Weekly Cryptonews
The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
Weekly Cryptonews
Vinny Lingham, Civic CEO: “For me, crypto is a bit too risky at its current point. I think the risks right now outweigh the upside in the short term anyway. There’ll be better opportunities later on.”
Despite the rise on Monday, Bitcoin failed to stick above the $4,000 level for a long time and formed a gap down on Wednesday. If the oldest cryptocurrency extends losses, it will fall to the support at $3,222. However, Parabolic SAR shows an uptrend for the digital asset. If Bitcoin recovers, it will rise to the resistance at $4,380.
In other news:
- The Japanese internet technology company GMO has recently announced that it is closing down its mining production.
- 8% of money transfers from the US are made with cryptocurrencies.
- During December 17-27, Bitcoin and Ethereum set records in the trading volume. Bitcoin trading volume reached $46 billion, while Ethereum’s - $18.5 billion.
New releases:
- Bank of America wants to patent blockchain-technology for processing fiat currencies.
- Japanese financial corporation Mizuho Financial Group announced its plans to launch a cryptocurrency connected to the JPY.
Bitcoin $3,782
Ethereum $121.75
Litecoin $29.94
DASH: $80.57
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