Bitcoin prices are unlikely to rebound today but they have fallen sharply and may even move towards the low threshold below $ 8,000 / BTC.
Bitcoin drops
Bitcoin prices today are trading around the $ 8.234 / BTC level - down about $ 200 compared to yesterday.
Specifically, bitcoin opened at $ 8,395, the highest intraday price was $ 8,405, the lowest price was $ 8,143, market capitalization was $ 140 billion and the supply was $ 17,048,425.
Bitcoin prices are unlikely to rebound today but they have fallen sharply and may even move towards the low threshold below $ 8,000 / BTC.
According to Coindesk forecast, Bitocin price outlook is quite neutral despite the breakout and reversal in technical analysis due to not yet recovered in total trading volume.
In the past 24 hours, the ethereum dropped 3.07% to $ 700 in the top 10 digital currency, down $ 2.995 to $ 0.679. The biggest drop in the top 10 was IOTA with a 5.43% discount. Only TRON gained 4.04%, according to statistical data from CoinMarketCap.
However, Bitcoin suddenly gained trust from many investors. Danny Masters, Chairman of CoinShares firmly believes that Bitcoin prices will recover as they are at the end of 2018.
Meanwhile, Arthur Hayes, a multi-year e-money investor, has made a "pink" estimate for Bitcoin and predicts that the price of the electronic currency will rise to $ 50,000 by the end of the year. .
First bank transfer by Bitcoin
Argentina's Banco Masventas said it has begun allowing clients to conduct cross-border transactions with bitcoin from May 21.
Banco Masventas is linked to the Bitex virtual currency startup network that was set up in 2014 to carry out this work. The bank will use bitcoin as a payment platform in international transactions to replace the SWIFT system (Interbank Telecommunications and International Finance Association).
Banco Masventas could be the first domestic bank in the world to allow customers to use bitcoin as a payment method. According to this bank, customers can use Bitex to transfer money to more than 50 countries in less than 24 hours with a 3% transaction value and value added tax (VAT) fee.
The system works like a ripple, except that it uses bitcoin instead of XRP. Instead of moving in the form of pre-payment between banks on the SWIFT system, the amount of money that the customer deals in the form of a bitcoin will be transferred to the exchange that is able to transfer that virtual currency to the customer.