According to Acuiti, in the next two years, many companies selling traditional assets will enter the cryptocurrency market, which will contribute to the development of digital currencies.
The study, which was conducted jointly with Bitstamp and the Chicago Mercantile Exchange (CME), involved firms that trade both traditional financial assets and cryptocurrencies. Today, the level of implementation of cryptocurrencies is quite low – only one in five traditional firms is engaged in trading bitcoin, ethereum or other altcoins.
However, among such organizations, there is a growing interest in the cryptocurrency market, as they are considering the possibility of becoming a participant in it or expanding their presence in it in order to “cover” even more assets. 97% of traditional companies trading in traditional assets are ready to enter the cryptocurrency market within two years, and 45% will consider this opportunity in the next six months.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin was in the flat with a price range of $6500-6985. Now, the price of bitcoin is $6,640. In the future, there is a high probability of the negative movement. The nearest resistance levels are $7,100, $7,300, $7,660, $8,000, $8,020, $8,140. The nearest support levels are $6,500, $6,400, $6,250, $6,000, $5,780, $5,450, $5,000, $4,840, $4,440, $3,900, $3,700.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum was in the flat with a price range of $134-143. Now, the price of ethereum is $135. In the future, there is a high probability of the negative movement. The nearest resistance levels are $140, $143, $152, $161, $170. The nearest support levels are $134, $127, $120, $115, $110, $99, $88.
Technical analysis of Ripple (XRP):
Over the past day, the ripple price broke through the upper limit of $0.1660 and rose to the resistance level of $0.18. Now, the price of ripple is $0.17400. In the future, we predict a downtrend. The nearest resistance levels are $0.18, $0.1850, $0.1980, $0.2050. The nearest support levels are $0.1750, $0.1680, $0.1570, $0.1520, $0.1420, $0.1370, $0.1280, $0.1140, $0.1050.
