Monthly Crypto Outlook: What's Next After a Successful February?

Welcome to the March Crypto Outlook with Contentworks, an agency specialising in content marketing for financial services, crypto and blockchain. February was a great month for cryptocurrencies with Bitcoin and Ethereum gaining by more than 20%. This happened after JP Morgan said that it will be launching its own cryptocurrency. The goal of the currency will be to make it easier for the bank to do international cash transfers. Every day, the bank makes transfers worth more than $6 trillion. This news was followed by another positive news from the oil market. During the International Petroleum Week (IPW), it was announced that the major oil companies had signed up for Vakt, a new blockchain product intended to make it easier to trade in the oil market. At the same time, it was reported that other commodities trading companies like Bunge and Cargill were preparing to launch their own blockchain product. In December, it was reported that Facebook too was preparing to release its own stablecoin, which will help it monetize Whatsapp.

This month, traders will continue to focus on the news with the goal of determining the impact of the positive news on the specific cryptocurrencies. This is because, each of the projects announced recently does not have any relationship with cryptocurrencies like Bitcoin and Ethereum. Instead, they prove the analysts who forecasted the importance of blockchain right. Indeed, the cryptocurrencies would have done well if it was not for Warren Buffet who trashed the industry. In an interview with CNBC, the legendary investor said that investors in the industry will come to a bad ending.

On a macro level, traders will also focus on Brexit. This month, the United Kingdom is scheduled to exit the European Union. However, there is still uncertainty about how the country will exit. The first option is leaving without a deal, which has been viewed as being disastrous for the market. If this happens, it will be a test of the role of Brexit as a safe haven or storage of value. The second option is one where a deal is passed in parliament that will ensure a smooth exit. The final option will be an extension of the exit date to give way for negotiations.

Traders will focus on a number of key events that will take place this month. This week, crypto fans will meet for the Finance World expo in Switzerland. The event will be addressed by top executives in the industry like the global head of banking for Ripple, the director of Gibralta Stock Exchange, and the CEO of TokenMarket.

The next major event will be the C3 Crypto Conference that will happen in Berlin, Germany. In the event, participants will get an overview of the latest trends in the blockchain industry. The key speakers will be the founder of Evercoin Exchange and the founder of Konfidio.  In the same week, the cryptoassets regulation and compliance event will happen in London. The event will feature regulators from the European Banking Authority and the Gilbralta Financial Services. Other main events for the month will be the MIT Bitcoin Expo in Boston, Crypto Current Conference in New Orleans, and the Blockchain Investors Summit in Singapore.

At Contentworks, our team of financial professionals closely follows market movements for FX, Crypto and other tradable instruments. We are proud to serve some of the biggest crypto and fintech companies in the world by delivering high-impact articles, videos, PR and white papers.

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Information provided via press release