Friday, February 21, 2020

India crypto ban justified? BTC falls: Crypto In-Shorts

The Takeaway:

22 August 2019. Are you tired of scouring the web for the latest crypto-updates? Enter the world of Crypto In-shorts on Chaintimes and find all you need!

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Crypto bulletin

Indian supreme court has given the Reserve Bank of India a 2-week deadline to address the ban on crypto services in the country.

American stockbroker, Peter Schiff’s challenges Tom Lee’s “unrealistic” prediction for Bitcoin prices and claims feasibility for his gold futures predictions. Schiff believes Gold will reach 5k soon and is skeptical of cryptocurrency.

Bitcoin Price

Current Bitcoin Price – $9,994.52

Bitcoin opened at a price of $10,764.57. The fluctuations drove it to the lowest value of $9,962.72 and the highest value of $10,798.73 in 24 hours. Bitcoin closed at $10,138.05 and saw a decrease of 5.82% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 46.29%.

Ethereum Price

Current Ethereum Price – $187.67

Ethereum opened at $196.62. The fluctuations drove it to the lowest value of $182.69 and the highest value of $197.03 in 24 hours. Ethereum closed at $186.89 and saw a decrease of 4.95% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 86.24%.

Cardano Price

Current Cardano Price – $0.049727

Cardano opened at $0.049226. The fluctuations drove it to the lowest value of $0.046046 and the highest value of $0.049226 in 24 hours. Cardano closed at $0.047113 and saw a decrease of 4.29% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 96.29%.

 

Bitcoin Market Cap

The day ended with $178,528,409,357 for the Bitcoin Market Cap.

 

Ethereum Market cap

The day ended with $20,024,625,451 for the Ethereum Market Cap.

Cardano Market cap

The day ended with $1,230,959,482 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $18,378,207,974

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $7,518,997,143

Cardano Trading Volume

The 24-hour trading volume of Cardano – $47,765,033

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 2,499,998 USDT ($2,509,269 USD) was transferred from Okex Exchange to Binance. Transaction ID- 0xb3ad8a79cfb2332cd4a9461193f5db256698391fd9c453ad4b655ba798e478ab
  2. 3,000,000 USDT ($3,008,433 USD) was transfered from Unknown Wallet to Huobi Exchange. Transaction ID-0x3b221daca388bacb2ce5469c01b3f369890bb6dfd1c8f2506862001aa57aa6b5
  3. 10,000,000 XRP ($2,621,877 USD) was transfered from Funding Wallet 1 to Unknown wallet. Transaction ID-D9BF424C76FF8AF01EEA9859EDFCB747F405330B93F10C598BF245D3A18CA94A

Crypto controversy

@btc and @Bitcoin are armed to the teeth against Bitcoin cash

What to expect today?

Bitcoin has been following Gold’s trend and moving in sync with the precious metal over the last three months. Will the relation break? Will the digital and real Gold part ways?

BTC falls to four-digit value. Is Bitcoin crash imminent?

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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.

Charles Carter
Charles Carter
Charles is an experienced researcher with a Master of Public Administration degree from Humber College, Canada. Apart from being fascinated about blockchain and cryptocurrencies, he loves to drive around the town in his collection of cars.

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