Economist: Bitcoin and Crypto Bear Market Is Over – Plus Ripple and XRP, Ethereum, Tron, Litecoin, Stellar, Cardano
From a potential Bitcoin bear surrender to a new partnership at Ripple, here’s a look at some of the stories breaking in the world of crypto.
Economist and crypto analyst Alex Krüger says he believes the Bitcoin and crypto bear market is over, and actually ended a few months ago. From a technical perspective, Krüger says BTC needs to break $4,200 to drive the final nail in the coffin.
This is not a call. Not a matter of ageing well or not.
A break above 4200 technically ends the bear trend that started Jan 2018. Facts don't care about opinions.
If strong selling resumes later on, that would represent a different trend. pic.twitter.com/vPXepUGJoW
— Alex Krüger (@krugermacro) March 29, 2019
Krüger says his analysis is fundamentally unchanged from last month, when he said Bitcoin’s chart shows “all the components of a bottom” and that a three-stage market reversal begins after capitulation.
2/ The $BTC chart has all the components of a bottom.
– Capitulation (Nov-Dec)
– Bounced off long term trend measure, twice, on Dec & Feb (200 WMA)
– Broke out from Higher Low in high volume (Now)
A flush down on the last push lower would have increased bottom odds. pic.twitter.com/DIv5gX36wW
— Alex Krüger (@krugermacro) February 20, 2019
The company behind the Ethereum-based MLB Crypto Baseball is launching packs and season passes. Officially licensed, Lucid Sights teamed up with the Los Angeles Dodgers last year, giving fans tokenized MLB collectible figures that can be stored and traded on the Ethereum network.
Ripple and XRP
India’s Federal Bank says it’s partnering with Ripple to utilize the company’s cross-border payment solution xCurrent. The private bank says it will use Ripple’s network of banks and financial institutions to explore new corridors.
Meanwhile, for the third time this week, the Singapore-based crypto exchange Bitrue is boosting XRP. The digital asset is now paired with Binance Coin – the 39th XRP-based pair on the exchange.
Deposit & Withdrawal have been enabled.
— Bitrue (@BitrueOfficial) March 29, 2019
Litecoin founder Charlie Lee has passed the Bitcoin Lightning torch to Abra founder Bill Barhydt. So far, Barhydt hasn’t offered a hint on who’s next in line.
Looks like I’m now the Lightning Torch bearer.
Thanks @SatoshiLite for your confidence and of course for your contributions to Bitcoin and Litecoin.
— Bill Barhydt (@billbarhydt) March 29, 2019
Interstellar, the decentralized exchange built on the Stellar network, just launched a new upgrade. The team is also hinting at its Lightning Network implementation
“We have been looking at the Lightning Network from a fresh and slightly different perspective and to this end, our Skunk Works Division at FINTECH Ltd, has been working on what we refer to internally as project ‘GodSpeed’ which we will share with the community in the fall of 2019.”
We will like to announce our newly refreshed website for the Interstellar wallet and decentralized exchange, the release of Interstellar version 3.6.0 code-named Vega, and our project #GodSpeed teaser. https://t.co/4dyZA68vhy @xlmstellarlumen @StellarOrg
— Interstellar (@interstellardex) March 29, 2019
Tron’s latest weekly report on the platform’s decentralized apps (DApps) is out. According to the report, the Tron ecosystem now has 236 DApps powering 4.2 million transactions in the last 24 hours.
Cardano creator Charles Hoskinson sat down for a surprise ask-me-anything from Istanbul. Hoskinson talks about his recent travels, crypto politics, outreach in Ethiopia, and says Cardano’s new roadmap will be released at the IOHK Summit in Miami next month.