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Coinbase Trader – September 10, 2018

This past week has been a roller coaster ride to say the least. The apparent “shelving of the crypto trading desk” at Goldman Sachs coincided with a sudden crash in the crypto market. This news was most likely not the sole cause but never the less the market continued on its way down. Recently we have seen a surge in large corporations involvement in crypto/blockchain related activities. This is evident through Google’s involvement in the Ethereum blockchain and Alibaba and IBM being ranked at the top of the global blockchain patent rankings. Positive news is not lacking but the negative news seems to have gripped the market and caused more downward movement.
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