Cryptocurrency assets traded down on Monday. Bitcoin fell to $ 3,810, Ethereum reached $ 130, and the XRP price dropped to $ 0.3025. The key reason for the decline in the digital currencies market was a series of negative fundamental news. Thailand’s financial regulator has eliminated a number of digital assets allowed in the country, in particular, Bitcoin Cash, Ethereum Classic and Litecoin have been removed. Now you can use only four digital assets - Bitcoin, Ethereum, XRP and XLM for investing in ICO and making transactions in ICO token pairs. Meanwhile, the regulator reminded that this list is not a confirmation of their legal tender status. Also, the news that the US Federal Reserve System may include a scenario of a possible collapse of the virtual currencies market in the list of risks during control stress tests turned out to be negative for the digital financial assets market.
The issuing company of steblockcoins Tether and the developer of the Tron protocol have announced a partnership, under which the USDT token will be launched on the Tron blockchain. The new asset will join the Tether steakblock group on the Bitcoin and Ethereum blockchains. Token launch is expected in the second quarter of this year.
In our forecast for Tuesday, we expect further Bitcoin price reduction to the levels of 3800, 3750 and 3700 dollars. Ethereum will go down to 127, 125 and 120 dollars, and the price of XRP will go to support of 0.3000, 0.2950, â€‹â€‹0.2900 dollars.
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