Monday, March 30, 2020

BTC price above 8K, Wash trading decreases by 35% – Crypto In-shorts

The Takeaway:

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Crypto bulletin

BTI reports decline in wash trading

Blockchain Transparent Institute has reported a drop of 35% in the global wash trading on cryptocurrency markets. According to BTI, the wash trading in September reduced by 35.7% among the top 40 exchanges. Kraken, Coinbase, Upbit, and Poloniex continue to stay the cleanest trading platforms. Among crypto coins, Bitcoin is wash traded under 50%, Ethereum around 75%, Ripple at 55%, and Litecoin at 74%.

Bitcoin escrow service charged with BTC fraud

Jon Barry Thompson, the head of a Bitcoin escrow service, has been charged with a $7 million Bitcoin (BTC)-related fraud by The United States Commodity Futures Trading Commission (CFTC). The regulator reported in an official news release that Jon Barry Thompson of Easton, Pennsylvania is charged with “knowingly or recklessly making false representations to customers in connection with the purported purchase of Bitcoins worth over $7 million.” He is also accused of lying to the users about the location of bitcoins.

 

Bitcoin Price

Current Bitcoin Price – $8,366.43

Yesterday, Bitcoin opened at a price of $8,104.23. The fluctuations drove it to the lowest value of $7,830.76 and the highest value of $8,314.23 in 24 hours. Bitcoin closed at $8,293.87 and saw an increase of 2.34% throughout the day.                                

The crypto coin is still below its all-time high value of $20,089.00 by 59.65%.

 

Ethereum Price

Current Ethereum Price – $178.20

Yesterday, Ethereum opened at $170.46. The fluctuations drove it to the lowest value of $167.04 and the highest value of $179.87 in 24 hours. Ethereum closed at $179.87 and saw an increase of 5.52% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 88.10%.

 

Ripple Price

Current Ripple Price – $0.253894

Yesterday, Ripple opened at $0.241383. The fluctuations drove it to the lowest value of $0.238320 and the highest value of $0.260146 in 24 hours. Ripple closed at $0.255933 and saw an increase of 6.03% throughout the day.

The crypto coin is still below its all-time high value of $3.84 by 93.71%.

 

Litecoin Price

Current Litecoin Price – $55.61

Yesterday, Litecoin opened at $54.31. The fluctuations drove it to the lowest value of $53.32 and the highest value of $56.16 in 24 hours. Litecoin closed at $56.06 and saw an increase of 3.21% throughout the day.

The crypto coin is still below its all-time high value of $375.29 by 85.52%.

 

Cardano Price

Current Cardano Price – $0.038553

Yesterday, Cardano opened at $0.037474. The fluctuations drove it to the lowest value of $0.036422 and the highest value of $0.039287 in 24 hours. Cardano closed at $0.038885 and saw an increase of 3.77% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 97.18%.

 

Bitcoin Market Cap

The day ended with $150,324,167,658 for the Bitcoin Market Cap.

Ethereum Market cap

The day ended with $19,240,039,930 for the Ethereum Market Cap.

Ripple Market cap

The day ended with $10,948,361,802 for the Ripple Market Cap.

Litecoin Market cap

The day ended with $3,524,190,142 for the Litecoin Market Cap.

Cardano Market cap

The day ended with $999,561,135 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $15,043,504,051    

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $7,477,657,533

Ripple Trading Volume

The 24-hour trading volume of Ripple – $1,340,725,417    

Litecoin Trading Volume

The 24-hour trading volume of Litecoin – $2,188,177,165    

Cardano Trading Volume

The 24-hour trading volume of Cardano – $45,894,904

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 384,580 ETH ($68,642,200 USD) transferred from an unknown wallet to an unknown wallet. Transaction ID: 0xdf9076ebfa3fc245d60ef24a3701bbaf9e6ec147f36df53867b9b3ce1cf5a24e
  2. 5,957 BTC ($49,441,704 USD) transferred from an unknown owner 61 to an unknown wallet. Transaction ID: c6a83627224b2b66ff5e54e370b0fe8a5c49134781ab4ab8d8812cacec4340da
  3. 5,994,015 USDT ($6,040,043 USD) transferred from an unknown wallet to Binance. Transaction ID: 030b0b3d07ef98a454e6e7ce36c46bb8eb4b413f8ab5cebfe53a1f8a7314f837

 

Crypto controversy

Tether beats Bitcoin and becomes the most widely used coin.

What to expect today?

Bitcoin broke above $8,400 after trading below $8,000. Although the bulls seem back in action, it is a sustainable bullish pattern or a hype before the deeper fall?

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Glenn Harper
Glenn Harper
Glenn has only two interests: Bitcoin and Aviation. After completing his graduation from San Diego State University in 2006, Glenn started working in the airlines and aviation industry. Aviation was his only passion before he came to know about bitcoin in 2012 after which he decided to dedicate 8 hours of his day for aviation and 8 hours for learning and writing about bitcoin and the technology behind it. Glenn lives with his wife and a 7-year-old son who mines ethereum on his computer and is also quite passionate about cryptocurrencies.

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