Welcome to Tuesday!
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.
- 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.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…