The performance of initial coin offerings in the first quarter (Q1) of 2019 was worse compared to previous years. The total amount of ICOs and the number of investments indicate that around 381 token sales were completed in the fourth quarter (Q4) of last year and just 108 projects revealed amount on engrossed investments.
The fast-growing broker with over 200,000 active traders worldwide aims at being the go-to app for the new generation of mobile-first traders. SimpleFX has just added three groundbreaking features to its award-winning WebTrader and promotes the improvements with a “March Madness” offer. For the whole month, traders can earn $500 with a 20% spread cashback.
The crypto industry has experienced another significant wipeout of around $5 billion that has affected Bitcoin (BTC), the flagship digital currency, gravely, placing it under the $3,500 level. At press time, the market cap is at $119 billion, falling $5 billion from Sunday’s (Jan 20) total of around $124 billion.
Since early last year, cryptoasset investors have been caught in prices declines, fake news, accounts of fraud etc. which have weeded out the weak speculators. Eventually, this has created a community of investors that more likely believe in the nascent technology or doubt that another wave of speculators will push the markets back to or above their antecedently accomplished all-time-highs.
Blockchain technology is being highly adopted in all corners of the world, but Italy seems to be running away from it. Citizens are not sure where exactly the country is heading, some think it's going back to year zero.
The crypto market has been unfavourable for the majority of cryptos such as Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin. But good enough, Bitcoin (BTC) has managed to increase by around 20% from December 17 when it was trading at $3,181 to December 20, 2018 trading at 3,801, at press time. Moreover, the rally seems to last as the price went up to $4,091 in a couple of hours. The recent crypto rally led the market cap not to fall below the valuation level of $100 billion.
On Monday, December 17, 2018, the crypto markets showed signals of a recovery, but the significant target was on Ethereum, which surpassed Bitcoin Cash in price for the first time ever since these two cryptos were created.
Over the last week, Bitcoin fell below the mark of $3,300. It even passed two support levels at $3,250 and $3,200, however, it found support above $3,120. Is it likely that Bitcoin will rebound in the short term?