Bitcoin Price Plunges Below $10,000 as Markets Continue to Feel Regulatory Heat

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The bitcoin price plunged below the $10,000 support level in a correction that analysts are attributing to increased pressure from regulators throughout the world. Bitcoin Price Plunges Below $10,000 The bitcoin price dipped below $10,000 on Tuesday, deepening an early-week correction that began on Monday on the heels of a fleeting $13,000 weekend rally. BTC Price Chart At the time of writing, bitcoin was valued at $9,965 on Bitfinex, whose BTC/USD trading pair is the cryptocurrency’s most…

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DASH and Litecoin Analysis January 24, 2018

DASH/USD DASH tried to rally initially during the day on Tuesday but found the $800 level to be resistive. Because of this, the market looks likely to go down to the $600 level, as we have seen negativity yet again during the day. Ultimately, the $800 level will be a resistance barrier, with $600 offering support. Do not be surprised if we break below that level later.   LTC/USD Litecoin also drifted lower, reaching towards the $165 level. The market looks likely to test the lows again, which means we…

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Ethereum Analysis January 24, 2018

ETH/USD Ethereum markets drifted lower during the day again on Tuesday, reaching towards the $900 level. There is an uptrend line underneath that could offer support, but at this market breaks down below the $800 level, look out below. At that point, I would expect to see this market reach towards the $600 level. Alternately, if we can break above the $1000 level with strong volume, we could see a recovery in price.   ETH/BTC Ethereum markets went sideways during the trading session against Bitcoin again on Tuesday, as both…

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Bitcoin Analysis January 24, 2018

BTC/USD Bitcoin initially tried to rally during the day on Tuesday but struggled again as it looks likely to continue lower. We are pressing the $10,000 level, an area that of course has attracted a lot of attention. However, it’s likely that we will break down below there considering the tenacity of the selling pressure, and the lack of positive volume. Because of this, I anticipate that we are going to continue to go lower, perhaps down to the $8000 level next.   BTC/JPY Bitcoin also fell against the Japanese…

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Bitcoin Price Watch; Straight Into The Action

It is time take a look at how action in the bitcoin price fared overnight in an attempt to try and figure out if we can use the action we have seen to try and put together a strategy for the European session today. Instead of spending too much time discussing what just happened, it’s probably worth jumping straight into the chart for the purpose of this morning’s analysis because it’s looking as though we may get a near-term entry if things continue to move as they are doing right…

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1-23 Price analysis – Keep your bullets ready

Price analysis of BTC, BCH, ETH, ETC and LTC for January 23, keep your bullets ready, the very moment is coming soon.   Resistance: $11,000, support: $10,000 Data feed from AICoin Comments:BTC slumped by over $1,700 last night and stopped falling further after reaching to the strong support at $10,000. The strength seems weak, which is believed to be caused by the rumored policy about banning C2C trading in China. If price moves up and forms a double bottom pattern after breaking the resistance at $11,000, BTC will keep climbing.…

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Cryptocurrency Exchange BitFlyer Launches New EU Branch

Japan-based bitcoin exchange operator bitFlyer has set up shop in Europe, having already expanded to the U.S last year. The exchange announced yesterday that it had received a payment institution (PI) license to operate its services in the European Union and is initially seeking to attract professional, high-volume traders – a sector it sees as underserved in the EU. In an announcement, Andy Bryant, COO of the new European branch of the exchange, said: “Through our web interface or API, traders can get up and running quickly and benefit from some…

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Bitcoin Can Bring Respite to Africa’s Inflation Problem

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Inflation runs high in Africa and bitcoin could be a potential alternative to regional currencies. African central banks have consistently followed policies that have eroded the purchasing power of their citizen’s money.  As a result, bitcoin will offer Africans a choice and another option for money as a store of value. Bitcoin has been portrayed by many as a medium of exchange for illegal and unground activities. Less attention has been devoted to the use of bitcoin as…

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What’s a Former CIA Lawyer Doing in Crypto? Structuring Compliant ICOs

Russell Bruemmer is taking it upon himself to help token issuers construct compliant initial coin offerings (ICOs). While that might sound challenging in a space where the regulatory framework has not been formalized, Bruemmer is as prepared as anyone could be in his new role advising blockchain startup Applied Philosophy Labs (APL). A former top lawyer of the U.S. Central Intelligence Agency (CIA) and the former lead of the congressional affairs unit at the FBI, Bruemmer gained the relevant experience working for decades at for the law firm of WilmerHale,…

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South Korea Announces Deadline for Halt of Anonymous Crypto Trading

South Korea’s financial watchdog has set a deadline for the ban on anonymous cryptocurrency trading accounts within the country. According to a new announcement from the Financial Services Commission (FSC), starting from Jan. 30, cryptocurrency investors in South Korea will have to use real-name bank accounts in order to continue trading. Once the rule comes into effect, investors can only deposit funds to trade cryptocurrencies if their name on the crypto exchange matches that on their bank account. The move comes as part of the financial regulator’s push through a…

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