Market Update 12.24.18 – Crypto Exchange Vctrade Accepts BTC, ETH, & XRP
Market News
Crypto Exchange Vctrade Accepts BTC, ETH, & XRP
Vctrade is known for being a crypto exchange launched by SBI Holdings, which is a financial conglomerate in Japan. Recently, the company has decided to implement a number of cryptocurrencies as deposits. These are none other than Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) deposits.
The announcement, which was made via press release, further suggests that the exchange is looking for the possibility of adding Bitcoin Cash (BCH) deposits. This move was even made more possibile after a series of evaluations of the digital asset. SBI made it clear that the withdrawals concerning the latter will not be available until late January 2019. Furthermore, it is expected to be limited to a hardware wallet that the company refers to as “designated wallet.”
Read the full report here.
ETH Co-Founder Calls ‘The Cryptobottom Of 2018’
Joseph Lubin is the co-founder of the one of the world’s leading cryptocurrencies, which is Ethereum. In a tweet, he is “calling the cryptobottom of 2018.” He suggests that the crypto market’ bottom is none other than the one that is solely marked by “an epic amount of fear. uncertainty, and doubt.” Lubin said that this narrative is specifically true in the words of people from the industry media and social commentators.
The aforementioned individuals, according to him, are “friends in the 4th and crypto-5th estates.” Continuing in a Twitter thread, the founder of Ethereum blockchain-focused software firm ConsenSys then evidently addressed his firms recently reported major layoffs:
“ConsenSys remains healthy and is engaging in a rebalancing of priorities and activities which started about nine months ago.”
Read the full report here.
Bitfinex Launches Margin Trading For Stablecoin Tether
The Hong Kong-based cryptocurrency exchange called Bitfinex has just launched a margin trading specifically designed for stablecoin Tether. It is basically meant for the USDT/USD pair, which, in one way or another, would eventually lead to more efficient price discovery. At the same time, this process will give users the ability to hedge the exposure taken on stablecoins.
Apart from having a dedicated lending market, the aforementioned margin trading will be made available but only as collateral for margin positions. It holds true that stablecoin margin trading is currently limited to the above-mentioned pair. However, the exchange is reportedly planning to come up with another margin trading dedicated for some other stablecoin pairings, though these are only expected to happen once sufficient liquidity is reached.
Read the full report here.
Total Market Cap: December 24
The volume of trade in the crypto market sat at $20.69 billion. The market’s capitalization, on the other hand, reached $134.12 billion.
Bitcoin Price Analysis: December 24
In the past 24 hours, Bitcoin jumped 0.61% to trade at $3,993.03 . The leading cryptocurrency’s trade volume trickled to $6.22 billion, while its market slid to $69.64 billion.
XRP Price Analysis: December 24
XRP’s price jumped 2.72% to trade at $0.370018. As for the altcoin’s trading volume, it reached $644.37 million; whereas its market capitalization hit $15.09 billion.
State of the Top 10 Cryptocurrencies: December 24
In the past 24 hours, all prices were up except for Tether’s.Meanwhile, TRON continues to dethrone Cardano at the 10th spot.
- Bitcoin’s market price jumped 0.61% to $3,993.03, and its value in the market is $69.64
- XRP’s market price jumped 2.72% to $370018, and its value in the market is $15.09 billion.
- Ethereum’s market price jumped 13.22% to $11, and its value in the market is $13.63 billion.
- Bitcoin Cash’s market price jumped 2.25% to $197.73, and its value in the market is $3.47 billion.
- EOS’ market price jumped 8.84% to $2.82, and its value in the market is $2.56 billion.
- Stellar’s market price jumped 75% to $0.126000, and its value in the market is $2.41 billion.
- Litecoin’s market price jumped 6.72% to $33.62, and its value in the market is $2.01 billion.
- Tether’s market price fell 14% to $1.02, and its value in the market is $1.89 billion.
- Bitcoin SV’s market price jumped 0.52% to $107.57, and its value in the market is 1.89 billion.
- Tron dethroned Cardano at the 10th spot, with its market price jumping 0.74% to $0.020974. As for its value in the market, it is $1.40 million.