Bitcoin sits at a critical support level; here’s the bearish and bullish case | Chinese government shuts down 173 crypto exchanges and token issuersBTC 📉 $7180 (+0.79%) / ETH 📉 $148 (+1.62%) / XRP 📉 $0.22 (-0.63%)
Are Ethereum, XRP and Litecoin on the road to recovery?
Over the last week, the entire cryptocurrency market suffered a significant downturn. But, as prices went down, it seems like demand is now picking up and altcoins are starting to rebound. Chinese government shuts down 173 crypto exchanges and token issuers
Almost 200 cryptocurrency exchanges and token issuing platforms have been shut down. According to the People’s Bank of China’s (PBoC) financial report, the country will continue to crack down on “unlicensed payment” businesses, which include online lending institutions and other financial companies operating on the internet. IOTA can now be used as a payment system for any game or app
An IOTA (MIOTA) developer successfully implemented the IOTA as a payment system that can be used in any game or app. TV report in China says Binance’s Shanghai “office” was actually a call center
According to Dovey Wan, a founding partner at Primitive Ventures, a local TV station in Shanghai reported that the “office” of Binance in Shanghai was a call center operated by Babi Finance. Bitcoin sits at a critical support level; here’s the bearish and bullish case
More than $56 billion have been wiped off the cryptocurrency market cap in the last week. The massive sell-off took Bitcoin below $7,000 signaling a further decline. Celsius CEO Alex Mashinsky talks crypto lending and why Bitcoin won’t be the “winning” blockchain
CryptoSlate recently had the opportunity to chat with Celsius Network CEO Alex Mashinsky. Mashinsky is a serial entrepreneur and founder of seven NYC based startups, having raised over $1 billion and exiting over $3 billion. XRP, EOS, and ADA dive 8%: Will the total crypto market cap drop further after 27% fall?
The price of XRP, EOS, Cardano (ADA), and other major cryptocurrencies have dropped by more than eight percent on the day, causing the total crypto market cap to fall by 27 percent in merely two months. Tether and Bitfinex face new fraud lawsuit in Washington state, second in months
A fresh class action lawsuit has been filed against Bitfinex and its sister company Tether Limited, the company behind the controversial but market-leading USD-pegged stablecoin, USDT. Only 0.01% of Ethereum holders are in profit; are DeFi liquidations fueling ETH’s downtrend?
According to IntoTheBlock, 99.99 percent of Ethereum addresses are at a loss or break-even after ETH’s weeks-long decline, a rally that has seen the second-largest cryptocurrency by market capitalization shed more than 23 percent in USD terms since the start of the month. Bitcoin may be mirroring bearish 2014 fractal; are further losses imminent?
Much to the chagrin of Bitcoin’s bulls, the cryptocurrency has remained in a firm downtrend over the past several weeks, which has now resulted in BTC pushing up against its key near-term support level, with a break below this price opening the gates to significantly further losses. Featured companies📈 Bybit - Bybit is a cryptocurrency derivatives trading platform established in March 2018. It is headquartered in Singapore and has offices in Hong Kong and Taiwan. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usTelegram • Twitter • Facebook • LinkedIn • YouTube • Instagram Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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