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2.74%

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3.93%

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0.04%

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XRP$0.606912

1.25%

Cryptocurrency market grew slightly


#Bitcoin

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.

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