Bit-comment: Bitcoin stay afloat, despite some pressure
October 11, 2019 @ 13:07 UTC
Bitcoin lost 1% in a day and trades around 8,400. It can be considered an excellent result, taking into account the opened deception with the integration of Alipay and WeChat. The head of Binance has published a screenshot in his Twitter, indicating the possibility of using these services in transactions. Shortly afterwards, company representatives said they would stop any cryptocurrency transactions found and would never agree for such integration. Altcoins have rushed down after the bitcoin, but no significant drop happened.
We wrote earlier that the technical picture is on the buyers’ side for a short time. BTCUSD rose from the oversold area, which is regarded by the fans of the tech analysis as a buy signal.
It is difficult to say why the head of one of the largest crypto exchanges hastened to publish such optimistic tweets. However, speculators could have earned quite well on such a price jump. Unfortunately, cryptocurrencies are increasingly associated with such events.
The positive news background is now around the Telegram project. The largest crypto exchange Coinbase announced its readiness to add a coin to its custodial service. The degree of interest in the project continues to grow, and at the moment, Durov’s blockchain is the next point of attraction for crypto-enthusiasts.
The FxPro Analyst Team