Yesterday, the cryptocurrency market grew slightly. Bitcoin has reached $ 3,690. The price of Ethereum was 124 dollars, and XPR quotes rose to the level of 0.3040.
The developers of the Ethereum Foundation reported a new technical problem in the upcoming launch of the Constantinople network update. The discovered vulnerability affects some smart contracts with the possibility of self-destruction. Traders react negatively to any security problems related to the cryptocurrency market infrastructure, fearing for the safety of their own assets. Investor distrust slows down the recovery of virtual currencies.
The South Korean cryptocurrency exchange Bithumb has signed a preliminary agreement with a firm from the United Arab Emirates on the launch of a licensed trading platform for digital assets with support for fiat currencies. The new partnership should help Bithumb in perspective to enter the markets of Saudi Arabia and Bahrain. The expansion of the platform’s presence in this region is a positive factor for the virtual currency market due to the attraction of new investors.
Chief strategic officer of Ripple California fintech startup Corey Johnson left the organization. The press service of the company said that the decision to abolish the position was taken due to the prevailing market conditions. This news yesterday limited the growth potential of XPR, as fear of the current crisis of cryptocurrency increased among traders.
In our forecast for Wednesday, we assume a downward correction of the virtual currency market. Bitcoin can drop to support levels of 3670, 3630 and $ 3,600. Ethereum support is located at $ 121, 118 and $ 116. The price of XPR can go down to the marks of 0.3010, 0.3000 and 0.2950 dollars.
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2021 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.