If you’ve traded cryptocurrency, chances are that you’ve lost a fair amount of hair–not to mention sleep–trying to calculate your obligations. Some hodlers only need to report a few trades per year, but if you’re moving large amounts of cryptocurrency, it might take some professional-level software to keep track of all those gainz.

Well, that rally was short. Just as traders started to get excited for the 2019 altseason, cruel fate snatched it away again. As Crypto Briefing suggested yesterday, the latest sharp rise may have been nothing more than a temporary short squeeze.

Cryptocurrency markets are back in the red after yesterday’s meteoric rise. With some experts suggesting that yesterday’s rally was nothing more than a short squeeze, a retracement was to be expected. Investors can take solace in one circumstantial anomaly: historically, Bitcoin dumps have tended to pull altcoin markets lower.

• Bitcoin Cash has reversed course after finding strong resistance from the $335.00 level
• The BCH / USD pair has a bullish short-term bias while trading above the $300.00 level
• Technical analysis highlights the $360.00 and $390.00 levels as potential bullish targets

Bitcoin Cash is reversing course on Thursday after launching an explosive bullish rally towards the $335.00 resistance level earlier this week. An unexpected move lower in the broader cryptocurrency market has seen the BCH / USD pair pushed back towards the $300.00 level.

Through all the fuss with automotive partnerships and Coordicides, many observers have been wondering when IOTA’s Tangle would start dealing with industrial IoT. Despite the technical merits of DAG technology,  machine-to-machine transactions have remained a distant goal. 

That is, until today. The IOTA Foundation is now announcing the launch of an autonomous, decentralized marketplace where devices will communicate to exchange goods and services between each other. “Who needs humans?” asked SkyNet the IOTA Foundation.

When most people think of crypto derivatives, they immediately think of BitMEX. The Seychelles-based exchange is one of the oldest and most high-profile crypto derivatives platforms around.

But in a new report released today by analytics site CryptoCompare, researchers found rival exchanges had been quick to snap-up market share in response to the growing demand for crypto derivatives. In the case of OKEx and Huobi, trading volumes have actually superseded that of BitMEX.

Worlds continue to converge between institutions and the nascent frontier of digital assets. GMEX is moving things forward with a little help from IBM, announcing the latest release of its Fusion Digital Capital Markets technology suite, named GMEX Fusion. The suite is built on the IBM Blockchain Platform, giving institutional investors a hybrid solution for a variety of financial instruments in the digital realm.

The Joint Research Center, the science and knowledge service for the European Commission, recently released a report which assessed the multidimensional impacts of blockchain and other distributed ledger technologies.

The report, Blockchain Now And Tomorrow, is remarkably bullish on the technology’s transformative potential. The paper asserts that:

Markets are in a state of flux, with several cryptocurrencies rising by double digits. After several months of dashed hopes, many investors are wondering if today’s gains are the beginning of a long-postponed altseason. Those hopes are stoked by the fact that Bitcoin remains range-bound, after several weeks of uninterrupted increases for BTC dominance.

In this series on Bitcoin and money, Crypto Briefing takes a deep dive into the complexities of the modern monetary system and how Bitcoin, as the ultimate hard money, can serve as a solution to many of its problems.