Tone Vays Calls Short-Term Bull Run
Former Wall Street trader and vice president of JP Morgan Chase Tone Vays says he remains bearish on Bitcoin, but thinks a BTC breakout to as high as $6,000 is likely on the horizon.
“I don’t think the bear market is over, but we are stabilizing here. A lot of people are getting bullish once again. I do think that we can break out on the price and go as high as $5,000, possibly even as high as $6,000, but I still think that we will see lower lows, sub $3,000 prices sometime this year…
I believe that the more times you hit a level of resistance, like in this case $4,200, the more likely it is to break and go to the upside. It’s just like how the more times we were hitting $6,000 all through out 2018, the more likely we were to eventually break below that level.”
Vays told IG he remains a long-term Bitcoin hodler, but won’t say the bear market is over until Bitcoin surpasses $10,000.
PayGlobal Launches XRP
UK-based payment platform PayGlobal says it has added XRP as its first crypto payment option.
The company, which is regulated by the Financial Conduct Authority (FCA), says its users can now convert their XRP to fiat and cash out at local ATMs.
UPDATE: Community asked for it, and they now get it. XRP is now live on @Payglobalme You can easily exchange XRP to fiat and send to your existing bank card or bank account and in the UK you can get cash at ATM's with no bank card needed. #XRP #buidl #Crypto pic.twitter.com/NKekgFIdzN
— PayGlobal (@Payglobalme) March 19, 2019
One Billion Stellar (XLM) Transfer
Crypto whale watchers are tracking the movement of one billion XLM.
The transfer originated from the Stellar Development Foundation, triggering speculation that the funds were sent from the Foundation to the crypto exchange Coinbase, which recently listed XLM on its retail and professional trading platforms.
— Whale Alert (@whale_alert) March 19, 2019