Crypto Winter Will End Soon

March 18, 2019   Stellar

Cryptocurrencies can grow on the statements of the representative of the SEC USA


The main cryptocurrencies go up after the SEC USA senior adviser on digital assets and innovation Valerie Schepanik said that "cryptowinter will end soon."

Against the background of this statement, the Bitcoin rate, according to Libertex, increased by 1.2% per day by 1.2% and rose above $ 4,000, reaching $ 4,001 with a capitalization of $ 70.8 billion. Ethereum by this time went up by 1.65% - to 139.7 dollars with a capitalization of 14.7 billion dollars. XRP for the day added 1.56% and rose to 0.32 dollars, its capitalization amounted to 13.1 billion dollars.

Litecoin rose by 2.12% to $ 61.2, its capitalization reached $ 3.7 billion. An additional positive for this cryptocurrency was brought by the news that the Huobi Exchange will start supporting Litecoin on the over-the-counter platform Huobi OTC from March 19. The total capitalization of the crypto market has reached $ 139.6 billion.

In general, over the past five months, BTC trading volumes have grown by about 150%, while average daily volumes today are at their highest levels since January 2018.

According to financial scouts, despite the fact that a strong downtrend has formed on the market, cryptocurrency has a chance of growth in the near future, given the SEC representative’s statements: Bitcoin may strengthen to $ 4,050, Ethereum - to $ 140.4, XRP - to 0 , 33 dollars, and Litecoin - up to 62 dollars.

One of the main newsmakers of the last week was the project Stellar. On March 12, the Stellar Development Foundation introduced a new logo, abandoning the “spacecraft”, which has long been associated with this cryptocurrency. The very next day, the leading US cryptocurrency exchange Coinbase Pro announced support for Stellar (XLM). Soon we can expect the appearance of XLM on the main platform Coinbase.com and in mobile applications.

The Chicago Stock Exchange (CBOE) said it would not add new Bitcoin futures contracts in March under the pretext of revising its approach to working with this tool. Previously posted Bitcoin futures remain available for trading. This means that the last of the contracts currently being traded: XBTM19 - will expire in June of this year. At the same time, the Chicago Mercantile Exchange (CME) announced that it does not intend to suspend trading in Bitcoin futures or exclude them from listing.

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