Cryptocurrency assets traded on Thursday in different directions. Bitcoin strengthened to the level of 4050 dollars, Ethereum fell to the level of 139 dollars, and XRP fell to the level of 0.3075. The main cryptocurrencies on Friday continue to moderately decline amid the news that hackers broke into the crypto exchange CoinBene. The burglars were able to withdraw digital assets from the trading platform for more than $ 105 million.
According to Libertex, at 9.30 the bitcoin rate dropped over the day against the background of this news by 0.05% - to 4013 dollars with a capitalization of 71.1 billion dollars. Ethereum fell 0.07% to $ 137.4, its capitalization was $ 14.6 billion. XRP per day fell by 0.98% - to $ 0.307 with a capitalization of $ 12.8 billion. Litecoin weakened by 0.83% - to 59.9 dollars, its capitalization amounted to 3.7 billion dollars.
Japan's financial regulator announced that it had approved two more applications for a license of a cryptocurrency exchange. Thus, the number of licensed exchanges in the country reached 19. One of the two new licenses will be owned by Rakuten Wallet, which has already announced that it will launch the exchange in April. Rakuten Wallet is owned by Japan’s largest online retailer. Japan is one of the few countries where cryptocurrency exchanges are subject to the financial regulator. A recent study by research firm Coinfirm showed that almost 70% of cryptocurrency exchanges do not meet regulatory requirements, including even large ones, such as Binance. Regulation of the cryptocurrency industry will reduce the attractiveness of a part of clients due to lack of anonymity, but will lead to an influx of money from institutional large investors and will have a positive impact on the entire industry.
The total capitalization of the crypto market has reached $ 141.5 billion. However, the good news for investors could be the message that KuCoin has launched the option to buy cryptocurrency from a credit card.
Another necessary factor for the further growth of the cryptocurrency market will be more active use of the blockchain in other industries. On the blockchain trade finance platform Marco Polo, the first two real deals were made, with the participation of two German companies. The deals were related to the delivery of industrial equipment to Germany and China. Representatives of the blockchain platform stated that the next stage of development will be conducting transactions with direct connection to enterprise resource planning systems.
In our forecast for Friday, we assume a slight increase in Bitcoin to the levels of 4075, 4090 and 4120 dollars, Ethereum to the marks of 140, 142 and 145 dollars, and strengthening of XRP to the levels of 0.3100, 0.3125 and 0.3150 dollars.
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