The finance industry has taken a shift, with financial technology taking the frontlines. As blockchain-based innovations improve and develop, the values of cryptocurrencies continue to change. If you’re planning to trade coins soon, you may benefit from the views and opinions of Fintech experts.
PT Unified Trade Indonesia review the latest cryptocurrency trends in December to help formulate possible predictions for 2021. You should check the marketing conditions before participating in any trades.
Here are some of the cryptocurrency trends at the beginning of December 2020:
Bitcoin and Altcoins
According to Katie Stockton, a Fairlead Strategies technical analyst, you can expect more short-term volatility from Bitcoin. Bitcoin started the month in a swing from $18,300 to $19,300, and prices reached as high as $19,920. Experts expect Bitcoin to surpass the previous all-time high of $20,089 in December 2017 by the end of 2020.
In November, Bitcoin caught headlines with an all-time high since 2017, while XRP, one of the most prominent altcoins, jumped to 169%. XRP took one of the top performance rankings of the month in CoinDesk 20. Ripple’s XRP has a $21.4 billion market capitalization, a fraction of the $350 billion Bitcoin market capitalization.
PT Unified Trade Indonesia review reveals that 2021 will be a good year for Bitcoin and cryptocurrencies in general. However, many first-time cryptocurrency traders may be unaware that a buyer doesn’t have to buy one whole Bitcoin at a time. The buyer can purchase a fraction of it that’s divisible to the eighth decimal according to value.
General Finance and Financial Technology Trends and News
Aside from Bitcoin and other altcoins, there have been significant movements and upgrades within the finance and fintech industries worldwide. These innovations and advancements will shape 2021 and the years to come.
Here are some of the most newsworthy trends in December 2020:
- BTC Markets, an Australian cryptocurrency exchange, has accidentally exposed the private information of 270 thousand users.
- According to Mizuho, a Japanese securities firm, around 20 percent of Paypal users have used the app to trade Bitcoin.
- NYDIG, an institutional Bitcoin shop, has raised $150 million for twin crypto funds.
- Russia has passed a law banning the use of cryptocurrency payments except for Digital Ruble. This change will take effect in January 2021.
- BlockFi has a Bitcoin rewards credit card launch scheduled in early 2021.
- The Libra Association rebranded to Diem, as part of its effort to distinguish itself from the Stablecoin push led by Facebook. The latter coin has invited an international regulatory backlash.
- ErisX, a cryptocurrency derivative platform, launches cash-settled contracts following failed physically-settled prospects.
- Zhavoronkov, Blockchair lead developer, pushes campaign to stop Bitcoin network Taproot upgrade.
Financial technology is evolving at a fast pace, and cryptocurrencies are gaining traction. You can expect a more competitive Bitcoin in 2021, according to the PT Unified Trade Indonesia review. You should wait for the perfect timing if you’re planning to trade your coins any time soon. Aside from Fintech, you can select options from other platforms.