Summary:
- UPS wants to bring its B2B sales on blockchain
- China’s CCID publishes its latest crypto ranking
- Bitcoin trades a little above $3950
Major cryptocurrencies have not experienced any surprising changes in recent days. In general, March seems to be quite a lazy month for the crypto market in comparison to some previous months. According to CoinMarketCap, the capitalization of the whole crypto market stays in the vicinity of the $140 billion handle while the largest digital currency Bitcoin accounts for roughly 50.6% on Monday morning.
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Bitcoin (BITCOIN on xStation5) approached the $4000 mark that seems to be a key resistance for the largest cryptocurrency. The cryptocurrency has been trading in the vicinity of the mentioned handle since mid-March. However, Bitcoin bulls have not had enough power to clearly break above it so far. Source: xStation5
UPS wants to use blockchain in its B2B sales
UPS announced last week that it started to cooperate with Inxeption (the e-commerce technology company) to integrate a blockchain-based platform, as the company’s press release reported. The platform called Inxeption Zippy will be used to facilitate the company’s business-to-business (B2B) sales. The Inxeption’s platform “helps businesses market and distribute their products on multiple online channels, from one secure place”, as we could read in the mentioned release.
Ethereum (ETHEREUM on xStation5) bears have been stopped by the 50-period moving average (a light green line) on the D1 chart. The cryptocurrency has not managed to clearly break the mentioned technical indicator since mid-February. Source: xStation5
China’s CCID release its crypto ranking
The Center for Information and Industry Development (CCID), which is a center operating under the Chinsese Ministry of Industry and Information Technology, published its latest cryptocurrency ranking called the CCID’s Global Public Blockchain Technology Assessment Index, as CCN said. This edition is the 11th release of the Chinese crypto ranking. The first place is occupied by EOS followed by TRON. The podium of this ranking is closed by Ethereum. What’s interesting, the largest cryptocurrency Bitcoin is downgraded to the 15th place - it means that Bitcoin dropped by two places in comparison to the previous month. Moreover, Ripple occupies the 18th place in the Chinese crypto ranking.
When we take a look at the daily chart of Ripple (RIPPLE on xStation5), we could notice the third largest cryptocurrency was moving around its 50-period moving average (a light green line). However, the digital currency has moved away from this line in recent days. Source: xStation5
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