Since Thursday’s shake-up in bitcoin prices, the cryptocurrency has traded in a narrow range near the $ 7,500 level. Not only has it returned from losses suffered in March, but it is also showing some upward momentum.Last month, instead of following the trend of going against traditional markets, bitcoin fell with them. Around March 12, it followed traditional markets and collapsed; It hit $ 7,650 at the lowest level since March 2019, which was $ 4,107, according to data from CoinMarketCap. A few days before the crash, the bitcoin price was around $ 9,100.However, the price of a BTC is currently above the 10-day averages and 50 moves on the daily charts, a bullish technical signal. “Despite the massive sale of bitcoins in mid-March 2020 when we saw a drop of close to 50 percent, now, within a month, it recovered 95 percent,” said Antoni Trenchev, co-founder of Nexo. This has brought a new light to cryptocurrency use around the world. Millions of new users are incorporating this new technology into their everyday life. Cryptocurrencies are no longer a trend or a technological savvy industry, it is becoming a whole new economy.
Bitfoliex, a solution with a lot of potential
All these changes involve a large number of people migrating from a traditional banking system to a hybrid with cryptocurrencies. Blockchain technology is no longer a novelty and is becoming a basic service for billions of people. One of the products that stands out for its ease of use is the crypto wallet bitfoliex. Millions of new users to the cryptocurrency and blockchain industry have used the tool of bitfoliex to enter this new world. Bitfoliex is the fastest growing wallet in Latin America and one of the top 10 worldwide.
Its easy to understand interface, in addition to the fact that they do not charge any registration fee has made this wallet one of the most popular on the market. In addition, the level of security managed by the company is of the highest standards in the industry and is one of the few wallets that has never suffered from a hack. In addition, its convenience to access it through internet at any time makes it a good start for anyone in the look to get into the cryptoworld. Future projects of the company include POS devices for stores to accept cryptopayments, merchant applications for online stores and much more. This is one project to be aware of in this upcoming year.
“We want to bring the criptoworld to everyone who can benefit from it, which is everyone.” Mariela Tanchez, marketing director
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