A steady week in bitcoin preceded a drop of almost 5% overnight. The Bitcoin price was bullish the entire week, starting at $609, but ends the week at $602. 80% of Bitcoin trading volume is in CNY, followed by 11% in JPY. USD is 3rd with 5.6%. More detailed information can be found in the Bitcoin technical analysis.
In Bitcoin news; Deloitte, the largest of the ‘Big Four’ accounting firms, unveiled the company's first Bitcoin ATM. The machine is operating in their Toronto office, where there is no regulation for BTM machine owners or manufacturers as they are not considered money transmitters. New BTM’s are being installed globally at a rate of 1.29 per day.
The SWIFT Institute released a Bitcoin report in which they assessed whether the global financial community is accepting Bitcoin as a valid currency. SWIFT found that a third of all the Bitcoins are held by investors and only a small minority use it as a medium of exchange. As an investment, however, it offers diversification since there is no correlation between Bitcoin and traditional asset classes.
http://bravenewcoin.com/news/crypto-assets-overview-sep-11-2016/
