RATE Group | Bitcoin $5000 remains a major risk
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Bitcoin $5000 remains a major risk

Bitcoin $5000 remains a major risk

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Here’s what you need to know on Wednesday

Markets

BTC/USD is currently trading at $5250 (+0.65%), price action continues to move within a consolidation nature. 

ETH/USD is currently trading at $114 (-0.45%), the threat of $100 being challenged to the downside remains.

XRP/USD is currently trading at $0.14 (-0.90%), limited price action for now, as it continues to narrow within a pennant via the daily. 

Among the 100 most important cryptocurrencies, the best of the day are STEEM  $0.175925 (+55.00%), WAXP $2.14 (+20.75%) DASH $51.99 (+19.15%) The day’s losers are LUNA $0.122338 (-9.42%), DX $0.001225 (-8.30%), MKR $196.66 (-7.25%).

Chart of the day: XRP/USD daily chart (price action is narrowing within a bearish pennant structure) 

Market

The MakerDAO governance has approved the USD Coin (USDC) stablecoin as the third collateral type accepted in the Maker Protocol, according to a community post. USDC now joins Ether (ETH) and Basic Attention Token…

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