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Tim Draper, billionaire, cryptoinvestor: "I think <cryptocurrencies> will have such a transformation effect on industries that we never even imagined would be imitating. The Internet went for industries that were $10-100 billion dollars markets, cryptocurrency will go for billions of dollars markets – this is finance, healthcare and insurance, banking and investment banking and governments."
Bitcoin started bearish on Monday and the price dropped again to the last week levels at $6330. Positive news on Wednesday gave the digital currency a chance to recover. On Thursday it crossed the 100-day MA at $6676 aiming the resistance at $6812. The next resistance is at $7360. If situation on the market changes, the support is at $6194.
On Tuesday representatives from the US Congress, equity markets (Fidelity, Andreessen Horowitz and Nasdaq) and crypto community (Ripple, Coinbase and Circle) discussed the regulations of cryptocurrencies.
These discussions may, however, have positive effect: Google will allow an advertisement of cryptocurrencies for Japanese and the US exchange platforms, that is, for two key markets in October.
So maybe the tetris game you downloaded yesterday helped someone to earn some BTCs ;)
Bitcoin $6,736.7 (+4.34%)
DASH $192.83 (+4.19%)
Ethereum $226.63 (+6.51%)
Litecoin: $62.390 (+9.40%)
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Will we finally see any price action for Bitcoin?
On Thursday, digital coins declined due to the fact that JP Morgan uncovered its own crypto asset expected to help the well-known bank to settle payments between its customers…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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