Digital currencies demonstrate mixed performance

Digital currencies demonstrate mixed performance

On Wednesday, key crypto assets showed mixed performance. Their fluctuations were minor because of a lack of directional movers.

Eventually, Bitcoin headed south by 0.10% concluding the trading marathon at $5,188.4, stilly staying above the $5,000 mark. Well, it had stayed below the $5,000 mark since mid-November before it unexpectedly gained steam on April 1.

Aside from that, Ethereum went up by 1.49% demonstrating an outcome of $178.69. As for XRP, this digital coin went down by 0.17% being worth $0.34922, while Litecoin edged up by 0.76% hitting $87.453.

Additionally, the cryptocurrency market capitalization still amounted to $181 billion, which is the same level observed yesterday.

China’s planning agency formulating macroeconomic policies told it actually considers banning cryptocurrency mining in China. The news gained much attention among investors.

The National Development and Reform Commission officially included cryptocurrency mining in the list of activities it’s going to terminate and until May 7 it’s currently seeking public opinion.

By the way, China is generally known for its radical stance against digital coins. For instance, China’s key financial institution banned ICOs in 2017.  

China appears to be an ideal place for cryptocurrency mining due to its cheap energy as well as the abundance of hardware. Bitmain, a mining giant is about to set up 200,000 units of mining equipment in China with the aim of using its cheap hydroelectric power.

However, the given news failed to set Bitcoin back – it kept hovering above the $5,000 mark.

Another breaking news, which gained attention in the crypto market, was that the US subsidiary of EU cryptocurrency exchange Bitstamp had been granted a digital currency license from New York state’s financial watchdog.


Where is Dogecoin?
Where is Dogecoin?

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!

Latest news

News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera