Facebook introduced the official list of currencies that will ensure the stability of Libra. It also became known about the share of each currency in the basket.
The shares of national currencies are presented as follows:
50% – USD;
18% – EUR;
14% – JPY;
11% – GBP;
7% – SGD.
On Friday, the head of the blockchain division of Facebook, David Marcus, confirmed that the company is still planning to issue digital currency next year, despite the negative attitude of the authorities of various countries.
“By this time, we plan to answer all available questions and create an acceptable regulatory environment,” he said.
Marcus added that Libra is highly likely not to become a means of payment in countries such as Switzerland, Germany, and France, but it will be used as a tool for making international transfers or very small settlements.
Let us recall that earlier, the French Minister, Bruno le Maire, opposed the spread of Libra in Europe, and then the German authorities supported this initiative.
Markus noted that at the first stage of development, attracting users to stablecoin will be an even bigger problem than compliance with the law. According to him, Libra will not have a destabilizing effect on the global financial system and will not interfere with the monetary policy pursued by central banks, because it will not take part in the release of the new money supply.
Technical analysis of Bitcoin (BTC):
Over the past day, bitcoin dropped to the support level of $9,570. Bitcoin was not able to break through the mark of $10,000. Now, it’s price is $9,700. Bitcoin may remain in the flat with a range of $9,750-10,000 for a long time. The price of Bitcoin will certainly jump up. But, we have no illusions regarding the emergence of a powerful trend. The nearest resistance levels are $9,800, $10,000. The nearest support levels are $9,750, $9,350.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum fell to the support level of $193. This movement means that there are currently no buyers who could continue the purchases. Now, the price of ethereum is $196. We tend to believe that the price of ethereum, after a rebound to the resistance level of $200, will continue to fall. The nearest resistance levels are $200, ;214. The nearest support levels are $193, $185.
Technical analysis of Ripple (XRP):
Over the past day, ripple rose to the level of $0.2815. This movement fully coincided with our forecast. Now, the price is $0.2650. We wait for the rise to the resistance level of $0.2740, but principally, we expect a flat. The nearest resistance levels are $0.2670, $0.2740. The nearest support levels are $0.2630, $0.2585.
