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Bitcoin and Ethereum trade positive post hitting new 2018 lows and recovering over the weekend but upside move into positive zone remains capped owing to news of Hong Kong’s regulatory crackdown.
Bitcoin calls on sub-$3,300 support early to move back into positive territory, with a day in the green needed to stop the run of weekly losses.
It’s a slow start to the day for most of the majors, whilst Litecoin continues to find support following a strong finish to last week.
Bitcoin Weekend News The rundown: Bitcoin and all major currencies are up Sunday; Hong Kong based blockchain technology firm Alphaslot closes a multimillion USD investment round; Phore Blockchain partners with blockchain telecom firm World Mobile; Coincheck parent company Monex Group launches a crypto exchange in the U.S.; A French member of parliament recommends investing €500 […] The post Bitcoin Weekend News Crypto Currency Roundup December 16 appeared first on Market Exclusive.
The power of networking fused with programming tricks is what Blockchain can be called at present and imagination empowered by technology is what Artificial Intelligence can be entitled to. Now it’s the time for Blockchain and AI to enter smoothly to the banking sector and to receive governments’ confirmation.
The Bitcoin bulls come out of hiding, providing some much needed support over the last 24-hours, sub-$3,000 avoided for now.
Bitcoin tumbled to 15-month lows earlier today, dashing hopes of a rally signaled by current extreme oversold conditions.
Bitcoin’s back in the red in what’s been a choppy session that’s seen sub-$3,300 support tested early. Could that be what the market needs to spur a rally?