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There was a sharp rise in the price of bitcoin on the stock exchange, China was in the first place in the implementation of blockchain solutions. TrustToken has released stablecoins in pounds.
In less than an hour, the price of bitcoin rose to the level of $ 5000. However, then a slight correction came, and the cryptocurrency went to the level of $ 4957. Analysts are confident that deferred demand worked to realize this. Almost all indicators indicate that the downtrend is over.
The head of BKCM LLC financial company, Brian Kelly, is confident that after a 17% increase, the next target will be a rise to $ 6,000. He is confident that the emergence of large investors will be the driver of this movement. They are ready to place funds in the cryptocurrency, but they will not do this until the final break of the downtrend. As soon as they gain confidence in the spread, large capitals will come to the market.
What else can we expect from BTC?
According to the company Blockdata, China has proven to be the leader in implementing the blockchain technology. 263 projects were launched here, that is, approximately 25% of their total worldwide. Moreover, a significant part of these decisions was used by government agencies.
In addition, China is the leader in the number of patents filed. The country accounts for more than half of the registered inventions in the blockchain field. Despite the tight regulation of cryptocurrency trading, the government pursues a policy of supporting innovative companies. To a large extent it was precisely this that caused the appearance of such numbers.
The startup TrustToken has launched TrueGBP stablecoins, which is tied to the British pound. It received the TGBP ticker, and you can buy or exchange it through the TrustToken application. The token can be stored in any cryptocurrency wallet that supports the ERC-20 standard.
The appearance of this steablcoin will greatly facilitate the conduct of trading with various cryptocurrencies. In addition, users will be charged a certain percentage for depositing on a TGBP deposit. The coin is provided with fiat money. Their balance can be monitored using the same TrustToken application.