The cryptocurrency industry never has a dull moment. With “FUD” (fear, uncertainty, and doubt) being spread about certain projects, it’s difficult to know what is true or not.
Despite being in a steep bear market for the past year and a half, things are starting to look up for the cryptocurrency industry – particularly for Bitcoin.
Expected to be launched during the first half of this year, Facebook will introduce its Facebook Coin. Facebook Coin will be a stablecoin pegged to $1 USD.
In a recent interview with Bitcoinist at DevCon Seattle, NEO founder Da Hongfei provided details about his insights into what he believes the future of cryptocurrency looks like.
Leading bank JP Morgan has launched JPM Coin, a blockchain-based token that is used as a settlement layer for their wholesale payments business. The lender’s wholesale payments business moves over $6 trillion daily around the world.
It’s a bearish start to the week for the majors. Following a mixed bag last week, failure to move through to key levels could weigh heavily this week.
It’s into the red for Ethereum, with a move back through to $137.50 levels needed to signal a pre-weekend rebound. The bias remains in favor of the downside mid-week.
After a strong set of gains last week and a broad-based crypto rally on Saturday, its a sea of red early on. Holding onto key levels will be needed to support further gains in the week ahead.
It’s another bullish start to the week, but support from the broader market will be needed for Binance to break through to $16 levels.
After a bullish week last week, Stellar’s Lumen leads the way at the start of the week. A hold onto key levels would support more upside in the week ahead.
|Williams %R (14)||-28.8948|
|Stochastic RSI (14)||98.734|
|Ultimate oscillator (7,14,28)||58.5241|
|Stochastic Fast (14)||71.1052|