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Bitcoin news today (March 10): Is this a buying opportunity?

    Bitcoin news
    Bitcoin news

    Continued unsteady

    Bitcoin has been unable to keep its stability above $ 8,000 and the currency has mostly moved around the $ 7,700 – $ 7,900 range.

    Bitcoin price movement over the past 24 hours
    Bitcoin price movement over the past 24 hours

    In the past 24 hours, the lowest bitcoin price recorded at $ 7,625 and the highest at $ 8,106 – according to Coindesk exchange rate.

    Today's bitcoin exchange rate (March 10) recorded at 10:20 at $ 7,890, down 2.28% from the previous 24 hours.

    The capitalization of the bitcoin market remains around $ 143.98 billion, with Bitcoin's market dominance (market share) at 63.9% – according to the BTA's bitcoin exchange rate (https://blogtienao.com/ty-gia/BTC/bitcoin/).

    Bitcoin exchange rate
    Bitcoin exchange rate

    Similar to yesterday, the market today was still quite bleak, with 80/100 cryptocurrencies falling compared to the past 24 hours.

    Overview of the cryptocurrency market
    Overview of the cryptocurrency market

    The top 10, except for BSV, are all down from the last 24 hours.

    Top 10 cryptocurrencies by market capitalization
    Top 10 cryptocurrencies by market capitalization

    The total market capitalization of digital currencies continues to plummet, recorded at 10:20 am at US $ 226.21 billion, down US $ 27 billion from the previous 24 hours.

    Total market capitalization of cryptocurrencies
    Total market capitalization of cryptocurrencies

    The volume of 24-hour transactions in the market increased to 166.54 billion USD, an increase of 33 billion USD compared to 9/3.

    Along BTA review the news available in the day, the content in the article will be updated as new news ..

    Buying opportunity?

    The sharp decline in the cryptocurrency market comes after Brent crude oil futures plunged by 30%, trading at $ 31.02 – the lowest since February 2016. The securities sector of the markets also “red fire” in the first trading session of the week.

    Big changes in the cryptocurrency market are not unusual. Many players think that this drop is a buying opportunity.

    CNBC quoted Jehan Chu, co-founder of Kenetic Capital, an investor in blockchain startups, said that this is an opportunity to buy in for people with long-term investment needs. "Future volatility may be even more due to falling financial shocks and macro platforms but long-term investment in digital assets, especially bitcoin, is a logical strategy. ".

    Crypto analyst, Razer, tweeted that “any drop in bitcoin is a buying opportunity for investors, but it depends on the situation to decide whether to jump in or not. maybe beartrap. For me to invest in bitcoin must determine the purpose of long-term hoarding, so that you will be profitable and not subject to strong market volatility. "

    Crex24 floor allegedly hid customers about the attack

    Users are denouncing a cryptocurrency exchange in Estonia, Crex24, about hiding the hackers after stopping a few trading pairs.

    Crex24 member confirmed that the exchange has not yet explained about stopping trading more than 60 digital currencies. The exchange also locks withdrawals and deposits for many currencies on the platform.

    According to coin360, Crex24 presided over $ 2.62 million worth of transactions over the past 24 hours, ranking 137th on this trade volume chart.

    Boeing uses a blockchain to track and sell $ 1 billion of aircraft parts

    Boeing has teamed up with multinational aircraft corporation Honeywell to use the GoDirect platform to track and sell $ 1 billion of redundant aircraft parts using blockchain technology.

    This was revealed at the 2020 Hyperledger Global Forum in Arizona. Lisa Butters, director of Honeywell, said these parts were listed on GoDirect Trade last weekend.

    The aircraft industry is heavily dependent on complex paperwork for every single part, manufacturer and safety standard. Documents must also be sent through multiple locations, limiting the online market due to fears of tampering.

    *updating…

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