Bitcoin (BTC) odbija, ale nie udaje się potwierdzić odwrócenia trendu

  • Bitcoin handlowany jest pomiędzy wsparciem i oporem na poziomie odpowiednio 45 300 USD i 51 600 USD.
  • BTC wybił się z krótkoterminowej opadającej linii oporu.
  • Jest on prawdopodobnie w fali czwartej byczego impulsu.

Bitcoin (BTC) był w stanie odzyskać trochę utraconego gruntu w dniu 24 lutego, ale nie zdołał jeszcze przebić się powyżej ważnego poziomu oporu przy $56.000.

Oczekuje się, że Bitcoin w końcu przebije ten poziom ponownie, aby potwierdzić, że trend jest byczy.

Bitcoin utrzymuje się powyżej wsparcia

W dniu 24 lutego Bitcoin kontynuował skromne odreagowanie, które rozpoczęło się 23 lutego tworząc małą byczą świecę. Podczas gdy BTC nadal utrzymuje się powyżej obszaru wsparcia 46 100 USD, nie ma żadnych zdecydowanych byczych sygnałów odwrócenia trendu.

Wręcz przeciwnie, wskaźniki techniczne wskazują na utratę impetu i znajdują się w krytycznym punkcie. Histogram MACD jest bliski ujemnej wartości, RSI jest tuż powyżej 50, a oscylator Stochastic spada. Ten ostatni prawie utworzył niedźwiedzi krzyżyk w tym procesie.

Jak te sygnały będą się dalej rozwijać, pomoże w określeniu kierunku trendu.

Odrobina ulgi

Wykres sześciogodzinny pokazuje, że odbicie nastąpiło tuż przy poziomie 0,5 Fib retracement przy $45,300. Obecnie BTC handlowany jest w przedziale pomiędzy wspomnianym wsparciem przy $45,300 a poziomem 0.5 Fib retracement poprzedniego spadku przy $51,600 (zaznaczony na biało).

Wskaźniki techniczne pokazują pewne bycze sygnały odwrócenia, choć nie są one wystarczające do potwierdzenia wybicia. Wykres dwugodzinny pokazuje, że BTC już wybił się z opadającej linii oporu.

MACD jest prawie pozytywny, a RSI znajduje się na linii 50. Ruch powyżej obszaru oporu $56,000 prawdopodobnie potwierdziłby, że trend jest byczy.

BTC Wave Count

Liczenie fal pokazuje, że BTC znajduje się w fali czwartej byczego impulsu, który rozpoczął się 30 stycznia. Niski poziom z 23 lutego był prawdopodobnie końcem pierwszej części korekty, a BTC znajduje się obecnie w podfali B (kolor czarny).

Na chwilę obecną nie możemy określić, gdzie będzie znajdować się dno fali C. Wynika to z faktu, że formacja ta może być potencjalnie korektą regularną, nieregularną lub biegnącą płasko. Pozostaje również możliwość powstania trójkąta.

Spadek poniżej maksimum fali pierwszej na poziomie 38 620 USD unieważniłby ten konkretny układ fal.

Wnioski

Podczas gdy krótkoterminowy trend dla Bitcoina wydaje się być byczy, przebicie powyżej $56.000 byłoby wymagane w celu potwierdzenia, że cena zmierza wyżej.

Biggest Red Candle in Bitcoin History

Biggest Red Candle in Bitcoin History Sheds $100 Billion From Market Cap

Bitcoin started the day above $54,000 and is now trading at around $48,000.

On Monday, Bitcoin registered what was then the sharpest gross drop in its history in terms of dollar amounts. In a matter of hours, the price of Bitcoin went from just over $57,500 to bottoming at $46,700. But a bullish effort from traders saw its Bitcoin Bank price rebound, and the candle closed at $54,142.

And just when Bitcoin investors were starting to talk about a market recovery, the real flash crash happened.

Yesterday, crypto analysts were admiring (if you can call it that) Bitcoin’s daily red candle wick—that is, the minimum point reached before reversing the trend during the day. But today, the market is faced with the largest red-bodied candle in Bitcoin’s history. Starting the day at $54,100, BTC only managed to reach $54,200 for a few minutes before plummeting to its current price of just above $48,000.

The dip cut Bitcoin’s market cap down by nearly $100 billion, from above a historic $1 trillion to now just above $900 billion

Its daily minimum came in at $44,880, just off a slight support zone marked by a correction after the price spike following Tesla’s announcements in early February 2020. At the time, Elon Musk’s electric car company revealed a new corporate strategy to the SEC, buying $1.5 billion worth of BTC, and announcing that it was working on accepting Bitcoin payments.

Bitcoin has been in price discovery mode since it first broke the $20,000 price zone—the previous all-time high registered in 2017. Price discovery happens when an asset breaks its all-time high and then maintains a bullish trend. It is called “price discovery” because traders have no previous experience buying and selling above that specific price.

And despite the drop over the last two days, Bitcoin has been on an epic bull run, exceeding the expectations of even the most experienced analysts. Some were even expecting a short-term sell off. Real Vision founder Raoul Pal, for example, shared his relief follow yesterday’s market correction:

It it just me that feels relief when the BTC sell offs come? You know they are coming but when they finally arrive you can switch into buy the dip mode. March is a historically weak month. Not sure if this is the bigger March correction of just another cheeky shakeout . pic.twitter.com/GMH7evctX5

— Raoul Pal (@RaoulGMI) February 22, 2021

Still, some market observers may be surprised to see that even Square’s bullish news—that it has invested another $170 million of corporate funds in Bitcoin—hasn’t been enough (yet) to reignite the rally.

What it means for BTC to hit $1 trillion market cap

What it means for BTC to have cracked $1 trillion in market cap

The Bitcoin price hit $55,000 per coin a few hours ago – and with a circulating supply of more than 18.6 million BTC, that brings the total market cap of the first cryptocurrency to $1 trillion. But what does this incredible milestone mean for the leading cryptocurrency?

From $100 billion to $1 trillion – in one year

It was only a few months ago when Bitcoin’s market capitalisation matched that of VISA and Mastercard and other major banks. Weeks ago, it Bitcoin Rush surpassed the market capitalisation of Tesla, shortly after the company announced that it had also bought BTC to boost its corporate reserves.

Now BTC has hit another major milestone, surpassing a total market capitalisation of over USD 1 trillion.

Bitcoin the asset and the network are valued in their entirety at a trillion dollars. The achievement is nothing short of astonishing. Everyone who saw this outcome coming is now rewarded with a piece of this massive pie.

What is even more impressive is that the total value of Bitcoin has risen from just $100 billion on Black Thursday almost a year ago to ten times that value. And this is while most other assets have struggled to grow steadily.

The stock market has stagnated recently and gold is in a downtrend as capital flows instead into Bitcoin (To buy Bitcoin cheap platform comparison). Now that Bitcoin has reached a market cap of $1 trillion, BTC will begin to demand a place in the portfolios of every investor worldwide. Here’s why.

What the $1 trillion market cap means for BTC

With a market cap of less than $100 billion, Bitcoin never had the liquidity to be noticed by companies or institutions. The market cap has always been considered „tiny“ compared to stocks and gold, but that is no longer the case at $1 trillion.

$1 trillion is essentially a key value – not necessarily for individual investors, but it could be the „all-clear“ sign for more companies to jump into the already scarce and trending cryptocurrency.

Most signs suggest that Bitcoin has not yet reached the point of „mania“, but after surpassing the $1 trillion market cap, FOMO could gain momentum as investors with higher net worths realise they could be stuck paying higher and higher prices to get in.

Family jewels or bitcoins? Faced with the threat, this victim quickly made his choice!

A (very) embarrassing situation – When it comes to ransomware to be paid in bitcoin, you really don’t expect the hostage to be the victim’s genitals. However, what usually happens to computer hardware has today reached an unfortunate man, threatened by a particularly devious… and perverse hacker.

An X-rated hostage-taking

This gruesome story is told to us by Vice magazine . The unlucky man named Sam Summers was at home when this „problem“ arose.

The individual had placed a modern version of the medieval chastity belt , called Cellmate, on him . Shortly after activating the belt (linked to a smartphone app), Sam received a curious text message , telling him that someone had taken control of his private parts, and that he wanted a ransom of $ 1,000 in BTC. to give him back his… freedom.

Thinking at first being the victim of a joke made by his companion, the latter quickly made him understand that this threat did not come from her. Moreover, his security code (to deactivate the device) was not working .

Stock exchanges or Bitcoin? A question that has become very literal

Despite the shock, Sam fortunately remembered that he had some bitcoins left on an old wallet .

However, after sending the amount requested by the hacker, the latter requested even more bitcoins . Panicked and angry, with the help of his partner, Summers decided to use big means by purchasing a bolt cutter .

After an unsuccessful attempt by his partner, Summers, although frightened, managed to break the infernal apparatus. His attempt still cost him some bleeding, but no scars were to be deplored.

The most amazing? It is because this story has happened to more than one unfortunate one. According to Decrypt , several similar cases were reported at the end of 2020, where hackers demanded 0.02 BTC as a ransom to free the genitals of their victims.

This is said to be due to a security breach in the application of Qiui , the Chinese manufacturer of these torture devices.

Den kinesiske by Shenzhen afgiver digital

Den kinesiske by Shenzhen afgiver digital yuan for tredje gang

I Shenzhen, Kina, udloddes 20 millioner digitale yuan indtil 4. januar. Dette er den tredje lodtrækning af sin art inden for den igangværende virkelige test af den digitale valuta. I alt tre millioner amerikanske dollars i digital yuan udloddes.

Lige i tide til det nye år, den 1. januar 2021, offentliggjorde byen Shenzhen lodtrækningen. Tombolagen til i alt 100.000 „røde konvolutter“ til en værdi af 20 US $ hver blev annonceret i et brev. Tombolaen skal finde sted på den kinesiske platform „i Shenzen“. De heldige vindere kan Bitcoin Bank downloade deres digitale yuan via „DIGITAL RMB APP“.

Den digitale yuan i form af den såkaldte „Futian Youli Digital RMB Red Packet“ kan indløses i mere end 10.000 butikker, restauranter og supermarkeder i regionen fra 7. januar til 17. januar. Dette tredje lotteri inkluderer dog ikke nogle funktioner, såsom online betaling og offline touch-to-pay.
Skærm

Crypto Arbitrage: Lav risiko – højt afkast

Tjen passiv indkomst med ArbiSmarts rentebærende tegnebog og fuldautomatiske Crypto Arbitrage-handelssystem. Drag fordel af en EU-licenseret og reguleret platform, der tilbyder investeringer med et afkast mellem 10,8% og 45% om året

Under det første lotteri i oktober 2020 kunne vinderne kun indløse de digitale valutaer i 3.000 butikker. Dette viser, hvor hurtigt vedtagelsen af ​​den digitale yuan ser ud til at vokse. I den første lodtrækning havde 50.000 mennesker chancen for at vinde. I december, i anden lodtrækning, blev chancerne for at vinde fordoblet. Nu – ligesom i den nuværende lodtrækning – kunne 100.000 mennesker se frem til en mulig præmie.

Vil flere CBDC lotterier følge?

For omkring en uge siden afgav Suzhou-regeringen sin mening om testresultaterne i december andet lotteri. Ifølge dette ville 96.614 mennesker have brugt deres overskud, hvilket kan bogføres som en succes for regeringen.

Det vil være interessant at se, om yderligere tests af denne art vil finde sted i fremtiden. Det ser imidlertid ud til, at den kinesiske regering fortsat vil forsøge at integrere den digitale yuan så hurtigt som muligt.

BITCOIN-RALLIT KOHTI 24 000 dollaria, kun MARKKINOIDEN KEHITYS JATKUU

Bitcoin näki massiivisen nousun korkeammalla aiemmin tänään, mikä antoi sen ylittää 24 000 dollaria ensimmäisen kerran
Jos salattujen markkinoiden yhteenlaskettu kehitys keskipitkällä aikavälillä voi riippua suurelta osin siitä, voivatko ostajat kääntää 24 000 dollaria tukitasolle vai eivät
Näyttää siltä, ​​että myyntipaine juuri täällä on melko voimakasta ja saattaa aiheuttaa sen jatkuvan heikkouden
Yksi elinkeinonharjoittaja osoittaa nyt vastarintaa juuri sen yläpuolella, missä BTC käy parhaillaan kauppaa, huomauttaen, että se saattaa aiheuttaa kryptovaluutalle jatkuvan heikkouden
Toistaiseksi näyttää olevan löytämässä vahvaa ostopuolen painetta tämän avainhinta-alueen yläpuolella, mutta on epäselvää, kuinka kauan tämä kestää
Bitcoin ja koko kryptovaluuttamarkkinat ovat tällä hetkellä kiinni toisessa vahvassa ostopuolen paineessa, mikä on antanut BTC: n ylittää 24 000 dollaria ensimmäistä kertaa tänään.

Missä koko markkinakehitys keskipitkällä aikavälillä riippuu suurelta osin siitä, voiko BTC löytää mitään vahvaa tukea noin 24 000 dollaria, koska sonnit ja karhut kamppailevat tällä tasolla tämän tason hallitsemisesta.

Lataa päivitykset ja ilmaiskierrokset joka päivä jokaiselle pelaajalle mBitcasino Crypto Autumn Bonanzassa! Pelaa nyt!
Yksi elinkeinonharjoittaja huomauttaa, että salaus voi nähdä jyrkän hajoamisen likviditeetin purkamisen jälkeen viimeisimmillä korkeimmillaan.

BITCOIN-RALLIT KORKEAMPIA MATKALAITAISEN KEHITYKSEN JATKUESSA

Kirjoitushetkellä Bitcoin käy kauppaa hieman yli 3% nykyisellä hinnalla 23850 dollaria. Tämä merkitsee huomattavaa nousua viime hetken 22 800 dollarin matalasta, joka asetettiin vain muutama tunti sitten.

Missä sen kehitys keskipitkällä aikavälillä pitäisi riippua suuresti siitä, voiko BTC saada vankan jalansijan yli 24 000 dollarin.

Toistaiseksi ei vaikuta siltä, ​​että sonnilla olisi tarpeeksi voimaa tähän, koska se nousi jopa 24 200 dollariin ennen kuin he joutuivat voimakkaaseen hylkäämiseen.

KAUPPAA KOSKEVAT BTC: N TODENNÄKÖISESTI KOSKEVAT VAKAVAA MYYNTIPAINEET
Yksi analyytikko selitti äskettäisessä tweetissä, että on olemassa suuri mahdollisuus, että Bitcoin syöksyy matalammaksi tulevina päivinä, kun kryptovaluutta selvittää tärkeimmän likviditeettialueen viimeisimmällä rallillaan 24 000 dollaria.

„Bitcoin: Voisi nähdä toisen popin korkeammalle punaiselle alueelle. Täällä olisin perässä pysähdyksiä pitkilleni, jos olisin yhdessä. Pitäisi ponnahtaa nopeasti esiin. Voi kuitenkin hajota nopeasti sen jälkeen. Muuten näemme ostajien nousevan korkeammalle selvittääkseen vastustuksensa ja me lentämme. “

Bitcoin

Ellei Bitcoin kykene kääntämään tätä tasoa tukipohjaksi, on suuri mahdollisuus, että se vakiinnuttaa tai näkee joitain lähiajan heikkouksia.

Deze DeFi Blue Chip komt naar Bitcoin met het RSK-marktvoorstel

„Een Aave-benadering van de Bitcoin-wereld“ is wat het DeFi Bluechip-project nu probeert te bereiken.

Het populaire gedecentraliseerde financieringsproject kondigde deze week aan dat het nu naar Bitcoin komt met een nieuw voorstel „voor een RSK-markt op het Aave-protocol.“

„Dit is een enorme stap voor het uitbreiden van het DeFi-ecosysteem“, merkte het team op dat vorige week de Aave V2 lanceerde , die een marktomvang van meer dan $ 35 miljoen zag. De upgrade maakt het project eenvoudiger en goedkoper in gebruik, waarbij ook de flitsfunctionaliteit een opknapbeurt krijgt.

Na de lancering van de nieuwste versie stelde het team de mogelijkheid voor om voorstel- en stemrecht afzonderlijk te delegeren

„Een belangrijke stap in de schaalbaarheid van het bestuur, aangezien we van mening zijn dat het vermogen om voorstellen te beoordelen andere vaardigheden vereist dan die nodig zijn om een ​​slim contractvoorstel te doen.“

Aave is het op drie na grootste DeFi-project waarvan het governance-token AAVE sterk blijft groeien , handelend op $ 76,28, met maar liefst 4.147% year-to-date prestaties.

Het project heeft $ 1,6 miljard aan TVL, met 432,5k ETH, 10k BTC en 15,55 miljoen DAI erin opgesloten

Het voorstel op het bestuursforum van Aave legt uit dat ze voor het gebruik van Bitcoin de RSK-markt zullen opnemen. Dit zal volledig worden gedaan door RSK-ontwikkelaars, en er is al integratie gedaan met Chainlink , die zal worden gebruikt door Aave.

De volledige technologiestack van RSK is bovenop Bitcoin gebouwd en het doel is om waarde en functionaliteit toe te voegen aan het ecosysteem van de grootste cryptocurrency door slimme contracten, vrijwel directe betalingen en een hogere schaalbaarheid mogelijk te maken.

In plaats van een brug , stelt Aave voor om een ​​markt te creëren, een nieuw idee met nieuwe klanten die Aave niet gebruiken. Alle nieuwe tokens die al op RSK Marketplace staan, worden meegebracht met het nieuwe voorstel om de liquiditeit en kansen voor beide bedrijven te vergroten. Het team merkte op:

„We zullen nieuwe klanten aan tafel brengen die nieuwe business en liquiditeit uit de bitcoinwereld zullen brengen die er anders uitzien op de DeFi-platforms.“

La base de données des pièces de monnaie s’effondre quand Bitcoin s’envole – mais pourquoi ?

Crash de la base de donnéesCoinbase du site web DownCoinbase Panne de la base de donnéesCoinbase News

La bourse de crypto de référence de l’Amérique veut être considérée comme une autre entreprise de technologie de la Silicon Valley, semblable à Google ou à Apple, futuriste, brillante et peut-être capable de changer le monde. Et pourtant, lorsque Crypto Code est en fuite et que ses clients en ont le plus besoin, Coinbase s’arrête souvent. Nous enquêtons sur les raisons…

Le 26 novembre, Coinbase a surpris ses clients et son personnel en annonçant que le New York Times „prévoyait de publier un article négatif sur Coinbase dans les prochains jours“. Le post du blog, qui était à l’origine un e-mail interne, disait que l’histoire alléguerait que „plusieurs employés noirs ont eu des expériences négatives à Coinbase au cours des dernières années“. Publié le lendemain, l’article du Times a livré exactement ce qui avait été promis – et a clairement laissé entendre que la société avait un problème systémique de discrimination raciale. Plus d’informations à ce sujet plus tard.

C’est une chose qui s’est produite en novembre. L’autre chose qui s’est produite est que le prix de Bitcoin a grimpé de 35% au cours du mois. Mais cela aussi ne s’est pas passé sans heurts pour la plus grande bourse de crypto en Amérique. Par coïncidence, le jour même où Coinbase tentait de faire tourner le New York Times, la bourse a signalé qu’elle „connaissait actuellement des taux d’erreur élevés sur certains systèmes dorsaux en raison d’une panne de service AWS“. Coinbase a indiqué aux utilisateurs que bien que la bourse ne soit pas touchée „vous pourriez subir des retards ou des erreurs intermittentes lors de la soumission d’un dossier d’assistance ou de l’accès à d’autres parties de nos applications“, les utilisateurs ont commencé à signaler de nombreux problèmes le jour même – notamment le fait d’être bloqué hors des comptes et de ne pas recevoir de réponses du service d’assistance de Coinbase.

Échec du bureau d’assistance de Coinbase

Ce n’est pas la première fois qu’il y a des problèmes avec Coinbase. En fait, la bourse devient rapidement célèbre pour ses problèmes de capacité et a signalé à plusieurs reprises des „problèmes de connectivité“ pendant les périodes de forte volatilité des bitcoins. Les „Bull runs“ et les „flash crashs“ sont les moments où les crypto-commerçants veulent le plus utiliser les bourses. Soit ils se précipitent sur leurs comptes pendant les baisses de prix pour se protéger des pertes croissantes, soit ils se précipitent sur leurs plateformes de négociation pour engranger des bénéfices lorsque le prix augmente. Dans ces conditions, une interruption de la base de données des pièces de monnaie pendant les périodes de forte volatilité des prix des bitcoins est particulièrement gênante pour les utilisateurs, car elle peut potentiellement affecter leurs résultats.

Crash de la Coinbase

Entre mars et décembre de cette année, Coinbase a officiellement enregistré 10 problèmes différents qui ont entraîné des problèmes de connectivité et des pannes pour les utilisateurs, avec des degrés de gravité variables. Lors de la dernière panne de connectivité, le 26 novembre entre 6h14 et 9h02, heure normale du Pacifique (HNP), le prix de Bitcoin a chuté de près de 3 %, passant de 16 950 USD à environ 16 450 USD pendant les trois heures de panne.

Problème de l’AWS de Coinbase

Coinbase s’est empressé de dépeindre l’AWS comme le méchant dans cet incident, mais la réalité est qu’il y a deux côtés à toute question de „connectivité“. Dans ce cas, le côté Coinbase et le côté Amazone. Quiconque a déjà examiné les garanties de niveau de service d’un contrat Amazon Web Services sait qu’AWS a intégré une redondance mondiale et une capacité de basculement leader sur le marché. L’idée qu’AWS ait échoué lorsque la pression s’est exercée à Coinbase n’est pas crédible. Il est beaucoup plus probable que le problème se situait du côté de la connexion à Coinbase.

Auparavant, le 29 avril, Coinbase avait également signalé des problèmes de connectivité. Il a ensuite publié une mise à jour sur Coinbase.com indiquant qu’entre 10h00 et 12h30 PST „l’API qui alimente Coinbase.com et nos applications mobiles est devenue indisponible pour nos clients dans le monde entier“. Au cours de cette période, le prix des bitcoins a augmenté d’environ 5 %.

Le 9 mai, un autre problème d’API a fait chuter le site web de Coinbase et ses applications mobiles entre 17:17PDT et 18:00PDT. Ce fut l’une des périodes de volatilité des bitcoins les plus graves de toute l’année 2020, le prix de la CTB ayant chuté de 15 % au cours de cette période. Alex Cobb, un trader populaire sur Crypto a tweeté „Coincidence that every time we have huge market moves @coinbase shuts down ? @SEC_Enforcement enquête sérieusement sur ce sujet. Nous avons besoin d’un peu de transparence sur ce sujet“. Le tweet de Cobb contient 699 titres et des centaines de commentaires qui, pour la plupart, font écho à sa frustration face au crash de Coinbase.

Bitcoin price rally at risk because gold and US dollar are showing signs of recovery

Analysts warn that a recovery of gold and the US dollar index could negatively affect Bitcoin’s upward momentum.

Dan Tapiero, co-founder of 10T Holdings, said weak hands were shaken in the gold market. This increases the likelihood of a gold rush in the near future, especially since it comes from an 80-day setback period.

A rebound in gold and the dollar can bring down the price of Bitcoin

Bitcoin has experienced strong momentum in the last three months, recently reaching an all-time high on Coinbase and other major exchanges.

This is how low the Bitcoin price can fall: The price correction begins

Despite this, the threat of a correction for Bitcoin is a real possibility if gold starts to rise in tandem with the US dollar.
The biggest gold outflows in three weeks. Source: Dan Tapiero, BofA

According to Tapiero, the largest three-week liquidation in gold market history increases the probability of an upward trend. He wrote:

„Very bullish for the #gold. The largest three-week liquidation has just occurred. Weak hands were cleaned up. USD 25 billion went to EM stocks, much more to US stocks. Only $8 billion was invested in gold. Perhaps a small amount in #bitcoin. #BTC is still not big enough to be a macro asset class… but very soon.

Some might consider the recovery of gold to be a positive factor for Bitcoin in the medium term. As more investors are beginning to recognize BTC as a store of value, an upward trend in gold could benefit cryptomoney.

Morgan Stanley predicts a 10% fall in the dollar in the short term which could trigger the Bitcoin explosion

Still, there is a stronger case to be made and that is that Bitcoin’s rebound coincided with the big gold outflows, as reported by Cointelegraph. That means that a big gold rush could affect BTC’s momentum in the short term.
The parabolic upward trend of US stocks is another factor to consider

The US stock market continues to rise due to the unprecedented liquidity injected by the central bank. The combination of average inflation and financial easing conditions has been pushing stocks to record highs.

As a result, Jan Nieuwenhuijs, independent financial researcher for The Gold Observer, reported that US stocks had their best month since 1987.

Peter Schiff predicts the ‚worst year ever‘ for the US dollar, which will benefit Bitcoin and gold

There is a possibility that the continued upward trend in U.S. stocks will make other risky assets less attractive in the short term. It could also make BTC a less urgent operation for retail and institutional investors in the near future.

Currently, many traders believe that Bitcoin is at risk of a deeper decline to USD 18,600 following its recent rejection.

Ripple plans to expand its remittance services in 2021

Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, said that the fall of BTC from USD 19,100 with a strong reaction from sellers makes a deeper fall likely. He wrote:

He wrote: „It could not get above USD 19,400 as the crucial switch, after which there was a fall towards USD 18,800. The USD 19,100 area was instantly rejected and the probability of a fall towards USD 18,600 increases“.

Bitcoin (BTC) is at risk of a reversal as analysts anticipate that gold will make a big recovery. The precious metal has underperformed BTC in recent weeks, as the market-leading cryptomoney has experienced a rebound led by growing institutional interest.

Ripples XRP: Ripple registers a trademark for a product focused on financial services

Ripple’s latest trademark application highlights a new product focusing on financial services.
The product is intended to provide users with financial management and administrative services.
The new service is called PayString.
New with Ripple’s XRP
The San Francisco-based Fintech company Ripple Labs Inc. (the company behind Ripples XRP) filed a trademark application on 6 November for a product focusing on financial services.

As explained in the notification, the product in question is called PayString and falls within categories such as „electronic financial services, i.e. monetary services for receiving and paying out transfers and gifts of money“, both in fiat and virtual currencies.

The proposed service will also enable users to exchange fiat and virtual currencies over a computer network, as well as provide financial transaction verification services, financial management and administration services and electronic transmission of digital currency.

According to the United States Patent and Trademark Office, the application was accepted on 14 November but has not yet been allocated to an examiner.

Trade mark wars
In June, Ripple applied for two trade marks for a similar product called PayID in the United States. Ripple used PayID in connection with 40 companies in the Open Payments Coalition, several of which were based in Australia.

After a major Australian payment company called New Payments Platform Australia (NPPA) learned about it, NPPA accused Ripple of illegal use of its trademark and filed a lawsuit against the Fintech start-up.

The suit alleges that the „PayID“ brand was developed by NPPA and launched in February 2018 with a $3.3 million Australian dollar campaign, including international advertising.

However, it appears that the NPPA secured copyright in Australia for „PayID“ with a space in March 2017 and filed „PayID“ without a space in October 2017.

The application filed in October for „PayID“ without spaces has become invalid. The Australian Government therefore did not issue the trademark.

Ripple’s CEO Chris Larsen has already warned that the company is about to move its headquarters overseas in response to excessive regulation in the US.