Bitcoin: Corporations are driving the cryptocurrency in DarkNet

  • And
  • +A

Bitcoin in the last 24 hours adds only 0.7%. It seems to be a slight increase, but what’s important! It is the highs of January and a great bullish signal.
Interesting buy opportunity appear in the moment when the rate of BTC is not just pass the 4000 mark, but to fixate above it. Most likely, then optimism will prevail over the uncertainty of investors, increasing the potential of the series of bullish trades.
If you stop looking for “happiness is in the details”, then, hand on heart, that the dynamics of any comparison does not go with the collapses of last year. As we remember, just a month from November 14 to vertically BTCUSD rate fell from 6200 to 3100. At the same time, tried to restore justice uptrend since February 8 for a whole month and a half managed to raise quotes only 25%, from 3300 to 4100.
Even in the longer term, the situation looks not so optimistic. The Bitwise operator conducted an investigation, which revealed that 95% of all trading volumes on the unregulated BTC exchanges were… rigged. Strange, but the fact remains: at the moment, it did not affect quotes. However, when market participants calm down, obstreperous from their own open positions and think about it, the reaction will not keep itself waiting.
As became clear in the previous weeks most interesting on crypto market is in the days when “no one bothers” – namely, Saturday and Sunday. It is likely that over the weekend investors will analyze the data and will not be able to ignore such negative factors.
Meanwhile, it becomes clear: the big players are clearly determined to oust Bitcoin. Recently it became known that the startup is developing a crypto Wuabit for WhatsApp. To the current time, almost all the leading IT companies in the world recruit in the state of the blockchain and engineers prepare their projects. It seems to be “too late” and “irrelevant”, but those latecomers so much that the time to talk about a new trend.
Access to the markets for money transfers, logistics, security, artificial intelligence and other areas of large public and transparent to regulators of companies capable to return the existing cryptocurrency in DarkNet, where it all began.
_________________________
Alexander Kuptsikevich,
Analyst
FxPro