Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
Bitcoin goes up versus red market
On Friday, versus all odds, Bitcoin proceeded with its surge in Asia and the cryptocurrency market generally stayed in the red.
As a matter of fact, Bitcoin surged by up to 3.95% ending up with $6,311.6 having hit the major $6,000 mark yesterday. It appears to be the strongest momentum the number one crypto asset garnered since the beginning of 2019.
As for other crypto assets, they headed south. Eventually, Ethereum decreased by about 0.17% ending up with $171.18. As for XRP, it slumped by 2.24% reaching $0.29385. Additionally, Litecoin decreased by 2.48% showing $73.415.
However, due to Bitcoin, the overall market capitalization managed to tack on to $190.4 billion from yesterday’s outcome of $188.7 billion.
Additionally, Facebook was still in focus among the crypto investors. It has been recently informed that Facebook could come up with its own crypto asset already next quarter.
The newswire actually referred to an anonymous source, telling that in Facebook’s team responsible for the blockchain project, approximately one fifth of the members is utilized to work at PayPal. Moreover, it added that it signifies the social media giant’s ambition to have payments integrated into its platform.
As follows from that report, the social media giant is actually testing regular payments via a product dubbed WhatsApp Pay.
In addition to this, Facebook is already working on its own stablecoin pegged to the evergreen buck. The social media giant is told to be in talks with financial businesses as well as e-commerce players, including MasterCard and Visa.
Facebook’s attitude towards crypto assets has receded lately. Facebook announced On Thursday, it told it would soften its advertising ban on businesses promoting services and products having to do with crypto assets.
The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).