Italy’s State-Owned Bank Trials Digital Bonds on Polygon Blockchain
The European Central Bank initiated the trial to explore how blockchains can enhance central bank settlement.
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin Bitcoin Cash, Ethereum, and Ripple — have gone up 13.03% in aggregate. The best performer of the bunch was Bitcoin Cash, which went up 30.79% and currently is sitting near $349.25 USD . In terms of the worst performer, that would be XRP, which reported a day-over-day return of 2.87% — a move that puts its price around $0.217609 USD. Out of the five coins observed here, all five cryptocurrencies were up — which is nice for those bullish on cryptocurrencies as a whole.
Bitcoin, Bitcoin Cash and Ethereum had especially unusual moves, in the sense that they were much larger than the normal daily trading range of each respective currency. What caused these moves might be worthy of further investigation. Technical traders may also wish to note the following developments in price action:
The blockchain that saw the most transactions recorded on its blockchain over the past day was Ethereum; its 705,983 transfers added was about 106% greater than the transactions recorded on Bitcoin, which was the runner up for transactions logged on its chain over the past 24 hours. Ethereum’s transaction fee is less than Bitcoin’s transaction fee; in and of itself, this may imply transaction fees might be a key reason why users are preferring Ethereum. Bitcoin was the coin with the largest transaction across all blockchains yesterday; the largest transaction on its chain was valued at $1,021,230,592 US dollars. Bitcoin’s dominance of the crypto market remains intact, with it now accounting for approximately 66.32% of the value of all circulating cryptocurrencies. Note that Bitcoin’s dominance level has been in an unclear trend, bouncing between 66.32% to 69.22% over the past two weeks.
The European Central Bank initiated the trial to explore how blockchains can enhance central bank settlement.
n recent months, inflation measures, including the Consumer Price Index and Personal Consumption Expenditures Index, have moderated.
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CryptoQuant CEO says Bitcoin is still vulnerable to “speculative FUDs,” giving smart money a way to buy up cheap BTC.