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(Kitco News) - The theme of this week in the crypto market was regulation as several major developments including a new bill proposed in the Senate and the revelation of widespread investigations into U.S.-based crypto exchanges indicate that the government crackdown on crypto has begun.
Data from TradingView shows that the price action for Bitcoin (BTC) has been on a slight downtrend over the past 5 days after topping out at $24,670 on July 31, finishing the week down 6.87% and trading at a price of $22,900 at the close of the traditional markets on Friday.
Despite the week’s negative performance, the uptrend seen over the past month remains intact as noted in the daily update from Kitco contributor Jim Wyckoff, who stated “Bulls are maintaining a six-week-old price uptrend on the daily bar chart and...
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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...