What Changed in the Crypto Markets While You Were Sleeping — March 26

2021-3-26 10:42

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.

Bitcoin (BTC) Update

Bitcoin has recovered slightly today after dropping to $50,300 on March 25. BTC is currently trading for $52,680 — a 4.5% gain for anyone that was able to perfectly time yesterday’s dip.

However, BTC isn’t out of the woods yet. It’s broken down below a channel that has been ongoing since Dec. 12, 2020.

BTC Chart by TradingView

In cases like this, it’s normal to see the price retest the support line as resistance. This appears to be what’s happening now. Whether or not BTC can move back into the channel will likely determine the direction of the trend.

Altcoin Movers

The top-ten ranked cryptocurrencies have seen a bit of rearranging this week. After initially breaking into the top-ten on March 23, Theta Network (THETA) has continued seeing success. It has usurped Litecoin (LTC) to become the ninth-biggest cryptocurrency by market cap.

CoinMarketCap is reporting #87-ranked Qtum (QTUM) is performing the best today. It’s up by more than 21% and trading at $9.08. In the past week alone, the asset has gained 33%.

MVL (MVL) currently ranked #99 is the worst performer in the top-100 this morning. It’s down 9.3% and trading at $0.049, although it’s still up by more than 34% in the past week.

In Other Crypto News

Continuing on with the craze of non-fungible tokens (NFT), the VeryNifty platform has introduced NFT flash loan features. VeryNifty announced that the first flash loan function will be available for the Hashmasks NFT collection. The flash loan smart contract enables users to borrow a set of Hashmasks and claim the platform’s native Name Changing Tokens (NCT).

Ethereum has also been a hot topic for conversation. A new Ethereum staking trust has been launched by Staked to attract institutional investors to the new financial landscape. The product is offering an annual percentage yield of 7.5% in ETH. Investors can capture both ETH exposure and a growing ETH balance due to crypto staking rewards.

Microsoft revealed the launch of its own decentralized identity platform built on the Bitcoin blockchain. The platform, named ION, is the software giant’s bid for delivering decentralized identity applications in the digital world.

The post What Changed in the Crypto Markets While You Were Sleeping — March 26 appeared first on BeInCrypto.

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bitcoin march btc 680 currently trading gain

Источник: beincrypto.com

bitcoin march → Результатов: 126


Bitcoin hash rate has boomed 64% since March’s lows in trend positive for price

When Bitcoin fell from $7,700 to $3,700 within 24 hours in March, investors were claiming that the cryptocurrency was toast. As with every other crash, discussions began to crop up about “miner capitulation” or a “miner death spiral,” which is the theory that suggests when BTC crashes, miners will stop mining, liquidate their cryptocurrency, then […] The post Bitcoin hash rate has boomed 64% since March’s lows in trend positive for price appeared first on CryptoSlate.

2020-4-21 10:00


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Malta Digital Exchange Relocates to Malta Stock Exchange Premises

The relocation of Malta Digital Exchange (MDX) to the premises of the Malta Stock Exchange shows the country’s commitment to remain at the forefront of the blockchain industry. The goal of the initiative is to boost efficiency and reduce the costs associated with blockchain-based stock trading, as reported in a  March 5, 2019 Times ofRead MoreRead More.

2019-3-7 20:00


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BlockFi Pushes for Crypto Adoption by Offering Lucrative Interest on Bitcoin, Ether Deposits

Cryptocurrency loan platform BlockFi now allows users to earn interest as high as 6. 2 percent per annum on their digital currency deposits, reports Forbes, March 5, 2019. Lucrative Interest Rate Becomes the Talk of the Town The lines between traditional financial institutions like banks and digital currencies seem to be blurring at an astounding rate.

2019-3-7 13:02


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