The price of bitcoin in the past 24 hours mainly fluctuated in the area of $ 5,000 – $ 5,400, while the red and green market was mixed.
The market capitalization of bitcoin dropped to $ 97.66 billion, the market dominance rate (market share) of bitcoin at 64.3% – according to BTA's bitcoin exchange rate (https://blogtienao.com/ty-gia/BTC/bitcoin/).
On the market, there are 78/100 cryptocurrencies rising over the previous 24 hours. In which, the highest increase was 100.29% of Steem and the strongest decrease was 22.47% of WAX.
In the top 10, most of them have not recorded any significant changes compared to the previous session.
Total market capitalization of cryptocurrencies recorded at 10:15 am at US $ 151.76 billion, an increase of US $ 1.6 billion compared to the previous 24 hours.
24-hour trading volume increased slightly, recorded at 122.32 billion USD, up 6 billion USD compared to March 18.
Along BTA review the news available in the day, the content in the article will be updated as new news ..
Gemini continues to expand in Europe
Gemini-managed exchange New York Gemini is looking to expand in Europe, looking for staff for the position of sales manager.
The position of business director in Europe will introduce and develop Gemini's business in Europe and in the UK, in addition to creating new business deals by establishing relationships with business customers, this floor. posted on LinkedIn on March 18.
The position will work directly with the executive at the European office in London but will report to the executive director in New York. Although the exchange already has a sales team in the US, this new position will help expand the company's international business capabilities.
Everbright Bank of China uses Ant Financial's blockchain for financial supply chains
China Everbright Bank (CEB), a major commercial bank in China and one of the world's largest public companies, has just started using Ant Financial's blockchain-based supply chain financing solution. CEB is the first bank to use Ant Financial's Duo Chain.
Ant Financial, the financial company of e-commerce giant Alibaaba, has teamed up with Everbright Bank to jointly use Duo Chain, a network service platform designed to handle inter-financial transactions. related to the supply chain.
Supply chain financing is an activity that optimizes business operations to effectively provide capital for the value chain. Both buyers and sellers aim to reduce working capital, increase cash flow at low costs by evaluating buyer credit.
Accordingly, supply chain financing provides short-term credit that allows buyers to extend their payment terms, enabling suppliers to receive payments earlier.
Hard to recover
Only when Bitcoin regains the $ 8,000 threshold will the cryptocurrency escape the downtrend and is likely to establish a short-term rally, according to crypto analyst Kantoty.
In the past few days, the price of bitcoin has moved quite badly, the digital currency fluctuating around $ 5,200 makes recovery very unlikely because the trading volume of the day remains low.
Over the past 24 hours, the volume of bitcoin transactions as well as the whole market has remained low, creating a great barrier to finding recovery momentum.
Based on the evolution of bitcoin over the past few days, Bitcoin is unlikely to return to the $ 10,000 mark in February and instead, a bad scenario may occur, it is likely to drop below $ 4,000 and for the opposite. face of widespread sell-offs.
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