Bitcoin IRA, serving cryptocurrency individual retirement accounts, has partnered with Genesis Capital to allow retirement account holders to earn interest on their cryptocurrency and cash holdings.
Announced on Monday, the partnership enables Bitcoin IRA users to lend out their assets through cryptocurrency lending firm Genesis Capital and earn interest. According to the statement, interest received from loans will be paid monthly and credited directly to users’ retirement accounts.
The launch of the program is scheduled for November this year. Chris Kline, Executive Director and Co-Founder of Bitcoin IRA, noted that “the interest earned by the client can compensate for the commission for trading or custodial storage, allowing them to service the account for free.”
Founded in 2015, Bitcoin IRA has already registered over 4,000 customers and completed over 350 million transactions.
According to a spring study, the cryptocurrency lending market continues its development. In 2018, only Genesis Capital issued loans secured by cryptocurrencies worth more than $1.1 billion.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin was in the flat between $8,140-8,310. Now, it is $8,250. In the future, we believe that bitcoin will break through the upper boundary of the channel to continue the uptrend. The nearest resistance levels are $8,280, $8,400, $8,600. The nearest support levels are $8,140, $8,000.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum rose to the resistance level of $175. Now, it is $172. In the future, we expect the continuation of an uptrend only if the price of ethereum breaks through the support level of $172. The nearest resistance levels are $175, $178, $181. The nearest support levels are $172, $170, $168.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple rose to the support level of $0.3030. This price movement coincided with our forecast. After such an increase, the price dropped to the support level of $0.2930. Now, it is $0.2950. In the future, we expect the continuation of the uptrend. The nearest resistance levels are $0.2980, $0.3080. The nearest support levels are $0.2940, $0.2910.
