The latest crypto news show that the markets are consolidating as we round off another week. The volume has crept up a little over the past few days and the total market cap is nearing the $137 billion mark, up $2 billion from the past few days.
Bitcoin, however, hasn’t had a proper stake in the new surge. In fact, the most dominant cryptocurrency has moved very little over the past 24 hours. BTC has already hit an intraday high of $3,945 before dumping to $3,900 and then slowly building back up to $3,952 where it is trading right now.
The volume is back over $10 billion which is another good sign, along with the key technical indicators such as the MACD and hourly RSI which are now in the bullish zone.
Ethereum, on the other hand, has been slowly sliding forward and made a percent on the day taking it to $136 with a 2% increase. The move has taken ETH through the weekly down trend line so that further momentum could follow, especially if Bitcoin turns bullish. Meanwhile, XRP has made a minor increase on the day and is now rising to $0.315.
The top ten is still mixed right now but the green is dominating everywhere across the markets. Larger gains have been made by Cardano (ADA) as it climbed 5.5% to $0.049. NEM is also having a big pump with about 9% added on the day to take the token to $0.050.
Right now, there is a speculation about a possible link between NEM Malaysia and Air Asia which may be driving the FOMO. Meanwhile, IOTA, NEO and ethereum Classic are all in the green making over 3% in the past 24 hours as the “altcoin season” gathers its momentum.
The Crypto.com Chain is continuing its epic surge and has added another 50% as it nears the top twenty. This has been the best performing altcoin over the past week. CRO has made an epic 900% pumping, going from $0.013 to $0.092 and driving a new move forward.
Among the other altcoins which see green are Digitex Futures and Lisk, both surging by 17% on the day. The other token of Crypto.com, MCO, is also up 17% right now.
The total market capitalization looks very positive, adding two billion dollars since yesterday. Similarly, the daily volume is increasing and is now at $33 billion as altcoins lead markets at the moment.
XLM Jumps By 11% After Banks Got Interested In IBM’s Stellar Blockchain Opportunity
Digitec Galaxus Group From Switzerland Officially Accepts Crypto Payments
“By using Coinify, we are not running into the knife. It is still not clear to me how blockchain is any better than other database technologies. The transactions are so far more expensive and slower than a normal payment method. Decentralization brings only cumbersome improvements. None of the blockchains scale enough. But maybe I have not invested enough time and therefore understand too little how the blockchain ecosystem works.”Herren said that the decision comes after the prolonged bearish correction on the market where most of the crypto assets lost nearly a third of their value. Despite the fact that investors didn’t really get scared of the decline in prices, institutional adoption is still uncertain regarding making more profits. For example, back in 2018 in June, the Expedia hotel booking platform deleted Bitcoin out of their options and in the same year couple of months back, Reddit also stopped accepting cryptocurrency for its gold membership plans. Years back, Bitcoin became popular because of its attractiveness as a cheaper alternative for expensive payment processors. But as the technology got more popular, the network was unable to handle a higher number of transactions such as Visa or MasterCard and that’s why retailers didn’t choose crypto for making transactions. The Swiss retail giant brings bitcoin back into the retail game. However, traders who are into crypto or those who just hold on to it for better days can now use their coins to purchase something from the retail platform.
New Report Shows That Bithumb Is Laying Off 50% Of Its Staff
“Voluntary retirement is part of our support program for former employees and is intended to provide assistance and training for job placement. Apart from that, [Bithumb’s] trading volume has decreased compared to the previous year, [so] we are trying to provide internal measures. We will continue to add necessary personnel for various new businesses.”Bithumb still hasn't responded to the requests for comment. However, many speculate that this move is right because of the crypto winter which led to a lot of minuses all over the market. Still, what's interesting is that Bithumb has been preceded by many other firms in the sector - such as the mining giant Bitmain, the blockchain software company ConsenSys, the decentralized social network named Steemit as well as the similar crypto exchanges Coinsquare and Huobi - all of the companies which have decided to make significant cuts in the recent months. According to data from CoinMarketCap (CMC), Bithumb has seen more than $1.3 billion in trades over the past 24 hours. The exchange, however, was removed from the CMC global exchange rankings in January 2018 mostly because of the concerns that the site had over the reportedly "extreme divergence in prices from the rest of the world" and its fellow exchanges in South Korea. Currently, everyone is waiting for an official confirmation about the layoff from Bithumb. The respected exchange hasn't confirmed anything yet but will probably do that over the next couple of days.
Stellar (XLM) Makes Moves Up, Binance Coin (BNB) Flips
Join us on Facebook
- Binance Launched Completes Another Successful Token Sale Of Celer Network
- XLM Jumps By 11% After Banks Got Interested In IBM’s Stellar Blockchain Opportunity
- Trade On YorkBit Today: A Legit Broker With Low Fees
- Digitec Galaxus Group From Switzerland Officially Accepts Crypto Payments
- QuadrigaCX Co-Founder Was Involved In Criminal Activities In The Past
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Bitcoin News1 day ago
Block.one CEO: Bitcoin Will Replace Gold As The Leading Commodity
Altcoin News4 days ago
Bitcoin Slowly Reaching $4,000 While Stock Market Goes Green
Bitcoin News3 days ago
BTC Lightning Network Surpasses 1,000 BTC Network Capacity On Its First Birthday
Bitcoin News3 days ago
Boston Legal System Damaged After BTC Ransomware Attack
Bitcoin News2 days ago
Analysis: Could Institutional Adoption Bring The Financial Elite To Destroy Bitcoin?
Altcoin News4 days ago
Cryptocurrencies Are Not Banned In Mexico: Bitcoin Exchange
Blockchain News3 days ago
Blockchain Representatives Raise Concerns About A Nevada Crypto Bill
Bitcoin News4 days ago
CBOE Won’t List A New Bitcoin (BTC) Futures Market In March