Investors to Leave BTC Near $3k, Expert Believes

Head of the trading department in the Asia-Pacific region from Oanda Corp believes that BTC may fell to $2500 in January 2018
23 November 2018   378

As a result of the collapse of the market this week, the cumulative cryptocurrency capitalization fell by November 23 to $ 140 billion, losing almost $ 700 billion from peak values in early January. And if prices continue to decline, investors may begin to massively withdraw from cryptocurrencies, said Stephen Innes, head of the trading department in the Asia-Pacific region at Oanda Corp, in a comment to Bloomberg.

There’s still a lot of people in this game. [If Bitcoin] collapses, if we start to see a run down toward $3,000, this thing is going to be a monster. People will be running for the exits.
 

Stephen Innes

Head of the trading department in the Asia-Pacific region, Oanda Corp

In the short term, Bitcoin, according to the analyst, will be traded in the corridor between $ 3,500 and $ 6,500, but he does not exclude that by January 2019 the price of the first cryptocurrency may drop to $ 2,500.

At the peak values ​​at the beginning of the year, the total capitalization of the cryptocurrency market was about $ 835 billion, but this morning this figure is already around $ 140 billion.

Bitcoin last night again fell on a number of exchanges to almost $ 4000. So, at about 05:20 UTC, the price of the first cryptocurrency at Bitstamp was $ 4,061.02, after which it returned to around $ 4,300. At Bitfinex, the price went down to $ 4,210.

Trust Wallet to Add BTC & Bech32 Support

At the moment, this option is available to users of iOS devices, support for Android will be added in the next 2-3 weeks
10 December 2018   91

Binance owned and ERC-20 standard tokens oriented Trust Wallet, announced the start of Bitcoin support (BTC).

As stated in the company's blog post, Trust Wallet has become compatible with the SegWit protocol, allowing to send and receive funds to Bech32 native addresses (bc1).

At the moment, this option is available to users of iOS devices, support for Android will be added in the next 2-3 weeks.

Earlier Trust Wallet announced the start of support for TRON (TRX) tokens. The wallet also supports GoChain (GO), POA Network (POA), Ethereum Classic (ETC), Wanchain (WAN) and VeChain (VET).

Recall Binance announced the purchase of Trust Wallet in July this year. The wallet is expected to become part of the upcoming release of the decentralized trading platform Binance.