The price of bitcoin has risen to $5,323.92 today. The price of bitcoin is expected to stay within the range of $5,000-$5,500 over the course of the upcoming week.
The digital asset experienced a high of $5,320.88 earlier in the prior weeks, declined slightly and has come back to the $5,300 level.
The cryptocurrency sector seems as if it is waking up. Cryptocurrency enthusiasts have seen a flurry of activity within the sector over the past few months. Let’s take a look at some of the most compelling events.
- The International Monetary Fund and the Learning Coin – The IMF and the World Bank have partnered to deploy their own blockchain based digital currency. The primary purpose of this activity is said to be to learn the inner workings of the technology and its applicable concepts. As first reported by the Financial Times, their digital currency will not be used for outside utility and would only be used within the organization itself. The organization will use its digital currency to train, incentivize and familiarize staff with blockchain and cryptocurrencies in a more practical manner. An initiative such as this one signals that entrenched institutions are paying more attention to the cryptocurrency sector and expect to see it last.
- Coinnest Closes Down and Etoro Up – The fifth largest bitcoin exchange in South Korea has closed down. Coinnest will stop all trading activity by the end of April 2019. Customers can expect to withdraw their crypto holdings through the end of June 2019. Exchanges across the board still suffer as the bear market continues. Meanwhile, the Israeli based social trading and multi-asset brokerage company has launched EToroX. The secure and compliant exchange will offer more than 35 trading pairs and have the option of conversion to more than three fiat currencies. While a few older exchanges close down, new entrants such as eToro who have a variety of products and have the ability to roll out crypto exchanges with more knowledge and resources.
- BSV is De-listed from Several Exchanges – Binance, Shapeshift, Kraken have already de-listed BSV and others are said to contemplate de-listing the coin. The currency is still relatively stable at $58.00.
- Tuur Demester “Bitcoin in Heavy Accumulation” – The founder of Adamant Capital released a report called “Bitcoin in Heavy Accumulation”, the report is said to have been read by over 7,000 investors worldwide and downloaded more than 2,500 times. The comprehensive report conducts a deep dive into market sentiment.
- Gemni and Segwit – The cryptocurrency exchange run and founded by the Winklevoss twins recently launched full support for Segwit. The cryptocurency exchange did not need to de-list BSV, it never listed it in the first place.
The crypto winter might be slowly coming to an end.
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