After the depreciation, due to news events, the price of the main cryptocurrency pairs recovered slightly. But will bearish pressure ease today?
If there was any doubt about the usefulness of cryptocurrency trading, the IG Group report dispels such doubts. IG group, an over-the-counter online brokerage, published its results for the third quarter of fiscal 2018, which ended on February 28.
According to CoinMarketCap, on the evening of March 22, a 2.5% drop in the price of BTC led to a decrease in the price of Stellar Lumens by 6%. This once again shows us how dependent altcoins are on the progenitor of the entire crypt.
Cryptocurrency pair rates came under the negative influence of fundamental news
Google is developing a blockchain that will improve the security of storing transaction data and other information in cloud storage. It is still unknown when exactly the service will be launched, Bloomberg reports.
The pressure on cryptocurrency is increasing every day and is negatively affecting its rate. Over the past 24 hours, the Bitcoin rate has dropped by 6.5% and currently stands at $8,450. The Ethereum rate has fallen by more than 9%, and this currency is trading around $515. The NEO token fell the most in price, falling by 12% and currently worth $65, reports CoinMarketCap.
Jack Dorsey believes that Bitcoin will become the only global digital currency on the Internet within the next 10 years. The CEO of Twitter and Square said this in an interview with the British publication The Times
This week, African leaders met in Kigali, the capital of Rwanda, which resulted in the creation of the Continental Free Trade Area (CFTA), which some say could be the largest in the world. The 55 member states of the African Union have a combined gross product of $2.5 trillion.
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