Bitcoin above $ 4,000. Will the rollback the beginning bullrun?
Source:
After a hard period of falling investors finally experienced some relief surged above $ 4,000. The cryptocurrency has jumped to $ 350 up for just one day. Some analysts believe that this is not the end and the price rally may continue. Such thoughts arose on the background of the news about the formation of the «controller.» on wall street.
Recall that a few relatively large American companies have created an Association of the markets of digital assets (ADAM). The main purpose of the organization «clean» image of the industry of cryptocurrency.
theLatest news
One of initiators of creation of Fund was made by Mike Novogratz Galaxy Digital. To his initiative was joined by Hudson River Trading and Symbiont. Representatives of the companies promise that will overcome all obstacles in their way and make Bitcoin no longer called «pyramid scheme».
Over the coming months, will work with industry leaders and experts to develop a code of conduct for digital asset market participants.
— Association for Digital Asset Markets (@DigAssetMarkets)
ADAM will release its own mechanism which will effectively monitor the state of the crypt and get support in case of problems with digital assets. The first version of the service code ADAM will appear in the public domain in 2019. Recall that another positive was the November launch Bitcoin futures on Nasdaq.
theTechnical analysis
While the pace of correction is not very impressive — the main cryptocurrency grew by only 350 dollars, while the decline over the past two weeks has reduced the price of Bitcoin is at least $ 1600.
image Source — NewsBTC
While it is not necessary to succumb to market volatility. Do not open long positions until a steady growth above $ 5,000. Under strong growth should imply large trading volumes, ie higher than in past weeks.
image Source — NewsBTC
On 1-day chart cryptocurrency while «hanging in the air». We can observe a rebound, but he had no serious support from the buyers. In this situation, the safest strategy is a short.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
The bull of wall street: now the "Golden" time to enter the cryptocurrency market
the Main cryptocurrency bull on wall street and co-founder of Fundstrat Global Advisors spoke at BlockShow Asia 2018. He identified three main reasons for the recent collapse of the stock market. In his opinion, it's controversial...
Important update pool 2Miners. What is personal success and why it is needed?
First we Oct for mining-pool 2Miners. The main new features are the e-mail notification, update miners 144.5, an increase in the minimum payments for some coins for the sake of the preservation of and superior to the Telegram-bot....
The Minister of economic development of Russia: Bitcoin a bubble, but it does have its advantages
Russia is not striving to become a good place for cryptoendoliths. Miners and traders the crypt of assets are trying to push new laws on digital assets, as in the government constantly heard remarks about «bubble cryptocurren...
The end of anonymity: in the US first officially imposed sanctions on Bitcoin wallets
the Office for foreign assets control of the United States (OFAC) launched a full-scale campaign against the two Iran «intermediaries», who distribute malware. Law enforcement agencies have published the addresses of the...
Bitcoin suddenly went into growth. There is a suspicion of major players
Wednesday 1-day uptrend of Bitcoin exceeded 10 percent, spurring the price to almost 4200 dollars, then the coin continued to grow heavy. A good thaw after a long decline, which happened as a result of Cash. Recall, the output pri...
Wait: Sapphire Technology released ready the farm for GPU mining
One of the largest suppliers of graphics cards from AMD will now focus on development and production of its own equipment for mining. This information was confirmed by representatives of Sapphire Technology. The Hong Kong manufact...
What is Lightning Network: a detailed guide
In this article we analyze in detail the background to the creation of a Lightning Network (LN) and why its scaling properties will fall by the way to what we have today, and maybe will result in transformative improvement. Descri...
Mine Bitcoin became unprofitable. What will happen now?
the Profitability of mining Bitcoin and its main "clones" is a longstanding topic of debate. For a long time, the main coin retained the championship in the profitability of production, but today it is not so important. Now mining...
«War of harratov» between the fork Bitcoin Cash by the end. However, to everyone's surprise «defeated» SV Bitcoin entered the top 10 coins on Coinmarketcap. Note that this week a fork of Craig Wright suddenly i...
Suffering prolonged. The expert said, when Bitcoin will rise above $ 5,000
the founder of the project Civic Vinny Lingham does not believe in the imminent bullrun. In his opinion, Bitcoin price will remain below $ 5,000 for at least three months. Lingam does not rule out a long flat, which can last up to...
Analyst: Bitcoin will test the level of 2970 dollars in the near future
Saw a sideways movement on the chart after draining? Still no time to relax! The fall of Bitcoin will likely continue. In the near future cryptocurrency could reach $ 2970. Sure Daily FX analyst Nick Cowley. According to him, the ...
China has upgraded the rating of blockchain projects. What a cryptocurrency is in the first place?
Chinese center of information and development of the industry has updated its monthly ranking of cryptoprocta. Bitcoin moved up a few notches upward, additional support was also expressed for EOS and Ethereum. Representatives of t...
Bitcoin rests only on the faith of the people. The point of view of the expert
In a recent discussion on the topic of cryptocurrency technology correspondent, CNBC Elizabeth Schulze said that such a long-term survival of Bitcoin is bound solely to people who believe in him. The current situation on the stock...
The government is preparing a new draft law on the regulation of cryptocurrencies. Miners against
a New version of the law on the regulation of digital assets in Russia did not satisfy large domestic miners. They do not agree with the strict control of the Central Bank in virtually all spheres of industry. Instead of the origi...
FAQ: what is a token and why they are needed
collecting expensive items — the main hobby of the rich. However, how can we ensure the preservation of your collection against intruders or other unforeseen threats? All easy enough to transfer his collection to the blockchain! H...
It will not be better: last week the ICO projects sold 100 thousand ETH
Over the last month -the project has sold over 200 thousand ETH, 119 thousand of them – only in the last 7 days. With the recent fall of the stock market ICO started in haste from their inventory of coins. Today daily sale from 10...
Acne Buterin: incorrect application of the blockchain is a waste of time
yesterday in an interview with Quartz co-founder of Ethereum Vitalik Buterin stated that improper use of the blockchain leads to «waste of time». «Push» the blockchain in any industry is not necessary, even if ...
Traders: on cryptomeria observed a significant decrease in trading volumes
According to the analytical portal Diar, trading volumes on cryptomeria significantly declined since the beginning of this year. Experts have examined the data from eight of the leading trading platforms — Binance, OKex, Huobi, Bi...
Comments (0)
This article has no comment, be the first!