Premium Club Bonus

Enjoy up to an
Extra 20% Deposit Bonus

SHARE
this page
FacebookTwitterLinkedInWhatsAppTelegramMessenger

Crypto Outlook

  

BTC: $23,577.02

ETH: $1,641.50

XRP: $0.3766

LTC: $95.08

The global crypto market cap is $1.08T, a 1.50% increase over the last day. The total crypto market volume over the previous 24 hours is $34.77B, which makes a 5.08% decrease.

BTC: BTC price increased by 1.43% over 24 hours and fell by 3.46% in the past seven days. The asset reached a low and high of $23,130.19 and $23,654.37, respectively.

Mixed opinions on BTC price strength. Mike McGlone, the senior macro strategist at Bloomberg Intelligence, expressed doubt about bulls’ potential to overcome the $25,000 resistance zone, while few believe BTC may trade up.

Mike McGlone, on his Twitter, wrote:

“Headwinds Remain Strong; Markets Have Bounced – ‘Don’t fight the Fed’ was the dominant headwind for markets in 2022 and remains so in 1Q”.

“Bitcoin $25,000 resistance may prove significant for all risk assets.”

On the other hand, famous trader Kaleo maintained that $30,000 remained a BTC price “magnet.”

ETH: ETH price increased by 2.34% over 24 hours and decreased by 2.64% in the past seven days. The asset reached a low and high of $1,597.21 and $1,645.91, respectively.

Since the start of the Russia and Ukraine dispute, Ukraine has received over $70 million in cryptocurrency donations which helped the country with military equipment and humanitarian assistance.

According to the data by blockchain data platform Chainalysis on Feb. 24

the figures show that most of the funds came in Eth and BTC. Maximum were the ETH donors leading by $28.9 million given, while donors of BTC summed $22.8 million and Tether USDT by $11.6 million, respectively.

On Feb. 24Alex Bornyakov, the deputy digital minister of Ukraine explained in an interview with Yahoo Finance.

“If we used the traditional financial system, it was going to take days. We were able to secure the purchase of vital items in no time at all via crypto, and what is amazing is that around 60% of suppliers were able to accept crypto; I didn’t expect this.”

XRP: XRP price increased by 0.16% over 24 hours and decreased by 0.28% in the past seven days. The asset reached a low and high of $0.3809 and $0.3841, respectively.

The crypto community, especially the XRP investors, wonders if XRP can reach $10 in 2023 as XRP reached $600 million in trading volume.

Developers from XRP Ledger and Ripple development lab RippleX have suggested a cross-chain bridge for XRPL to expand possible use cases and improve interoperability between different blockchain networks.

The developers recently submitted XLS-38d on Github, the XRPL standard for said cross-chain bridge.

Nevertheless, some factors may limit XRP’s growth potential. One prominent is Ripple’s legal battle with the SEC, which has been going on for over two years. The case is taking a lot of twists and turns, and it is becoming increasingly difficult to predict the outcome of the legal case.

LTC: LTC price increased by 0.91% and 0.83% over 24 hours and in the past seven days. The asset reached a low and high of $93.04 and $94.71, respectively.

As per the data by CoinMarketCap, Litecoin has proved to be the best-performing crypto in 2023, with an increase of 33% since the start of the year.

On the other hand, On Feb. 24, The Litecoin Foundation partnered with Metalpha to create environmentally-friendly mining solutions.

According to Litecoin, the main focus of the partnership’s research will be to enable the use of renewable energy and reduce carbon emissions from mining activities on the network.

Litecoin Via Tweet:

BREAKING: @LTCFoundation and @MetalphaPro form a partnership to develop hedging and sustainable mining solutions for the Litecoin ecosystem. Aiming to expand renewable energy use and lower carbon emissions on the Litecoin network.


Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

Trading Experience Plus

Previous
Next

Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods

  • Trade

    Access 500+ instruments across all asset classes on MT4/MT5

That's it, it's that easy to open a Forex and CFD trading account.
Welcome to the world of trading!
Open Live Account

Contact Us

  • General Enquiries

    We are here to provide you with a successful trading journey from account opening to funding and trading.

    [email protected]
  • Premium Clients

    If you are interested in becoming a premium to unlock your extra services as a high-volume trader or joining Vantage Club, please email us below.

    [email protected]