Ethereum price movement has remained stagnant for the past 48 hours. Ethereum is in a stalemate as the buyers fail to break into the $160 to $200 zones, while the bearish move seems to dry up. Yesterday, ETH pulled through to $152 but was resisted and it faced another selling pressure.
Bitcoin is three steps higher as the bears fail to breach the low at $6,800. Interestingly, the coin has temporary respite as the market maintains its upward move. Buyers are also struggling so that the coin remains above $7,000 price level. The price movement has been unstable. Bitcoin moves up after a pullback from its low of $7, 240, and commences consolidation above $7,500.
With what is currently happening in the minds of the public, coinidol.com, the world news outlet, decided to conduct an overall assessment of the level of adoption of Blockchain and distributed ledger technology (DLT) in the field of public administration (PA) in Italy, on the most interesting application areas and important cases of use.
Crypto currencies are in a bear market as coins face selling pressure at the bottom of the chart. The other coins are in a period of consolidation to rebound. The markets are characterized by small body candlesticks like the Doji and Spinning tops which described the indecision between buyers and sellers. The coins may face breakdown or breakout as it consolidates at the oversold region.
The blockchain and distributed ledger technology (DLT) can revolutionize the art market, expanding the market even to small investors and allowing the value of a work to increase through simple changes of ownership. Let’s delve into how this system operates.
As this era is the period of disruptive innovations including blockchain technology and cryptocurrency, investors want to know where to start from, especially when it comes to knowing the regulations and authorities allowing and forbidding Securities Token Offerings (STOs). These are some of the regulatory bodies that allow STOs
Ripple (XRP) is making an impressive move but may face resistance at $0.23.
Ethereum is out of the lower levels of price as it breaks the resistance at $150. Ethereum is expected to trade within the range-bound zones.
It has been more than a year now, since a grand total of around 11.6 million in Bitcoin cryptocurrency has been moved from one wallet to another, even when its price skyrocketed, hitting and surpassing the $13k level at one particular point.
Litecoin crashed to $43 after the last bearish impulse. Previously, the coin had been trading above $50 for over a month before the market went up. This sudden price jump hit resistance at $65. After a pullback, the bulls retested the resistance to form a bearish double top pattern. This pattern formation led to a further drop of Litecoin to a low of $43.
Despite its false breakdown, Bitcoin Cash had been relatively stable since September. The coin had been exceptional in its fluctuation within the price range of $200 and $240. Each time there is a break down the coin bounces back to its original price range.
Whenever the venture capitalists or the public asks how it is possible today for a firm to gather capital for growth and development, the first thing that comes into consideration is an initial public offering (IPO), which is the process that it is popularly regarded as the opening of social capital to the public.
Regrettably, the pair shows no signs of recovery below the price at $150 and $160. Yesterday, the coin made a pullback and retested the price at $150 resulting in further depreciation. A retest is a confirmation that the bearish trend is ongoing. The bears have capitalized on this to sink the coin to the previous low.
The Persistent tussle between the bulls and bears over the support at $0.22 has given the bears an advantage over the bulls. Buyers could not sustain hold above the support because of the absence of buyers at the previous highs. Yesterday, XRP dropped suddenly to $0.21, but a pullback was not sufficient to keep the coin above the $ 0.22.
The use of Bitcoin and other cryptocurrencies is still difficult to control and requires scrupulous assessment for any reports to Italian authorities. For now, cryptocurrencies for transactions subject to traceability requirements can be used within the limits of cash. Let’s give some light to the recent anti-money laundering (AML) regulations.