Bitcoin Ethereum Market Analysis 04 March 2019
Bitcoin Market Update
Trades for Bitcoin today reads on Coinmarketcap at $3,749 representing a loss of 2.2% in the last 24 hours. More than $100M worth of BTC were exchanged in the BTC/USD market representing a 7% share of the global daily volume. You remember on Crypto Market Analysis Report 01 March 2019, where bitcoin was exchanging for Bitcoin $3,846 representing a loss of 0.18% in the last 24 hours bu today 4th has even seen more drop.
Ethereum market price
Similsrly, Ethereum coin has seen a lower trade of 5.3% over the past 24 hours and is currently sitting at $127, with over $60M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 4% market share of the daily trading volume. We hope markets improve soon as well
LIVE CRYPTO RATES FOR TODAY
| Name | Price | 24H (%) |
|---|---|---|
 Bitcoin(BTC) | $63,808.40 | -3.68% |
 Ethereum(ETH) | $3,122.61 | -4.27% |
 XRP(XRP) | $0.52 | -4.24% |
 Cardano(ADA) | $0.468841 | -5.26% |
 Bitcoin Cash(BCH) | $477.08 | -4.37% |
 Litecoin(LTC) | $84.21 | -3.09% |
 Monero(XMR) | $118.73 | -2.51% |
 IOTA(IOTA) | $0.232645 | -9.34% |
 Dash(DASH) | $30.04 | -5.28% |
 NEM(XEM) | $0.038407 | -10.42% |
Other cryptocurrency News
Crypto Investment Firm Circle Seeking $250 Million Ahead of Possible IPO
A report published on March 2 stated that the Boston-based fintech firm Circle Internet Financial is reportedly looking to raise $250 million in order to further expand its operations and product offerings, before its initial public offering (IPO). According to the report, Circle has already managed to raise approximately $246 million from several prominent investment firms including giant Wall Street investment bank Goldman Sachs, the Digital Currency Group, and Pantera Capital. On top of that, was able to acquire $110 million in investment from a diverse group of investors at a valuation of almost $3 billion. On a blog post, Circle stated:
“This year, we anticipate further incremental growth in institutional adoption catalyzed by stablecoin usage, advancements in institutional custody solutions, increasing regulatory clarity particularly in the [United States], and improvements and innovation in core crypto infrastructure.”
Binance Dangles $100K in Crypto to Get Users to Test Its DEX
Last Friday, the cryptocurrency exchange, Binance, announced it is giving away roughly $100,000 USD equivalent, in $BNB, as a reward for their Decentralized Exchange Simulated Trading Competition. With this initiative, Binance plans to increase the number of users testing its upcoming DEX by allowing all users who hold at least 1 real BNB on their Binance account to participate in the competition. Starting on the 7th of March, the trading competition will be divided into two contests, the first one will offer prizes ranging from 1,000–3,000 BNB and the second will be offering 20 prizes ranging from 50–1,000 BNB. Binance CEO, Changpeng “CZ” Zhao, tweeted:
“To test the hell out of @Binance_DEX, we are giving away roughly $100,000 USD equivalent, in REAL $BNB, as reward for our testnet trading competition. You have nothing to lose! Come and join the fun, and help us launch the mainnet faster!”
Litecoin Partners With C&U Entertainment
The cryptocurrency startup, Litecoin, announced it has partnered with C&U Entertainment Global, the entity that produces Korean Pop concerts (K-Pop), planning to promote the cryptocurrency to the K-Pop fans worldwide. Previously, the company have partnered with Glory Kickboxing and UFC to promote their cryptocurrency and is now going to offer VIP tickets of upcoming Korean Pop concert to be held on 6th April for purchase only through the digital currency of LTC. Charlie Lee, Litecoin’s creator, said:
“These entertainers have millions of followers across the globe, who in large part, are familiar with cryptocurrency and are historically early adopters of new technologies. The ability to tap into this type of audience through education and real-world use cases can be really powerful for Litecoin.”
