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Fidelity, CBOE, and Binance Headline This Week in Cryptos

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Welcome to the 31st issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypt
 

Quantamize

February 1 · Issue #31 · View online
Quantamize Cryptocurrency Weekly Recap

Welcome to the 31st issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypto news you need to know. At Quantamize, we are seeking to level the playing field for individual investors with AI-powered Multi-Factor models across multiple asset classes, including Cryptocurrencies. If you have any feedback on this weekly report please send us a note at suggestions@quantamize.com.

Every day at Quantamize, we track the top stories that affect cryptocurrencies and the emerging blockchain ecosystem. At the end of the week, we review all the news to give you a clear picture of what was most important.


Quantamize Weekly Crypto Recap
Quantamize - Crypto Weekly Review February 1, 2019
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The Week in Review
Cryptocurrencies are poised to finish the 7-day week ending Friday, February 1st broadly negative with all but one of the 20 largest cryptocurrencies by market capitalization in the red. In the last 7 days, Bitcoin (BTC) is down 3.02% to USD$3,480, Ripple (XRP) is down 2.39% to USD$0.307869, and Ethereum (ETH) is down 8.18% to USD$106.85. Litecoin (LTC) moved against the broader crypto market this week, up 0.74% since last Friday to USD$32.76. Stellar (XLM), meanwhile, posted the largest declines among major coins this week, down 17.80% in the last 7 days to USD$0.083003.  

Headlining cryptocurrency market news this week was the Chicago Board Options Exchange (CBOE), who resubmitted its joint BTC ETF application with VanEck and SolidX to the US Securities and Exchange Commission (SEC). The SEC will have 240 days to review the application once posted to the Federal Register, which has yet to happen. Binance made headlines this week as well when the world’s largest crypto exchange announced a new feature allowing users to purchase cryptocurrencies with a credit card. Also this week, Bloomberg reported that Fidelity Investments could launch its BTC custody service as early as March. Finally, Boerse Stuttgart Group, Germany’s second-largest stock exchange, launched Bison this week, a mobile application where users can trade cryptocurrencies. 

Of the 30 cryptocurrencies we model using AI and Machine Learning, 1 is positive for the week. Currently, 9 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:

  • Bitcoin (BTC) –Do Not Own with an accuracy rate of 63.39%
  • Bitcoin Cash (BCH) – Do Not Own with an accuracy rate of 67.48%
  • EOS (EOS) - Do Not Own with an accuracy rate of 60.90%
  • Ethereum (ETH) – Buy with an accuracy rate of 60.99%
  • Ethereum Classic - Buy with an accuracy rate of 65.25%
  • Litecoin (LTC) – Do Not Own with an accuracy rate of 64.51%
  • Ripple (XRP) – Do Not Own with an accuracy rate of 63.28%

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Quantamize Weekly Crypto Recap
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