Crypto Daily News | Crypto Market Rebounds; Coinbase Reponds

In today’s edition of Crypto Daily News, we’ll cover the details of the crypto market rebound and Coinbase’s official statement regarding the proprietary trading allegations. Crypto Daily News: September 20th, 2018 Crypto Market Rebounds The crypto market is rebounding this morning, after taking a sharp fall last week after rumors spread that Goldman Sachs (NYSE:GS) wasn’t focusing on a cryptocurrency trading desk. Later, GS confirmed that the news was “fake” and that the desk is, in fact, ready, but waiting for demand. Currently, the crypto market is trading just above…

Bitcoin Price Sees High-Volume Recovery From Five-Week Lows

Bitcoin’s (BTC) has made a high volume recovery from five-week lows, although a bullish reversal is still not confirmed, technical studies indicate. The leading cryptocurrency fell to $6,100 on Bitfinex at 18:00 UTC yesterday – the lowest level since Aug. 14 – signaling a downside break of the trendline connecting the June low and Aug. 11 low (lower edge of the pennant). However, the cryptocurrency picked up a strong bid just an hour later and jumped to a high of $6,550. More importantly, trading volumes on Bitfinex increased by 66…