The world’s largest cryptocurrency by market value has spent the last four months hovering around the $20,000 mark with little movement either side.
“This could be really important for bitcoin that it has found a base around $20,000 that traders are seemingly comfortable with in these turbulent times,” wrote Craig Erlam, an analyst at OANDA, in a morning note. “It now looks like a very strong region of support that's been reinforced with every test below.”
Erlam said there could well be a case for this level forming a bottom for the cryptocurrency, but of course, another risk-off panic could put this theory to test.
A blockchain linked to the big crypto exchange Binance ordered a suspension on Thursday, after an estimated $100 million to $110 million in assets were moved off chain.
In the news, Citigroup’s director of blockchain and digital assets is leaving the U.S. bank to take a role at Six Digital Exchange, according to his LinkedIn page.
A report from Morgan Stanley said the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...