Demand

Litecoin has been trading in a tight range for the past few days of October 2019. This implies that the selling pressure has subsided. Also, aggressive buyers are absent from the demand zone. As the market fluctuates between $50 and $59 price zones, buyers and sellers struggle to take control of price.

The Ripple cryptocurrency (XRP) is presumed to have reversed as its price rebounds recently at the bottom. Previously, the world cryptocurrency market was making a series of lower highs and lower lows. Today, October 10, 2019, XRP's price is attempting to break the $0.29 and $0.32 supply zones.

October 9, the ETH/USD pair is trading between the $160 demand zone and the $240 supply zone. There appears to be equality and indecision between buyers and sellers.

Bitcoin (BTC) is in a sideways move at the bottom. A break down at the bottom will mean further selling

The South Korean technology giant Samsung Electronics recently revealed results for of Q2 of 2019 that indicate profits are decreasing but the demand for cryptocurrency chips registered a significant increase. The company has found an increasing demand for digital asset chips.

The first quarter (Q1) of 2019 registered a high average Bitcoin (BTC) payout for ransomware attacks, according to statistics published by security researchers at Kaspersky Lab, and Coveware, a firm which helps victims payout. The number of users (victims) that met cryptocurrency ransomware in 2018 and Q1 of 2019 soared by over 500% and 90% respectively.

The XIX Annual Workshop organized by Agici and Accenture has revealed that in 2030 Italy risks to experience prolonged blackouts due to the increased demand in renewable sources of energy. The electrification process may bring suffering to the Italian energy system, consuming up to 1700 hours a year. The use of blockchain and digital technologies seems to save the situation if applied in time.

If you have been affected by the Cryptopia hack in New Zealand (NZ), then this information is important for you. Through the official Discord channel of the exchange, its confirmed that the building is now back in Cryptopia’s hands. So far, thousands of Cryptopia victims are not accessing their funds and it seems this may happen for quite long. The crypto exchange was hacked twice in a period of two weeks.

India holds a big global economy that is now facing a rapid growth of use cases for blockchain and cryptocurrency markets. Taking demand into account, India plans to design a suitable roadmap for distributed ledger technology (DLT) soon or later, according to the report by Financial Express.