On Friday, the BTC chart looks ambiguous. Main fluctuations of the leading crypto are at 16,425 USD. The market is selling cautiously.
On the one hand, panic around the instability of crypto exchanges and possible bankruptcies after the crash of FXT has somewhat subsided. Yet this happened just because there is no fresh news, and the existing events have already been accounted for by quotes.
On the other hand, trading activity remains below average, and the flow of money out of the crypto market remains mighty. In such circumstances, a directed movement is hard to form.
Technically, the growth is held back not only by healthy cautiousness and the self-preservation instinct. The level of 16,850 USD is the resistance, above which the BTC needs to secure to pass to 17,200 USD.
Capitalisation of the crypto market on Friday is 826.8 billion USD. The BTC takes up 38.2%, the ETH — 17.5%.
American Air and Air Canada now allow for buying tickets for the SHIB token. Such payments will be available by Visa Pay FCF cards. Apart from the SHIB, 20 more stablecoins will be able to buy tickets. This isn't he very practical use of crypto that has been so much spoken about.
A crypto trading app Lemon Cash (Argentina) is cutting down on the staff. The number of employees has dropped by 38% because of the problems in the sector.
Grayscale assets are no less than 633 thousand BTC
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.