On Wednesday, Bitcoin was in a difficult situation. Ethereum, on the contrary, was able to break the resistance above $200. The digital currency market little-by-little became part of everyday life. It means from all over the world are using digital currencies even for daily tasks.
As mentioned above, Bitcoin was struggling to deal with problems. Nevertheless, its price remained above $10,000. This level is crucial for this digital currency as whenever the price falls below that level it creates additional pressure for Bitcoin. Every time when the price of Bitcoin falls, this affects the mood of the cryptocurrency owners. However, there is no need to start selling Bitcoin’s as the price most likely will become higher in several days or even hours.
The good news connected with cryptocurrencies came from Argentina. Singapore based crypto and Blockchain Company Huobi Group made an announcement. According to the press release, the company will open the digital asset exchange in Argentina. The CEO of Huobi Argentina Carlos Banfi talked about the significance of cryptocurrencies and added that Argentina has all the prerequisites to develop this market.
The Huobi Group continues to expand as before announcing this decision Huobi obtained a license in Thailand. This happened two months ago in July. The company received permission to operate a fully-regulated digital currency exchange. According to the plan, Huobi Thailand will start its operations in the third quarter of 2019.
Digital currencies on Wednesday
Bitcoin is the biggest cryptocurrency when it comes to market capitalization. Crypto investors and analysts pay more attention to the Bitcoin. Bitcoin’s price was $10,128.
