- Bitcoin over 35% in a week and over 120% in 2019
- HTC’s Exodus Phone has in-wallet crypto swaps
- Real-T exclusively launches on CBX
Bitcoin over 35% in a week and over 120% in 2019
Bitcoin (BTC) one of the most popular cryptocurrencies in the Blockchain industry and the largest by market capitalization, has increased over $2,000 or 35% since last week, extending gains to a 9-month high.
Last week, we talked about Bitcoin reaching to $6K and then looking at next resistances to watch out for, during last week the price has reached to over $8,500 and the next prices to keep an eye on are $9K, $9.5K, and of course $10K.
We can see a clear shift in sentiment since Bitcoin started to move away from the $3,000 levels. Also, many investors are not feeling secure holding Tether (USDT) due to the latest news from it’s holding company and Bitfinex.
Many other investors believe that the reason for the bump might be due to Consensus 2019, which is the largest Blockchain focused event in the world and usually attracts a lot of attention from both insiders and newcomers to this space.
The last fundamental reason for this extended week of gains might be the fact that many investors need to close shorts and many others might be forced to liquidate which creates massive spikes in price very quickly.
Although some alt-coins have gone up in price against USD, they have decreased in price relative to Bitcoin, pushing Bitcoin to a $140 billion dollar market capitalization and dominating the market by 60%, usually when the market is trending up, BTC losses dominance but this time it looks like Bitcoin is the undoubted winner.
HTC’s Exodus Phone has in-wallet crypto swaps
The Taiwanese electronics company announced that their phone, the EXODUS 1, will be a blockchain phone that will allow users to swap between some cryptocurrencies within its wallet.
This feature is possible because of a new partnership between HTC and the liquidity protocol from decentralized exchange startup Kyber Network. This means that users will be able to swap between ERC-20 tokens such as Brave’s Basic Attention Token (BAT) and MakerDAO’s DAI stablecoin directly on-chain which makes crypto-to-crypto trading more secure and intuitive.
We are seeing similar actions from other tech giants such as Samsung, will this be the way for mainstream adoption? Also, it’s worth to mention that you can pay for this phone using crypto directly from HTC’s official website.
The EXODUS 1s is expected to retail for between $250 and $300.
Real-T exclusively launches on CBX
Real-T(REALT) is a cryptocurrency token and operates on the Ethereum platform. Several implementations of fiat-pegged stablecoins have been proposed, such as Tether (USDT), Gemini Dollar (GUSD), USD Coin (USDC) et al. However, most of the stablecoins available on the market are aimed at mimicking the US Dollar. The Real-T token aims to offer the first stable coin denominated in Brazilian Real.
Brazil is one of the Top 10 economies in the world and has been a hot spot for cryptocurrency trading in recent years. Local traders and arbitrators have shown a lot of interest in a tokenized version of the Brazilian Real.
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