The exit from the rectangle went in the direction of decline. Will the market be able to recover after overnight consolidation?
The Japanese yen has become the most traded national currency in the Bitcoin-to-fiat market, surpassing the US dollar. According to Coingills, the yen currently holds 48.34% of the market, and the US dollar 43.77%. The third and fourth most traded currencies were the Korean won with 6.08% and the euro with 1.07%.
The IOTA Foundation, in collaboration with CYBERCRYPT, a leading systems provider in the field of cryptography and cybersecurity, has developed a new hashing algorithm that can be used for the triple architecture of the IOTA platform.
In his closing argument in a Tokyo court, Mark Karpeles, the former CEO of collapsed cryptocurrency exchange Mt.Gox, declared his innocence and non-involvement in the events that caused the firm to lose millions of dollars from its users and ultimately go bankrupt.
Bitmain Technology and Huobi Group have announced plans to lay off employees, reports the South China Morning Post (SCMP).
A South Korean court ruled in favor of the exchange Bithumb after one of its users' account was hacked and he sued for $355,000 in losses. This sets a dangerous precedent for all future decisions regarding lawsuits against crypto exchanges.
The community has been discussing the potential of cryptocurrencies since the technology's inception in 2009. Among financial market gurus there are both supporters and opponents of digital assets. Both sides periodically make predictions regarding the fate of Bitcoin, heating up the emotional atmosphere.
Yesterday's low market activity kept altcoin prices in a sideways range. Consolidation will continue today.
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