The crypto market has plunged down by more than ten billion dollars today as traders begin to sell in anticipation of a bearish outcome as Facebook founder Mark Zuckerberg appears before Congress today.

Justin Trudeau has narrowly won the 2019 Canadian election, edging out his conservative opponent to form what is likely to be a minority government.

The Bitcoin price volatility has returned to remarkably low levels. The leading cryptocurrency remains at almost exactly the same level as yesterday, and altcoins offer a similar scenery. Notable outliers today are Chainlink (5.7%), BAT (5.7%) and Maker (-2.9%).

• THETA remains technically bearish over both the short-term and the medium-term 
• The four-hour time is showing a valid bearish head and shoulders pattern
• But the daily time frame shows a huge bullish reversal pattern

THETA is on the rise in early week trading, as the increasingly popular cryptocurrency attempts to stage a bullish breakout above its key short-term moving averages.

Ethereum first went live in 2015, and since then, it’s become one of the market’s top coins. And while four years may not be a lot in most markets, in crypto it’s a lifetime. For Ethereum, it has been quite a ride.

With a market cap of $19 billion, Ethereum is the second largest cryptocurrency in existence, and recent reports show that it provides a benchmark for the market.

Good things happen to those who wait. And in case of crypto, three months is sometimes enough.

That’s the time between a Wired article that railed against the inevitable fool’s errand of working with Bitmain… and the launch of Bitmain’s Texas 50 MW mining farm in Rockdale, Texas, a location that the Chinese company considers strategic.

Marking a significant milestone for TRON (TRX), the popular web browser, Opera, is extending its wallet and DApp support to the TRON network. With its integration in the Opera browser, TRON joins the same ranks previously held just by crypto behemoths, Bitcoin and Ethereum. 

Economic uncertainty in the world’s second-largest economy may explain a sudden surge in the amount of Bitcoin (BTC) purchased with Chinese Yuan (CNY) as local traders place value into something believed to be uncorrelated to the world economy, and therefore potentially recession-proof.

Data collected by cryptocurrency investment firm ID Theory found that CNY volumes on peer-to-peer trading site LocalBitcoins are outstripping those of other fiat currencies in the Asia region.

Banks in Europe are facing an existential threat that could soon spread to the U.S., particularly if Donald Trump gropes his way toward zero interest rates. There will be few who would feel any sympathy if banks do begin to collapse.

And what’s more, the threats they face could finally turn the tides of favor among the general public from fiat to cryptocurrency, refugees of a failed experiment in ill-conceived monetary policy at the regulatory level.

The weekend unexpectedly brought some life to Bitcoin, as it jumped by 300$ to stabilize at $8,200 today. Altcoins are generally in the green as well, with surprising gains coming from Bitcoin Cash and Bitcoin SV, up 7% and 15% respectively. Chainlink and Maker are also posting gains of 13% and 5%.