The EUR and Bitcoin are in Focus Today
Hi, and welcome to the daily newsletter by FBS. The market is active, and we have plenty to share with you!
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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