Bitcoin exchange rate: Further growth did not hurt
Stock Markets Group – the exchange Rate of bitcoin is preparing to make a new breakthrough in the coming days. The price of Bitcoin after a short break again approached the key resistance of 5300 dollars, ready to grow taller.
In recent days, the cryptocurrency has come under pressure of negative news, but the buyers managed to bring the situation under control.
The forecasts of some experts, published earlier talked about the fact that the most popular asset can break in new drop, and the reason for this could be a momentary closing of short positions on Bitfinex team for a total of about 6.5 thousand bitcoins.
However, optimism for the cryptocurrency markets is such that the news has put pressure on digital asset in just two days, after which the rate again restored.
Most of the cryptocurrency in the top ten also grow. So the Bitcoin exchange rate Cash growing at 1.8%, the Ripple price has appreciated by 1.82%, the cost adds Ethereum 2.31%, while Gold Bitcoin exchange rate rose by 6.52%, and for one coin on cryptomeria offer 18.87 USD.
Total market capitalization of bitcoin at the moment is continually growing and is already 93 172 billion.
Chart bitcoin/dollar ready to cross a new level of resistance, and according to our forecasts, this may occur for several days.
Quotes BTC remain in the positive dynamics of the second week, the participants of the stock market ignore all incoming negativity.
Today, technical factors are still on the side of the buyers, who will use the moment to open new positions at the purchase.
The bitcoin exchange rate was supported by the largest Bank of Japan
That Mitsubishi UFJ Financial Group plans to launch its cryptocurrency, the conversations were more in may 2018. And from time to time the news, often appearing, has supported bitcoin and other digital assets.
Another statement, made the newly appointed President of the fifth largest Bank in the world, Kanetsugu Mike, and announced that MUFG plans to become the first Japanese Bank for launching its own cryptocurrency.
In an interview with local newspaper the Asahi Shimbun, he noted that the new stablein will be provided to the Japanese yen at a ratio of 1:1.
“We are ready to offer something completely new” – said the President of MUFG.
He also added that the new token will become the means of payment which Bank customers can pay at restaurants, supermarkets and other retail establishments.
Earlier, JP Morgan announced the launch of its stablein, intended for use in the corporate network of the Bank.
Despite the fact that the statement of Mitsubishi UFJ Financial Group was the second in the banking sector, the skeptics do not see it as a breakthrough.
The fact is that JP Morgan and MUFG are not creating anything new, besides the launch stablon cannot be considered the “birth” of the new cryptocurrency, because the issue of control is carried out by banks, as it contradicts the main characteristic of such cryptocurrencies as bitcoin is decentralized.
In the current situation, most likely bitcoin exchange rate will react strongly to positive news and try to ignore the negative, so buying crypto currencies will continue in the short term.
Market analyst cryptocurrency
Stock Markets Group™