Cryptocurrencies grow on the partial cancellation of advertising ban

May 10, 2019

The price of Bitcoin rose on Thursday, overcame key resistance at $ 6,000 and reached 6,200. Ethereum rose to $ 174, and XRP cryptocurrency was trading at a key level of $ 0.3000. The total capitalization of the cryptocurrency market has grown to 192 billion dollars.

On Friday, the main cryptocurrencies are actively growing, and Bitcoin has risen above $ 6,000 first since November against the background of reports that Facebook has partially lifted restrictions on advertising of digital assets imposed in January last year. In addition, Binance Crypto Exchange, with which hackers previously stole Bitcoins for $ 41 million, announced that it would pay damages to its customers.

Bitfinex Cryptocurrency Exchange has received confirmation from investors for the purchase of the entire offer of LEO tokens worth one billion dollars. Thus, with high probability Bitfinex will not conduct a public sale of tokens. Private stage tokensale ends May 11. Bitfinex holds IEO to cover $ 850 million, which were frozen in the accounts of the payment company Crypto Capital, which is why the exchange started having problems with the prosecutor's office in New York. LEO tokens will be bought by the exchange at market prices on a monthly basis. For this purpose, Bitfinex intends to allocate at least 27% of its profits, while it reserves the right to buy out the tokens within 18 months after the funds have been unfrozen.

Facebook may announce the launch of its own cryptocurrency in the third quarter of this year. The first country where the new steyblecoin will be tested is supposed to be India. Here, ordinary payments are already being tested on the basis of WhatsApp Pay's Facebook service. At the moment, the blockchain team of the division consists of 50 people, but the company continues to actively search for specialists. Recently it became known that the Facebook initiative is called Project Libra. Facebook's initiative to launch its own stableblock will significantly speed up the massive adoption of cryptocurrencies. After launching a token from the largest social network in the world, the number of holders of digital assets will increase two to three times.

Against the background of this news, the Bitcoin rate, according to Libertex, has increased by 4.02% per day - up to $ 6,296 with a capitalization of $ 111.3 billion. Ethereum by this time has risen in price by 2.47% - to 174.1 dollars with a capitalization of 18.5 billion dollars. An additional positive for this cryptocurrency was the message that the test network was launched for Ethereum 2.0 - a large-scale network update is currently being prepared, which will increase its security and throughput.

XRP for the day strengthened by 0.34% - to $ 0.298, its capitalization amounted to $ 12.7 billion. Litecoin rose by 4.16% to $ 76.9 with a capitalization of $ 4.7 billion. The Litecoin team announced the launch of a new version of Litecoin Core v0.17.1 digital storage, which, in particular, implies a reduction in storage fees.

The total capitalization of the crypto market has reached $ 192.3 billion. According to financial scouts, the growth of cryptocurrency may continue in the near future due to a number of positive factors. Bitcoin can go up to $ 6350, Ethereum up to $ 175, XRP up to $ 0.3, and Litecoin up to $ 78. And in our forecast for Friday we assume a slight bitcoin correction to the levels of 6150, 6100 and 6000 dollars, Ethereum to the marks of 172, 170 and 167 dollars, and further XRP trade in a narrow range around the level of 0.3000 dollars.

Cryptocurrency: Bitcoin

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