Kotrbiotech.com – Bitcoin price exceeded US$ 49.000 on Saturday (21/8), the first time since last May. Crypto by capitalization of the largest in the world it could face resistance US$ 50,000-US$ 55.000.
Referring to data from CoinDesk, the price of Bitcoin at 06.42 PM there are in US$ 49.230,58 or ride the 5.56% compared to the position of the previous 24 hours.
One of the drivers of the Bitcoin price is the announcement of the exchange of crypto Coinbase on Thursday (19/8) then who will buy crypto more than US$ 500 million to increase its ownership.
The CEO of Coinbase Brian Armstrong also tweet, Coinbase will invest 10% “of all profits to the future in crypto”.
The announcement of Coinbase that pushed the Bitcoin buyers to get back on the support level of US$ 45,000. A surge in the Bitcoin price also coincides with the stabilization in the stock market after a setback earlier this week.
Some analysts noted, overbought extremes has been reduced since April last, which provide support for the rally of crypto.
“Currently, Bitcoin and crypto have other offers technical support (because they become a little oversold),” said Santiago Espinosa, Strategist at MRB Partners, told CoinDesk.
“At this time, some crypto could continue to go well if policy makers ignore the pressure of inflation and the problem of regulation is not a major problem,” he said.
Dogecoin (DOGE) is rumored to soon listing on Coinbase Pro is a trading division of professional belonging to Coinbase. The Platform entrance into the ranks of the exchange of crypto adopt Dogecoin widespread.
Party Coinbase reported that money crypto Dogecoin will be listed on the Coinbase Pro on Thursday as reported by Coindesk.
“Trade DOGE in Coinbase Pro will begin on Thursday at 16:00 UTC, as long as the liquidity conditions are met,” wrote the party Coinbase in his official page.
However, Dogecoin will not soon listings are in retail trading platform Coinbase. Nevertheless, money is a new crypto will usually be present in Coinbase in a couple of weeks later after the DOGE’s palace are listed on Coinbase Pro first.
Earlier, the CEO of Coinbase, Brian Armstrong has announced that it will soon bring the DOGE to the platform in the month of May.
In addition, Elon Musk also commented on the standard Coindesk that preach that DOGE will be listing on Coinbase and begins on Thursday.
Musk commented on it with a retweet zero for the duration of a picture of the head of a dog Shiba Inu equipped with the inscription “the standard of dogecoin, the global financial system” in the image of the meme. Musk also wrote twit on top of the image, “it Is inevitable.”
This has pushed the price of Dogecoin. On the previous day, the DOGE in the level of Rp 4.459. When this news was written on Wednesday June 2 at 11:15, money crypto meme it is translucent to the price of Rp 5.370, based on data from CoinGecko.
Despite this, the price of DOGE is still not penetrate the price all-time high on May 8, 2021 ago. That time the price of Dogecoin touch the Rp10.335.
The popularity of the DOGE increasingly uphill because of the support of the billionaire the world like Elon Musk and Mark Cuban, also has the support of the celebrity one of them is a rapper Snoop Dogg.
In addition, the Dogecoin community is strong and solid. They are known to often provide the funds of the charity, such as the procurement of the wells in one of the African countries that are drought. In addition, the American Cancer Association also rumored to have received a donation for cancer patients in the form of Dogecoin.
Coinbase Global Inc. the plan was canceled to launch a loan program coin USD (USDC) that produce flowers, the intermediary company Said buying crypto-the largest in the U.S. it in a blog post.
This step is performed a few days after the U.S. regulator said it will sue Coinbase if a resume is a program that lets users earn interest by lending digital assets.
“As we continue our work to seek clarity of the regulation for the industry of crypto as a whole, we have made the difficult decision to not launch the program USDC APY (annual yield Yield results),” write a blog Coinbase.
USDC is pegged to the U.S. Dollar and can be exchanged for one dollar in one-to-one.
Exchange crypto it also said it has suspended the waiting list for the program USDC APY, the product is an alternative to a traditional savings account that will pay off the loan sharks USDC to Coinbase APY 4.0.
Coinbase, which says it has seen an increase in interest in the account crypto in a long time, plan a guarantee for a loan shark USDC in Your account Coinbase them.
Added that the APY 4.0 percent in the USDC will give the customer the perantaran buy crypto eight times the national average on savings account increased height, based on a survey Bankrate.com against the savings accounts of the U.S. in June 2021.