empty
 
 
19.03.2021 01:09 PM
Major cryptocurrencies halt their stellar rally: reasons and prospects

Global stock markets are experiencing hard times due to the onset of a new wave of coronavirus and slow vaccination. Unstable economic indicators are affecting large companies. Therefore, they are very cautious about their investments. Market uncertainty has also had a negative impact on the cryptocurrency market.

Major digital assets have been trying to break above the important physiological levels for almost a week but they are unable yet. Bitcoin is holding close to $60,000. However, it failed to consolidate near this level and yesterday it sunk by 2%.

This image is no longer relevant

Ether is still hovering around $1,800, and its quotes have fallen by 3%. The situation may change dramatically after the upgrade to ETH2 and the transition of the blockchain to Proof-of-Stake (PoS). However, a lot of things may happen in the market before that.

This image is no longer relevant

Ripple remains in the $0.44 - $0.47 area. Experts are sure it is unlikely to grow until the results of the trial. It dropped by only 0.5%. However, given the flat value of XRP amid positive market sentiment, this figure is quite high.

This image is no longer relevant

Litecoin continues to move around the $200 level, but over the past 24 hours, the coin has weakened by 2.7%.

This image is no longer relevant

Despite the fall in the quotes of the main cryptocurrencies, the fundamental background has been positive. For example, Visa has revealed details of its strategy to make crypto payments safer and more widely used through its partnership approach. The company said that it would bet on bitcoin, the main altcoins, as well as tokens and stablecoins that are backed by fiat currency. The implementation of the crypto strategy will begin this year. In addition, Grayscale launched a new 'Digital Large Cap Fund' tied to 5 top cryptocurrencies. "We're excited to further expand the universe of Grayscale's product offerings as interest in the digital currency asset class continues to grow. As a trusted and experienced manager, Grayscale is committed to creating investment structures that are familiar to qualified investors and provide secure access to this emerging asset class," Barry Silbert, CEO of Grayscale, pointed out.

As we can see, the crypto market has enough positive news to start rising upwards. However, this does not happen due to the fact that most of the operations with cryptocurrencies are carried out by retail investors. The interest of private traders is not enough for the market to rally and ignore economic instability. Large companies showed great interest in bitcoin when it declined to $55, 000. However, this was a small increase that could not boost the stable growth.

Therefore, on the back of the lack of interest from large companies, as well as weak economic indicators, the main cryptocurrencies remain flat. In the next few days, the world's governments will decide on lockdown. Perhaps, the dynamics of the main digital assets will become clear. So far, the entire cryptocurrency market will continue to fluctuate but will not show significant growth.

รับผลกำไรจากการเปลี่ยนแปลงอัตราสกุลเงินดิจิทัลกับ InstaForex.
ดาวน์โหลด MetaTrader 4 และเปิดการซื้อขายครั้งแรกของคุณ.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    เข้าร่วมการแข่งขัน
  • Chancy Deposit
    ฝากเงินในบัญชีของคุณใน $3,000 และรับ $8000 ไปเพิ่ม!
    ใน มีนาคม ทางเราได้ออก$8000 ภายในแคมเปญ Chancy Deposit !
    คว้าโอกาสที่จะชนะด้วยการฝากเงิน $3,000 ไปในบัญชีเทรด เมื่อทำตามเงื่อนไขนี้แล้ว คุณก็จะกลายเป็นผู้เข้าร่วมแคมเปญ
    เข้าร่วมการแข่งขัน
  • เทรดให้ดีแล้วคว้ารางวัล
    เติมเงินในบัญชีของคุณอย่างน้อย $500 สมัครเข้าร่วมการแข่งขัน และลุ้นรับรางวัลอุปกรณ์ติดต่อสื่อสารแบบพกพา
    เข้าร่วมการแข่งขัน
  • โบนัส 100%
    โอกาสพิเศษของคุณในการรับโบนัส 100% จากเงินฝากของคุณ
    รับโบนัส
  • โบนัส 55%
    สมัครรับโบนัส 55% สำหรับการฝากทุกครั้ง
    รับโบนัส
  • โบนัส 30%
    รับโบนัส 30% ทุกครั้งที่คุณเติมเงินในบัญชีของคุณ
    รับโบนัส


บทความแนะนำ

หากไม่สะดวกคุยในตอนนี้
ระบุคำถามไว้ได้ใน แชท.
Widget callback