{"id":6465,"date":"2021-03-10T07:19:26","date_gmt":"2021-03-10T07:19:26","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/?p=6465"},"modified":"2021-03-10T07:21:08","modified_gmt":"2021-03-10T07:21:08","slug":"bitcoin-corrects-from-55k","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/bitcoin-corrects-from-55k\/","title":{"rendered":"March 10 Daily report: Bitcoin Corrects From $55K, \u2018Game changer\u2019 for Maker and Ethereum, JPMorgan featuring MicroStrategy and Square, Ripple and XRP enjoy the trust of many banks and Crypto Whales Accumulate Ether"},"content":{"rendered":"\n

Bitcoin Corrects From $55K –BuyUcoin<\/a>: The biggest news stories of the day<\/p>\n\n\n\n

On a busy day for news, here are the standout stories from the world of crypto in our best of the day\u2019s segment.<\/p>\n\n\n\n

  1. Bitcoin <\/a>Corrects From $55K<\/h3><\/li><\/ol>\n\n\n\n

    Bitcoin price extended its rise above the $55,000 resistance against the US Dollar. BTC is correcting lower from $55,800 and it could find bids near the $52,500 zone. There was an upside extension in bitcoin above the $54,500 resistance zone. BTC even cleared the $55,000 resistance and settled well above the 100 hourly simple moving average.<\/p>\n\n\n\n

    Read more on Bitcoin Weekly price update<\/a><\/p>\n\n\n\n

    1. \u2018Game changer\u2019 for <\/strong>Maker<\/strong><\/a> and Ethereum with Optimism Dai bridge announced<\/strong><\/li><\/ol>\n\n\n\n

      The Dai stable coin produced by decentralized lending protocol MakerDAO is getting some speed and fee enhancements with its forthcoming upgrade on layer-two. Ethereum scaling solutions provider Optimism will provide the technology as announced on the MakerDAO forum on March 9.<\/p>\n\n\n\n

      1. JPMorgan launching ‘crypto exposure basket’ featuring MicroStrategy and Square<\/strong><\/li><\/ol>\n\n\n\n

        JPMorgan Chase has designed a new debt instrument that provides investors direct exposure to a basket of crypto-focused companies, according to a new filing with the United States Securities and Exchange Commission, or SEC.<\/p>\n\n\n\n

        1. Ripple and <\/strong>XRP<\/strong><\/a> \u2018Enjoy the Trust of Many Banks as a Model for CBDCs\u2019<\/strong><\/li><\/ol>\n\n\n\n

          Ripple and XRP enjoy the trust of many banks as a model for CBDCs because it is highly centralised and is based on a permissioned network where only certain network nodes can validate transactions, as opposed to decentralised and permissionless Bitcoin and Ether, says CPA Australia Report.<\/p>\n\n\n\n

          Read more on What to Expect for Ripple?<\/a><\/p>\n\n\n\n

          1. Crypto Whales Accumulate <\/strong>Ethereum<\/strong><\/a> as ETH Price Moves to New Highs<\/strong><\/li><\/ol>\n\n\n\n

            Data shows that cryptocurrency whales are rapidly accumulating Ethereum\u2019s ether, the second-largest cryptocurrency by market capitalization, as the price of the cryptocurrency steadily moves up to new highs. 
            Read more on             Ethereum bull run<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

            Bitcoin Corrects From $55.8K, \u2018Game changer\u2019 for Maker and Ethereum, JPMorgan featuring MicroStrategy and Square.<\/p>\n","protected":false},"author":1,"featured_media":6467,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[603,610,73,476],"class_list":["post-6465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-crypto-news","tag-bitcoin-50k","tag-bitcoin-55k","tag-ethereum","tag-maker"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/6465"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=6465"}],"version-history":[{"count":1,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/6465\/revisions"}],"predecessor-version":[{"id":6466,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/6465\/revisions\/6466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/6467"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=6465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=6465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=6465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}