Crypto News 04^3^2020 -__-
On Mar 4, the global price index of Bitcoin (BTC) trades above the $8,700 level. At present, the coin marks $8,770.33 with a decrease of 0.93% in the past 24 hours.
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Neutral" with six indicators sending out selling signals, five showing neutral signals, and seven indicating buying signals.
The broad market is experiencing a downtrend, with 39 out of Top 100 cryptos by market cap rising.
The global market cap reads $251.2 billion, and the 24-hour trading volume is $160.31 billion.
- BTC quotes show 8,805.15 USDT on Binance, $8,773.90 on Bitfinex, $8,753.49 on Coinbase Pro and 8,727.50 USDT on Boboo.com;
- CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $224.14 (-2.65%); XRP marks $0.2349 (-0.89%); BCH marks $324.03 (-3.06%); LTC marks $60.38 (-2.26%); EOS marks $3.62 (-1.64%); ETC marks $8.15 (-2.57%).
Top 3 Gainers and Losers in Cryptocurrencies
- Top 3 gainers among Top 100 cryptocurrencies by market cap: BOA (+124.00%), MATIC (+23.00%), and VSYS (+20.34%);
- Top 3 losers among Top 100 cryptocurrencies by market cap: SNX (-10.60%), KNC (-9.79%), and MKR (-5.31%).
Cap Flows of Coins/Exchanges
- Top 3 capital inflows within the last 24 hours: ETH (+$121.90 mln), ETC (+$63.49 mln), and LTC (+$54.90 mln);
- Top 3 capital outflows within the last 24 hours: HDAO (-$16.58 mln), TUSD (-$14.68 mln), and BSV (-$5.68 mln);
- Net inflows/outflows of exchanges: Binance (-$12.65 mln), Bitfinex (-$1.43 mln), and Coinbase Pro (-$2.39 mln).
EOS -0.46%MKR -4.26%XRP -0.42%
Binance Has Completed System Maintenance
Binance officially announced the system maintenance has completed. Trading will be resumed at 11:30 UTC on March 4, 2020. The withdrawal will be resumed gradually after the start of trading.
Korea National Assembly Committee On Judiciary Adopts Special Financial Law
According to CoinNess Korea, Korea National Assembly Committee on the Judiciary passed a special financial law. If passed by the Korea National Assembly in May, the law will take effect. The special financial law includes the crypto exchange licence system and banks' support for real-name registration of crypto exchange accounts.
BTC Now Trades Below 8700 USDT, Marking 8698.50 USDT On Boboo.com
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USDT +0.05%BTC +0.34%
Binance CEO ZHAO Changpeng just tweeted, “Trading resumed.”
Binance Boss Refuses OKEx CEO’s Offer For ‘Help’ With A ‘Block’
OKEx CEO Jay Hao replied to CZ to offer some technical advice. He said that “Kafka” was not enough for a trading system, which means that the broker problem will always occur and asked CZ if he needed help. CZ never got back to Hao. He blocked him from his Twitter account instead. This led to the OKEx CEO to comment: “Seems my help has been turned down right away.”
58COIN Resumes Transactions Of The Quarterly Contract BNB 0327 And Restarts The Index Price Component
According to the official announcement of 58COIN, given that Binance has completed the maintenance and the system runs smoothly, the platform resumes the trading of the quarterly contract BNB 0327 and restarts the original index price component of “Binance 70%, Huobi Global 30%.”
About $9.31 Million BTC Were Transferred
According to Whale Alert, 1,056 BTC ($9.31 mln USD) were transferred from Binance to an address starting with ‘34xp4v’ at 12:28 UTC on Mar 4. The hash is d8039c7c447aeb9449343370473238762aa89ce033c752c94e3c851fb9d72e60.
Wanchain Mainnet Officially Integrates Cross-Chain EOS
According to ChainNews, the Wanchain team announced that the Wanchain mainnet has integrated cross-chain EOS. WEOS tokens can be undertaken cross-chain trading on the Wanchain mainnet, and users can directly manage original EOS accounts on Wanchain light wallets, completing cross-chain transfers from EOS to WEOS.
HTC's New 5G Router Can Host A Full Bitcoin Node
According to CoinDesk, the Taiwanese tech gint has launched a new router that can connect devices to 5G networks while supporting the Bitcoin blockchain at the same time.
Bitcoin Remains In Consolidation Above Key Barrier
According to cryptonews, following an extremely turbulent past few days in the traditional financial markets, with an unexpected rate cut from the U.S. Federal Reserve (Fed) on March 3, Bitcoin (BTC) is still trading above the key 200-day moving average line.
As of press time on Wednesday March 3 (13:47 UTC), BTC is trading at USD 8,765, or 0.4% lower than at the same time yesterday, despite good news from India. However, the current price is somewhat higher compared to the lows seen yesterday, when bitcoin traded even closer to the USD 8,700 level, below the important 200-day moving average level.
Uphold's New Debit Card Lets You Pay With Bitcoin, XRP And Gold
According to the Cointelegraph, digital payment platform Uphold has released a new debit card, allowing users to pay with converted crypto, commodities and cash.
Uphold's new multi-asset debit card allows United States-based participants to spend assets held in their Uphold accounts at any Mastercard compatible location, a representative from Uphold told Cointelegraph in an interview. "Anywhere globally where Mastercard is accepted, they will be able to use this debit card," she said.
United States-based customers can now pre-order the card, which touts compatibility for 24 crypto assets, 27 fiat currencies, and four metals including Bitcoin (BTC), Basic Attention Token (BAT), Ripple's XRP, gold, and U.S. dollars.
Uphold is a digital asset platform on which users can buy, sell, spend and hold digital assets, fiat currencies and commodities.
BTC Price Predictions For Mar 5: 25 Go Long; 18 Go Short
As of 14:45 UTC on Mar 4, the largest crypto Bitcoin has dropped below the $8,800 level, according to CoinNess.com. Now the coin is changing hands at 8,735.46 USDT on Boboo.com with a decrease of 0.1% in the past 24 hours. Out of 70 accredited crypto analysts with CoinNess.com, 29 think that for the next 12 hours (12:00 UTC, Mar 4 to 12:00 UTC, Mar 5), the price of BTC will rise, 18 think it will drop, and 27 think it will continue to trade sideways.
CoinNess.com selects opinions from several popular crypto analysts for your market analysis:
@Niumowang: The market supports its price at the $8,700 level. The selling presure is relatively small. The shirnkage might be reduced, with a higher possibility to rebound.
@Xinchuan: The fluctuations throughout the day are not heavy. The price trades in a range between $8,800 and $8,750 with very little space for traders to operate.
I expect a step back of the price, setting between $8,650 and $8,700, and the market outlook will continue to maintain a median trend.
USDT +0.05%BTC +0.34%