payment technology is being rolled out in Nostrum – a network of 130 coffee shops throughout Spain – which has just started accepting and selling Bitcoin.
SOME MICROCAPS THAT COULD BE RISING
We looked at a few microcaps and small cap projects in the show, in particular: