If you have even an iota of interest in finance, or technology, or both, then you would surely have heard of Blockchain and cryptocurrency. For the last few years, they have captured everyone’s imagination and also grabbed a lot of invested dollars.
Last month (March, 2019) brought some hope and confidence to the crypto community after a protracted bear market, with some digital currencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB) and others, recording notable performances. All the top 10 cryptocurrencies by market capitalization (MC) are in green, also allowing for exclusion of the stablecoin.
IBM Corp., one of the leading technology providers for creating crypto, revealed that two bullish U.S. banks are gauging the benefits of following JPMorgan’s position in issuing a stablecoin. JPMorgan is the biggest U.S. bank in terms of assets, it moves over $5 trillion in wholesale payment daily. The move by IBM threatens Ripple in one way or another.
Bitcoin (BTC) is accumulating profits after a significant surge in value on Tuesday, March 5. The flagship crypto hit around $3,900 resistance, but the positive impetus bleached during hypothetical standing on the crypto market. Bitcoin is currently trading at around $3,934 (-0.53% 24h and 1.96% 7d) price, with a market cap (MC) of more than $69.169 billion.
The price of Ethereum soared with high momentum by 15.13% over the weekend recovering from its Friday lows of $146 to Sunday highs of $168.58. At press time, Ethereum is trading at $138.52 (-0.99% 24h), Bitcoin (BTC) trades at $3878.28 (0.17% 24h) and Ripple at $0.314041 (-1.94% 24h).
The flagship cryptocurrency Bitcoin is up 0.39% (24h), and is changing hands at $3849.49 at press time. Ethereum (ETH) and Ripple (XRP) are also still pulling ropes in the market. Bitcoin (BTC) yesterday experienced low volatility, having plunged to as low as $3807.00 and surged high hit $3913.71.
Cryptocurrency has been trading higher for almost a week, prompting them to overcome and endure a latent inrush. The positive technical picture indicates that major support is near for all top three digital currencies hence triggering them to soar high.
Blockchain technology is the phenomenon behind the most popular cryptocurrencies such as Bitcoin, Ethereum and Ripple, as it was apprehended by Satoshi Nakamoto in 2008. Distributed ledger technology (DLT) is an effective communication and data exchange protocol designed in a series and chains of blocks. Italy is the fourth country in the world as far as the use of Bitcoin is concerned.