Market

Just like any other significant financial market in this globe, the crypto industry has a lot of predictions and prophets of all colours. The year 2018 started with Bitcoin (BTC) trading around $15,000 which made several investors optimistic about the future of cryptocurrencies. Various forewarnings related to BTC didn’t come to pass by the end of 2018, although the majority successfully proved somewhat naturalistic. Let’s take a drive to some of them.

These are the highly expected projects in the cryptocurrency industry for next year (2019)

During the Christmas period and when the year is ending, traders tend to take stock of their investments and make plans for the future. Strangely enough, this year appears to be coming to its evening on the same note as it began with a lot of mixed sentiments. Albeit, while perspectives on the ordinary performance of the cryptoasset market in 2018 are consentient, the prospects on next year are highly different. Various analysts and experts hope that next year will be an improvement on 2018, while other analysts believe the cryptoasset market is already doomed.

The deputy governor of the central bank of Russia, Sergei Shvetsov, revealed that his financial institution will underprop endeavours to block and stop access to external websites trading cryptoassets in Russia.

Even though the cryptocurrency market is a highly volatile field, Turkish investors prefer Bitcoin over the national currency, the lira. In autumn, trading volumes in Turkey alone rose by 37%, proving that Bitcoin’s popularity was not affected by the bear crypto market trend.

Taxes have always been a hard matter for everyone to deal with. Many countries are devising different rules, trying to manage the fintech field. Traders from all parts of the world are facing the necessity to pay taxes from their crypto activity.

We are pleased to announce that Ripple XRP has been added to EO.Finance! For those unaware, XRP is currently the second largest cryptocurrency in terms of market capitalization. Ripple is the name for both a digital currency (XRP) and an open payment network within which that currency is transferred.

With the prolonged bear market, Bitcoin mining difficulty has lost another 7% of its total capacity over 24 hours. Even though the Bitcoin price recovered over $4,000, miners see no point in continuing their activity. It is still too hard to make a profit or break even under such circumstances.

The bull market appears to have recovered and the charts are indicating a green straddle. The crypto market, which has been suffocating for a while, has finally registered a hasty soar in prices as 2018 comes to an end. On Thursday, December 21, several altcoins saw weighty price clusters, some almost registered double-digit surges.