RATE Group | Bulls take a step back as Bitcoin, Ethereum and Ripple consolidate
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Bulls take a step back as Bitcoin, Ethereum and Ripple consolidate

Bulls take a step back as Bitcoin, Ethereum and Ripple consolidate

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  • Coinbase launches Coinbase Custody International to cater for growing demand for custody services in Europe.
  • Bitcoin’s consolidation is likely to culminate in a massive breakout above $9,400 and $9,500 respectively.

The cryptocurrency market is taking a breather following an action-packed few days. The entire market has remained relatively slow apart from the shallow correction from $256 billion to $255 billion (current market capitalization). On the other hand, trading activities have gone down significantly. For instance, the total trading volume stands at $110 billion after a sharp drop from $123 billion on Wednesday.

Coinbase launches Coinbase Custody International

Coinbase has responded to increasing demand for institutional-grade custodial services with the registration of a new company, Coinbase Custody International Inc. The company’s spokesperson says that the branch, Coinbase Custody boasts of $8 billion in assets put under its safekeeping; a…

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