
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
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