The Cryptocurrency market posted small gains today, but Bitcoin and Ethereum remain tightly locked in a narrowing range. Bitcoin continues to struggle to cross above $6,600, but the 24-hour trade volume has been stable at $3.7 billion. Ethereum also remains pinned below $225 and trades slightly below the bullish ascending trend line.

In other news, a FundStrat Survey shows that 54 percent of institutional investors think that Bitcoin has already reached a bottom. Also, Coinbase Institutional Platform Head Adam White is leaving the company for undisclosed reasons and will be replaced by Jonathan Kellner. White was the fifth employee at the exchange and Coinbase CEO Brian Armstrong credited White with helping “build our exchange business into the largest U.S.-based crypto-trading venue.”

1) According to a Fundstrat Survey, institutional investors are more bullish than individual cryptocurrency enthusiasts on Twitter. According to Tom Lee, a managing partner at the research firm, Wall Street investors think that the worst part of the market correction is over. The report shows that 54 percent of institutional investors expressed positive feelings about cryptocurrency prices. Furthermore, about 57 percent of the survey respondents think that Bitcoin might rise to $15,000 before the end of 2018. (Read More)

2) The GraniteShares Bitcoin ETF may get a second chance at regulatory approval. The U.S. Securities and Exchange Commission (SEC) has filed an amendment surrounding the CBOE’s pursuit of a rule change to list the GraniteShares Bitcoin ETF, which was declined over the summer. Today the securities regulator set a deadline of October 26 for comments in support or opposition of the proposed rule change. The rejection stands in the interim as the Wall Street regulator reviews comments, but a decision is expected Oct. 26. (Read More)

3) As a sign of the growing acceptance and adoption of cryptocurrencies, an auto dealer in New Hampshire has begun accepting Dash payments and recently made its first sale that was paid for entirely in Dash. AutoFair in Merrimack is the dealership in question, and it is currently running a promotion through the Anypay system which provides “dash-back” on future car purchases, giving an extra 5% of the purchase price to the merchant and 5% to the customer towards future purchases made with Dash. Developments like this show the incremental steps being taken on the path towards wider adoption. (Read More)