The rate of bitcoin will go higher despite conflicting forecast
Stock Markets Group – the exchange Rate of bitcoin very closely today went up to around 5300 dollars, but the buyers did not have enough strength to break above this level.
At the moment the price of Bitcoin adds only 0.15%, and reached 5 of 274 USD.
Nevertheless, the strong positive momentum developed the most popular cryptocurrency on the eve remains in force, and specified an important mark is large accumulation of stop orders that when triggered, will provide bitcoin support.
Most of the cryptocurrency in the top ten as well in a moderate plus. However, among the leaders there are those tokens that are cheaper.
So the Bitcoin exchange rate Cash loses 1.82%, Ripple strengthened by 0.12%, Ethereum soared 2.72%, and the rate Bitcoin Gold fell by 0.23%, and for one coin on cryptomeria offer 17.09 USD.
Total market capitalization of bitcoin at the moment is 93 452 billion.
Chart bitcoin/dollar practically has not changed and signals the continued growth of BTC. Moving average acting intermediate support remains under the price line and technical indicator Ichimoku confirms the presence of a sufficient number of buyers in the market.
In the current situation, the quotes will continue to fight for new levels. So if the price of bitcoin will break the $ 5 $ 300 and are fixed above, next target for buyers will be the level of 5600 dollars.
We expect that in the coming days, the situation on the market of cryptocurrencies will not change, and the growth rate of Bitcoin will continue.
Bitcoins are not afraid of the IMF and the world Bank
Meanwhile, the international Monetary Fund are ready to develop virtual money. This issue was raised by leaders at the next spring summit of the world Bank Group and the IMF held in the United States.
In recent years, the world has dramatically increased the volume of cashless transactions, and the emergence of bitcoin challenges the traditional financial system, limiting the state in the management of cash flows.
This led to the fact that a quarter of the world’s banks are thinking about introducing their own cryptocurrency, and some of them have already announced the launching of such projects.
Speaking at the summit, the IMF, Deputy Governor of the Bank of Canada Timothy lane, sketched risks, benefits and opportunities presented by the introduction of digital tokens.
The main emphasis in his report, lane made on interest rates as this is an area that should be monitored by Central Banks, but in the current conditions, for example, as with bitcoin, this factor is lost with the decentralized nature of cryptocurrencies.
However, lane added that in order for the system to work, the public needs to be really sure that this is something that needs to be saved. And that, in his opinion, should be the primary motivation for issuing banks CBDC.
Following the meeting, there were no important decisions, but Christine Lagarde, the IMF has recognized that cryptocurrencies and bitcoin has already enough influence on the world financial order and this has to be considered.
The issue of digital assets is gradually moving from the category of private technology in the state, and even international level.
Bitcoin in recent years has been quite noticeable for the world economy and it seems that the banks analyze the situation not only on the basis of course that could change dramatically, but looking at the blockchain technology that can bring profit.
Market analyst cryptocurrency
Stock Markets Group™