Further increase in the Bullish pressure will penetrate the supply zone of $149 and may target $161 price level. On the other hand, in case the Bulls lose their pressure Ethereum price may continue ranging towards $134 demand zone.
IBM announced today that its global payment network, IBM Blockchain World Wire, has enabled payment locations in 72 countries, with 47 currencies and 44 banking endpoints and that it has signed letters of intent with six global banks.
Should the Bulls maintain their momentum, it will lead to heavy buy-off that will send Bitcoin price to the resistance level of $4,254 but lose in the Bull’s momentum may lead to consolidation around $4,050 price level.
Quantum computing is slowly spreading in the digital world with IBM on the forefront with the launch of their quantum computers. It will disrupt the whole crypto world in the near future.
Few months ago, we were witnessing the warnings from analysts that Visa and Paypal will possibly be squeezed out from the market from Bitcoin and other cryptocurrencies. Be as it may for Paypal, but VISA Inc. is building a new “Crypto Team”.
Over the weekend, Bitcoin has moved past its crucial resistance of $4000 showing up signs of recovery after a long phase of consolidation.
Riot Blockchain is planning to set up a U.S-based regulated cryptocurrency exchange. It has already filed with the SEC.
All users have to do is to download the plugin on GitHub and follow the instructions that came with it to begin accepting XRP.
The Coinbase team has announced that Coinbase Pro, the exchange’s advanced trading platform which supports features not available to the consumer platform, will experience several changes on March 22.
Alibaba Holding Group finally triumphed in their pursuit to forbid using the term ‘Alibaba’ in the Alibabacoin, created by the ABBC Foundation, previously known as Alibabacoin Foundation.
Mozilla’s Denelle Dixon succeeds Jed McCaleb, Stellar’s co-founder as he moves to focus on the network protocol and adoption strategy. Denelle is expected to start her new job in May.
Mark Karpeles, who presided over the dramatic 2014 collapse of the world’s biggest cryptocurrency exchange Mt. Gox, was found guilty of tampering with financial records but will likely avoid jail time after receiving a suspended sentence.
The crypt-community awakened with the revelation that the USDT is not really backed by the dollar and commentators allege that it could in future pull an exit scam stunt.
The Chicago Board Options Exchange will stop listing new Bitcoin futures on its platform this month as it needs to review its approaches in this sphere.
In case the Bears prevail over the Bulls the XRP price will decline towards $0.30, break the level and face the $0.28 demand level. Otherwise, the XRP price may still rally to the north.