Consolidation continues. The price is slowly falling.
In the latest report released, financial rating agency Weiss Ratings highlighted four tokens that deserve a rating of “D” (weak) or lower. This is a selection of 48 cryptocurrencies that earned a low rating, out of a total of 111 cryptoassets evaluated.
Financial giant Visa is in no hurry to enter the digital asset market. During Mad Money, which airs on CNBC, Visa CEO Alfred Kelly discussed the company's future plans in the digital industry. According to him, cryptocurrencies are not a threat to Visa in the near future, but the company is ready to implement cryptocurrency functions if digital coins become more stable and widespread in the future.
There are no significant changes in the dynamics of cryptocurrency pairs. The altcoin market continues to move in a sideways range, so in literally one phrase we will characterize the price behavior in the flat of each coin
Pierre Rochard, an independent Bitcoin advisor to institutional investors, recently tweeted that he has developed a plugin for Microsoft that allows users to send Bitcoin directly from a spreadsheet program.
One of the world's leading cryptocurrency exchangers, Hong Kong-based OKEx, has announced its intention to remove dozens of trading pairs on its platform. The delisting announcement was published on the company's website.
Reddit user "nstran541" reported that his earnings from cryptocurrency mining through the WinMiner application amounted to $1.07 in 4 days. Although this miner did not specify which coin he was mining, other users shared his dissatisfaction. Since energy costs are now many times higher than earnings, many miners have abandoned cryptocurrency mining as it has become unprofitable.
Minimum trading volumes over the weekend contributed to the continuation of the sideways trend. Today's price decline will also take place within the sideways range.
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