|Day's Range||5.903 - 6.031|
|52 Week Range||5.810333 - 32.654762|
|Volume (24hr) All Currencies||12.55M|
Recently, Mark Zuckerberg appeared before the US Congress to discuss his new Libra project and to attempt to calm concerns related to his new global alternate currency project. It appears this project is putting global political leaders in a particularly powerful position of either accepting the Libra project as a viable future solution and implementing new laws and regulations in support of it or to shelve the idea while they consider the local and global risks associated with a project that creates a new class of global currency.
It’s a positive start to the day for the majors. An early move through to key levels would support a 2nd consecutive day in the green for the pack.
The crude oil markets broke down significantly during the trading session on Wednesday, as several central banks around the world cut rates overnight. Because of this, there are serious concerns about the possibility of global growth.
Investors, who were waiting for the non-stop growth of Bitcoin up to $20K after a jump to 14,000, are probably extremely disappointed now. Those who bought BTC above $10K suffer even more. However, they are not selling their bitcoins now. In this case, we are talking more about profit-taking.
Cryptocurrency wallet provider Abra has announced some major changes for its U.S. users due to “continued" regulatory uncertainty in the country.The post Crypto wallet Abra restricting US services due to regulatory uncertainty appeared first on The Block.
At the end of the working week, Bitcoin and altcoins demonstrate attempts to return to growth. BTC adds more than 2% over the past 24 hours, breaking the $8,000 threshold at some point.
Bitcoin will need to move through to $8,700 levels to deliver a shift in sentiment across the broader market. The first bull-target will be $8,740.
Within two weeks of virtually non-stop growth, Bitcoin not only confidently hit $6,200 but also continued to strengthen after a short break to take profit at around $6,000. BTC grows by more than 3.5% and is trading at around $6,300 at the time of writing, and the daily trading volume returned above $18 billion, reflecting the high interest of buyers.
Bitcoin inspires crypto market with a confident turn to growth. Over the last 24 hours, BTC price has jumped by 7% and traded around $5,800 at the time of writing, confidently breaking the $5,600 mark. Altcoins duplicate the dynamics of the benchmark cryptocurrency. TOP-10 tokens grew by 2% – 8%.
The bulls are in the driving seat. A break out to $4,300 may be a step too far, but optimism may well deliver a solid start to the 2nd quarter
Bitcoin sees red early on but moving back through to $4,160 levels could signal another run at $4,200 levels later in the day.
Bitcoin is in the green early but continues to struggle to break out from the current rut. A sell-off could be on the cards if Bitcoin doesn’t make a move soon.
On the balance of it, the bears took the week, while Tron stole the show. More losses could be on the horizon should the majors not move early.
It’s a red start to the day for Bitcoin and the broader market. Holding onto $3,600 levels through the morning will be key ahead of the weekend.