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Price predictions

Visa will open a cryptocurrency unit


19 Mar 2019   #Bitcoin

Cryptocurrencies are stable on the news about the crypto-division of Visa


Bitcoin and the rest of the cryptocurrency market again showed growth at the weekend. The reference cryptocurrency overcame the threshold $ 4K, adding about 3%. Altcoins showed a more significant growth. The total capitalization jumped by $ 6 billion against Friday levels and reached $ 142 billion.

The main cryptocurrencies on Tuesday are quite stable against the background of the news that the Visa payment system will open a cryptocurrency unit. At the moment, the company is already engaged in the selection of employees. At the same time, the news that Citigroup will not launch its own cryptocurrency, as previously planned, was a negative thing for the crypto market. The banking group believes that existing technologies are more efficient than blockchain-based systems.

According to Libertex, at 10.00 a day the bitcoin exchange rate grew by 0.1% and rose to the mark of 3957 dollars with a capitalization of 70.8 billion dollars. Ethereum by this time has risen in price by 0.07% - to 136.6 dollars with a capitalization of 14.7 billion dollars. XRP for the day turned out to 0.13% and rose to 0.3134 dollars, its capitalization amounted to 13.1 billion dollars. Litecoin rose 0.17% to $ 58.7, its capitalization reached $ 3.7 billion.

Many cryptocurrency investors eagerly awaited the green light from the SEC to launch the first Bitcoin-ETF, which would allow more crypto products to appear on Wall Street and also give institutional investors more direct access to this asset class. Now these expectations have moved to 2019. Despite the “crypto-winter”, after Bitcoin reached its historic maximum in December 2017, investment demand for Bitcoin remained very high. Thanks to the slowdown of the SEC, Binance is now actively replacing Wall Street brokers. The crypto capitalists, including Cameron and Tyler Winklevoss, said they welcome the actions of the SEC in the context of a more thorough assessment of the situation, as well as the emergence of federal regulation and supervision.

The total capitalization of the crypto market was $ 139.4 billion. According to financial scouts, a fairly strong downtrend continues to operate in the market, so bitcoin may weaken to $ 3,900 in the short term, Ethereum to $ 135, XRP to $ 0.31, and Litecoin to $ 58.

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