Crypto Market

The Cryptocurrency market is changing following the onset of the deadly coronavirus virus ‘Pandemic’ which started in late 2019. Data indicates a significant shift in the trend of trading with the cryptocurrency markets for periods before the outbreak of the coronavirus and periods after the outbreak of the virus.

Our recent analysis of available automated trading software in the cryptocurrency space revealed that the Bitcoin Revolution application shows over 73% accuracy in trading predictions. This puts the Bitcoin Revolution ahead of other software in the Bitcoin and crypto market.

The whole blockchain and crypto market has seen gains in the prices of digital assets, especially Bitcoin, the oldest and leading cryptocurrency by market capitalization. On May 12, Bitcoin (BTC/USD) traded above the $7500 price level, which is its record high price since August 3, 2019 (around nine months). Several crypto analysts anticipate BTC to skyrocket and hit $10,000 before this month ends.

For over half a year, Bitcoin has been trading low and the entire crypto market was in a depression, until surprisingly on May 9, the world’s leading cryptocurrency by market cap surged above the $6,000 price level. Experts in the digital currency industry are optimistic that the next bull run is possible and could even happen earlier than it was expected.

In the head of everyone who follows the crypto market, the thought was carried: to return to the past and buy bitcoins at the price of gum.The project BeeNode gives this opportunity. Today niche of mining cryptocurrencies occupied by industrial giants with ASIC-farms on thousands of square meters, the ICO is often conducted in a closed offstage, and exchange is being terrorized by pumpers.

2018 was definitely a positive year for the Italian crypto market as a whole, with a recorded growth of 2.7% compared to 2017. As for this year, a 2.5% growth was recorded, which is also a good sign, given the unfavourable circumstances. The crypto market may play an important role in preventing the negative economic situation that is expected for the coming months.

The 24-hour Bitcoin (BTC) price has remained relatively stable trading above $4,000 level for a few consecutive days, but it has failed to hit the key resistance level at $4,200. At press time BTC/USD is trading at $3,962, with a market cap of $69.787 billion and the dominance of 50.9%.

The CEO of Twitter and Square, Jack Dorsey, has noted that he is using thousands of U.S dollars (fiat currency) weekly on Bitcoin (BTC), the leading cryptocurrency by market cap, hoping that the crypto market will turnaround. He revealed that he had hit his weekly BTC purchasing limit of $10,000 using his individual Cash App.

The entire crypto community is waiting for the approval of Bitcoin exchange-traded funds (ETFs). Since last year, more than 9 ETFs have been rejected by the United States (U.S) Securities and Exchange Commission (SEC).