• eBay and TD Ameritrade declined the recent news.
  • The market sentiments remain positive.

Crypto enthusiasts at this year’s Consensus conference might feel disappointed that some of the most optimistic speculation underpinning surging token prices isn’t panning out.

The cryptocurrency market value has grown by over $40 billion in just three days inspiring positive sentiments and within the community. Crypto winter blues gave way to crypto spring joys; however, the claims that the worst is over may still be premature.

The recent cryptocurrency rally is based on a shaky foundation, according to the latest Bloomberg report. The rumors about massive cryptocurrency adoption by mainstream companies and large retailers that circulated at the Consensus 2019 conference in New York and fueled the upside momentum on the market,  turned out to be just wishful thinking. 

Thus, eBay declined the speculations about its purported intentions to enter the crypto space. 

“Cryptocurrency is not accepted as a form of payment on the eBay platform, nor is it part of our payments strategy,” the company spokesperson said on Monday in an attempt to stop the speculations.

Apart from that, TD Ameritrade Holding Corp. also denied the news that it was about to venture into crypto and blockchain universe.

“Currently we’re not. We have what we call paperMoney, which is what our clients can try for trading strategies. It was a simulation. So there was no actual execution.” Sunayna Tuteja, head of digital assets at TD Ameritrade, explained in an interview. 

While this news sounds discouraging enough to trigger a downside correction after a strong rally, a full-scale reversal of the bullish trend remains a low-chance scenario, provided that the market believes that the proverbial glass is half-full.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD trapped under short-term trendline

Bitcoin (BTC) is changing hands at $9,750, mostly unchanged both on a day-to-day basis and since the beginning of the day. The first digital asset recovered from Monday's low of $9,469, however, an upside momentum faded away on approach to $9,800. 

More Bitcoin News

NEO/USD bullish following Binance Futures support

NEO is in the green on Monday during the European trading session. The bullish momentum is taking action after a couple of days of the bulls enduring battering from the bears.

More NEO News

ETH/USD tug of war at $270 intensifies as $280 beckons

Ethereum managed to stay above the support at $240 during the bearish Monday. Also contributing to the support was the long term ascending trendline. The recovery from the support has been steady enough to hit levels slightly above $270. 

More Ethereum News

Ripple Price Analysis: XRP/USD is bearish as long as it stays below $0.30

XRP/USD recovered to $0.2950 during early Asian hours only to retreat to $0.2850 by the time of writing. Despite the sell-off, the third-largest digital asset is still nearly 2% higher from this time on Monday and mostly unchanged since the beginning of the day. 

More Ripple News


Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast