An overview of the cryptocurrency market Saturday, April 17

An overview of the cryptocurrency market Saturday, April 17

Bitcoin recovers the $ 62,000 balance

After the last record set earlier this week at $ 65,000, the market's top cryptocurrency reversed its trajectory and gradually declined.

As we reported, Turkey will ban the use of digital assets as a means of payment. Following the news, the market price of the first cryptocurrency fell more than $ 4,000.

This led to a daily price drop of more than $ 60,000 (on Bitstamp). However, the cows regained control and did not allow the price to fall below this level. On the contrary, BTC has jumped around $ 2,000 since then and is now above $ 62,000.

Technical indicators suggest that the first barriers to bitcoin resistance are at $ 62,500, $ 63,766 and the $ 65,000 record. Conversely, if the price falls, the asset could rely on support levels of $ 61780 and $ 60,000.

 

Bitcoin Cash returns to the top 10 currencies

Most replacement coins in the market mimicked yesterday's BTC performance with a significant decline. However, today they are mostly in the green space. Atrium fell more than $ 150 yesterday, but jumped 3% to its $ 2,500 record.

 

Bainance Quinn, which closed its 15th quarter token burning yesterday, fell below $ 530. However, BNB has grown by more than 5% and is now trading at around $ 540. Ripple (1%), Cardano (2%), Polkadot (2%) and Uniswap (1.5%) are also green. LightCoin and ChinaLink rose 13 percent and 6 percent to $ 323 and $ 43, respectively.

 

Dogecoin continued its impressive performance and is now trading above $ 0.3. Yesterday, this popular Meem Quinn reached more than $ 0.4 and its highest historical record.

Bitcoin Cache also showed the best performance among high-value cryptocurrencies with a dramatic 25% increase in 24-hour timeframes. As a result of these developments, BCH re-entered the top 10 currencies in the market with a price tag of $ 1,150.

 

Siacoin (76%), Nano (70%), Ethereum Classic (50%), Verge (45%), Vechain (41%), DigiByte (35%), Neo (20%), Ankr (20%) and Zilliqa (20%) have also been bullish today.

Finally, the cumulative market value of total cryptographic assets has increased by $ 100 billion since yesterday.

XRP returns to the Kevin Gate payment company platform - Saturday, April 10

XRP returns to the CoinGate payment company platform - Saturday, April 10

CoinGate, a digital currency payment service based in Lithuania, has returned the XRP token to its platform.

The company announced in an April 9 announcement that non-US users could now purchase the XRP token and use it as a means of payment.

CoinGate attributed the change to Ripple's success in his legal battle with the US Securities and Exchange Commission.

In particular, he referred to an out-of-court comment made by Judge Sarah Netborn, made by Ripple's lawyer at a hearing:

However, the case began after the first court hearing in Ripple's favor, where one of the judges observed that XRP "has a useful tool that distinguishes it from Bitcoin and Atrium."

The company says that as soon as the legal clarification, we will take the next steps in the lawsuit between the SEC and Ripple.

 

The cryptocurrency community has tirelessly called for XRP to return to US trading platforms after XRP reached its highest price in three years.

 

Coinbase, Binance.US and Kraken have all suspended XRP transactions in the US due to SEC crackdowns.

GrayScale buys $ 709 million in bitcoin and atrium in less than a month

GrayScale buys $ 709 million in bitcoin and atrium in less than a month

In recent weeks, Grayscale has added millions of dollars of Bitcoin and Atrium to its digital currency portfolio.

According to Bybt, the institute added 7280 bitcoins worth $ 348.28 million and 240,000 atriums worth $ 361.5 million to its total assets between February 1 and February 26. In total, Grayscale increased the value of its GBTC and ETHE funds by $ 709.2 million this month.

Bybt data show that the number of Gayscale bitcoins increased from 648470 bitcoins on February 1 to 655750 bitcoins on February 26.

Also in the Atrium Fund (ETHE), assets rose from 2.93 million atriums on February 1 to 3.17 million atriums on February 26.

This Grayscale investment brings the total value of the assets managed by the institution to $ 35.38 billion.

By 2020, assets under the management of the Grayscale Bitcoin Trust will increase from $ 1.8 billion to $ 17.5 billion.

While Bitcoin and Atrium are the institution's largest portfolio assets, other funds use cryptocurrencies such as Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Zcash (ZEC). , Horizen (ZEN), and Stellar (XLM) are also available.

In addition, in January, the institute announced the registration of other altcoins. These assets include Aave (AAVE), Cardano (ADA), Cosmos, (ATOM), EOS (EOS), Monero (XMR), Uniswap (UNI), and Polkadot (DOT).

Economic calendar Thursday, February 18

Economic calendar Thursday, February 18