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September 25, 2020
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Guide & Analysis

Bitcoin and the rest of the cryptos following the global stock market

Here is what you need to know about Bitcoin and markets on Monday, June 15, 2020

The BTC / USD pair is trading at $ 9,400 after a significant recovery from $ 8,900 earlier. Today there has been a significant change in the current Bitcoin moment, as bulls are back in town and advance to $ 9,500.

ETH / USD also formed a daily bullish reversal candle after falling to $ 218. Ethereum is currently trading at $ 232 and is looking to close above the EMA-26 in the daily at $ 229.

The XPR / USD pair is in similar shape, but remains the weakest of the three overall. Bulls desperately need to climb above $ 0.20 and stay there. Daily EMA’s are still a long way off.

The biggest winner today is Verge, with a 20% price increase in the last 24 hours and a trading volume of $ 57 million. The second on the list is SC, with a 16% increase in prices and a total increase of 31% last week. Today, REN also saw a significant upward movement going to $ 0.11 with gains of 15%.

Bitcoin daily chart: BTC / USD

Market

WhatsApp, the world’s most popular messaging app, recently announced a digital payments service through its service. The function is already available in Brazil, but will probably be extended to other countries in the near future. Users will need a special PIN code or fingerprint to prevent unauthorized operations.

The service will be available using a credit card such as Visa, Mastercard or Cielo, a leader in payment services in Brazil.

A major Turkish real estate company has also announced the implementation of digital payments in the form of Bitcoin. Users can now pay for properties using Bitcoin, but the platform also facilitates payments in other cryptocurrencies like USDT, XRP and others.

This is certainly not the first time that Bitcoin is used in the real estate industry. The idea behind using Bitcoin and other cryptocurrencies is that it can save a lot of money thanks to low transaction fees and can even prevent fraud.

Industry

Paxful, one of the most popular p2p markets, announced a partnership with OKEx, a derivatives exchange. The idea behind the integration is that Paxful users will have access to OKEx’s trading options such as spot, margin and even futures. According to the company, the new integration should help the two companies to extend their services to other countries.

“Through this partnership, we can reach more users in developing regions using Paxful’s existing infrastructure and payment options and give them exposure to the benefits of OKEx’s advanced technology, in addition to the diverse set of products.” – said Jay Hao, CEO of OKEx.

Source: FXStreet

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