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Cryptocurrencies are set to finish the week mostly lower with the price of Bitcoin (BTC) down 1.47% in the last 7 days as the benchmark coin trades around the USD$3,600 price level. TRON (TRX) moved against the broad crypto market this week, posting gains of nearly 8% to trade at USD$0.026971. IOTA (MIOTA) fell the most among major cryptocurrencies this week, down 6.5% since last Friday to USD$0.291103. Additionally, Binance Coin’s (BNB) 2.5% gain on the week drove the coin to flip MIOTA and become the 12th largest cryptocurrency by market capitalization.  

In crypto news this week, the Chicago Board Options Exchange (CBOE) withdrew its request for a US SEC rule change that would have effectively allowed the listing of a BTC ETF. CBOE cited the government shutdown derailing talks with regulators as reasoning for the request withdrawal. Also this week, researchers at MIT have reportedly developed a cryptocurrency that they claim requires 99% less data through the transaction verification process. The cryptocurrency, dubbed Vault, is set to be unveiled at next month’s Network and Distributed System Security Symposium. Finally, Business Insider published an unconfirmed report that Mike Novogratz’s Galaxy Digital is raising USD$250mm in funding to launch a crypto loans business.  

Of the 30 cryptocurrencies we model using AI and Machine Learning, 10 are positive for the week. Currently, 11 cryptocurrencies modeled by our Machine Learning algorithms are rated as “Buy”. Nearly all of these models have accuracy scores above 60%!

If you’re a cryptocurrency trader, Quantamize’s AI Machine Learning 3-Day Crypto Trading Signals were updated twice this week, most recently today. We model 30 cryptocurrencies and produce directional “Buy”/“Do Not Own” trading signals that help cryptocurrency traders navigate the crypto markets over the short term. You can find a screenshot of our Crypto Signals below. A few highlights include: