The interest of Wall Street firms towards opportunities in crypto custody and asset management has continued to increase despite the 80 percent correction.
While investors entered this past week expecting for the crypto market to fall further, it has become apparent that the market has temporarily staved off
Bitcoin price failed once again near the $6,600-6,620 resistance against the US Dollar. BTC/USD is correcting lower and it could test the $6,275 and $6,188 supports.
Ethereum price failed to remain in a positive zone versus the US Dollar and Bitcoin. ETH/USD settled below $300 and is facing resistances near $311 and $320.
Bitcoin cash price failed to settle above $600 and declined against the US Dollar. BCH/USD is currently testing an important support area near $540.
Yoni Assia, the CEO of eToro, has said that the correction of Bitcoin is positive for the long-term health and growth of the crypto market.
FOMO Moments Markets slowly recovering this weekend; XRP, EOS, Neo and Tron climbing back, VeChain falling slightly. The slow creep upwards has continued The slow creep upwards has continued into the weekend as cryptocurrencies add more gains following their lowest levels of the year. Total market capitalization has crept up slightly and is currently holding above $215 billion, 14% up on Tuesday’s big dip.
Like most coins, Ripple and XRP are bullish. Not only are we seeing important partnerships that steels XRP and xRapid, XRP prices are also on a recovery path adding a massive 13 percent in the last day helping propel prices from 25 cents supports.
The altcoins market is in recovery mode and after more than two months of persistent sells, their momentum is fading. Though they still lack solid confirmation, price floors are morale boosting for coins as EOS, Tron, IOTA and even Litecoin which were heading lower.
One of China’s largest retailers, JD.com, is launching a blockchain platform. The idea behind the JD Blockchain Open Platform is to allow the company’s JD.com are lauching a blockchain platform for its enterprise customers. The idea behind the new platform is to extend the benefits of tech to new firms.
The Financial Conduct Authority, UK’s financial watchdog, is reminding consumers that cryptocurrency scams are rising in the country. Residents in the United Kingdom who decide to invest in Bitcoin or any other virtual currency are not protected by the regulatory framework given that cryptocurrencies are not regulated by the FCA.
Privacy currency Zcash announced the release of their 2.0.0 version, introducing the first Sapling-compatible version of the Zcash node software.
Top analysts from major money management firm Sanford C. Bernstein & Co. believe that revenue from crypto trading fees will double in 2018
In merely three days, the Bitcoin price has recovered from $5,850 to $6,500, leading the entire crypto market to rebound by a large margin.
The crypto market has shown a marked recovery from its bearish mood which saw Bitcoin drop below $6,000 to a near 2018 low.