Crypto Today: Bitcoin bulls have an opportunity for greater upside – FXStreet


Here’s what you need to know on Friday

Markets

BTC/USD is currently trading at $5950 (+19.65%), bulls make a big range breakout as price firmly reclaims $6000, gunning for $7000. 

ETH/USD is currently trading at $130 (+18.45%), a break down of resistance at $130-140 range paved way for decent bullish momentum. 

XRP/USD is currently trading at $0.15 (+11.90%), narrowing trading conditions has been breached by the bulls, with foundations laid for a recovery. 

Among the 100 most important cryptocurrencies, the best of the day are BSV $165 (+33.00%), MCO $4.33 (+29.65%) NEXO $0.121145 (+28.15%) The day’s losers are STEEM $0.27696 (-12.42%), BCN $0.000219 (-10.30%), EURS $1.057 (-1.25%).

Chart of the day: BTC /USD daily chart 

Market

Reports detail that bidders have already committed to buying Maker (MKR) tokens for a total of $2 million in Dai (DAI) as the first phase of the MakerDAO debt auction reaches its final stages.

The majority of the current winning bids were placed at around 1:25 a.m. EST, March 20, so unless further bids come in, most of the lots will be sold at around 7:25 a.m. EST.

The open-source Baseline Protocol code allowing private systems to be built on the Ethereum public blockchain has now been published to GitHub, as of March 19. This means that the EY, Microsoft and ConsenSys-developed protocol is available to the public.

Regulation

An industry association of Europe’s clearinghouses said they’re in favour of a single classification that covers all crypto assets across the bloc. The EU is developing a broader push on how to handle the cryptocurrency industry, and clearinghouses will bear more of the burden.

Dubbed “On an EU framework for markets in crypto-assets,” the new legislation looks further to standardize regulatory approaches across the European Union.

Industry 

Growing crypto adoption and the COVID-19
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