Blocksmatter Daily Crypto Morning – March 20, 2019

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Good morning! 

The crypto markets continue to trade in very tight range with the total market cap improving slightly to USD 140.0 billion from USD 139.5 billion, in the last 24h. The 24h trading volume continues to remain robust in a range of USD 31 billion. However, in the top 100, the advance to decline ratio remained weak at 39/61. Huobi Token that surged +16.5% in the last 24h is the best performer, followed by Tezos (+16.1%), and Project Pai (+12.2%). Bitcoin, and XRP are marginally up at USD 4,048, and USD 0.3168 respectively while Ether is slightly down at USD 139 in the last 24h, at the time of writing.

It’s a Big Day for Bitcoin Acceptance. Many critics of Bitcoin often argue that its four occasionally five-figure price point is entirely unjustified based on the lack of BTC use in retail. However, over the years, plenty of companies have attempted to nurture the gradual adoption of cryptocurrency by offering to accept payment for goods and services in different digital assets. Two of the latest names on this ever-growing list are the multi-award-winning Swiss online retailer Digitec Galaxus AG and Phoenix-based electronic components supplier, Avnet. In separate positive developments for crypto, crypto-supportive Silvergate Bank has signed on a slew of new cryptocurrency customers in the fourth quarter on 2018 while Blockchain security firm and wallet service BitGo has announced support for Blockchain Capital’s ERC-20 token. In a legal news from the east, an Israeli court ruled that banks can’t enforce a blanket ban against all accounts linked to cryptocurrency. Looking further east, it seems the recent increase in cryptocurrency volumes and solid gains across the board are being buyed by a resurgence of Chinese yuan (CNY) pouring into the cryptocurrency ecosystem.

Have a great day !
Your Blocksmatter Team

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