PoW Bitcoin: "Confidence Returns to Bitcoin" - 9/23/2017

PoW! Bitcoin Market Update --- SHARE and FOLLOW --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- Prices Bitstamp - $3758 3M Futures - $3715 spread - $40 Market Cap - $62B Global MC - $130B Maximalist Price - $7896 Difficulty - 0% or 7% https://bitcoinwisdom.com/bitcoin/difficulty http://fork.lol/pow/retarget New mining entrants are very exciting. Bitmain has new comp. Canaan.io is the old Avalon Miners. GMO of Japan https://bitcoinmagazine.com/articles/japanese-company-will-launch-new-bitcoin-mining-operation-7-nm-chips/ Syan Mining formerly of Dubai now HK. https://syanmining.com/ Rumors out of Russia that they are courting disaffected Chinese miners. Mempool - <1MB Recent spam attacks haven't produced a lasting back log due to bigger blocks of >1MB Antpool and their subsidiaries have started mining SW blocks Once again notice that once BCH difficulty got easier, spam stopped Avg Tx Value on chain - $2834 - I'd like to see this higher Localbitcoins - $71M transacted last week New weekly numbers out today, expecting another ATH https://coin.dance/volume/localbitcoins/ALL Chinese volume is spiking, not at ATHs yet though. Paxful volume hit $10M for the first time last week Total over $80M public OTC Fake Satoshi won't answer some fair questions from Simon Dixon. https://www.youtube.com/watch?v=SMgzzF6XmEc --- DXY - 92.14 It's having trouble against all this resistance between 92 and 93. Even after the Fed decision this week to reduce it's balance sheet. Gold - $1296 Has obviously come down and broke $1300, but that's not a big deal. The story here was that speculative longs vs commercial shorts. Longs were getting liquidated this week. Geopolitical risk this coming week could force shorts to close, and price to climb to some retracement level, maybe 50%+ https://www.insidefutures.com/article/2055858/Weekly%20Gold%20Report.html SPX - 2502 hit ATHs this week Some support at 2490, but again, I'm expecting upside to be weak, and the downside to surprise. Remember, the Fed is going to start Quantitative Squeezing now in Oct EURUSD - 1.195 - could be forming a small head and shoulders pattern up here. invalidation above 1.205 bullish EUR even after a small pullback to 1.15, dollar is going lower --- Music by Joakim Karud and KVN