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Jay Clayton, the head of SEC: “I believe that ICOs can be effective ways for entrepreneurs and others to raise capital. However, the novel technological nature of an ICO does not change the fundamental point that, when a security is being offered, our securities laws must be followed.”
During this week, Bitcoin has been trading with a very low volatility. Despite the positive momentum on Wednesday, the oldest cryptocurrency failed to continue rising and fell to the last week’s lows at $3,344 on Thursday. Speaking of the technical side, RSI is placed near the oversold zone, while MACD moves parallel to its signal line. Both of the indicators do not signal the reversal. The parabolic SAR forms a line of dots above the chart. That means that the downtrend for the crypto asset continues. If bulls take control over the situation, Bitcoin will rise towards the resistance at $3,750. If more uncertainties in the market appear, the digital currency will move down to the support at $2,970.
In other news:
Regulations:
New releases:
Bitcoin $3,388.2
Ethereum $86.85
Litecoin $23.92
DASH: $62.68
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