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Moderate optimism in the cryptocurrency market

Jul 31, 2019

According to CoinMarketCap, Bitcoin began to lose its popularity, as its market share decreased from 66.5% to 64.5%. At the same time, 13 out of 14 coins with a capitalization of more than $1B have moderate growth, after a decline the previous day. The outsider is UNUS SED LEO (LEO) decreasing by 1.5%, while Bitcoin Cash (BCH) has the leading position with an increase of 6%.

However, the clear leader this week is Altcoin Tezos (XTZ), which managed to add more than 27% over the last 24 hours. Due to this strong growth, XTZ capitalization reached $850 million.

Coinbase Pro adds Tezos (XTZ) tokens

On July 30, Coinbase announced that Tezos (XTZ) would be integrated into the Coinbase Pro platform. The integration process will take place in several stages, but already on August 5, after crediting deposits, the XTZ trading function will be included.

It is an excellent factor for XTZ, because it may increase visibility and, attract more investors, including speculators. As a result of this news, XTZ has grown in price by more than 27%, and its capitalization has already exceeded $850 million. At the same time, the potential for further growth of this altcoin is quite large. We recall that back in May, its price was above $1.8, which is a strong technical resistance level. Most likely, after the appearance of this coin on the Coinbase Pro, speculative traders will try to return the XTZ to the marked level.

Kraken added a new option

Kraken Cryptocurrency Exchange allowed customers to make deposits directly from bank accounts in five fiat currencies, specifically in USD, CAD, EUR, GBP and JPY. This option will be possible for users from more than 180 countries around the world, who have Intermediate and Pro accounts,

A new feature has become available due to the cooperation with Etana Custody service. To recharge an account on Kraken, you need to register and verify your account through Etana Custody. After that, you replenish the account, using a bank transfer, and then you can convert or transfer your funds to the account of the exchange.

It is also noteworthy that now Kraken markets are available on the Meta Trader 4 and five trading terminals, which are very popular among FX traders.

Libra may not launch

The largest social network Facebook has announced that the launch of the Libra digital currency project may be cancelled due to significant pressure from regulators.

Facebook is sure that one of the main obstacles to launching a project is legal uncertainty. The situation is aggravated by the alertness of regulators in various countries, which may cause a delay or even prevent Libra from launching.

“We will also incur increased costs in connection with our participation in the Libra Association and the development and marketing of associated products and services, and our investments may not be successful. Any of these events could adversely affect our business, reputation, or financial results,” stresses the report of the SEC.

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