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A CNBC contributor and founder of BKCM, an investment company in cryptography technology, Brian Kelly, said that the fact that Cboe ended the Bitcoin transaction revealed that retailers were exhausted.
"That tells me that retail traders are irrelevant, because these Cboe futures were a contract, so about $ 3,900 against five [contracts]so about $ 20,000. So I think the retail business is exhausted. You start seeing exhausted sellers.
And the institutions arrive. Fidelity is a catalyst for the second quarter. I think that with all these things combined, we could look back and say, "You know what? In the $ 3,000, it was a good place to buy Bitcoin. "
At present, the crypto market is mainly in the green. At the time of publication, Bitcoin is up 1.12% to $ 4,008. Ethereum is up 0.55% to $ 138, and the XRP is up 1.5% to $ 0.3174.
Overall, technical badysts seem bearish on Bitcoin and XRP, while the prospects are divided on Ethereum.
Bitcoin
Empire FX – Bears are looking for a way back to less than $ 4,000
Ethereum World News – Bitcoin still in correction mode, RSI indicates selling pressure at stake
CoinDesk – BTC faces a slight decline in prices as price exhaustion increases
Ethereum
Ethereum World News – ETH could be done with his slide
ETHNews – Ether look at the last line of defense
NewsBTC – Trade in ETHs at a crucial moment
XRP
NewsBTC – XRP could drop to $ 0.3000 when sellers take control
FXStreet – Market trend in a narrow range as bears take over
Blockonomi – XRP takes control, the price could extend the bearish correction
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