Daily Berminal Brief (9/14/18): Bitcoin Recovers to $6,600 as Tim Draper Predicts the…

Too Long; Didn't Read

The State of the Market: Positive news and bearish exhaustion have led to a mild recovery in the cryptocurrency market and Bitcoin continues to recover some of the gains that it dropped last week. The news of Morgan Stanley and Citigroup planning to offer tradable instruments for Bitcoin-related products appear to have improved market sentiment and as the the SEC deadline for the Van-Eck Bitcoin-ETF application approaches we could see a little bullish excitement enter the market. Currently the cryptocurrency market capitalization stands at $198.6 billion.