🗞 Daily Crypto News, March, 20th 💰

Here's How High Bitcoin Price May Go if $6.4K Becomes New Support ;
Binance, Huobi to support Steem hard fork into Hive; STEEM token price shoots up ;
The Coronavirus API Delivers Vital Statistics Unmediated by Government Hands ;
Traders Finding More Arbitrage Opportunities in Bitcoin ;
Ripple Cements Asian Presence Through Partnership With Thai Fintech DeeMoney;
🗞 Daily Crypto Calendar, March, 20th 💰

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Here's How High Bitcoin Price May Go if $6.4K Becomes New Support

After rallying 21.6% to a new seven-day high at $6,375, Bitcoin (BTC) traders now seem intent on pushing the price higher to $7,200.

The digital asset has made an impressive 66% recovery since dropping to $3,775 on March 13, and the majority of altcoins are also notching double-digit gains. But how much longer can the current rally last?

As mentioned in the previous analysis, if bulls can flip the $6,300-$6,400 area to support, then traders could stomp toward $7,200, although previous price history shows $6,600 and $6,800 could be areas of resistance.

🗞 Binance, Huobi to support Steem hard fork into Hive; STEEM token price shoots up

Two major crypto exchanges – Binance and Huobi – have said that they will support a planned hard fork of the Steem Steem blockchain, which would result in the new Hive network.

The market for the STEEM token appears to have reacted positively to the news, and is currently up by 180% at around $0.35, according to CoinGecko.

Binance said it will support the hard fork, which is scheduled to take place tomorrow, and will distribute the new hive tokens to steem holders in 1:1 ratio.

🗞 The Coronavirus API Delivers Vital Statistics Unmediated by Government Hands

The COVID-19 pandemic arrives as Americans' trust in institutions is faltering.

According to a January 2019 Pew Research Center survey, only 35 percent of adults have a great deal or a fair amount of confidence in elected officials to act in the public’s best interest, while fewer than half trust corporate or media leaders.

Further, while 68 percent had a mostly favorable view of medical research scientists, only 16 percent of those surveyed said they “know a lot” about what these researchers do.

🗞 Traders Finding More Arbitrage Opportunities in Bitcoin

As bitcoin (BTC) experiences vertigo-inducing gains, cryptocurrencies are breaking out of a period where they followed or even lagged behind traditional markets. In fact, prices in the crypto market are seeing such a steep upward trend that arbitrage traders are able to trade between Bitfinex and other exchanges to easily capture profit.

Bitcoin is up over 15 percent in the past 24 hours, changing hands at $6,206 as of 20:30 UTC (4:30 p.m. ET) Thursday, according to CoinDesk’s Bitcoin Price Index.

Meanwhile, the Nikkei 225 index closed its day at 05:00 UTC Thursday down 1 percent. That’s notable because recently crypto traders were looking at the Asian-based markets and indexes like the Nikkei for signals, which in the past week did create a brief correlation.

“It was surprising to see bitcoin's correlation with a traditional index like the Nikkei 225 given bitcoin's similarity to traditional stores of value like precious metals,” said Marc Grens, co-founder and president at DigitalMint, a bitcoin point-of-sale provider. “That being said, since the creation of the Bitcoin protocol, this is the first time we’ve seen the behavior of bitcoin holders through a bear market.”

🗞 Ripple Cements Asian Presence Through Partnership With Thai Fintech DeeMoney

Thai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia.

As the first non-bank institution in Thailand to sign on to RippleNet, DeeMoney already processes inbound transfers using the blockchain network along remittance corridors in the Middle East and Gulf Regions, South Korea, Indonesia, Singapore and Israel.

On March 18, Ripple and DeeMoney announced the second phase of their partnership to widen these services to support outbound remittances from Thailand to destination countries.

A major remittances market

The value of remittances in Thailand is forecast to break the $1 billion mark in 2020, continuing a consistent uptrend from $623 million in 2018 and $850 million in 2019.

🗞 Daily Crypto News, March, 20th💰

BitTorrent (BTT), TRON (TRX)

"TRON & Bitribe Online Carnival" at 2 PM (UTC+9).

General Event (CRYPTO), Horizen (ZEN)

"The event will take place in Kiev on March 20, 2020, and will bring together the strongest blockchain communities in Ukraine and Europe!"

Gulden (NLG)

"20th of March 2020 - Phase 4."

Nexus (NXS)

V5.0.1 Nexus Core will introduce a HARD FORK on March 20th 2020 at 3:49am(GMT). At that time all users/nodes must be on 5.0.1 or greater....

Tael (WABI)

"Deposits are live now, with markets to be opened at 11AM UTC on Friday March 20th."

🗞 Daily Crypto News, March, 20th 💰

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Here's How High Bitcoin Price May Go if $6.4K Becomes New Support

🗞 Binance, Huobi to support Steem hard fork into Hive; STEEM token price shoots up

🗞 The Coronavirus API Delivers Vital Statistics Unmediated by Government Hands

🗞 Traders Finding More Arbitrage Opportunities in Bitcoin

🗞 Ripple Cements Asian Presence Through Partnership With Thai Fintech DeeMoney

🗞 Daily Crypto News, March, 20th💰

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